Home Prices Hold Steady in July

Home Prices Hold Steady in July

While much of America grapples with unfamiliarly high interest rates that have stalemated the resale home market, broker analysts reviewing the July 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), point to data that shows home sales activity in Naples has remained steady for the past year despite several interest rate increases. Yet, even as cash sales for homes in Naples decreased from 66.7 percent in January to 53.5 percent in July, the overall median closed price of homes in the first seven months of 2023 has continued to increase compared to most months in the first seven months of 2022. “Activity for our area has flatlined compared to last year, but it is still…
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Celebrating Susan’s Remarkable Career: A Memorable Retirement Party

Retirement is a significant milestone in one's life, marking the end of a dedicated professional journey and the beginning of a new chapter. Recently, our company bid farewell to Susan Gutknecht, a remarkable employee who retired after years of exceptional service. To honor her invaluable contributions and express our gratitude, Access Title Agency hosted a joyous and memorable celebration. Susan's tenure with our company has been amazing. Over the years, she consistently demonstrated unwavering dedication and professionalism. She has left an indelible mark on our organization. Susan's expertise and knowledge have been invaluable assets, making her an irreplaceable member of our team. The retirement party held in Susan's honor took place at Coopers Hawk in Naples, where attendees enjoyed signature wines, cocktails and delicious food. As the evening progressed, a…
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July Bonita Springs-Estero Real Estate Update

Comparing July 2023 to July 2022, new listings are down, closed sales down, days on market up median prices are up, while average sales price is up for single family homes in the Bonita Springs Estero market. The same is true for condo sales. Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend comparing the percent changes in sales rather than the number of sales. Closed Sales (and many other market metrics) are affected by seasonal cycles, so actual trends are more accurately represented by year-over-year changes (i.e. comparing a month's sales to the amount of sales in the same month in the previous year), rather than changes from one month to the…
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Royal Palm Coast Annual Trade Show – A Night at the Movies

Coming this October! RPCRA’s Annual Trade Show at the Suncoast Credit Union Arena at FSW on Wednesday, October 12 from 4 to 7 PM. Experience at “Night at the Movies” with 85 fun filled vendor booths, a full-service cash bar, appetizers, prizes and more! Mark your calendars now! This is an event you won’t want to miss!
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Understanding The Proposed Tax Notice – TRIM

In 1980, the Florida Legislature passed the Truth in Millage (TRIM) Act. This law is designed to inform taxpayers which governmental entity is responsible for the taxes levied and the amount of tax liability taxpayers owe to each taxing authority. The property appraiser sends this information, known as the TRIM notice, to the property owner. Truth in Millage establishes the statutory requirements that all taxing authorities levying a millage must follow, including all notices and budget hearing requirements. The TRIM requirements also provide for maximum millage levies for counties, municipalities, and independent special districts. These requirements are prescribed by chapter 200 of the Florida Statutes. The Property Appraiser’s Office studies the real estate market and reports what has happened to property values. The property tax is the backbone of local government…
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FMB Strong – An Interview with Erin Beasley of Access Title

In an effort to rebuild the community, Erin Beasley, teamed up with Eliza Aguilar in efforts to try to get donations to resources to the right places, whether it be food, water, a homeless situation, or even mental health assistance. Donations and supplies can be donated by going to FMBstrong.org. Watch the video to learn more.
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Why We Love Where We Live

https://youtube.com/shorts/6Pn9vCWd4Z0 Hello readers! In this segment of Why We Love Where We Live, we take you to Universal Studios Orlando. It is the perfect weekend getaway for Florida residents for thrilling rides and attractions, to immersive experiences and entertainment. This world-renowned theme park offers an unforgettable escape right in our own backyard. Universal Studios Orlando has many thrilling rides and attractions that cater to all ages and interests. Whether you're a fan of adrenaline-pumping roller coasters like The Incredible Hulk Coaster or prefer immersive experiences like Harry Potter and the Forbidden Journey, there is something for everyone. The park's iconic attractions, such as Transformers: The Ride 3D and The Revenge of the Mummy, provide heart-pounding excitement that will leave visitors wanting more. Universal Studios Orlando is home to The Wizarding…
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SW Florida Beach Fun

Southwest Florida, blessed with a mesmerizing coastline along the Gulf of Mexico, is a haven for beach enthusiasts. With its soft sands, warm waters, and captivating sunsets, SWFL's beaches are adored not only by tourists but also by the passionate residents who call this coastal paradise home. These sandy treasures hold a special place in the hearts of SWFL residents, who cherish the unique features and attractions of each beach. Fort Myers Beach - The Lively Retreat: Fort Myers Beach epitomizes the vibrant spirit of SWFL's coastal living. The welcoming atmosphere and the numerous beachfront restaurants and shops make it a beloved destination for social gatherings and memorable moments. The residents of Fort Myers Beach take immense pride in their community's rich history, local traditions, and natural beauty. They are…
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Smooth Closing Process: Key Considerations for Realtors as the Closing Date Approaches

When the closing date approaches, there are several important pieces of information that realtors should keep in mind. Here are some key considerations: Confirm the Closing Date: Ensure that the closing date agreed upon by both the buyer and the seller remains unchanged. Any amendments or adjustments should be communicated promptly to all parties involved, including lenders, attorneys, and title companies. Coordinate with Lenders: Stay in touch with the buyer's lender to ensure that the financing process is progressing smoothly. Address any potential issues that may arise, such as additional documentation requirements or appraisal delays. Inspection and Repair Requests: If the closing is contingent upon repairs or inspections, ensure that the necessary work has been completed and any requested documentation is readily available. Verify that the repairs meet the buyer's…
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Closed Sales Down in Naples from Year Ago

Broker analysts reviewing the June 2023 Market Report by the  Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), believe a surge in summer travel contributed to the reduction in home sales in Naples during June. The report showed a 13.6 percent decrease in overall closed sales for the month to 837 closed sales from 969 closed sales in June 2022. Though the dip in closed sales appears temporary and may not linger into July’s closed sales data as overall pending sales (homes under contract) in June increased 0.8 percent to 800 pending sales from 794 pending sales, and June’s showings increased slightly from showings reported in June 2022. Fortunately, slow sales in June did not impact home prices as the…
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