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March 2007 
There are 6 blog entries for March 2007.
Was That A Purple Pipe That Just I Saw?
Monday, March 26th, 2007 at 4:52pm. 83 Views, 0 Comments.
Now I haven’t been blogging long at all, (just a matter of months) and I respect my peers who say that even though you have a real estate blog, it’s all about content. They say write about interesting things that pertain to your town, your area and that will somehow tie it all in with real estate. Take lots of pictures and incorporate them in with your articles.
So now I driving along in Naples doing the speed limit of 45 miles per hour, camera on the passenger seat at the ready, and I do a double take. Was that a purple and aquamarine pipe that I just saw?
By now I’m long past it, so I double back around, park the car in the median which is certainly against the law, (I did put my 4–way emergency flashers on to give the situation an aura of…
Port Royal...An Address Known The World Over
Tuesday, March 20th, 2007 at 10:49am. 79 Views, 0 Comments.
Port Royal in Naples, Florida is a community of just 600 estate sized homes situated on a maze of direct-access Gulf of Mexico canals directly south of Olde Naples and Aqualane Shores.
Port Royal has always fascinated me, both from a real estate standpoint, as well as from a community standpoint. When I first came to Naples some 15 years ago, you could have purchased two homes in Port Royal� directly on the Gulf of Mexico for less than $1,000,000, and ironically, both homes, although older, were totally livable.
PORT ROYAL PROPERTY TODAY…
Today Gulf front� lots, when you can find them� (the dirt only), start at almost $5,000,000, and some have sold for in excess of $20,000,000. The single family homes built on them in some cases have…
Lines...Lines and More Lines
Saturday, March 17th, 2007 at 5:07pm. 78 Views, 0 Comments.
Yesterday, I wrote about having to stand in line at Starbucks to get that revered cup of ‘joe’, which made me think about other lines that I have to endure, while waiting for service here in Naples, Florida.Maybe it’s the same elsewhere, but here it seems they are everywhere.
One of the ones that really irrites me is having to stand in a bank line. I’ve never quite understood why I should have to stand in a line to give the bank my hard-earned money. I truly believe that the banks should send armored trucks to my house every day, at an appointed time, and an employee comes to my door and asks “do you have any money for us today Mr. Melhado?”. I think that that is a far better idea than my having to stand in a line, waiting to give them my money so that…
In Naples...We All Must Be Coffee Fanatics!
Friday, March 16th, 2007 at 10:37am. 77 Views, 0 Comments.
Maybe I show my age, but who would have ever thought that we would be paying $3.00 and more for a cup of coffee. Granted some of the offerings from Starbucks� are far more than your normal cup of coffee, but still, what am I missing.
Everywhere you go in Naples, no matter which Starbucks� you go to there are lines literally out the door. And the funny thing is that it almost doesn’t matter what time of day either. Come to think of it, it’s not just Starbucks, it’s every coffee shop you go to, 7–Eleven or whoever. It just never ceases to amaze me that we are so driven for that great cup of � ‘joe’, that we will do almost anything to get it. Is it� because we feel that we aren’t fully dressed unless we have it? Maybe so!
Funny…
Just Another Day In Paradise
Thursday, March 15th, 2007 at 3:48pm. 73 Views, 0 Comments.
People, especially other agents, are bemoaning the fact that the real estate market isn’t what it was a year and a half ago. Well naturally…the Naples Real Estate Market, like other over-priced areas in the country, could not sustain itself and needed a correction.
We sure have gotten that correction and now we just might be looking at rather flat spell, until the inventory levels get reduced to a far more manageable plateau. Currently the state of the inventory in the greater Naples area exceeds 12,000 units, which equates to a 3+–year inventory. Normally, we look to see the inventory at about a third of that amount, so it might be a while before we get there.
The good news is that it is a phenomenal time to buy! With the vast amount of choices in all…
Are Naples Home Values Going Up In Smoke?
Thursday, March 8th, 2007 at 5:16pm. 90 Views, 0 Comments.
We have become so jaded when we look at the real estate market, that we hardly believe what we are seeing, specifically with regard to home sales.
In 2006,there were 4,500 home resales, which historically, is very consistent with annual trends. The problem is that we all tend to look at 2004 and 2005, the so-called investor-driven years, as benchmarks. We forget that these years the real estate market was not normal in any way, with its nearly vertical climb upward.
With the investors gone, we now have over 12,000 properties for sale in Collier County, which translates into a solid three year supply. The only hope of a property selling is that it is priced in the lower quadrant of the curve. As a matter of fact, even having the lowest priced listing in a…
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