Love the Dunes - Naples, Florida - Love the Dunes

Wary of a volatile stock market and concerned about by European debt woes investors moved to bonds last week pushing bond prices up and mortgage rates down. Mortgage rates, which move the opposite direction of mortgage-backed securities prices, had wavered just below 5% for much of the year until last weeks big decline. Mortgage rates today are even lower than levels December of last year, what' now the previous all time low.

Read the Full Story.

Labels: current market, dunes, high end, naples

Each week we field a variety of questions, not only about The Dunes, but about Naples Real Estate in genera. Some nuggets from this week that might also interest you follow.

There have been 107 closings this year for properties listed over $2,000,000. Actually, only 97 of those closed above the $2,000,000 mark.

The highest sale recorded on Sunshine MLS was $22,000,000, followed by one for $16,700,000 and another for $13,000,000. All three were Port Royal estates.

Thirty three condominium homes listed above $2,000,000 have sole this year. Most were in Bay Colony, where the highest sales price was recorded at $7,900,000. The others were on the beach in Park Shore/Olde Naples and six were on Vanderbilt Beach. Moraya Bay had four closings, and there were two resales at The Vanderbilt.

Total Sales for Collier County continue to outpace last year by 35%. That follows last year’s 39% over the prior year. That’s Good News by any definition.

Remember, we’re here to answer whatever Naples area real estate questions you may have. When you’re ready to buy again, know that we’ll spend whatever time it takes to help you make the right decision. From Dream Homes to bargains for investment purposes, we know this market.

Review MLS Report.

Labels: condos, current market, dunes, high end, real estate

If the comments from readers that often accompany articles in the Naples Daily News online reports of improvement in our local real estate market are any indication, there is still a lot of skepticism in the public on the subject. That’s why we decided to post the actual results for your review this week.

The data is specific to single family homes and condominiums, broken down into price ranges, and also by area within Collier County.

For your reference, The Dunes statistics are considered part of North Naples, based on our zip code.

The first chart is for single family homes. The second is for condominiums.
Any educated reader will find good news in these numbers. Sales are up, inventory is down, and it’s only a matter of time now until we are again a growing, thriving market.

Read more to see for yourself.

Labels: condos, current market, dunes, high end, naples

As the last auto carriers depart paradise, summer weather arrive early, with some sizzling temperatures. I thought I’d share some other sizzling numbers, and hopefully pick up your spirits at the end of this tumultuous week of headlines.

Sales continue to improve throughout the community, as buyers again are feeling good about Florida real estate, and especially The Dunes.

As of 5:00 pm on May 7th, 2010, there have been 22 closings since January 1st, and that’s the highest number of Seasonal closings since 2004. That year there were 26 closings. Last year, just 6 were closed, so the community is experiencing an s 400% increase.

Often, good real estate news brings out the naysayers, so I wanted to share the exact numbers with you. As they say, “this record speaks for itself”.

You’ll also be glad to know that the number of active listings is down to 58, after a high this time last year of 108, if my memory serves me well.

Currently, 15 sales are pending, so the trend will continue in the months ahead. Also, a May and June are good buying months, as seasonal visitors return for the sole purpose of buying.

Hope this news cheers you, and best wishes to all the Mothers who so deserve a special day of honor.

Labels: current market, dunes, high end, real estate

Months of preparation have preceded this week’s turnover of responsibilities from the developer to the homeowners at The Dunes. The elected and appointed representatives of the owners will not be responsible for the day to day operation, and hopefully they’ve done their homework and fully understand just what those responsibilities are under Florida’s condominium statue 718.

In a nutshell, they must act in “good faith for the benefit of the owners”.

What then are the responsibilities of the membership of the association? This becomes a good time for everyone to do some “homework”, by reviewing their condominium and master association documents, bylaws, and rules and regulations. Participate in all meetings, and volunteer for committee assignments. Know and abide by the rules of your association and the master community. Provide management with access to your unit for emergencies. Maintain and repair your property on an ongoing basis. Refrain from giving directions to the association employees, including the manager. The board directs the manager, and the manager supervises the employees.

Pay your fees as required, and pay on time. Show respect for the volunteer members of the board. They give of their own time for the benefit of the association. Even when you have disagreements, do not harass or intimidate either board members or employees.

The turnover is considered a positive event for any development. Owners now control their own destiny. Join your neighbors in building a sense of community that makes The Dunes the Premier Lifestyle Community in Southwest Florida.

Want to learn more? Read Florida Statue 718.

Labels: current market, dunes, high end, naples, real estate