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Naples Best Addresses October 2011 Newsletter

Posted on Friday, October 28, 2011

Welcome to the October newsletter – short, to the point – here is what is on our mind ….

The Naples Lifestyle: Happy Halloween!
For those who have a good costume photo this year, enter the Naples Daily News Photo contest. The Naples News is accepting photos until noon Nov 1, and deciding category winners by online voting. Even if you don’t submit a photo, check them out and vote for your favorite. For a list of all local Halloween events here paradise check out the link below. Lots of fun and spooky ways to celebrate the holiday. – and oh yeah, it’s not cold!

Naple’s Numbers- Not Scary
As we have seen for the last 12 months, our real estate market continues to improve. Available inventory is down 20% from last year – lower inventory means better price support –  which continues the trend seen since earlier this year. The banks are increasingly willing to work with owners to sell a property before it goes to foreclosure. How do we know? Foreclosures are decreasing and short sales are increasing. Sales volumes are also up, particularly properties from $500,000 to $1,000,000 as buyers take advantage of current pricing and favorable mortgage rates.

Read Along
Want to know what is going on in the Naples world, both in real estate and in Naples in general?  Read along at where we mix in Naples lifestyle and real estate stories. Here are the titles from the last five days;

The Naples Lifestyle: Ridgway A Local Treasure for Forty Years
Improved Economic Numbers – A Confidence Builder For Naples Real Estate
The Home Affordable Refinance Program (HARP): A Matter of Missed Expectations
Bucking A Statewide Trend?: Naples Inventory Down To Nine Months
Open House Today – 4650 Yacht Harbor Drive #115 Sunshine MLS 21151573

All the best to you from Mark and Nan – email or call us and tell us what you think.