Weekly Newsletters

Every Sunday I publish Newsletters covering the communities of Bay Forest, Bonita Bay, Imperial Golf Estates, Island Walk, Naples Park, Pelican Bay, Pelican Marsh and Pine Island. If you would like to be added to the mailing list please send an email to Andrew.Oliver@Compass.com and specify the community newsletter you would like to receive.

Here is a sample:

 

 

Good Morning !
Imperial Golf Estates Weekly Update
The Latest Real Estate News
Andrew Oliver
Real Estate Advisor
m. (617) 834-8205
Go HERE to read my First Quarter 2024 Naples Market Report
Check out my websites for more real estate related news and reports:
DID YOU KNOW?
STOCK MARKET REPORT…..…..Stocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline in major bank shares also weighed on the market.
The Dow Jones Industrial Average slid 475.84 points, or 1.24%, closing at 37,983.24. The S&P 500 tumbled 1.46% at 5,123.41. The Nasdaq Composite pulled back by 1.62% at 16,175.09.
At one point in the trading session, the Dow was down by nearly 582 points, or 1.51%. The S&P 500 slid as much as 1.75%.
Week to date, the broad market index dropped 1.56%, and the 30-stock Dow fell 2.37%. Meanwhile, the tech-heavy Nasdaq is 0.45% lower for the week.
Oil prices continued their rise on reports that Israel is preparing for a direct attack by Iran this weekend, in what would be the biggest escalation of tensions in the region since the outbreak of the Israel-Hamas war last October. U.S. crude settled at $85.66 a barrel after rising above $87.
That, coupled with fresh U.S. imports data, added fuel to inflation concerns that have put pressure on the market.
Consumers are also growing worried about the persistent inflationary pressures. The consumer sentiment index for April came in at 77.9, below the Dow Jones consensus estimate of 79.9, according to the University of Michigan’s Surveys of Consumers. Year-ahead and long-run inflation expectations also ticked up, reflecting frustrations over sticky inflation. (CNBC)
ON TODAY’S DATE IN:
1536 English King Henry VIII expropriates minor monasteries
1828 First American Dictionary: its author Noah Webster registers its copyright for publication
1836 US Congress forms Territory of Wisconsin
1841 1st detective story published, Edgar Allan Poe’s “Murders in the Rue Morgue”
1860 1st Pony Express rider arrives in San Francisco from St Joseph, Missouri (started on April 3)
1865 US President Abraham Lincoln is shot in the head by John Wilkes Booth at Ford’s Theater in Washington; he dies a day later
1894 1st public showing of Thomas Edison’s kinetoscope (moving pictures)
1896 US Patent Office issues Patent No. 558,393 to Dr John Harvey Kellogg of Battle Creek, Michigan for “flaked cereal, and process of making same”
1906 US President Theodore Roosevelt denounces “muckrakers” in US press, taken from John Bunyan’s Pilgrim’s Progress
1910 US President William Howard Taft begins tradition of throwing ceremonial first pitch on Opening Day of baseball season
1912 RMS Titanic, the world’s largest ocean liner, hits an iceberg at 11.40pm off Newfoundland, sinks in the early hours of April 15
1931 Spain becomes a republic with the overthrow of King Alfonso XIII
1939 John Steinbeck novel “The Grapes of Wrath” published
1944 General Eisenhower becomes the Supreme Allied Commander of the Allied Expeditionary Force
1953 WHYN (now WGGB) TV channel 40 in Springfield-Holyoke, MA (ABC) begins
1960 American record company Motown, founded by Berry Gordy Jr, is incorporated as Motown Record Corporation in Detroit. Michigan
1964 Rachel Carson, American marine biologist, conservationist and author (Silent Spring), dies of a heart attack at 56
1971 US President Richard Nixon ends blockade against People’s Republic of China
1983 US President Ronald Reagan signs $165 billion Social Security rescue
2002 Venezuelan President Hugo Chávez returns to office two days after being ousted and arrested by the country’s military
2018 Beyoncé is the first black woman to headline the Coachella Music Festival, her performance on this day the most-watched performance ever on YouTube
2021 Bernie Madoff, American fraudster and financier who committed the largest fraud in US history, dies in prison of natural causes at 82
REAL ESTATE RELATED NEWS…… Eight new insurance companies will now be able to enter Florida and begin writing homeowners insurance policies.
“Florida’s insurance market continues to strengthen, showing signs recent legislation is having positive impacts to the property insurance market,” said Insurance Commissioner Michael Yaworsky.
In addition to new companies entering the market, Office of Insurance Regulation (OIR) approved the acquisition of Florida domestic property and casualty reciprocal insurer, Trusted Resource Underwriters Exchange, to allow the existing company to grow its footprint in the state and expand its underwriting capacity. As a result of OIR’s approval of the acquisition, more than $1.25 billion of capital is being invested into Florida’s property and casualty insurance market.
Citizens Property Insurance Corporation (Citizens) is showing improvement in their financial strength over the previous years. As the market continues to stabilize, OIR is seeing a continued interest from authorized insurers in the Citizens Depopulation program. In 2024, OIR has approved 13 companies to assume more than 354,000 policies from Citizens. In 2023, more than 275,000 policies were assumed from Citizens, reducing Citizen’s exposure by more than $113 billion.
In 2023, Florida domestic property insurance companies reported they produced a combined net underwriting that almost broke even, a dramatic improvement from losing over a billion dollars in the past three consecutive years. When combined with investments, these domestic carriers showed a net positive income in 2023 for the first time since 2016.
Additionally, the Florida Hurricane Catastrophe Fund rates are decreasing for participating insurers by a statewide average of 7.38 percent. These rate decreases are in part based on modeled loss cost indications, even while exposure grows.
FUN FACTS…… The British government coined the slogan, “Keep Calm and Carry on,” during World War 2 in order to motivate citizens to stay strong. Posters with the slogan were printed but never officially issued, and were only unearthed in 2000. (MentalFloss)
QUOTE OF THE DAY… Marriage is a wonderful institution, but who wants to live in an institution? – Groucho Marx
Bay Forest Real Estate Report
Active Listings, Recent Pending & Closed Sales
Courtesy of The Feins Group at Compass
Click the report to view it in full screen.
Forthcoming Local Events
THE JIVE ACES
April 17
Artis-Naples
Renowned for their energetic showmanship and endearingly vintage aesthetic, The Jive Aces were first discovered on Britain’s Got Talent.
MOVIES ON THE LAWN: THE LEGO MOVIE
April 16
Mercato Lawn
Join us for an outdoor screening featuring The Lego Movie starting at 8pm. Plus, don’t miss out on pre-show prizes and exclusive sneak peeks from Alamo Drafthouse Cinema’s blockbuster team starting at 7pm!
Lawn chairs and blankets are encouraged for the comfiest viewing experience. No coolers or outdoor beverages are permitted.
ZACH BARTHOLOMEW TRIO: GIANTS OF JAZZ – MUSIC FROM THE PREMIERE PIANISTS
April 18 @ 7:30 pm – 9:30 pm
Performing Arts Center – 10150 Bonita Beach Road
Experience an interactive and dynamic concert showcasing compositions and arrangements from some of the most influential pianists and piano trios in the history of jazz and American music
PSYCHIC MEDIUM ANTHONY MROCKA LIVE
April 21
Off The Hook Comedy Club
After years of struggling with addiction, Anthony began to question his very purpose in life. It was during one of his lowest points he began to pray to God and surrender his life to Him. It was at this moment his Spiritual Awakening began
Local Farmers’ Markets
Vanderbilt
Pine Ridge
Bonita Springs
MY LISTINGS
Bay Forest has long been a popular community West of 41, between Wiggins Pass and Bonita Beach Road.
The exciting news is that construction of the new $4.5 million Boardwalk has begun. (The seller will pay the final assessement.)
Go HERE to view the Bay Forest website, read the latest Newsletter, and watch the 4-minute video of Bay Forest.
15405 Cedarwood Ln, Unit 101
OPEN HOUSE SUNDAY: 1:00-3:30 PM
Originally $385,000 – now $370,000
End Unit with Private Courtyard and direct access from Adjacent, deeded Car Port
BB1 has replaced the roof and elevator; this unit has a brand new A/C
Go HERE to vew photos and video
325 Carinosa Ct: $725,000 – PENDING
Two primary suites, a 3rd bedroom, den, and 3 full bathrooms
Impact windows and a new high efficiency A/C system
Seamless indoor/outdoor living to large lanai (with two wine coolers!)
Go HERE to view photos and video
The Feins Group is a team of 14 Realtors working together in all areas of Naples.
Know someone who would enjoy this weekly report? Send an email to Andrew.Oliver@Compass.com and put “Bay Forest weekly numbers” in the subject line.
My weekly newsletters cover Bay Forest, Bonita Bay, Imperial Golf Estates, Island Walk, Naples Park, Pelican Bay, Pelican March, and Pine Island
Please let me know if you would like to be added to any other newsletter.
Questions/Comments?  Call Andrew 617.834.8205 your Southwest Florida Real Estate expert.
And check out my websites for more real estate related news and reports: