The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for thirty-year mortgages remained relatively steady last week. Last week’s rate was 5.07%, up slightly from 5.06% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com®. Meanwhile, rates for 15-year fixed mortgages rose to 4.72%, up from 4.68% and 5-1 adjustable rate mortgages decreased substantially, down to 4.38% from 4.47% the week prior.
Mortgage Type Average Rate Average Rate % Change
Week ending Week ending
4/26/09 4/19/09
30-year fixed 5.07% 5.06% 0.2%
15-year fixed 4.72% 4.68% 0.7%
5-1 ARM 4.38% 4.47% -2.2%
Rates for 30-year fixed purchase mortgages fell even further, with the average rate on Zillow Mortgage Marketplace at 4.97%.
Thirty-year fixed mortgage rates varied by state. New Jersey mortgage rates and Pennsylvania mortgage rates increased the most, up from 5.05% to 5.09% in New Jersey, and from 5.03% to 5.07% in Pennsylvania. Georgia mortgage rates (4.99%) and Florida mortgage rates (5.01%) were the lowest in the country, while Ohio mortgage rates (5.17%) were the highest. California mortgage rates were the most requested among all states. Source: RISmedia.com
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Wednesday, April 29, 2009
Tuesday, April 28, 2009
RPX Monthly Housing Market Report Shows Sales Picking Up
The spring home buying season appears to be out in full force, despite the beleaguered economy. Home sales are up in most markets, and prices are even trending up in some areas as well. It still is too early to call a market bottom — especially considering the potential foreclosure situation — but this appears to be a positive trend nonetheless.
Spring buying season typically starts in February, and the resulting increase in demand traditionally causes prices to strengthen, and that’s exactly what happened this February as transaction counts increased month-over-month in 22 of the nation’s 25 metropolitan statistical areas (MSAs) tracked by Radar Logic. Home prices also improved in nine MSAs, compared to just six MSAs in February 2008.
“Seasonal strength in home sales was evident in February 2009,” said RadarLogic in its RPX Monthly Housing Market Report released today. “Transactions increased…13 MSAs posted their largest month-over-month increases since 2006.”
Source: NuWireInvestor.com
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Spring buying season typically starts in February, and the resulting increase in demand traditionally causes prices to strengthen, and that’s exactly what happened this February as transaction counts increased month-over-month in 22 of the nation’s 25 metropolitan statistical areas (MSAs) tracked by Radar Logic. Home prices also improved in nine MSAs, compared to just six MSAs in February 2008.
“Seasonal strength in home sales was evident in February 2009,” said RadarLogic in its RPX Monthly Housing Market Report released today. “Transactions increased…13 MSAs posted their largest month-over-month increases since 2006.”
Source: NuWireInvestor.com
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Thursday, April 23, 2009
NABOR report indicates homebuyers are getting off of the fence
The first quarter of 2009 ended on a high note in the local real estate market, according to the latest report from the Naples Area Board of Realtors, which tracks home listings and sales within Collier County, excluding Marco Island.
NABOR agents are reporting significant increases in the number of buyers looking at residential property, indicating that realistic pricing adjustments have spurred buyers to get off the fence.
The first quarter report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
Overall home sales for properties under $300,000 saw a 113 percent increase, with 964 sales in the first quarter of 2009 compared to 452 in the first quarter of 2008. Single-family homes sales under $300,000 increased 242 percent with 510 in the first quarter of 2009 compared to 149 in the first quarter of 2008.
The overall median closed price decreased 36 percent to $237,000 for the 12 months ending March 2009 from $370,000 for the 12 month ending March 2008.
Statistics for March 2009 also showed large increases in sales. According to NABOR, over the last 12 months, home sales increased 30 percent, and the inventory in the under $300,000 single-family home market has a current 14 month supply, down from 45.6 months of inventory in March 2008.
"There is a narrow window for qualified buyers looking for homes under $300,000," says Mike Hughes, vice president of Downing Frye Realty.
Referring to an HGTV online real estate listing service that recently named Naples the No. 2 bargain homebuyer market, Bill Coffey, branch manager of Coldwell Banker Residential Real Estate, says, "Our statistics attest that statement." Source: floridaweekly.com
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NABOR agents are reporting significant increases in the number of buyers looking at residential property, indicating that realistic pricing adjustments have spurred buyers to get off the fence.
The first quarter report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
Overall home sales for properties under $300,000 saw a 113 percent increase, with 964 sales in the first quarter of 2009 compared to 452 in the first quarter of 2008. Single-family homes sales under $300,000 increased 242 percent with 510 in the first quarter of 2009 compared to 149 in the first quarter of 2008.
The overall median closed price decreased 36 percent to $237,000 for the 12 months ending March 2009 from $370,000 for the 12 month ending March 2008.
Statistics for March 2009 also showed large increases in sales. According to NABOR, over the last 12 months, home sales increased 30 percent, and the inventory in the under $300,000 single-family home market has a current 14 month supply, down from 45.6 months of inventory in March 2008.
"There is a narrow window for qualified buyers looking for homes under $300,000," says Mike Hughes, vice president of Downing Frye Realty.
Referring to an HGTV online real estate listing service that recently named Naples the No. 2 bargain homebuyer market, Bill Coffey, branch manager of Coldwell Banker Residential Real Estate, says, "Our statistics attest that statement." Source: floridaweekly.com
View Naples Beachfront Condos for Sale
Wednesday, April 22, 2009
Existing home sales hits five-year high
Sales of existing single-family homes in March were the highest recorded for a single month in the past five years, according to a report by the Realtor Association of Greater Fort Myers and the Beach, Inc.
In March, there were 1,326 existing single-family homes sold in Lee County, compared to 577 in March 2008, an increase of 130 percent. Pending sales are also up 84.2 percent year to year, with 2,019 single-family homes pending versus 1,096 a year ago.
The number of single-family homes listed on the MLS continued to decrease. At the end of March there were 9,666 active listings for existing single-family residential properties compared to 11,372 a year ago, a decline of 12.3 percent.
However, the median price is still contracting due to the influence of bankowned and short sale properties. During the first quarter of 2009, foreclosures represented 67 percent of the single-family properties sold at a median price of $70,857; short-sale properties represented 14 percent of total sales with a median price of $119,908 and traditional properties represented 19 percent of total sales with a median price of $190,000.
"No one can argue that bank-owned properties are affecting our median price; however, buyers need to realize that our market is extremely competitive and very fast paced", said Suzanne Sherer, president of the Realtor Association of Greater Fort Myers and the Beach, Inc. "Today's buyers should have their financing lined up and make their best offer, as most properties are receiving multiple offers and the competition may very well be a cash buyer."
In Collier County, overall home sales for properties under $300,000 saw a 113 percent increase, with 964 sales in the first quarter of 2009 compared to 452 in the first quarter of 2008, according to the latest report from the Naples Area Board of Realtors, which tracks home listings and sales within Collier County, excluding Marco Island. Single-family homes sales under $300,000 increased 242 percent.
The overall median closed price decreased 36 percent to $237,000 for the 12 months ending March 2009 from $370,000 for the 12 month months ending March 2008.
Statistics for March 2009 also showed large increases in sales. According to NABOR, over the last 12 months, home sales increased 30 percent, and the inventory in the under $300,000 single-family home market has a current 14 month supply, down from 45.6 months of inventory in March 2008. Source: floridaweekly.com
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In March, there were 1,326 existing single-family homes sold in Lee County, compared to 577 in March 2008, an increase of 130 percent. Pending sales are also up 84.2 percent year to year, with 2,019 single-family homes pending versus 1,096 a year ago.
The number of single-family homes listed on the MLS continued to decrease. At the end of March there were 9,666 active listings for existing single-family residential properties compared to 11,372 a year ago, a decline of 12.3 percent.
However, the median price is still contracting due to the influence of bankowned and short sale properties. During the first quarter of 2009, foreclosures represented 67 percent of the single-family properties sold at a median price of $70,857; short-sale properties represented 14 percent of total sales with a median price of $119,908 and traditional properties represented 19 percent of total sales with a median price of $190,000.
"No one can argue that bank-owned properties are affecting our median price; however, buyers need to realize that our market is extremely competitive and very fast paced", said Suzanne Sherer, president of the Realtor Association of Greater Fort Myers and the Beach, Inc. "Today's buyers should have their financing lined up and make their best offer, as most properties are receiving multiple offers and the competition may very well be a cash buyer."
In Collier County, overall home sales for properties under $300,000 saw a 113 percent increase, with 964 sales in the first quarter of 2009 compared to 452 in the first quarter of 2008, according to the latest report from the Naples Area Board of Realtors, which tracks home listings and sales within Collier County, excluding Marco Island. Single-family homes sales under $300,000 increased 242 percent.
The overall median closed price decreased 36 percent to $237,000 for the 12 months ending March 2009 from $370,000 for the 12 month months ending March 2008.
Statistics for March 2009 also showed large increases in sales. According to NABOR, over the last 12 months, home sales increased 30 percent, and the inventory in the under $300,000 single-family home market has a current 14 month supply, down from 45.6 months of inventory in March 2008. Source: floridaweekly.com
View Naples Beachfront Homes for Sale
Tuesday, April 21, 2009
The Dunes Events - Week of April 20
Here’s what’s happening at the DUNES the week of
April 20th
Plus upcoming Special Events
Please Note: Sunday Dinner in The Dining Room has ended
DUNES END OF SEASON COCKTAIL PARTY
Join us at the Tiki Bar for an EXTRA SPECIAL Happy Hour
as we say “Farewell and Thanks” to all of our seasonal friends.
Friday, April 24th
4:30 – 7:00 pm
Happy Hour Drink Pricing Until 7pm
Special Complimentary Hors d’ oeuvres
Raffle Prizes
Live music with Joey Fiato 4:30-6:30pm
v DJ 7:00-10:00 pm
DUNES FAMILY MOVIE NIGHT
Saturday, May 2nd
SHOWING OUTSIDE IN THE COURTYARD
Showtime - 8:00 pm
Complimentary Popcorn & Sodas
Please bring a chair or blanket
Featuring; The Tale of Despereaux
Rated G
***************************************************************************************************************
Mother's Day Menu
Sunday, May 10th
11:00-3:00pm
Sautéed Apple French Toast ~ 10
Cinnamon spiced apples, whipped cream, applewood bacon, home fries
Quiche Florentine ~ 11
Spinach, onions, bacon, swiss cheese, petite house salad
Plantation Scramble ~ 10
Maple sausage, cheddar cheese, home fries, wheatberry toast
Pecan Encrusted Salmon ~ 14
Pan seared, pecan crust, amaretto beurre blanc, wild rice, sautéed asparagus
Steak Frites ~ 17
Sliced beef tenderloin, garlic herb butter, citrus seasoned fries, sautéed asparagus
Shrimp Pasta Primavera ~ 20
Large Gulf shrimp, tomatoes, broccoli, garlic & fresh basil with EVOO
tossed with long fusilli pasta
Pan Seared Halibut ~ 18
Mixed micro green salad, blood orange vinaigrette, herb scented basmati, sautéed broccoli
Chicken Piccata ~ 15
Lightly floured boneless breast of chicken with a lemon caper sauce,
herb scented basmati, sautéed broccoli
Grilled Georgia Peach Salad ~ 10
Field greens, grilled peaches, candied walnuts, carrots, white balsamic vinaigrette
Fish Sandwich ~ 12
Blackened, fried or grilled on a brioche bun, caper berry tarter sauce
DUNES TIKI BAR DEALS!
MONDAYS
“All-U-Can-Eat”
Baked Lasagna & Salad
ONLY $12 per person!
Kids 5-12 yrs. $6 / under 4 free
5-8 pm
TUESDAYS
“All-U-Can-Eat”
Pepperoni, Margarita or Cheese
Flat Bread Pizza & Salad
ONLY $12 per person!
Kids 5-12 yrs. $6 / under 4 free
5-8 pm
WEDNESDAYS
“Grill Night”
Hamburgers, Hot Dogs, Chicken Breast
Garden Salad, Cole Slaw, Potato Salad, Baked Beans
$16 per person / KIDS EAT FREE!
5:30-8 pm
FRIDAYS
Happy Hour Complimentary Hors d’oeuvres,
Special Drink Prices & Live Entertainment
Featuring: Joey Fiato
4:30 pm - 6:30 pm
SUNDAYS
“Build Your Own Bloody Mary Bar”
Select from a wide variety of Vodkas, mixes, seasonings, spices
& fresh garnishes to create your own delicious Bloody Mary!
11 am - 3 pm
DUNES DINING ROOM DEALS!
HAPPY HOUR
Wednesday thru Saturday
5:00 – 6:30 pm
$5 APPETIZERS!
SUNDAY LUNCH & BRUNCH MENU
Now serving at 10:30 am!
SUNDAY DINNER
Now serving 5:00 – 9:00 pm
*******************************
************************************************
In an effort to reduce errors in member charges
we ask that you review and sign your guest checks
when dining at the Tiki Bar and Plantation Club Dining Room.
Aqua Aerobics with Bob Poindexter
Tuesdays & Thursdays
10:00am
at the Plantation Club Pool
$15.00 per class
April 20th
Plus upcoming Special Events
Please Note: Sunday Dinner in The Dining Room has ended
DUNES END OF SEASON COCKTAIL PARTY
Join us at the Tiki Bar for an EXTRA SPECIAL Happy Hour
as we say “Farewell and Thanks” to all of our seasonal friends.
Friday, April 24th
4:30 – 7:00 pm
Happy Hour Drink Pricing Until 7pm
Special Complimentary Hors d’ oeuvres
Raffle Prizes
Live music with Joey Fiato 4:30-6:30pm
v DJ 7:00-10:00 pm
DUNES FAMILY MOVIE NIGHT
Saturday, May 2nd
SHOWING OUTSIDE IN THE COURTYARD
Showtime - 8:00 pm
Complimentary Popcorn & Sodas
Please bring a chair or blanket
Featuring; The Tale of Despereaux
Rated G
***************************************************************************************************************
Mother's Day Menu
Sunday, May 10th
11:00-3:00pm
Sautéed Apple French Toast ~ 10
Cinnamon spiced apples, whipped cream, applewood bacon, home fries
Quiche Florentine ~ 11
Spinach, onions, bacon, swiss cheese, petite house salad
Plantation Scramble ~ 10
Maple sausage, cheddar cheese, home fries, wheatberry toast
Pecan Encrusted Salmon ~ 14
Pan seared, pecan crust, amaretto beurre blanc, wild rice, sautéed asparagus
Steak Frites ~ 17
Sliced beef tenderloin, garlic herb butter, citrus seasoned fries, sautéed asparagus
Shrimp Pasta Primavera ~ 20
Large Gulf shrimp, tomatoes, broccoli, garlic & fresh basil with EVOO
tossed with long fusilli pasta
Pan Seared Halibut ~ 18
Mixed micro green salad, blood orange vinaigrette, herb scented basmati, sautéed broccoli
Chicken Piccata ~ 15
Lightly floured boneless breast of chicken with a lemon caper sauce,
herb scented basmati, sautéed broccoli
Grilled Georgia Peach Salad ~ 10
Field greens, grilled peaches, candied walnuts, carrots, white balsamic vinaigrette
Fish Sandwich ~ 12
Blackened, fried or grilled on a brioche bun, caper berry tarter sauce
DUNES TIKI BAR DEALS!
MONDAYS
“All-U-Can-Eat”
Baked Lasagna & Salad
ONLY $12 per person!
Kids 5-12 yrs. $6 / under 4 free
5-8 pm
TUESDAYS
“All-U-Can-Eat”
Pepperoni, Margarita or Cheese
Flat Bread Pizza & Salad
ONLY $12 per person!
Kids 5-12 yrs. $6 / under 4 free
5-8 pm
WEDNESDAYS
“Grill Night”
Hamburgers, Hot Dogs, Chicken Breast
Garden Salad, Cole Slaw, Potato Salad, Baked Beans
$16 per person / KIDS EAT FREE!
5:30-8 pm
FRIDAYS
Happy Hour Complimentary Hors d’oeuvres,
Special Drink Prices & Live Entertainment
Featuring: Joey Fiato
4:30 pm - 6:30 pm
SUNDAYS
“Build Your Own Bloody Mary Bar”
Select from a wide variety of Vodkas, mixes, seasonings, spices
& fresh garnishes to create your own delicious Bloody Mary!
11 am - 3 pm
DUNES DINING ROOM DEALS!
HAPPY HOUR
Wednesday thru Saturday
5:00 – 6:30 pm
$5 APPETIZERS!
SUNDAY LUNCH & BRUNCH MENU
Now serving at 10:30 am!
SUNDAY DINNER
Now serving 5:00 – 9:00 pm
*******************************
************************************************
In an effort to reduce errors in member charges
we ask that you review and sign your guest checks
when dining at the Tiki Bar and Plantation Club Dining Room.
Aqua Aerobics with Bob Poindexter
Tuesdays & Thursdays
10:00am
at the Plantation Club Pool
$15.00 per class
Thursday, April 2, 2009
The Dunes - Closed Sale Report
The Dunes Luxury Condominiums, Naples, FL March 2009 Home Sales Report
Active - 102
Pending - 8
Closed - 1
Information gathered from SunshineMLS, Inc.
Search Dunes Luxury Beachfront Condos for Sale
Contact Wilhelm & Cole, Dunes Beachfront Real Estate Specialists
Info@DunesLuxuryCondos.com
The Dunes Detailed Sold Report - Click Here
Active - 102
Pending - 8
Closed - 1
Information gathered from SunshineMLS, Inc.
Search Dunes Luxury Beachfront Condos for Sale
Contact Wilhelm & Cole, Dunes Beachfront Real Estate Specialists
Info@DunesLuxuryCondos.com
The Dunes Detailed Sold Report - Click Here
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