Tax reform may be boosting demand for Florida real estate

Luxury real estate sales in Florida could get a boost from a rule in the federal tax bill that President Donald Trump signed into law in December.

The rule caps “SALT” or state and local tax deductions at $10,000, when before those deductions were unlimited. Those include real estate, and either income taxes or sales taxes. For wealthy people who itemize deductions, income taxes alone exceed that amount, let alone property and sales taxes. If they also live in a relatively high tax state such as New York or New Jersey, that could make officially declaring Florida their “home” a more attractive proposition because it has no state income tax.
Luxury properties in Collier County have been hot in the first quarter; some feel the $10,000 cap may have played a part. Home sales priced above $1 million in Naples during the first three months of the year were up 61 percent, according to the Naples Area Board of Realtors, and pending sales of condominium’s priced at $2 million or more were up 109 percent from the same time last year.
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Stonebridge Country Club – Open House

1940 Willow Bend Cir #102, Naples, FL

OPEN HOUSE
February 03, Saturday 1:00 PM – 4:00 PM

$ Click for current price
2 BEDROOMS | 2 (2 full ) BATHROOMS | 1433 SQUARE FEET

Tastefully decorated and perfectly maintained first-floor condo in Stonebridge Country Club. Beautiful views of golf course and water. Gorgeous hardwood floor has been recently installed in living area and both bedrooms. Split plan offering privacy for your guests. Tiled lanai. This is the perfect gateway to enjoy Naples and what Stonebridge has to offer: An excellent location close to the beaches, shopping and restaurants, a recently renovated clubhouse with great indoor and outdoor dining, a 18-hole championship golf course, fitness center & tennis courts.

Presented By:

Dominick Tascher

Realtor®, Sales Associate, MD, ABR®, GRI, SRS
MVP REALTY
239-839-5688
Licensed In: Fl
License #: 3090978

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Park Shore, Naples – Market Update – 3rd Quarter 2017

24 condos have sold in Park SHore, Naples during the 3rd Quarter of 2017. View All Sales.

DSC00694-232274076-1508591181849.jpgThis is a market update for the condominiums in Park Shore, Naples, for the third quarter 2017.
As of today there are 101 condominiums on the market for sale in Park Shore. You can have a look at all condos on the market in each building at: http://www.dominicktascher.com/Park_Shore_Naples.htm
Year-To-Date 136 condos have sold in Park Shore and eight condos are under contract, showing there is a strong activity and we have approximatively a 5-month supply.
During the 3rd Quarter,  24 condos have sold.
Park Shore – Condos – Sales – 3Q2017.
Two high-end condos have been sold in Le Jardin for $4,050,000 and $4,400,000. Three condos have sold in La Mer from $885,000 to $1,480,000.
Let’s us know if you need help to buy or sell a condominium in Park Shore or if you have any questions.
View All Properties For Sale in Park Shore – Naples…

Sellers: How To Use Comparable Sales.

Visit houselogic.com for more articles like this.

Copyright 2017 NATIONAL ASSOCIATION OF REALTORS®

 

Naples Real Estate – It is time to buy!

Average mortgage rates steady: 30-year at 3.93%

WASHINGTON (AP) – Aug. 3, 2017 – Long-term U.S. mortgage rates were little changed this week after declining for two straight weeks.
Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages inched up to 3.93 percent from 3.92 percent last week. While historically low, that’s still above last year’s average of 3.65 percent. The benchmark rate stood at 3.43 percent a year ago.
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Award For The Club At Mediterra

ACCOLADE FOR THE CLUB AT MEDITERRA

The Club at Mediterra was recently recognized among the top 4 percent of private U.S. country clubs, receiving its designation from the Club Leaders Forum as a 2014-2016 Platinum Clubs of America. The peer-awarded honor is determined by club managers, presidents and owners. The Club at Mediterra has received triennial Platinum Club status since 2006. ©Gulfshore Business Daily.

Changes Coming To FICO Score

NEW YORK (AP) – Aug. 11, 2014 –
 Changes are coming to FICO, a broadly used credit score, that may mean higher credit scores for many consumers. Banks, credit card issuers, auto lenders and other businesses use those scores to decide whether to lend to consumers and how much interest to charge them. A higher score could get you better terms on loans for cars and homes.
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The Charm Of Olde Naples – Townhouses & Villas In Olde Naples

Have you ever dreamed to live in Olde Naples? Close to Fifth Ave S. and walking distance to the beach?

Olde Naples offers the charm of a quaint and quiet small resort town.
As the real estate market is booming again in SW Florida, prices are on the rise in areas like Olde Naples as the supply is limited.
If you like the charm of a townhouse or an attached villa, some of them with their own swimming-pool, you must view these properties:
View Townhouses & Attached Villas For Sale in Olde Naples…
Contact me if you have any questions about these beautiful properties.

US Housing Starts Rise – Gaining Strength.

The Commerce Department said Tuesday that builders broke ground on homes last month at a seasonally adjusted annual rate of 917,000. That’s up from 910,000 in January. And it’s the second-fastest pace since June 2008, behind December’s pace of 982,000.
U.S. builders started more houses and apartments in February, while requesting permits for future construction at the fastest pace in 4 ½ years. The increases point to a housing recovery that is gaining strength.
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Naples Area Golf Courses – Two local golf courses recognized by Golf Magazine

— Old Corkscrew Golf Club in Estero and Tiburon Golf Club in Naples are in the top 20 in the state in Golf Magazine’s Top 100 Courses You Can Play in its September issue.
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Old Corkscrew Golf Club is located off Corkscrew rd in Estero. Close to Old Corkscrew are two communities: Bella Terra and The Preserve At Corkscrew.
Tiburon Golf Club in Naples is located around the Ritz Carlton. Tiburon offers new luxury residences under construction at Esperanza At Tiburon.
View All Properties For Sale In Tiburon Naples…
View All Properties For Sale In Bella Terra…
View All New Homes In The Preserve At Corkscrew…