Friday, April 28, 2017 / by Mike Shoaff
The NAHB (National Association of Home Builders) new construction forecast points towards an increase in new home sales. Economists evaluated the growth of families, a strong economy, and employment gains as fuel to support the demand for new home construction.
Although the demand will support the growth of new construction, the supply of the three “L’s”: Lots, Labor, and Lending can dampen certain markets.
Lots: Over 60% of the nation’s builders report the lack of supply of available & buildable land. In Collier County, we have been witnessing the resurgence of independent builders as well as national firms. Golden Gate Estates has single family home construction on vacant lots of various sizes. The price of residential acreage has increased annually creating more demand to buy sooner than later.
Many larger builders are scooping up acreage to build communities with a handful of homes, many without any amenities common to the larger development ...
Thursday, March 30, 2017 / by Mike Shoaff
When listing and selling a home in Naples it's always a good idea to step back and take a look at the property as if you were the buyer. Today it is turning into a buyers market days on market are increasing and you have a lot of competition, so here are some tips that will help sell your home in less time and for top dollar.
1. Change Out the Lighting-Nothing says outdated like an old-fashioned gold chandelier. Lighting is something that can be updated easily and won’t cost a bunch of money. It is one of the smallest things you can do that will have the biggest impact.
2. Paint-There is an old saying that states “if a barn needs to be painted, slap some paint on it.” You will be amazed at what some paint can do to your home. A new hue can cover imperfections and give the room the blast of color it needs. Forget drab, white walls that are lackluster. Give your home a color makeover.
3. New Fixtures-Just like the lighting, the fixtures in the home become ...
Thursday, March 23, 2017 / by Mike Shoaff
The wait is over. Publix is finally public in the Orangetree area of Golden Gate Estates.
Of course, the opening of a supermarket isn’t usually a big deal for most folks, but for a neighborhood that has lacked a major grocery store, it’s truly newsworthy.
Almost 100 people stood in line in the dark Thursday before the 7 a.m. opening of Publix in the new Neighborhood Shoppes at Orangetree on the corner of Immokalee Road and Randall Boulevard.
Jennifer Levy, who lives in Orangetree, arrived about 7:30 a.m. to check out the new supermarket.
“We are very, very excited. We’re glad they’re here,” Levy said.
She said she shopped at least weekly at the nearest Publix about 10 miles away in the Shoppes at Pebblebrooke at Collier Boulevard. She figures the new store is about a 10- to 15-minute bike ride from her home.
“I actually bought a basket for my bicycle, so I can come here and load it up,” Levy said.
Like many area resid ...
Friday, March 17, 2017 / by Mike Shoaff
The inventory of properties for sale in Collier County increased in February and prices held steady, a sign that buyers have more options, according to the latest real estate report.
“Compared to this time last year when we were challenged to find properties for customers, the February report showed inventory is up by nearly 1,000 new listings, giving us almost nine months of inventory to show eager buyers,” Dominic Pallini, president of NABOR and president of Vanderbilt Realty, said in a news release.
At the same time, overall pending sales in February jumped 10 percent and closings shot up 18 percent compared to last year, according to the NABOR report for February. The data does not include Marco Island.
Condominiums in the $300,000 to $500,000 price range were the bright spot in pending sales and condos in the $500,000 to $1 million category hit the sky with a 75 percent increase in closings.
Property listings last month climbed to 6,466 homes, a 16-percent boost co ...
Friday, March 10, 2017 / by Mike Shoaff
Want to know what the High Cost of Waiting to Buy a home is in Florida? With mortgage rates and housing prices expected to increase soon, renters who delay buying a home could end up spending considerably more, according to research by Realtor.com.
Call Michael Shoaff in Naples today. 239-298-9903