Naples Housing Inventory on the Rise

According to the November 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), there were 552 overall closed sales in November, which is a 41.4 percent decrease from 942 closed sales recorded in November 2021. The post-pandemic home buying surge that took place when mortgage rates were historically low has ended. Housing inventory in Naples is on the rise but remains low at just 2.8 months of inventory reported in November (a balanced market has a six-month supply of inventory). As expected, the limited inventory environment in Naples is restricting sales and increasing prices. Though broker analysts reviewing the report pointed out that cash sales accounted for 62.3 percent of closed sales in November; it is…
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Hurricane Ian Failed to Upset Naples Housing Market’s Resilience

Hurricane Ian Failed to Upset Naples Housing Market’s Resilience

The impact of Hurricane Ian, as witnessed on the last two days of September, is not reflected in the September 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Given this, September’s data showed a predictable pattern of slow closed and pending sales with a slight increase in inventory, which is traditionally the case in historically stable Septembers. While the report captured activity prior to Hurricane Ian’s arrival, broker analysts who reviewed the report on October 18th are confident Naples’ recovery will be swift and the resiliency of its home values will be protected. “There is indeed significant loss, yet the full scope of [the hurricane’s] impact was limited to a specific area along the coast…
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Bonita Springs-Estero Real Estate Trends August

Bonita Springs-Estero Real Estate Trends August

Bonita Springs - Estero real estate trends continue their upward in pricing, while the number of sales continue downward. The median sales price for single family homes comparing August 2021 to August 2022 is up 31.8%, while the average sales price is up 46.1% in the same comparative. Median condo sales comparisons show a 23.1% increase over the same time period, while the average condo sales price is up 27% View entire report
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Brunch and Learn State of the Economy Recap

Access Title Agency and The Mortgage Warehouse partnered to co-host a “Brunch and Learn” featuring Dr. Amir B. Ferreira Neto, PhD, Director of Florida Gulf Coast University’s Regional Economic Research Institute. Thank you to everyone who attended. The event was a great success and attendees were updated on the state of the economy. This information was timely in today’s shifting real estate market. We appreciate everyone who was able to attend. Access Title Agency was to make a donation to the Florida Gulf Coast University Regional Economic Research Institute. For those of you who missed the event, we have included a link to the presentation. Here’s an article on the discussion for additional insight. https://www.naplesnews.com/story/money/business/local/2022/08/05/no-recession-sight-southwest-florida-economist/10223212002/ We have also included a link to an article that can help Realtors prepare for…
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Welcome Helen Defaira

Welcome Helen Defaira

[caption id="attachment_1886" align="alignleft" width="200"] Helen Defaira Ft. Myers Office[/caption] Access Title Agency welcomes Helen Defaira to the team! Helen has a background in retail sales. She has joined our Fort Myers Beach branch and is helping to centralize our order entry processes for the Lee County offices. She is very excited to become part of the title insurance industry and is looking forward to growing in her role. Helen will usually be the first point of contact in a transaction.  She is very friendly and will go the extra mile to help get your transaction going.
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August Report Shows a Healthy Housing Market

August Report Shows a Healthy Housing Market

Indications that the Naples area housing market is transitioning to a balanced market became more evident during August as both inventory and days on the market increased. According to the August 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), overall inventory increased 71.3 percent to 2,140 properties from 1,249 properties in August 2021. Of the homes on the market during August, 35.8 percent of them (766) experienced a price decrease and the overall list price received for the month slipped slightly to 96.4 percent from 99.2 percent in August 2021. Broker analysts say these factors are attributed to seller and buyer behaviors that resemble a healthy market environment. While overall closed sales for August decreased…
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How to Read Your Trim Notice (from the property appraiser)

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…
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Meet Elianne Onoz at Access Title Agency

Meet Elianne Onoz at Access Title Agency

[caption id="attachment_1711" align="alignleft" width="400"] Elianne Onoz[/caption] Elianne Onoz was born on the lovely island of Cuba just 90 miles south of Florida. When she was eight years old her family moved to the U.S. and made Florida their forever home. In the spring of 2014, right after college, she married her best friend and started her beautiful family. Elianne has three precious daughters full or personality, who drive her completely crazy, but give her the drive, motivation and strength to be a better human each day. In 2018, she developed an interest in real estate and received her Florida Sales Associate License. Elianne is a goal driven, disciplined and dedicated individual, constantly improving through learning something new and challenging herself. During her time as a realtor, Elianne became a top…
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