Florida’s 2018 profile of international real estate activity

Posted October 23, 2018 by pelicanbayexpert
Categories: Florida Statistics, Uncategorized

Tags: , , , , ,

LAmbiance – Pelican Bay – Naples FL – In the course of reading my trade e-magazines I ran across this article with loads of statistics on international buyers. The statistics show that international real estate activity in Florida from August of 2017 – July of 2018 has decreased. The article attributes this decline to low inventory and rising property values.

Source: Florida’s 2018 profile of international real estate activity

Our area did not see the red tide fiasco hit us until around August of 2018. The Ft. Myers/Cape Coral area fought red tide months before it hit us.  It will be interesting to see how next years statistics will fall out.

As of today we have a 5.10 month inventory of low-rise units for sale in Pelican Bay.  A “normal” market is one that is considered to have a 6 month inventory of listings. Prices have fallen a bit and I do think we are currently in a market that is adjusting itself.  As of today, L’Ambiance has 3 active listings.

Have you signed up for our new L’Ambiance Community website?  Because our new LAmbiance site is a secure site, registration is required. Shortly after you submit your registration, you will receive an email with login instructions. You will then be able to choose a password, login and browse the member-only sections of the site.The registration link is: https://lambiancenaples.com/registration

If you own in L’Ambiance, have you joined our L’Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.

If you are thinking of selling your L’Ambiance unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in L’Ambiance. I’d be happy to discuss not only the pricing in L’Ambiance but the pricing for low-rises in Pelican Bay and condos in Naples to see how your unit fits into the equation.

Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.comand I will add you to the subscription list. Please know that I keep our e-mail address private.

Please note that I receive not compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 40 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wilber via e-mail at Lynn@NaplesBuys.comor call 239-594-2780.

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Red Tide in Naples FL

Posted October 20, 2018 by pelicanbayexpert
Categories: LAmbiance Neighborhood News

Tags: , , , , ,

LAmbiance – Pelican Bay – Naples FL – If you are a member of our LAmbiance in Pelican Bay page on Facebook, you have seen all the posts I have made about the epic red tide that has hit our area this year. Those of you who know Don and I are aware we spend 90% of our summer after work at the beach, unless ThorGuard has prevented us from getting there. (ThorGuard is Pelican Bay’s lightning protection system. I could write a whole another article on ThorGuard.) Since about the beginning of August, we have been unable to go to the beach due to high red tide levels. In the twenty-two years we have lived in Naples, this was the worst red tide we have seen.

You may find yourselves coming back to Naples and be lucky enough that the red tide is not present.  Today I checked https://visitbeaches.org/ to determine if red tide is present on Vanderbilt Beach because I’d like to visit the beach today.  Luckily red tide is not present as of 10:43 AM this morning. One thing to keep in mind about red tide is that it can come and go. It can be nice in the AM and terrible in the PM.  I’ve put the above link on my phone’s home screen along with:

Collier County Red Tide Status

NOAA Gulf of Mexico Harmful Algal Bloom Bulletin

If you are returning to Naples and you are lucky enough to be here when there is no red tide, you might think “Oh it wasn’t that bad, the press must just have been playing it up.”  I am here to tell you as your neighbor, who has been here all summer, IT WAS THAT BAD.  Don and I had the unfortunate experience to be in the Gulf when the tides changed. We found ourselves being circled by dead fish, dead crabs as big as my hands and dead eels as long as my arm.  We quickly left the water and we haven’t been in the Gulf since that time.  If you really know the Wilbers, you know how much this had to hurt our summer.

“So what?” you might ask yourselves. “Red Tide isn’t here now, why should I worry about it?”  You should worry about it because red tide comes and goes.  While it might not be here while you are in town, it could reappear a week after you leave.

There was an excellent article in the TC Palm Treasure Coast Newspaper today.  In the article there is a link to a video of the blue-green toxic algal bloom flowing through Cape Coral.  One of the sentences in the article really stuck home with me, Those of us who live here know paradise is in trouble.”  I thought to myself “Oh my God! This is so true!”  I live here and I have seen and smelt the dead fish. I heard from my friends about the black water down at Marker36 beach. I’ve seen the tram drivers wearing masks to protect themselves from red tide. I’ve seen the warning about high bacteria levels at Vanderbilt beach.  This is not fake news, it is a reality.

On September 24, 2018, I posted a podcast of a discussion of water quality in Southwest Florida. A former Lee County Commissioner, Ray Judah, was being interviewed about all  the aspects that affect our water problems.  If you haven’t listed to the podcast, please do so by clicking —–> PODCAST

I know some of our neighbors are registered to vote in Florida.  While I stem from a family who had constant political discussions, I loathe getting involved in discussions in today’s political climate. Red tide has been a problem going on for years. BOTH political parties have contributed to the lack of financing for red tide research and testing. BOTH political parties have taken campaign money from the sugar cane industry.   I would urge you to contact the candidates on our ballot and see where they stand on getting money for research and testing for red tide and blue-green toxic algal and how they intend to handle more pollutants going into our waterways. Both of our Senators are so excited they have found money, 1.6 billion, for a reservoir to hold the polluted run off from Lake Okeechobee. I still haven’t seen an answer as to what they intend to do with all the polluted water that will be held in the reservoir.

In my opinion, common sense should dictate that our money should be spent on reasearch as to what causes red tide, what feeds red tide and how can we prevent more pollutants from going into Lake Okeechobee.

I have given you a lot of information in this post.  Please take some time to listen to the podcast and read the articles I’ve referenced.  Your neighbor, who happens to be a Realtor, thinks it is important that you research your candidate’s stand on what they plan to do about red tide and pollution flowing into our waterways before you vote.  Your property values could depend on the quality of our water.

Please note that I receive not compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 40 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wiber via e-mail at Lynn@NaplesBuys.comor call 239-594-2780.

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Most vacation buyers want income – not family getaways

Posted September 18, 2018 by pelicanbayexpert
Categories: Real Estate News

Tags: , , , , , , , ,

LAmbiance – Pelican Bay – Naples Florida – I ran across this interesting article this morning while reading my trade e-magazines. This article gives the reader a good idea of the trends in second homes.

Source: Most vacation buyers want income – not family getaways

As I read this article I thought about all the buyers I’ve sold in Pelican Bay.  A large portion of these buyers are not ready to retire yet and want to be able to rent out their units, when they are not enjoying their residence, to help defray their holding costs. The property values in Pelican Bay are such that an investor would have to put a huge amount of money down to make the rental income numbers work. A purchaser would need to look at the rate his/her investment is currently earning versus the projected amount of appreciation a property could earn. Pelican Bay has very little inventory currently on the market. As of today there are only 31 low-rise condos on the market in Pelican Bay.

I am also seeing a number of Pelican Bay residents who used to rent out their units deciding not to rent them anymore as they are now using their units. This is causing a lack of rental properties which will, I believe, trigger higher rental prices.

What will happen to our property values in the 2019 season? I would think we would see property values rising due to lack of inventory but what I am currently seeing are more price reductions in the active listings. The over 1 million dollar market is smoking hot while the 500K to 1M market seems to be languishing.

I hope you all had a pleasant summer. LAmbiance looks forward to the return of its Northern residents.

Have you signed up for our new L’Ambiance Community website?  Because our new LAmbiance site is a secure site, registration is required. Shortly after you submit your registration, you will receive an email with login instructions. You will then be able to choose a password, login and browse the member-only sections of the site.The registration link is: https://lambiancenaples.com/registration

If you own in L’Ambiance, have you joined our L’Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.

If you are thinking of selling your L’Ambiance unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in L’Ambiance. I’d be happy to discuss not only the pricing in L’Ambiance but the pricing for low-rises in Pelican Bay and condos in Naples to see how your unit fits into the equation.

Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.comand I will add you to the subscription list. Please know that I keep our e-mail address private.

Please note that I receive not compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 40 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wiber via e-mail at Lynn@NaplesBuys.comor call 239-594-2780.

YouTube | Linkedin | Twitter | Facebook | Reviews | Lambiance on Facebook

 

LAmbiance in Pelican Bay Real Estate Statistics

Posted July 21, 2018 by pelicanbayexpert
Categories: LAmbiance real estate statistics

Tags: , , , , , , , , , , , ,

LAmbiance – Pelican Bay – Naples, FL – Are you curious as to what is happening in the real estate market?  It’s been an interesting year so far. Let’s first take a look at what is happening in LAmbiance.

Since the beginning of the year, we have only had 3 closed sales. You’ll note all of them are first floor units.  Two of these sales are coach homes and one is a garden home.  All three of these listings had new kitchens and other updates.  At present we have two active listings.

Pelican Bay currently has 41 low-rise listings on the market.  Of these 41 listings, only 15 are under 500K.  As of today there have been 61 low-rise closed sales since the beginning of the year. When you review these closed sales, you’ll see that 27 of them were 500K and under. The rest of the sales were all over 501K,

The Naples Board of Realtors recently released the 2nd quarter statistics for 2018. When you look at this report make sure to scroll down to the Condominium Market Statistics page.  I found these statistics very interesting.  Most of our sales in L’Ambiance will be between 500K-1M.  Occasionally we get some units under 500K but these units usually need work.  If you look at the statistics by price, you’ll see the market between 500K-1M only represents 11.1% of all the sales in the 12-month period ending June 2018.  The number of closed sales are down 12% prices are down 5% and inventory is down 4%. The average days on the market are up 5%.

Now take a look at the market over 1M.  The number of closed sales are UP 52%. The prices between 1M – 2M are up 12% and the inventory is down 9%.  The higher price ranges are definite on fire right now.

Please take a moment and also view the Naples Beach Statistics on this report.  You’ll see the number of sales for the 12-month period ending June 2018 represent 21.35% of the market.  The median sales price is $650,000.00 and is down 4%.

When you view the closed sales for all of Pelican Bay, you’ll find that of the 221 closed sales since the beginning of this year, 96 of those sales were over 1 million dollars. That’s 43.4% of the market!

In my humble opinion, it would appear wealthy people are taking money out of the stock market and putting it into real estate.  The people who can afford to purchase in LAmbiance are being more conservative in spending their money on a second home.  Keep in mind the tax deduction for interest on a second home ceased to exist.  Florida is also dealing with harmful blue-green algae and red tideWhile we don’t have either here in Naples currently, these conditions might affect Buyers thinking about investing over a half a million dollars when making a purchase.

The average price for a low-rise in Pelican Bay in the first half of 2017 was $613,254.00.  The average price for a low-rise condo in Pelican Bay in the first half of 2018 was $570,293.00.  That’s a 7.1% decrease in the average sales price.

Low-Rises Closed Sales Pelican Bay First Half of 2017

LR PB 1-1-6-30-171

 

Low-Rises Closed Sales Pelican Bay First Half of 2018 

 

LR PB 1-1-6-30-181

You might hear Realtors complain about the lack of inventory in Pelican Bay.  You would think the lack of inventory would be driving the prices higher.  While that is happening in the 1-2 million dollar market, it is not happening in the lower price ranges.  If you are not in the over million dollar price range, this is not the market to be aggressive in your asking price; especially if you have not updated your unit.  Forget about “testing the market”.  If you do not have to sell, do not put your unit on the market.

Have you signed up for our new L’Ambiance Community website?  Because our new LAmbiance site is a secure site, registration is required. Shortly after you submit your registration, you will receive an email with login instructions. You will then be able to choose a password, login and browse the member-only sections of the site.The registration link is: https://lambiancenaples.com/registration

If you own in L’Ambiance, have you joined our L’Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.

If you are thinking of selling your L’Ambiance unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in L’Ambiance. I’d be happy to discuss not only the pricing in L’Ambiance but the pricing for low-rises in Pelican Bay and condos in Naples to see how your unit fits into the equation.

Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.comand I will add you to the subscription list. Please know that I keep our e-mail address private.

Please note that I receive not compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 40 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wiber via e-mail at Lynn@NaplesBuys.comor call 239-594-2780.

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LAmbiance Website

Posted July 16, 2018 by pelicanbayexpert
Categories: LAmbiance Neighborhood News

Tags: , , , , , ,

LAmbiance – Pelican Bay – Naples FL –  Many thanks to the members of our LAmbiance website committee, EJ Eckert, Whit Turner, Richard Reich and Don Wilber for putting together our new Lambiance community website!  This website is just chock full of all sorts of information you may need from any recent notices to residents and board contact information.  Looking for a form?  You’ll find it on this site.  What committees do we have here in LAmbiance?  The information is on the site. Need a copy of the rules and regulations?  You’ll find them on this site.  Need association documents?  You’ll find those on this site also!  Does your Realtor need condo documents?  There is a specific sign up for Realtors on this page so they will only be able to access association documents.

I snapped a photo of my desktop screen so you could see what the site looks like on-line.

Because our LAmbiance site is a secure site, registration is required. Shortly after you submit your registration, you will receive an email with login instructions. You will then be able to choose a password, login and browse the member-only sections of the site.

The registration link is: https://lambiancenaples.com/registration

For many years, neighbors have wanted a neighborhood directory.  What is nice about this new site is that neighbors can list their contact information in the neighborhood directory.  Don’t want to be listed?  You can choose NOT to be listed or choose what information in your profile you want listed when you register. You can even post a photo of yourself in your profile! In the upper right hand corner of the site, you’ll even find a link to our LAmbiance Facebook page.  Just click on the white f to be taken to the Facebook site.

Would you like to give feedback on our site?  Once you are registered, you can click on the CONTACT US button on the site. Where it has SEND TO, click on the drop down menu and select WEBSITE QUESTIONS.  You can also comment at the bottom of this blog post and I will make sure the website committee receives your comments.  Your comments and suggestions are always appreciated!

What’s happening in the real estate market?  I’m saving my thoughts for another blog entry as it is just too much to type.

Hope you are all having a wonderful summer!

If you own in L’Ambiance, have you joined our L’ Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.

If you are thinking of selling your L’Ambiance unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in L’Ambiance. I’d be happy to discuss not only the pricing in L’Ambiance but the pricing for low-rises in Pelican Bay and condos in Naples to see how your unit fits into the equation.

Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.comand I will add you to the subscription list. Please know that I keep our e-mail address private.

Please note that I receive not compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 40 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wiber via e-mail at Lynn@NaplesBuys.comor call 239-594-2780.

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Top 10 Threats to Real Estate in 2019

Posted June 22, 2018 by pelicanbayexpert
Categories: Uncategorized

LAmbiance – Pelican Bay – Naples, FL – Now that season is over I have had more time to read some of my trade e-magazines. I thought you might find this article as interesting as I did:

The Counselors of Real Estate reveals its 2018-2019 list of the biggest challenges facing the housing market.

Source: Top 10 Threats to Real Estate in 2019

If you own in L’Ambiance, have you joined our L’ Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.

If you are thinking of selling your L’Ambiance unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in L’Ambiance. I’d be happy to discuss not only the pricing in L’Ambiance but the pricing for low-rises in Pelican Bay and condos in Naples to see how your unit fits into the equation.

Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.comand I will add you to the subscription list. Please know that I keep our e-mail address private.

Please note that I receive not compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 40 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wiber via e-mail at Lynn@NaplesBuys.comor call 239-594-2780.

YouTube | Linkedin | Twitter | Facebook | Reviews | Lambiance on Facebook

Starting Up a Vacation Rental Business? Here are 10 Mistakes to Avoid

Posted June 18, 2018 by pelicanbayexpert
Categories: Uncategorized

LAmbiance – Naples – FL – I ran across this article this morning and thought the author gave some good advice for handling vacation rentals. If you are renting your LAmbiance unit, I hope you find this article helpful.

Source: Starting Up a Vacation Rental Business? Here are 10 Mistakes to Avoid

If you own in L’Ambiance, have you joined our L’ Ambiance in Pelican Bay Facebook page yet? It’s a great source to ask questions and to get information. Just click here —> LAmbiance in Pelican Bay. Because I am keeping this a private page, you’ll be asked to answer a couple of questions so I can approve you on the page.

If you are thinking of selling your L’Ambiance unit, please call me before you do any major remodeling. I’d be happy to discuss current market conditions and give you selling tips. I have a list of buyers who are looking for specific units in L’Ambiance. I’d be happy to discuss not only the pricing in L’Ambiance but the pricing for low-rises in Pelican Bay and condos in Naples to see how your unit fits into the equation.

Would you like to subscribe to L’Ambiance updates? E-mail me at Lynn@NaplesBuys.com and I will add you to the subscription list. Please know that I keep our e-mail address private.

Please note that I receive not compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in L’Ambiance in Pelican Bay. Her 40 years of real estate experience and her area expertise have been valuable resources to LAmbiance Sellers and Buyers. For more information, please contact Lynn Wiber via e-mail at Lynn@NaplesBuys.com or call 239-594-2780.

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