Thursday 3 July 2008

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Naples Real Estate News



Former head of NY Realtors association comes out of retirement (BizJournals) Thu, 03 Jul 2008 18:42:21 GMT
Charles M. "Chuck" Staro, who led the New York State Association of Realtors for 40 years before retiring in January, has joined Realty USA as a licensed sales associate.



Future uncertain for Third Street Plaza, some tenants say (Naples Daily News) Thu, 03 Jul 2008 01:38:29 GMT
The discount signs printed on computer paper are in the windows of home decor store Reflections of Naples in Third Street Plaza. It’s a moving sale, the signs announce. Reflections owner Larry Harris brought in his daughter and her boyfriend to help load the truck and haul the inventory into storage until he figures out a plan. “We were so hard hit. Nobody was coming,” Harris said Wednesday ...



Collier’s property values dipped lower than expected last month (Naples Daily News) Wed, 02 Jul 2008 02:08:58 GMT
Attribute it to an ailing economy or a formerly inflated real estate market, but Collier County’s property value dipped a little lower than originally anticipated a month ago. It is not all bad news: Declines in value likely mean lower taxes for property owners.



Sold: Local real estate agency (MPNnow.com) Tue, 01 Jul 2008 18:34:30 GMT
McMillan Realty is now a division of Realty USA.



QUICK POLL (GlobeSt.com) Tue, 01 Jul 2008 17:13:35 GMT
NAPLES, FL-Westmount Realty Capital LLC, a commercial real estate investment and development firm based in Dallas, has established its first office in the Southeast.



They’ve got all the resources to rent, buy, sell (Naples Daily News) Tue, 01 Jul 2008 13:44:34 GMT
Go ahead -- mention the words “real estate” to Renee Macdonald and her daughter-in-law Ramia. But don’t expect to see frowns.



Erie County Real Estate Transactions (The Buffalo News) Mon, 30 Jun 2008 10:53:38 GMT
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending May 16.



Ave Maria founder to sell 59-acre property in North Naples (Naples Daily News) Mon, 30 Jun 2008 00:08:29 GMT
Ave Maria’s founder is selling a substantial land holding in North Naples. Tom Monaghan, the chancellor of Ave Maria University in the planned 5,000-acre town with the same name in eastern Collier County, will sell a 59-acre site at Immokalee Road and Collier Boulevard in North Naples.



What's Hot about Naples Real Estate



The Naples area real estate market had been on fire during 2004 and the first half of 2005, particularly within certain price ranges. By the summer of 2005 things began to cool, primarily as a result of sellers and brokers listing properties above market values.

The Naples real estate market was very hot during 2004 and the first half of 2005 because demand had far outpaced supply, builders of developments where caught off guard by high demand, thus behind in adding more housing to the market, investors jumping into the new construction and resell markets, and taking the properties gains (some took loses) for themselves, before ultimately passing the property onto the end user.

The Naples real estate market is very dynamic and changing rapidly. Now more than ever, it is very important that buyers work with a knowledgeable realtor that understands the market, opportunities, and developing trends.


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