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7th Annual Halloween Spooktacular

7th Annual Halloween Spooktacular

October 31, 2017

Mark your calendars for the 7th Annual Halloween Spooktacular! Costume contests, live music, games, street dance, spooky movies, Trick or Treating, and so much more! This fantastic event attracts more than 30,000 folks to 5th Avenue South. If you are interested in participating as a vendor, school, or charitable organization, or if you would like to be a sponsor, please contact the Fifth Avenue South Office at 239.692.8436.

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Big Cypress Gallary 3rd Annual Fall Festival

Big Cypress Gallary 3rd Annual Fall Festival

October 28 -29, 2017

Clyde, Nike, and the Big Cypress National Preserve rangers invite you to the Big Cypress Gallery Saturday and Sunday from 9:00am-5:00 pm for their 3rd Annual Fall Festival. This event is open to the public. For more info, click here.

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Hydroflight World Championship

Hydroflight World Championship

October 27-29, 2017

Daring HydroFlyers will fly 50-feet or more in the air at extreme speeds during the HydroFlight World Championship October 27th through 29th at Sugden Regional Park in Naples. The event is free for spectators.

Personal watercraft provide the power to shoot water through hoses attached to the riders via flyboard or jetpack, allowing them to dive into the water or fly high in the air. Watch stunning aerial displays during this exciting competition. For more info, click here.

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New Year’s Eve Fireworks

New Year’s Eve Firework

December 31, 2016

Find a spot anywhere along Naples Beach for the annual New Year’s Eve fireworks, blasting off from Naples Pier. Most area boat sightseeing tours offer passage to watch the fireworks from the water vantage point. Advance reservations are required for boat excursions. For more info, click here.

 

 

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Fort Myers River District Holidays

Fort Myers River District Holidays

November 26, 2016 – January 8, 2017

Experience the magic of Old Florida Yuletide cheer as only the charming Fort Myers River District can do. Visit over 25 locally owned shops and boutiques, 50 restaurant and entertainment venues, and more than 20 art and activity destinations.  See how historic downtown Fort Myers transforms into a Floridian winter wonderland unlike any other destination in the state. From sunrise to sundown, there is always something to do in the River District. For more information, click here.

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Gulf Shore Boulevard Real Estate Market Report – First Quarter 2016

Gulf Shore Boulevard Real Estate Market Report – First Quarter 2016

QUARTERLY NUMBER OF CLOSED SALES

  • The number of closed sales declined on the beachfront and bayfront from first quarter 2015, down 26% on the beach (50 vs. 37) and 48% on the bay (27 vs. 14).
  • Gulfside posted the highest number of sales on either side of Gulf Shore Boulevard with nine closings in the building.

Gulf Shore Blvd Q1 Market Report 2016.indd

Gulf Shore Blvd Q1 Market Report 2016.indd

QUARTERLY AVERAGE SALES PRICE – CLOSED SALES

  • Average sales price for properties on the beach was up substantially from $1,501,000 during first quarter 2015 to a record high of $1,904,300 during Q1 2016. This average was impacted by five closings above $3,000,000 each, and one in Le Rivage above $7,000,000.
  • Average price for bayfront condominiums closed during the quarter increased 12% to $550,721, up from $496,670 for Q1 2015.

Gulf Shore Blvd Q1 Market Report 2016.indd

Gulf Shore Blvd Q1 Market Report 2016.indd

QUARTERLY AVERAGE PRICE PER SQUARE FOOT – CLOSED SALES

  • Average price per square foot increased 29% on the beach to $795 psf, up from $617 psf in Q1 2015.
  • Average price per square foot on the bay during the first quarter was $438, a 20% increase over the same period in 2015.

Gulf Shore Blvd Q1 Market Report 2016.indd

Gulf Shore Blvd Q1 Market Report 2016.indd

At the end of the third quarter there were a total of 29 bayfront condominiums for sale, up from 19 available properties a year ago. Beachfront inventory increased from 60 units at the end of Q1 2015 to 104 at the end of the first quarter 2016. This follows the trend of increasing inventories in most segments across the market.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2016 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.”

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We’re ready for the TRID rules!

At 5 p.m. EST June 17, the Consumer Financial Protection Bureau issued a statement that the effective date for the TILA-RESPA Integrated Disclosure (TRID) rules would be pushed back to Oct. 1, 2015.

CFPB Director Richard Cordray said in a prepared statement: “The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until Oct. 1, 2015. We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks. We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time.”

Rainier Title has been working towards the TRID implementation for over a year and felt prepared for August 1st. However, with the proposed delay we will be taking this opportunity to continue our education and training of TRID. While we believe that we have been proactive and ready for this change, there are still so many unknowns that will have to be addressed at the time of implementation. The industry should still prepare for 45-60 days for transaction to close due to the new timing parameters of the forms.

We’re working hard to be ready for all changes!

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Real Estate Roundup

Active Home-Building Industry Will Lead to More Demand for Warehouse Space

Strong consumer spending and the rise in housing construction activity are currently the prime factors for the incredible rebound of the U.S. industrial real estate sector, and experts say as home buying continues to increase, so will demand for warehouse space. — From NRE Online

To Buy or Not to Buy: That Is the Developer’s Question

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Naples Florida Real Estate Market News April 2015

Naples Florida Real Estate Market News – April 2015

 

12 MONTH COMPARISON AS OF April 30, 2015

Monthly Report APRIL 2015 new colors.indd

12 MONTH COMPARISON AS OF APRIL 30, 2015

Monthly Report APRIL 2015 new colors.indd

 

CLOSED SALES

  • Past 12 Months closings were 13,455 vs. 13,253 for 2014 reflecting a level demand. Monthly closings were up slightly from April 2014 with year-to-date
    closings consistent with last year.
  • Closed sales above $2,000,000 were consistent with last year on a month-by-month basis. Year-to-date, the sales pace is slightly higher moving from
    186 sales in 2014 to 192 sales in 2015. For the past 12 months, 445 sales occurred in this price range vs. 399 in the prior 12 months, an 11.5% increase.

NEW LISTINGS/INVENTORY

  • Listing inventory in April decreased 2% year-over-year from 5,030 in 2014 to 4,918 in 2015. In the past 12 months, a total of 18,480 new listings were added to the market, a similar number to the prior 12 months.
  • Pending sales in April decreased 12% year-over-year from 2,880 in 2014 to 2,542 in 2015.
  • The current 12-month rolling weighted average list price is $611,439 vs. $528,814 for the prior 12 months, a 16% increase in seller price expectations.
  • The current 12-month rolling weighted median list price is $330,445 vs. $282,694 for the prior 12 months, a 17% increase in seller price expectations.

 

AVERAGE SALES PRICE

  • Weighted average pricing in April 2015 increased 3.2% year-over-year from $524,782 in April 2014 to 541,649 in 2015.
  • The weighted average pricing of sales over $2,000,000 increased 7.7% based on a rolling 12-month period ending in April 2015 vs. the prior 12 month period.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2015   Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.”

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Naples Florida Real Estate Market News – January 2015

Naples Florida Real Estate Market News – January 2015

 

LISTED, PENDED, CLOSED YEAR TO DATE JANUARY 2015

Market Report JAN 2015.indd

LISTED, PENDED, CLOSED MONTH OF JANUARY 2015

Market Report JAN 2015.indd

BREAKDOWN BY PRICE CATEGORY YEAR TO DATE JANUARY 2015

(This chart shows the percentage of the market represented by each price segment).

Market Report JAN 2015.indd

CLOSED SALES

  • The number of closed sales during the past 12 months continues to show a gain over prior year even though sales in the month of January slowed
    from the January 2014 level.
  • The number of January closings is the second highest on record for the month (2000 – 2015).
  • The number of closings in the past 12 months priced above $2 million outpaced all other price categories with a 25% increase over prior year.
 PENDED SALES
  • January pended sales in Naples remained approximately the same as 2014 (down less than 2%) while Bonita/Estero pended sales declined 11%.
  • January pended sales is the second highest on record for the month, exceeded only by January 2014, which replaced January 2005 as the new high
    for the month.

NEW LISTINGS/INVENTORY

  • On February 1, 2015, available inventory in the combined Naples, Bonita Springs, Estero market stands at 5,380 units (2,353 condominiums and
    3,027 single family homes). This is a 9% decrease from February 1, 2014 and represents a 4.9 month supply based on closings for the past 12
    months (supply on this date 2014 was 5.8 months).
  • In Naples, the supply of condominiums decreased 18% while the number of available single family homes increased by approximately 5%. In
    Bonita/Estero both condominium and single family home supplies decreased, with condominiums down 27% and single family homes down 7%.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2014 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.”