http://realtormag.realtor.org/daily-news/2016/05/03/ellie-mae-debuts-millennial-tracker?om_rid=AADG2i&om_mid=_BXKP6TB9NSahW-&om_ntype=RMODaily
It is an online tool that tracks loan trends among millennials across the country and provides insight into this mammoth generation of potential home buyers.
I explored the tracker a bit and so far this year (be careful, I got addicted to playing with the tracker):
14% of loans closed in Naples/Marco were Millennials (people born from 1980-1999)
Nationwide the average loan for a Millennial is $188,502
Naples/Marco area the average loan is 236,393.
Click here for tracker!
Tuesday, May 3, 2016
First Quarter Stats
First Quarter Inventory is Reason to Smile!
Release Date: Friday, April 15, 2016
Although pending and closed sales are down, prices are increasing! Here are some stats from the Naples Area Board of Realtors!
- Pending sales down 23% overall 1st Qtr 2015 to 1st Qtr 2016
- Closed sales down 19% overall 1st Qtr 2015 to 1st Qtr 2016
- Median closed price up 8% overall 1st Qtr 2015 to 1st Qtr 2016
- Inventory up 33% overall 1st Qtr 2015 to 1st Qtr 2016
- Average DOM down 9% overall 1st Qtr 2015 to 1st Qtr 2016
Monday, May 2, 2016
Republicans vs. Democrats: Who Spends More on Home Improvements?
http://www.realtor.com/news/trends/democrats-versus-republicans-home-improvements/
It is an election year, and this is about as political as I get! The article cites a few reason why the spend is different, check out the link but here is the breakdown:
Democrats typically spent about six months researching their home improvement projects before laying out up to an average $3,417.
Republicans spent about three months looking into the changes they hoped to make on their homes and tapped out at an average of $2,194.
Report: Rents rising faster in SW Florida than in nation
http://www.naplesnews.com/business/real-estate/report-rents-rising-faster-in-sw-florida-than-in-nation-31e1e942-0188-2c3f-e053-0100007fe190-377861471.html
If you own a property that is tenant occupied, it might be time to raise the rent in Naples. The inventory is low, make sure you are getting the market value rent and increase the value of your investment.
"In the Naples metro area, which includes all of Collier County, rents rose 3.9 percent over the year in April, with a one-bedroom apartment commanding $2,080 and a two-bedroom one $3,400, the report said."
If you own a property that is tenant occupied, it might be time to raise the rent in Naples. The inventory is low, make sure you are getting the market value rent and increase the value of your investment.
"In the Naples metro area, which includes all of Collier County, rents rose 3.9 percent over the year in April, with a one-bedroom apartment commanding $2,080 and a two-bedroom one $3,400, the report said."
Gulf Coast Town Center on Auction Block
http://www.naplesnews.com/news/local/Gulf-Coast-Town-Center-on-auction-block-377802291.html
The area around the mall has grown quite a bit recently, great location & great stores! "Commercial real estate consultant Paige Rausch calls the mall “a blue ribbon” for whoever becomes its owner."
The online foreclosure sale starts at 9:00 a.m. Wednesday, May 18! Let me know if you want to get in on the action!
Sunday, May 1, 2016
Kowiachobee Animal Presrve!
http://www.kowiachobee.org
My family is currently visiting Naples this week to get out of the cold weather in Wisconsin (yes, May 1 and its still cold!!). When they visit its always fun to play tourist with them. I have to give a little shoutout to the Kowiachobee Animal Preserve. In 5 years of living here I had never heard of this place. Boy, was I happy we found this little gem out in Golden Gate Estates. When you pull in, it looks much like a farm. You start the tour by feeding some horses & a zebra, riding on massive tortoises and finish by looking at all the different tigers, lions, pumas, & panthers. Unfortunately we had to sneak out of the tour early since it was incredibly hot out and we had some toddlers having temper tantrums. I can't wait to go back and explore more!
A little disclaimer, tours are by appointment only, admission is free however they do request donations since they are a not for profit organization. Wear tennis shoes, bring water, bug spray & suntan lotion.
My family is currently visiting Naples this week to get out of the cold weather in Wisconsin (yes, May 1 and its still cold!!). When they visit its always fun to play tourist with them. I have to give a little shoutout to the Kowiachobee Animal Preserve. In 5 years of living here I had never heard of this place. Boy, was I happy we found this little gem out in Golden Gate Estates. When you pull in, it looks much like a farm. You start the tour by feeding some horses & a zebra, riding on massive tortoises and finish by looking at all the different tigers, lions, pumas, & panthers. Unfortunately we had to sneak out of the tour early since it was incredibly hot out and we had some toddlers having temper tantrums. I can't wait to go back and explore more!
A little disclaimer, tours are by appointment only, admission is free however they do request donations since they are a not for profit organization. Wear tennis shoes, bring water, bug spray & suntan lotion.
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| Only a few feet away! |
Naples is #1 Again - Happiest Place in America
http://www.msn.com/en-us/money/savingandinvesting/americas-happiest-and-most-miserable-cities/ar-BBrekyf?li=BBnbfcN#image=BBren97|25
I would say this article is accurate - interesting stat below on how fast we are growing!!
Poverty rate: 14.5%
2016 unemployment rate: 4.8%
Adult obesity rate: 18.8%
Violent crimes per 100,000: 396.2
In the Naples-Immokalee-Marco Island area, 29.3% of the population is 65 and older, making it the seventh oldest community in the country. The Naples metro area is one of many elderly communities in Florida among the happiest nationwide. The area boasts a variety of beaches, golf courses, and resorts, which are enjoyed by the area’s relatively wealthy residents. Of all area households, 8.8% earn $200,000 or more annually, more than double the 4.0% share for Florida as a whole.
While Naples-Immokalee-Marco Island has some of the most expensive real estate in the country, Americans are still relocating to the metro area at a rapid pace. Over the past five years, net migration accounted for 34,572 new residents, one of the largest such growths of any metro area in the country.
I would say this article is accurate - interesting stat below on how fast we are growing!!
Poverty rate: 14.5%
2016 unemployment rate: 4.8%
Adult obesity rate: 18.8%
Violent crimes per 100,000: 396.2
In the Naples-Immokalee-Marco Island area, 29.3% of the population is 65 and older, making it the seventh oldest community in the country. The Naples metro area is one of many elderly communities in Florida among the happiest nationwide. The area boasts a variety of beaches, golf courses, and resorts, which are enjoyed by the area’s relatively wealthy residents. Of all area households, 8.8% earn $200,000 or more annually, more than double the 4.0% share for Florida as a whole.
While Naples-Immokalee-Marco Island has some of the most expensive real estate in the country, Americans are still relocating to the metro area at a rapid pace. Over the past five years, net migration accounted for 34,572 new residents, one of the largest such growths of any metro area in the country.
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