The Europeans have started to Arrive!
The unprecedented travel ban, implemented in March 2020 in response to the pandemic, saw travellers from the UK, EU and various other countries worldwide allowed into the States for only a handful of “essential reasons”.
From 8 November, entry restrictions have been lifted for all fully vaccinated arrivals.
In celebration, British Airways and Virgin Atlantic staged an historic simultaneous take-off from London Heathrow’s two runways yesterday morning.
Contact me to see how I can help you in your search for a home in Paradise!
Read these articles about the impact European – and Canadian – buyers will have on the real estate market: (more…)
What I like about Living in a Gated Community
When people are thinking of buying a property in Florida one of the questions is whether to buy in a community with a Homeowners’ Association or a stand alone property. Here’s what I like about living in a gated community.
The gate
While it can at busy times cause a delay for service vehicles entering the property it also provides a sense of security for residents knowing that every car entering the property has to be cleared with an owner
Landscaping
Wednesday is my favourite day of the week – it is the day the landscaping crew of 3 comes. In addition to cutting the grass, they prune and trim trees and plants and will do other work on request.
Just this last week the palm trees were pruned and – best of all – mulch was laid throughout. No more trips to Home Depot for me! (more…)
Travelers are returning to Southwest Florida to find low inventory
Travelers are returning to Southwest Florida after the pandemic grounded flights and restricted some from coming, and RSW has announced new international flights from Frankfurt and Montreal, along with Midwestern and Northeast Destinations.
One recent arrival, Mark Keegans of Toronto, said: “I think the weather is the biggest thing, and my wife and I are looking at buying a place down here to spend the winters down here.” (NBC-2)
Really, really low Inventory (more…)
Naples area Fall Market Reports
Here are links to my Fall Market Reports:
North Naples Fall Market Report
South Naples Fall Market Report
East Naples Fall Market Reports
Central Naples Fall Market Report
Naples Beach Fall Market Report
Sterling Oaks Fall Market Report
Pelican Bay Fall Market Report
Imperial Golf Estates Fall Market Report
Naples zip code map
Yes Virginia, it is Still a Sellers’ Market
Foreign Buyers May Return in November
Mortgage rates back to 3% – again
Andrew Oliver
REALTOR®| Market Analyst | DomainRealty.com
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
“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReports.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”
North Naples Fall Market Report
North Naples includes the area from Pine Ridge Road to the Lee County boundary just short of Bonita Beach Road. Sales saw a seasonal slowdown in the summer months, although median prices continued to rise.
East Naples Fall Market Reports
East Naples includes the areas to the East of Collier Blvd. The market saw consistent price growth through the first three quarters of 2021 in all categories, while sales saw a seasonal slowdown in the summer months.
South Naples Fall Market Report
South Naples includes the area bounded by 41, David Blvd and Collier Blvd. Sales and the Single Family median price eased a little from Q2 to Q3, reflecting the seasonal slowdown in the summer months.
Pelican Bay Fall Market Report
Pelican Bay is one of the Naples’ largest exclusive enclaves, situated on more than three square miles and bordered by pristine white-sand beaches. The sharp sales decline from Q2 to Q3 reflects the absence of high- end buyers in the summer months.
Imperial Golf Estates Fall Market Report
The Greater Imperial communities in Naples have 13 residential communities and a 36- hole Golf Club (membership separate from residential ownership) within its boundaries.
The market saw consistent growth through the first three quarters of 2021 in all categories, while sales saw a seasonal slowdown in the summer months
Central Naples Fall Market Report
Central Naples covers the area bounded by David Blvd, Goodlette-Franke, Pine Ridge and Collier Blvd. The market saw consistent growth through the first three quarters of 2021 in all categories, while sales saw a seasonal slowdown in the summer months.
Bay Forest Fall Market Report
Located on 150 acres of spectacular natural beauty bordering the back waters of the Gulf, the 17 communities of Bay Forest provide a quiet and peaceful setting.
Condo sales jumped sharply in the first 9 months of 2021, while the median price rose more modestly. (The small very number of sales in Q3 may have exaggerated the price movement, but 7 of the 8 sales were over $300,000).
Sterling Oaks Fall Market Report
Sterling Oaks is Southwest Florida’s premier tennis community. Located in North Naples, the community consists of 432 Single Family Homes and 304 Condos/Coach Homes in North Naples, Florida. Prices appreciated throughout the year (the Q3 Condo number is exaggerated by the very small number of sales.)
Naples Market Report by Location and Property Type
The market statistics produced by Realtor Boards provide a lot of useful information, but group together what to me are wholly different categories – e.g. Single Family and Manufactured.
Here then is what I hope will be a more useful and informative analysis, which shows the breakdown using the categories that make sense to me. I also include definitions of the different property types after the charts.
Single Family and Villas
Villas have HOAs, Single Family homes do not. And the price point tends to be different. Ergo, they should be analysed separately:
Naples September Market Overview
The median price in the overall Naples market through the first 9 months of 2021 increased 33% to $625,000 for Single Families (SF) and 18% to $329,595 for Condos.
The tables below show the breakdown of sales and median prices by area of Naples (see map below). Price increases for SF ranged from 30% in Central Naples to 40% in Naples Beach; and for Condos from 14% in South Naples to 21% in East Naples.
Sales also increased dramatically: up 30% for SFs and 68% for Condos.
Please contact me to discuss the current market and see how I can help you in your search. (more…)
Foreign Buyers May Return in November
WASHINGTON – President Joe Biden will ease foreign travel restrictions into the U.S. beginning in November, when his administration will require all foreign nationals flying into the country to be fully vaccinated. Fully vaccinated passengers will not be required to quarantine.
In my recent market reports I wrote: “As buyers from more foreign countries are allowed to visit the US again, those buyers – who were largely absent last year – may well add further demand to an already extremely tight market.
As for the future what remains true is that “as it’s now possible to work from anywhere in the world, why not live and work in paradise?”
Traffic is starting to pick up in Southwest Florida as we see the first of the winter arrivals. If you are interested in buying please contact me to beat the rush!
Read these recent articles:
Naples Housing Market August Review
Mortgage rates back to 3% – again
Yes Virginia, it is Still a Sellers’ Market
Andrew Oliver
REALTOR®| Market Analyst | DomainRealty.com
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