The Bonita Group sold the TwinEagles Golf Community located in Naples, Florida on 33rd Avenue and Immokalee Rd. The final price of the golf community was $11 million, offered by a private investor. The explanation why the Bonita Group had to sell this extraordinary community was their attempt to avoid a impeding foreclosure on the [...]
The second highest metro foreclosure rate was registered in Cape Coral-Fort Myers, with one in every 96 households receiving a foreclosure filing. And we are talking only about October. The monthly report coming from Irvine-based RealtyTrac, the metro had 3,801 foreclosure related filings in October. Naples-Marco Island ranked 17th in the nation for its foreclosure [...]
You might be aware of the havoc, the foreclosure problem has caused in the housing markets. But a totally unique effect is witnessed in Collier County of Florida State, whereby the housing values have come down drastically as elsewhere in the country, but the appraised value of homes by the authorities is causing another unforeseen [...]
Lee County registered only 656 foreclosure filings in October thanks to foreclosure freeze which is a significant drop from 933 foreclosure filings in the area in September. At the end of that month several banks, such as Bank of America, JPMorgan Chase and others put a foreclosure filings on hold, as the robo-signing scandal boomed. [...]
It is unheard of or rather unusual. For the last 40 years or more, home owners in Collier County that consists of attractive home markets like Naples, Bonita Springs, and Marco Island would be glad to receive annual notices from the Collier County Property Appraiser’s office, if the assessed value is less than the market [...]
According to Fitch’s latest rating, Naples got an upgrade to AAA, an outlook stable regarding its PST revenue bonds. In order to affirm this Fitch Ratings has taken the following rating actions: $8.2 million public service tax (PST) revenue bonds upgraded to ‘AAA’ from ‘AA+’; implied general obligation (GO) affirmed at ‘AAA’. This upgrade from [...]
September home sale transactions were down while price spiked up in Lee County. According to latest reports the median price of an existing home sold in Lee County was $94,000 which is up compared with $88,000 in August, the number of sales were down to 1,102 from 1,193 for homes sold with the assistance of [...]
Going through the foreclosure trends and statistics in Naples, Florida’s pricy housing market and considered attractive by home buyers – particularly absentee buyers for deriving rental income and profit on flipping – you see interesting aspects. True, like many housing markets in the country, Naples also was hard-hit by the foreclosure fiasco, particularly so as [...]
Turtle Creek Apartments, a 268 unit rental apartment complex, located at 1130 Turtle Creek Blvd, North Naples is now in new hands and ready to begins its new life via Fifteen Group, a Miami-Beach based company, which is now the new owner of the complex. The seller was FHFC – Florida Housing Finance Corporation – [...]
The home market reports on a quarterly basis give us an idea on the trend obtaining overall in the market conditions – whether they are going down as we did see in the last few years or go uptick with encouraging results. On that count, the latest report released by Naples Area Board of Realtors, [...]
