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#11
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OT Oh no! What next?
"NOYB" wrote in message . com...
"Don White" wrote in message ... NOYB wrote in message om... snip Ever been to Naples, Florida, Don? been to Orlando, Tampa , St. Pete's Beach..etc. Close enough? No, no, and no. Naples is unique. Yes, it certainly is, but not in a good way. |
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#12
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OT Oh no! What next?
"NOYB" wrote in message . com...
"Don White" wrote in message ... NOYB wrote in message om... snip Ever been to Naples, Florida, Don? been to Orlando, Tampa , St. Pete's Beach..etc. Close enough? No, no, and no. Naples is unique. I've spent 15 years in the Tampa Bay area, and I've spent a LOT of time in Naples. I was there for seven months, I worked as a super for a company that built shopping centers. Naples is unique, say, from St. Pete, because there is a LOT of swamp people. They are the equivelent of hillbillies. |
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#13
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OT Oh no! What next?
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#14
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OT Oh no! What next?
"basskisser" wrote in message m... "NOYB" wrote in message . com... "Don White" wrote in message ... NOYB wrote in message om... snip Ever been to Naples, Florida, Don? been to Orlando, Tampa , St. Pete's Beach..etc. Close enough? No, no, and no. Naples is unique. I've spent 15 years in the Tampa Bay area, and I've spent a LOT of time in Naples. I was there for seven months, I worked as a super for a company that built shopping centers. What shopping center did you help build? Naples is unique, say, from St. Pete, because there is a LOT of swamp people. They are the equivelent of hillbillies. Naples has one of the highest number of per capita millionaires (possible the highest) in the country. Are you sure you've been to Naples? |
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#16
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OT Oh no! What next?
"basskisser" wrote in message m... Naples is unique, say, from St. Pete, because there is a LOT of swamp people. They are the equivelent of hillbillies. As usual, your timing is impeccable. Just today, in the local paper: Naples Daily News To print this page, select File then Print from your browser URL: http://www.naplesnews.com/npdn/news/...796311,00.html High home prices seemingly no barrier to buyers By THERESA STAHL April 10, 2004 The highest home prices in the state aren't keeping buyers away from purchasing a piece of Southwest Florida. A new report shows Naples has the fastest-rising median sales price in Florida, and some local developers are reporting a 50 percent increase in the price of new homes. "Some of these are price jumps are like nothing I've ever seen before," said Brad Whalen, whose Naples firm, Sulk Whalen Public Relations, specializes in residential real estate development. The Florida Association of Realtors reported a 42 percent increase in the median home sales price in Naples. The 2004 median price is $389,000, nearly $100,000 over the second-highest median price in Florida. Ocala came in second at a 27 percent increase, and Miami and Sarasota/Bradenton tied for third at 24 percent. The statewide median sales price rose 13 percent to $162,300 last month; a year ago it was $143,400. Developers say the soaring prices for new homes are due in part to high demand, larger homes, costly building materials and an increase in offering more amenities and expensive home features. "The Naples market is becoming very sophisticated," said Bernard Ackerman, director of marketing for Crosswinds Communities, which developed Sterling Oaks in North Naples and Portofino in Fort Myers. "People are demanding higher quality features in the home." More buyers are requesting pools and screened porches, as well as granite instead of Formica or Corian in their kitchens, Ackerman said. Building materials, including fill dirt and steel, have become scarce commodities, according to David Ellis, director of the Collier Building Industry Association. The price of steel has increased significantly because the product hasn't been available several times in the past six months, he said. This happens occasionally, when car manufacturers buy up all the steel. "When it gets really tight, it's hard for the average person," Ellis said. "If you're the Ford Motor Co., you're going to get your steel, but if you're a small developer in Southwest Florida, you're not." Developers say they are building bigger, better product to satisfy their customers. Stock Development this year is offering more higher-end single-family homes and has introduced a higher end multifamily home, said Brian Stock, president of the company. "We've introduced a lot of new product that has brought the price up," he said. Stock Development has had 300 new home sales so far this year totaling nearly $131.9 million in its three Southwest Florida communities, Grandezza in Estero, Olde Cypress on Immokalee Road in North Naples and Lely Resort in southeast Naples. "We were expecting a good season, but this is stronger than we even anticipated," he said. The average selling price on homes in the Stock communities in 2003 was $284,945. The average price so far this year is $428,361, an increase of 50.3 percent. In Olde Cypress, where the average selling price is $700,000, first-quarter sales are $7 million ahead of total 2003 sales, Stock said. "These customers are still buying where they feel good and secure about their investment," he said. Duane Sulk, also of Sulk Whalen, said although the stock market has been steady lately, uncertainty still lingers in those types of investments. Consumers know real estate is a better place to put their money, he said. "Older baby boomers in Northern markets are beginning to come down here in larger flocks," he said. "They're buying now because they know it is the best time to buy. A home that's $300,000 today will be $450,000 five years from now." Miromar Lakes, a beach and golf club community in Estero, is also reporting a 50 percent increase in the average sales price. John Buehler, director of sales/broker for Miromar, said the average home price climbed from $473,000 in 2003 to $703,000 in the first quarter of 2004, a 48.6 percent increase. The community in 2003 had 78 transactions totaling nearly $35.2 million. This year they have 124 transactions or contracts totaling $87.6 million. "It's been a wild year," he said. Buehler said the increase is due in large part to bigger properties and more waterfront property. He says the community's 700 acres of freshwater lakes is a major selling point. "We have something that is so unique, everybody wants to be a part of this," he said, noting Miromar's residents can take advantage of water skiing, wake boarding, sailing, fishing and canoeing. Buehler said prices of resales in Miromar are also climbing substantially. Homeowners who paid $900,00 to $1 million two years ago are now selling for $1.6 to $1.9 million. Although the overall resale market in Naples is strong, one longtime Realtor says the increases are moving slowly. "I haven't seen any gigantic price increases yet," said Phil Wood, president of John R. Wood Realtors. But in his own books, the numbers are looking better than ever. "We just had our best month in history," he said. The company had $243 million in sales for March, up from $95 million in March 2003, a 155.8 percent increase. Wood attributed the growth to several new programs, including a marketing program, and new, talented agents. |
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#17
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OT Oh no! What next?
On Sun, 11 Apr 2004 01:02:13 +0000, NOYB wrote:
As usual, your timing is impeccable. Just today, in the local paper: Naples Daily News To print this page, select File then Print from your browser URL: http://www.naplesnews.com/npdn/news/...796311,00.html Naples is a very nice town, so don't get me wrong, but that building report is quite scary. I have witnessed many overheated building booms. Bust is invariably part of the cycle. 40-50% price increases are not healthy and not of long duration. |
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#18
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OT Oh no! What next?
"thunder" wrote in message news  On Sun, 11 Apr 2004 01:02:13 +0000, NOYB wrote: As usual, your timing is impeccable. Just today, in the local paper: Naples Daily News To print this page, select File then Print from your browser URL: http://www.naplesnews.com/npdn/news/...796311,00.html Naples is a very nice town, so don't get me wrong, but that building report is quite scary. I have witnessed many overheated building booms. Bust is invariably part of the cycle. 40-50% price increases are not healthy and not of long duration. Prices had gone up 26% per year from 1998-2001. They then leveled off for two years...and just about kept pace with inflation. However, "bust" is part of the cycle only in areas that are affected by layoffs, recession, and attrition. Naples isn't one of those areas. In recession years, prices are flat (but they don't decline), and inventory builds. As soon as the economy starts an upturn, inventories decline and prices soar again. The majority of the people in Naples are retirees who already earned their money and are bringing it down here in their retirement. The retirees now are the baby boomers...a huge population with enormous wealth and very little debt. An entire service population has grown as a result, and the service industry feeds on the retirees. As long as the population continues to grow faster than attrition (ie--from people dying), the demand for housing will grow. Over the past year, Collier County's population grew by almost 15%. Consequently, the demand for housing (expensive housing) drove the median price up more than 40%. Is it sustainable? Probably not at the same rate of increase. However, you'll never see a true "bust" where prices begin to fall. They'll just level off until the next boom. |
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#19
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OT Oh no! What next?
On Fri, 09 Apr 2004 03:07:12 +0000, NOYB wrote:
"Don White" wrote in message ... NOYB wrote in message om... snip Ever been to Naples, Florida, Don? been to Orlando, Tampa , St. Pete's Beach..etc. Close enough? No, no, and no. Naples is unique. Unique?? Like, the only one in the world? http://document.itwg.com/en_napoli.asp Lloyd |
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#20
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OT Oh no! What next?
On Thu, 08 Apr 2004 14:21:45 +0000, Don White wrote:
Just when you thought it couldn't get worse...what with the folly in Iraq, Janet's tit, gay marriages and legalized marijuana. Now the 'Trailer Park Boys' may be invading your TV. If you get the BBC America digital channel, keep an eye out. A local production company is ready to corrupt impressionable American youth with cussin', dirty talk, smoking, drinking & lots of gun play. see *** http://www.cbc.ca/arts/features/trailerpark/ *** Wait a minute.......I think Americans taught us all the above vices......... probably won't play too well in Florida or Texas....the program will seem too ordinary...too lifelike. Well, it's getting a little "close to home" for us: we're only 6 blocks from Surrey, BC: Home of the Trailer-Park trash (and Hells Angels)... But it can be funny! Lloyd |
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