OCTOBER 2008 Newsletter
In spite of the sluggish economy, the Henning Team has sold eleven properties since the beginning of the year 2008. Nine of those sales were in our favorite community…. NAPLES LAKES, and occurred in the last six months. If you, or someone you know, have questions about real estate, please give us a call. With over 80 sales in NLCC, we are your neighborhood realtors, with the knowledge and experience to assist you with your personal real estate decisions in a temperamental real estate market.
Since the stock market is experiencing severe lows, AIG ‘s downfall, Lehman Brothers and Wachovia buyout, etc. there is not a great deal of “good” economic news these days. However, on the positive side, with the government’s bail-out program of $700 billion, the Feds cutting the interest rate by .5%, gas prices reaching a new low of $3.40 a gallon, banks still lending money and at rates under 6%, we’re optimistic about the coming real estate season. One of the expectations of the bailout is that it will provide a floor for real estate to diminish, if not halt foreclosures. Economists indicate we have reached bottom in the residential market, and prices have stabilized in southwest Florida. The nation, and Naples in particular, are showing signs of a favorable rebound, with pending home sales up 7.4% nationally (which is over 8% higher than a year ago). This is largely due to improved affordability and low interest rates as well as investors who are finding that real estate is a better long-term investment than the stock market. Naples pending sales figures have increased monthly and are above the totals reflected in ’06 & ’07. Marco Island’s monthly amounts are equal to or greater than the same months in ’06 & ’07.
Money Magazine ranks Collier County the 4th best place in the United States to live for long-life expectancy. The average expected age is almost 81 years. Montgomery County in Maryland was rated #1.
House Bill 601 was just enacted that allows the Association of a condominium to require owners to show proof of insurance annually. If the owner fails to provide insurability, the Association may purchase insurance on the owner’s behalf and access the unit owner the cost. This was a result of many units going un-repaired after recent storms due to lack of insurance.
RENTALS To assist those people who wish to rent their home in the area, following are available units for the coming season. If you know of anyone looking to rent a unit in Paradise this season, just have them call the owner at the number listed, and make their own rental deal.
| The following are all in Naples Lakes CC, which has the Palmer Signature Golf Course, club house, tennis, fitness center. All units have at least a 1- car garage and are turnkey furnished. |
| 1,497sf 2/2 Condo looking over 15th tee and green |
CONTACT --248-465-0474 |
| 1,772 sf 3/2/den Condo looking over the 17th fairway |
CONTACT --810-220-2970 |
| 1,772 sf 3/2 Condo looking over the 17th fairway |
CONTACT --847-995-0826 |
| 2,063 sf 2/2/den Coach home looking over the 18th |
CONTACT --630-495-4770 |
| 2,030sf 2/2/den Coach home looking over lake |
CONTACT --734-812-8915 |
| 2,184sf 3/2 Carriage looking over 1st fairway and green |
CONTACT --239-774-1914 |
| 1,908sf 3/2 Carriage looking over the 10th green |
CONTACT --262-695-0606 |
| 1,672sf 2/2/den Carriage looking over 11 fairway |
CONTACT --810-845-6721 |
| The Enclave of Naples – |
| 1,380sf 3/2 overlooking lake–pool, fitness and racquetball |
CONTACT --239-732-6660 |
REMEMBER…if you need assistance or have questions about your investment in Paradise or any other property in the area, please give us a call at 239-793-6493. We will be happy to provide any information you may need when making a Real Estate decision. And, do not forget to visit – and make part of your favorites – our website at www.naplesgolf-marcobeach.com where you can find all types of information including a nationwide MLS plus Naples Lakes active listings updated weekly. |
