East Naples May Housing Market report

East Naples includes the areas to the East of Collier Blvd. See map below for details.

In the first 5 months of 2021 the median price of the 1,035 Single Family homes sold in East Naples was $460,000, and that of the 506 Condos $330,000.
Single Family

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point

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Bonita Springs-Estero May Housing Market review

In the first 5 months of 2021, the median price of the 1,063 Single Family homes sold in the Bonita-Estero area was $507,000, while that of the 1,223 Condo sales was $292,500.
Single Family
Bonita housing market

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. 

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Fort Myers May Housing Market report

The rolling 3-month median price (a more reliable guide than 1-month numbers) for Single Family Homes sold in Fort Myers reached $360,000, while the median Condo price was $205,000.
The following charts show the 12-month rolling figures for both median prices and sales in the Fort Myers market from January 2008 through May 2021 and clearly demonstrate the strength of both median prices and sales. (more…)

Are mortgage rates heading up or down?

For several years “experts” have been forecasting that mortgage rates were about to rise, but forecasts of an imminent end to low rates are reminiscent of Mark Twain’s alleged comment that reports of his death had been greatly exaggerated.

The 30-year Fixed Rate Mortgage (FRM) reached almost 5% in November 2018, but since then has been in an almost uninterrupted downward trend, with a few short-lived spikes upwards:

Mortgage rates

Which brings us to the question: is the next move going to be

Mortgage rates

Inflation (more…)

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

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

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

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.

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…)