Robert's Realty News January 2019
(239) 293-3592
A Busy November 2018
By Robert L. Nardi
 H ome sales in November increased by double digits across every price category resulting in an overall increase of 24 percent compared to November 2017. Median closed prices decreased for homes under $1 million in November and inventory rose 12 percent to 5,971 homes, according to the November 2018 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). The $0 to $300,000 single-family home market had the most impressive activity in November where inventory rose 38 percent and closed sales increased 30 percent compared to November 2017. This section of the market also saw its median closed price hold steady at $250,000.

The NABOR® November 2018 Market Reports provide comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The November 2018 NABOR® sales statistics are presented in chart format ( CLICK HERE).

Collier’s housing market in November had some interesting pockets of activity. For example, median closed prices decreased 19 percent in the Naples Beach area (34102, 34103, 34108); but increased 12 percent in the North Naples area (34109, 34110, 34119). There was a 90 percent increase in closed sales of condominiums in East Naples (34114, 34117, 34120, 34137), which brokers attribute to an increase in new construction of townhome developments east of Collier Boulevard. And single-family homes in Central Naples (34104, 34105, 34116) sold the fastest with an average 66 days on the market from listing to closing.

My Thoughts…

It appears that we’ve made quite a recovery from Hurricane Irma last year.   The lower priced condominiums and homes under $300,000 are selling quickly.   My biggest concern is new inventory.   If we have Buyers searching in this range, there is very little new construction in Collier County.   The upside is resales.   Sellers with resales in this price range will most likely sell quicker than if they had a higher sales price then $300,000.   It is just convincing Buyers to paint, put new carpet in and do some other updates.  

The December statistics are not out yet, but during the month of December, I saw a slow-down compared to November.   I believe that this slow-down was due to the erratic stock market, the threat of our government shut down and of course the holidays.   It will be interesting to see what those statistics indicate next month.

Get out of the Cold!

Season is upon us and we still have some great rentals available.   If the cold gets to be too much for you, please contact me via e-mail or by phone 239-293-3592.   Why shovel snow and endure the cold when Southwest Florida has so much to offer for the winter?

Wishing you and yours a very Healthy & Happy New Year!   Welcome to 2019!

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Research from the University of Scranton has found that 36 percent of people give up... Read More
Home Prices, Inventory Levels, and Sales All Make Improvements

According to the National Association of Realtors (NAR), the nation's housing inventory fell from 1.88 million homes in September to 1.85 million in October. However, this was an increase from the 1.8 million homes that were on the market a year ago. This increase in year-over-year inventory is a welcome sign for a housing market that has been plagued by inventory shortages for... Read More
Popular Home-Design Trends for 2019

If you're wondering what's popular this season, check out these five trends as described by Better Homes and Gardens:

Black Trim Is In
People used to go for wood or white when it came to choosing trim, especially around the windows. The style has now shifted to more people selecting deep shades of black. They're not limiting it to the windows... Read More
Five Ways to Add Style and Character to Your Kitchen

A welcoming and comfortable kitchen is the heart of a happy home. If you've spent time and money on a remodel but still feel something's missing, a few final touches that add extra character and style can make all the difference. Here are five simple and affordable ways to make your kitchen a room that you'll love to spend more time in.

Glass Jars and Containers
Open shelves filled with glass jars provide a fantastic-looking storage solution. Fill clear jars with dried beans, grains, or pasta for a rustic effect. Smaller colored-glass jars filled with herbs and spices are an attractive addition... Read More
No Green Thumb? Try These Houseplants

The houseplants of the 1970s are making a comeback. You can see them hanging in macramé planters from the ceilings of the hippest homes. Their large, dark green leaves make the perfect decorating statement. As an added benefit, they purify the air while giving you more oxygen to breathe in your home.

If you don't have a green thumb, this new trend might make you somewhat nervous. Don't worry. If you choose wisely, you too could successfully raise a plethora of houseplants.

Here are some favorite houseplants that don't mind if you... Read More
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Robert Nardi  -  (239) 293-3592 Robert's Realty News  -  January 2019 

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Robert Nardi, Nardi Realty, 3400 Tamiami Trail N. Suite 103, Naples FL 34103
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