Bay Watch Magazine | Property Values

BayWatch Magazine - Property Values | December 2021 “How is the real estate market?”  We hear this question often, but this fall as folks return to Bonita Bay the individual asking the question has a gleeful look on his or her face.  The Bonita Bay real estate market is soaring. As of this writing, the S&P/Case Shiller U.S. National Home Price Index is up 19.7 for the previous twelve months.  In Bonita Bay, prices are similarly up in all categories, and we’ve seen some eye-popping transactions.  A first floor Harbor Landing coach home just sold for $567,000.  A second floor Hamptons ...
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Bay Watch Magazine | Property Values

BayWatch Magazine - Property Values | November 28, 2020 It seems like the last time we had the joy of reading an issue of Bay Watch magazine, toilet tissue supply was plentiful, it was understood The Masters Tournament takes place in April, and we could come and go visiting friends, enjoying in-restaurant dining and more. But since then so much has clearly changed. 2020 has been crazy, Covid-19 being the primary culprit. (Oh yes, we did have an election too.) But the virus shut down our lives and the recreational “season” and it certainly shut down the real estate “season” too….but only bri...
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Bay Watch Magazine | Property Values

BayWatch Magazine - Property Values | December 1, 2019 Over the years, we’ve seen that our real estate market can change on a dime.  This pertains to both Southwest Florida as a whole, and Bonita Bay, specifically.  Just in time for season, perhaps this is happening again.  There was a small flurry of sales in Bonita Bay in the third quarter of 2019, a time of year that had been historically quiet in years past.  It leaves us with what feels like an active market. As we near the New Year, we are reminded that every season is a story unto itself in terms of Bonita Bay real estate.  And wh...
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BayWatch Magazine | Property Values

BayWatch Magazine - Property Values  |  January 1, 2019 There are only a certain number of homes that will sell in any given period of time, in any given market, in any given price range. What are the odds that my home will be one of them? If I want to sell my home I have to “look at the comps”, as it is said. What are comparable properties selling for and what else is for sale? If the comps support my asking price, that is great. But let’s say I live in a condo or subdivision where on average 5 homes sell each year and there are presently 10 for sale. If in the next year 5 of these home...
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BayWatch Magazine | Property Values

BayWatch Magazine - Property Values  |  January 1, 2018 The Real Season Begins Welcome back to Bonita Bay!  The holiday season has come to an end and now the real ‘season’ begins!  The season for this idyllic weather and the peak time of year for real estate activity. Every real estate season takes on a tone and life of its own, so what will happen in 2018?  Well let’s take a look at what we are working with.  There are presently 103 resale properties for sale, 24 pending sales, and there were 13 closed sales in the last 60 days.  By comparison, at this moment in 2016 there were 106 r...
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BayWatch Magazine | Property Values

BayWatch Magazine - Property Values  |  January 1, 2017 Wherever we go people are continually asking us, “What is the real estate market like right now? “  They are curious to know what properties are selling, be they high rises, villas, single family homes, condos, what prices are like, what the activity is like, etc. We enjoy having these conversations with friends and clients, but today we wanted to provide some pertinent information and a glimpse into the data and numbers available from the local Multiple Listing Service (MLS).  Below are some figures that will provide many answers t...
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The Psychology of Buying and Selling a House

WSJ.com: The Psychology of Buying and Selling a House. │ June 12, 2016 It’s a fact of life: Homes come with far more emotional weight than any other investment we make. A home is a refuge from the world, a place to raise a family and, for some people, an investment they hope will bring them a good chunk of money down the road. We fall in love with houses in a way that we never fall in love with a portfolio of stocks and bonds. All too often, though, we don’t realize that how we feel about homes blinds us when it comes time to buy or sell. We let our emotions blind us to cold facts abo...
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SWFL Ranks Low For Best Places to Buy Rental Homes

Naples Daily News - SWFL Ranks Low For Best Places to Buy Rental Homes. │ April 1, 2016 For investors, the bloom is off the orchid when it comes to buying rental homes, a new report said. "Southwest Florida is past its prime when it comes to acquiring single family homes as rentals," said Daren Blomquist, vice president of RealtyTrac, which released a report Thursday ranking the best places to buy residential rentals nationwide in this year's first quarter. Using government data and its own databases, the Irvine, California-based research company ranked counties nationwide based on th...
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Prices Up But Sales and Choices Down in Collier County

Naples Daily News - Prices Up But Sales and Choices Down in Collier County. │ March 18, 2016 For beleaguered buyers, there's good news: Choice is coming back to the housing market. After months of tight supply, overall resale inventory rose 27 percent in February, to 5,577 homes from 4,406 homes a year earlier, according to the Naples Area Board of Realtors. Click to Read More
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Bonita Bay Property Values

BayWatch News │ February, 2016 Issue As you read this BayWatch issue our season is in full swing.  Regarding real estate, it is well documented that inventory is more limited than in years past.  2015 proved to be very fast and furious with sales accelerating, homes being on the market for far fewer days before selling, and according to the local Multiple Listing System’s statistics more properties selling for more than the asking price than in any year since 2005.  But would you believe that the inventory of 2016 mirrors that of 2015? When many of you left town this past spring, invento...
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