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| Volume 2 Issue 1 |
January 2010 |
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 A Happy, Healthy and Prosperous New Year to You and Your Family! We would like to introduce our son, Mike Roller, as our newest team member. Mike graduated from Florida Gulf Coast University with a BA in International Business and Marketing. He has been working as a Realtor for more than two years and is a Certified Distressed Property Specialist. Walter, Petra & Mike Roller |
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 Brand New Listings
125 Shorecrest
Spacious water front home on large shoulder lot offers generous living areas and long water views from almost every room. Master suite with sitting area and two large guest rooms, family and living room. Interior walls are insulated, many upgrades. Lots of space in the oversized three car garage with enough room for a work area. Large pool deck and lanai, pool with waterfall and boat dock with 13,500 lb lift. Built in 2003, 2,513 Sq.Ft. living area, offered for $ 880,000.
 700 La Peninsula # 306
If stylish, clean designer looks are your passion, this condominium is it.
Brazilian teak floors set off the hand-picked designer pieces beautifully. Recline on the Corbusier Chaise Lounge or admire the forever unobstructed water views from the black Barcelona chairs. Over 3,000 Sq.Ft. living area, built in 2002. Gorgeous setting on Isle of Capri in private gate enclave. Dolphins guaranteed. For details go to www.TwinDolphins306.com . Asking Price $995,000. |
Sales are Surging
Throughout 2009 the Naples Area Board of Realtors sales reports were positive, showing higher sales each quarter. 1,309 homes sold in the price range up to $ 300,000 in the 3rd quarter. But for the first time in two years we see buyers moving up to higher price ranges. Sales of properties priced from $ 500,000 to over $ 2 M doubled in November 2009 compared to November 2008. December was also a very strong month with sales off the charts in the last two weeks. Seventy percent of our real estate agency's sales and all four of our own December sales were cash deals, suggesting that investors are back.
Overall pending sales increased 118 percent with 836 contracts in November 2009 compared to 404 contracts in November 2008.
The available inventory continues to decrease. Available listings dropped by 14 percent to 9,469 in November 2009 compared to 11,116 in November 2008.
Many economists, including the Federal Reserve's chief economist, predict that mortgage rates will soon be a percentage point higher. Buyers who secure their mortgage now receive in fact something like an 8% discount on the financed portion of their home if they keep it for the average 7years like most owners do.
The driving force behind the steep increase in Naples/Marco Island sales are buyers who take advantage of the tax credit, low interest rates and the still depressed prices. There are still great deals out there, but they are getting harder to find.
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Just Sold by The Roller Team
7833 Classics Dr., Lely Resort
7547 Moorgate Pointe Way, Lely Resort
4672 Ossabaw Way, Verona Walk
700 Pine Creek Lane, Pelican Bay |
 Classics Plantation at Lely Resort
The Classics neighborhood is Lely Resort's most coveted neighborhood, with beautiful custom homes lining lakes and fairways. Over the past five years this gated enclave has seen fairly stable sales of 5 to 7 homes per year. What a change in 2010: There are already 5 pending contracts and another property is also under contract according to the owner.
There was very high buyer traffic at the weekend open houses over the past weeks. Most of the visitors seem to be serious buyers, focused on acquiring a home in the Classics. Prices for available spec homes and short sales have been reduced by several hundred thousand Dollars. The new prices are so competitive that we expect several more pending sales during the next few weeks. There are only 21 single family homes currently available at the Classics.
The high-end buyer is definitely back in the market: The Naples multiple listing system shows 51 homes pending in the price range from $ 1to 23 M. Twenty-seven of these contracts were written in December. |
 Will prices rise in 2010?.
Florida's home prices lost about 31 percent from their peak value. The Naples/Marco Island market declined by over 40 %.
A recent press release states that home prices are expected to fall another 4.2 percent in 45 of the largest housing markets before hitting bottom.
The report also stated that, "In August 2010, the index is projecting that 12-month appreciation for national home prices will be 4.6 percent and that home prices in two of the most depressed markets, California and Florida, will show gains in excess of 7 percent."
Although certainly not conclusive of a rise in the months ahead, the median price shows a nice upward spike since August 2009. |
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| Contact Information |
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Walter, Petra & Mike Roller
Walter's cell: 239-289-1172
Petra's cell: 239-289-3823
Mike's cell: 239-595-9020
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