Tourism making major comeback in Naples and Collier County

April’s tourist numbers naturally show a huge increase from a year ago, when the national lockdown was underway, but more relevantly they are also show strong gains compared with 2019:

– A 9% increase in visitors
– A 24% increase in room nights
– A 20% increase in economic impact
– A 2% increase in occupancy

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In Collier County, April might have been a bit unusual, drawing visitors here who may have wanted to come sooner, but waited to get vaccinated — or just to feel more comfortable with traveling, according to Anne Wittine, the director of data analysis for Research Data Services, the county’s tourism consultant. (more…)

The Real Estate Market Isn’t in a Bubble

The soaring housing market is prompting more “bubble” fears in some corners, but economists say the housing market isn’t getting overinflated: but it’s just too much demand and too little supply.

Housing bubble

“We have strong conviction that we are not experiencing a bubble in U.S. housing,” Vishwanath Tirupattur, a Morgan Stanley strategist, wrote in a note to clients this week.

Lawrence Yun, chief economist of the National Association of Realtors®, agrees. He told Axios last month: “This is not a bubble. It is simply lack of supply.”

Morgan Stanley points out that this isn’t 2006. (more…)

Bonita Springs April Market Report

Tom Brady’s modest new Yacht

Tom Brady has decided that it is time to upgrade from his current boat, a 55-footer made famous in February when the Super Bowl QB (and GOAT) launched the Lombardi trophy from the stern across the water to another yacht during the Buccaneers’ victory boat parade.

“Moving down to Tampa Bay last year, I live right on this beautiful bay — Old Hillsborough Bay — and the first thing I did when I got here was say, ‘I need a boat. I gotta be able to get out on this beautiful water.’ And I was able to do it,”

“I think the 77 will be a little bit more suited for what we need it for down here, which is a few more day trips and weekend trips,” Brady said of the upgrade.

Tom Brady; Wajer

I wonder if the new boat will have a platform as a stable base from which to throw next year’s trophy to Gronk? (more…)

Naples housing market in April

The market continued to move strongly upwards in April as these charts show:

Single Family/Attached Villas
The median price jumped to $640,000 in April

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Condos/Townhouses/Attached Villas
The median price reached $319,900 in April: (more…)

Arthrex’s North Naples campus qualifies as certified wildlife habitat

Recently, Arthrex was again recognized for its dedication to creating environmentally friendly workspaces when the Naples campus was designated a Certified Wildlife Habitat through the National Wildlife Federation and its Florida Wildlife Federation affiliate. The honor recognizes Arthrex for its commitment to sustainably providing the essential elements of the wildlife habitat.

When Arthrex and DeAngelis Diamond began to work on the construction of the global headquarters campus, care was taken to incorporate environmentally friendly aspects into the buildings and the campus. This includes the culvert, or buried canal, to preserve the waterway that crosses through the Arthrex global headquarters campus. This way, employees and guests will be able to enjoy expansive greenspace next to Arthrex One without disrupting the canal. The same goes for the Speedbridge, which was constructed over an existing waterway, allowing the habitat to be maintained for various plant, bird and fish species while helping employees and guests get from the Inc. building to the rest of the campus.

Arthrex (more…)

Naples rated No. 1 beach town to live in

Travel + Leisure recently wrote that the Southwest Florida city is the No. 1 U.S. beach town to live in. The magazine cited the personal finance site WalletHub for determining the best beach towns to live in around the United States.

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WalletHub ranked them according to 63 indicators, including “affordability, weather, safety, economy, education and health and overall quality of life.” WalletHub rated 145 total cities.

The New York City-based monthly publication lauded Naples for its “unbeatable quality of life and relative affordability.”

“Located on Florida’s Paradise Coast along the Gulf of Mexico,” the magazine said in its April issue, “the town offers lots to see and do, including pristine, white-sand beaches and day trips to nearby Everglades National Park.”

If you would like to buy a piece of paradise, please contact me: (more…)

Bonita Springs March Market Report

A picture tells a thousand stories so 4 pictures must tell 4,000 stories:

Single Family
Bonita Springs Housing Market

Bonita Springs Housing Market

Condos
Bonita Springs housing market
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Comment
No surprises in that prices and sales are up while inventory is down.
What is perhaps surprising is the fact that prices remain below the peak levels seen before the Great Recession. Read How do prices in Southwest Florida compare with 2007/08? for more details.

Hello sub 3% mortgages – again
A Pre-Qualification Letter Doesn’t Equal Being Pre-Approved
How to Win a Naples Smart Home plus Mercedes plus $100k Cash
“Party on, dude” says the Federal Reserve

Andrew Oliver
Sales Associate | Market Analyst | DomainRealty.com
REALTOR®

Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com

Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945

www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

Lover’s Key State Park Welcome Center to open May 15

The new Lovers Key Welcome and Discovery Center building is complete and the phase one exhibits have been installed. The center will open to the public on May 15. The facility will serve to educate and inform visitors to Lovers Key State Park.

Lovers Key

The 2,100-square-foot exhibit hall features many different habitats in the park with interpretive and interactive displays. (more…)

Florida online shoppers to pay more

Gov. Ron DeSantis has signed into law a bill requiring out-of-state online retailers to collect sales taxes on purchases made by Floridians.

 

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Southwest Florida International Airport Traffic Jumps

During March, 1,162,342 passengers traveled through Southwest Florida International Airport in Fort Myers. This was an increase of 35% compared to March 2020 and an increase of 60.2% increase compared to February 2021. Year-to-date, passenger traffic is down 20.4% compared to last year.

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The traffic leader in March was Southwest Airlines, with 284,606 total passengers. Rounding out the top five airlines were Delta (182,846), United (146,494), American (135,886) and Spirit (127,161). Southwest Florida International Airport had 11,472 aircraft operations, an increase of 7.5% compared to March 2020.

Meanwhile, construction continues on a new $80 million Airport Traffic Control Tower, while the $280 million, 200,000-square-foot expansion of the airport terminal, a project that had been deferred for a year due to the impact of the pandemic, was schedule to be bid in April, according to Ben Siegel, executive director for the Lee County Port Authority.

Naples housing market – onwards and upwards
How to Win a Naples Smart Home plus Mercedes plus $100k Cash
Hello sub 3% mortgages – again
“Party on, dude” says the Federal Reserve

Andrew Oliver
Sales Associate | Market Analyst | DomainRealty.com
REALTOR®

Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com

Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945

www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com

 

Will the Housing Market Frenzy Die Down? That Depends on Sellers

The coronavirus pandemic raised the temperature considerably on the nation’s housing market. The past year has been marked by soaring prices, logic-defying offers over asking price, and steep competition as sellers have been hesitant to put their homes up for sale.

But the heart-pumping, bank account–depleting housing market frenzy could die down—at least a little—in the coming months as more sellers list their properties and inventory slowly increases. About 10% of current homeowners plan to put their homes on the market this year—and more than half are more affordably priced, according to an exclusive survey conducted by realtor.com®. An additional 16% expect to list their properties within the next two to three years.

Typically, only about 8% of homeowners put their homes up for sale a year. This is about a 25% anticipated increase, which translates into about 1.5 million more homes. The increase may be due to folks holding off on selling their homes during the worst of the coronavirus pandemic.

“There is a brighter light at the end of the tunnel for many weary buyers,” says Realtor.com Senior Economist George Ratiu.“In a market that right now only has close to half a million listings, a big boost in inventory can mean more choices for buyers and potentially a slowdown in price growth,” says Ratiu. He was quick to add that prices won’t drop, but the double-digit growth may taper off. “It’s signaling a return to normal for the economy and the housing market.”

Read the full article: Housing Market frenzy could cool for this reason

Naples housing market – onwards and upwards
Hello sub 3% mortgages – again
A Pre-Qualification Letter Doesn’t Equal Being Pre-Approved
“Party on, dude” says the Federal Reserve
Goodbye sub 3% mortgages
It’s 80 degrees in Florida….

Andrew Oliver
Sales Associate | Market Analyst | DomainRealty.com
REALTOR®

Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com

Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945

www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated