What does a “normal” housing market look like? This one.

NEW YORK – April 2, 2019 – The spring home-buying season could be the best in years, with falling mortgage rates and rising inventory already reducing bidding wars and resulting in price cuts.
“It’s been a rough go for homebuyers since the bottom of the housing market, and there are signs we’re entering a period of normalcy,” says CoreLogic Deputy Chief Economist Ralph McLaughlin.
McLaughlin believes current conditions could be the most favorable for buyers since the housing market bottomed in 2012.
However, economists say that even as activity rises, it’s unlikely that the market will return to a period of booming home sales. Nationally, home prices have jumped more than 50 percent since the bottom of the market in 2012, according to the S&P CoreLogic Case-Shiller National Home Price Index, which has made affordability a challenge for many buyers.
Economists note that inventory is rising – not necessarily because more homeowners are putting their homes on the market but because homes are taking longer to sell.
“All the signs are pointing to the fact that people are just having a harder time selling their homes,” says Trulia chief economist Issi Romem.
However, it appears that buyers are reaching deals faster, with Redfin data showing that the time it takes a buyer to find a home has hit a six-year low of 73 days.
Source: Wall Street Journal (04/01/19) P. A1; Kusisto, Laura
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Mortgage Rates falling Again – Good News For Buyers!

WASHINGTON (AP) – Feb. 21, 2019 – U.S. long-term mortgage rates dipped this week to the lowest average in more than a year, providing a possible boost to the start of the spring homebuying season in March.

Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage declined to 4.35 percent from 4.37 percent last week. The key 30-year home borrowing rate averaged 4.40 percent a year ago.

This week was the lowest average since the week of February 8, 2018.

The average rate this week for 15-year, fixed-rate loans declined to 3.78 percent from 3.81 percent.

Mortgage rates hew closely to changes in the interest charged on 10-year U.S. Treasury notes. Lower borrowing costs should help boost home sales, as rising mortgage rates in 2018 caused homebuying to tumble last year.

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 Copyright 2019 The Associated Press, Josh Boak. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Florida Senate unlikely to revisit beach access law

TALLAHASSEE, Fla. – Feb. 8, 2019 –
There is little chance the Florida Senate will revisit a controversial state law that has impacted public access to some beach areas, according to top Republicans in the chamber.
Senate President Bill Galvano, R-Bradenton, and Senate Majority Leader Kathleen Passidomo, R-Naples, say they do not intend to reconsider a 2018 law (HB 631) that put in place an extensive process for local governments before they can continue so-called customary use of privately owned beach property above the mean high-water line.
The new law fueled heated debates last summer after some coastal property owners in Walton County were quick to keep people off dry sand portions of beaches.
Galvano said in November he did not want to revisit the issue, and Passidomo agreed during an interview Thursday.
“People need to understand that most of the beaches in Florida are public, open to the public and they will never be closed,” says Passidomo. The new law, she adds, is meant to protect private property rights – not limit access to beaches. Passidomo says the law, which she championed last year, is controversial because it is misunderstood.
As a result, she said it does not need tweaks – let alone a repeal, which Sen. Darryl Rouson, D-St. Petersburg, is proposing with a bill (SB 54) filed for the upcoming legislative session.
“Whether that bill is heard or not, my opinion is that there is a lot of political machinations occurring over a bill that is much simpler than people are making it out to be,” Passidomo said.

Source: News Service of Florida

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Vasari – 2018 Real Estate Sales Report

Here is the 2018 real estate market sales report for the condos, coach and carriage homes in  Vasari Golf & Country Club, bundled golf  community in Bonita Springs, Florida.
There are currently 43 properties for sale in Vasari.

Condominiums:
There are two neighborhoods of condos:
Matera –  14 condos for sale as of today. Listed from $169,900 to $260,000.
View Active Listings.
In 2018, 13 condos have sold in Matera:
– From $151,000 to $260,000.
– Average Days on Market: 237.
– Average Sale Price per SQFT: $119/SQFT.
– Average Sale Price: $192,000.
View All Recent Sales in Matera.
Trieste –  7 condos for sale as of today. Listed from $209,900 to $279,900.
View Active Listings.
In 2018, 7 condos have sold in Trieste:
– From $220,000 to $250,000.
– Average Days on Market: 212.
– Average Sale Price per SQFT: $141/SQFT.
– Average Sale Price: $232,500.
View All Recent Sales in Trieste.

Carriage Homes:
There are two neighborhoods of carriage homes:
Toscana –  4 units for sale as of today. Listed from $249,000 to $314,900. 4 other units are under contract.
View Active Listings.
In 2018, 9 units have sold in Toscana:
– From $225,000 to $360,000.
– Average Days on Market: 347.
– Average Sale Price per SQFT: $133/SQFT.
– Average Sale Price: $277,000.
View All Recent Sales in Toscana.
Firenze –  3 units for sale as of today. Listed from $219,900 to $379,000.
View Active Listings.
In 2018, 2 units have sold in Firenze:
– From $240,000 to $335,900.
– Average Days on Market: 103.
– Average Sale Price per SQFT: $156/SQFT.
– Average Sale Price: $299,400.
View All Recent Sales in Firenze.

Coach Homes:
There are two neighborhoods of coach homes:
Altessa –  5 units for sale as of today. Listed from $455,000 to $589,000.
View Active Listings.
In 2018, 7 units have sold in Altessa:
– From $395,000 to $575,000.
– Average Days on Market: 254.
– Average Sale Price per SQFT: $178/SQFT.
– Average Sale Price: $481,000.
View All Recent Sales in Altessa.
Cassia –  3 units for sale as of today. Listed from $352,500 to $374,900.
View Active Listings.
In 2018, 2 units have sold in Cassia:
– From $298,000 to $335,000.
– Average Days on Market: 313.
– Average Sale Price per SQFT: $156/SQFT.
– Average Sale Price: $317,000.
View All Recent Sales in Cassia.

You can view all properties for sale in Vasari, including the homes an estate homes.
Contact us if you have any questions about Vasari. 

Lausanne Condos, Naples – 2018 Real Estate Sales Report

Lausanne, The Moorings, Naples Fl

This is the 2018 real estate sales report for Lausanne, a complex of beachfront condominiums in The Moorings of Naples, Fl.

Currently there are 4 condos for sale in Lausanne.
Listed from $687,000 to $925,000. Another unit is under contract.
View Active Listings in Lausanne

In 2018, 6 condos have sold in Lausanne:
– From $600,000 to $1,600,000.
– Average Days on Market: 105.
– Average Sale Price per SQFT: $518/SQFT.
– Average Sale Price: $953,000.
View Recent Sales in Lausanne
Let us know if you have an interest in Lausanne or in any of other beach front condominiums in The Moorings.

Florencia At The Colony – 2018 Real Estate Sales Report

Florencia At The Colony. Bonita Springs, FL

This is the 2018 real estate sales report for Florencia At The Colony, in Bonita Springs, FL.

Florencia is a luxury high-rise building offering 116 condos.

There are currently 9 condos on the market in Florencia. 
Listed from $647,900 to $1,195,000.
There are also 4 pending sales.
View Active Listings in Florencia.

In 2018, 11 condos have sold in Florencia:
– From $600,000 to $1,250,000.
– Average Days on Market: 246.
– Average Sale Price per SQFT: $366/SQFT.
– Average Sale Price: $839,000.
View Recent Sales in Florencia
Let us know if you have an interest in Florencia At The Colony or in any of other neighborhoods in The Colony.

Cielo At The Colony – 2018 Real Estate Sales Report

Cielo At The Colony. Bonita Springs, FL

This is the 2018 real estate sales report for Cielo At The Colony, in Bonita Springs, FL.

Cielo is a neighborhood of 96 luxury condominiums in four-story buildings.

There are currently 2 condos on the market in Cielo.
Listed from $1,079,000.
There are no pending sales at this time.
View Active Listings in Cielo.

In 2018, 4 condos have sold in Cielo:
– From $765,000 to $1,000,000.
– Average Days on Market: 448.
– Average Sale Price per SQFT: $299/SQFT.
– Average Sale Price: $896,000.
View Recent Sales in Cielo
Let us know if you have an interest in Cielo At The Colony or in any of other neighborhoods in The Colony.

Horizons At Bonita Bay – 2018 Real Estate Sales Report

Horizons At Bonita Bay. Aerial
Horizons At Bonita Bay

2018 real estate sales marker report for Horizons At Bonita Bayin Bonita Springs Fl.
Horizons is a luxury high-rise condominium tower offering 80 condos overlooking Estero Bay and the Gulf of Mexico.
Horizons offers luxurious amenities to its residents and amenities of Bonita Bay like the beach club on the Gulf of Mexico.

There are currently 4 condos on the market in Horizons. Listed from $1,300,000 to $1,980,000. 
Two other units are under contract.
View Active Listings.

In 2018, 6 condos have sold in Horizons:
– From $1,450,000 to $1,825,000.
– Average Days on Market: 253.
– Average Sale Price per SQFT: $440/SQFT.
– Average Sale Price: $1,635,000.
View Recent Sales in Horizons
Let us know if you have an interest in Horizons At Bonita Bay or in any of other high-rise condominiums in Bonita Bay.

Heritage Bay, Naples – 2018 Sales Market Report

Heritage Bay Golf & Country Club, Naples

Here is the 2018 real estate market sales report for Heritage Bay Golf & Country Club, bundled golf  community in Naples, Florida.
There are currently 68 properties for sale in Heritage Bay, as of today.

Terrace Condominiums:
There are 26 terrace condos for sale in Heritage Bay as of today. Listed from $174,500 to $220,000. One Condo is under contract.
View Active Listings.
In the past year 28 condos have sold in the Terraces:
– From $169,500 to $232,500.
– Average Days on Market: 210.
– Average Sale Price per SQFT: $155/SQFT.
– Average Sale Price: $197,600.
View All Recent Sales for the Terrace Condos.

Veranda Condominiums:
There are 19 veranda condos for sale in Heritage Bay as of today. Listed from $220,000 to $304,750. Two other condos are under contract.
View Active Listings.
In the past year 23 condos have sold in the Verandas:
– From $205,000 to $315,000.
– Average Days on Market: 286.
– Average Sale Price per SQFT: $177/SQFT.
– Average Sale Price: $261,000.
View All Recent Sales for the Veranda Condos.

Coach Homes
There are 10 coach homes for sale in Heritage Bay as of today. Listed from $342,500 to $395,500. Another one is under contract.
View Active Listings.
In the past year 13 coach homes have sold:
– From $320,000 to $392,000.
– Average Days on Market: 248.
– Average Sale Price per SQFT: $173/SQFT.
– Average Sale Price: $357,000.
View All Recent Sales for the Coach Homes.

Executive Homes
There are 3 executive homes for sale in Heritage Bay as of today. Listed from $534,000 to $558,000. Two also are under contract.
View Active Listings.
In the past year 4 executive homes have sold:
– From $460,000 to $515,000.
– Average Days on Market: 231.
– Average Sale Price per SQFT: $235/SQFT.
– Average Sale Price: $484,000.
View All Recent Sales for the Executive Homes.

Estate Homes
There are 3 estate homes for sale in Heritage Bay as of today. Listed from $614,900 to $725,000. Also another one is under contract.
View Active Listings.
In the past year 8 estate homes have sold:
– From $575,000 to $725,000.
– Average Days on Market: 279.
– Average Sale Price per SQFT: $247/SQFT.
– Average Sale Price: $677,500.
View All Recent Sales for the Estate Homes.

Let us know if you have any questions and if you want to buy or sell a property in Heritage Bay.

HCA Healthcare buys 100 acres in Estero for $52.5 million

100 acres parcel in Estero purchased by HCA Healthcare.

Brittany CarloniUpdated 11:34 a.m. ET Jan. 10, 2019

HCA Healthcare purchased nearly 100 acres in Estero for $52.5 million at the end of December, property records show.  

The Nashville-based health care system bought the land for a planned hospital in Estero that state regulators approved last year, said Debra McKell, a spokeswoman for HCA West Florida, a division of HCA.

The land is bordered by U.S. 41 to the west, Williams Road to the south and Via Coconut Point to the east. Hertz Global Headquarters sits directly south of the property on Williams Road.

Property records show Fawcett Memorial Hospital, based in Port Charlotte, purchased the 100-acre property Dec. 20 from Estero North Point LTD.

Read Full Article (Naples Daily News)…
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