02 Jan Shadow Wood at the Brooks Real Estate News | January 2018
As of January 1, 2018, there are 80 active listings in Shadow Wood; 5 more than last month. There are 57 single-family, listed homes ranging from $470,000 to $2,850,000. The average list price is $1,057,228 and the average days on the market is 126 days. Combined days on the market is 168. In the condo market, there are 23 active listings in Shadow Wood, ranging in price from $295,000 to $625,000. The average list price is $384,609 and the average days on the market is 124. Combined days on the market is 159.
Whether you are buying or selling, if you are looking for REALTOR® representation, think of me and allow me to share my 30 years of experience putting buyers and sellers together in SWFL
Your Shadow Wood REALTOR®,
SUMMARY OF SHADOW WOOD HOME SALES
- Within the last 12 months, there were 25 sales; the average sales price was $402,720; and, these condos were on the market an average of 127 days; combined days on the market is 206.
- During the 12 months previous, there were 26 sales; the average sales price was $391,019; and, these homes were on the market an average of 48 days; combined days on the market is 121.
- During the 12 months previous, there were 44 sales; the average sales price was $901,010; and, these homes were on the market an average of 113 days; combined days on the market is 197.
- During the 12 months previous, there were 52 sales; the average sales price was $985,313; and, these homes were on the market an average of 108 days; combined days on the market is 208.
Meet Ed Gongola and discover how he can help you with his concierge style of service when buying or selling your home.
Shadow Wood DECEMBER Events Calendar
January 1 | New Year’s Day Brunch
January 8 | Chef’s Cooking Class
January 20 | Dinner Dance
January 25 | Book Review
January 9 | Ladies’ Guest Day
January 11 | Men’s ABCD Challenge
January 18 | Men’s Guest Day
Jan 30 & Feb 1 | Ladies’ Member-Member
January 9 & 11 | Winter Bocce Opening Nights
January 16 | Winter Bocce Social League Begins
January 19 | Pro Tennis Exhibition
January 26 | JDRF Tennis Mixer
Click here for membership information.
JANUARY MARKET UPDATE
“2017 was unusual to say the least,” said Mike Hughes, General Manager for Downing- Frye Realty, Inc. “We had multiple challenges from Mother Nature including a direct hit from Hurricane Irma. But despite this, our year-end sales will be very close to what we did in 2016, which is not bad considering that we largely lost a month’s business from the storm. The Downing-Frye family continued to grow as 190 agents joined us in 2017, and we were again voted Best Real Estate Office by the Naples Daily News readers. We also opened an office on Marco island and welcomed 28 Marco agents to our family.”
FLORIDA: HOMES PRICES CONTINUE TO RISE
Florida’s housing market continued its positive track in November, with more closed sales, more new listings, more pending sales and rising median prices. Sales of single-family homes statewide totaled 19,990 in November, up 1.3 percent compared to November 2016. Looking at Florida’s condo/townhouse market, statewide closed sales totaled 8,235 in November, up 5.8 percent compared to November 2016. The statewide median sales price for single-family existing homes was $240,000, up 9.1 percent from the previous year, and for condos was $176,000, up 8.6 percent. November’s for-sale inventory remained tight with a 3.8-months’ supply for single-family homes and a 5.7-months’ supply for condo-townhouse properties.
USA: HOMES-SALES SURGE
Existing-home sales surged for the third straight month in November and reached their strongest pace in almost 11 years. Lawrence Yun, NAR chief economist, says home sales in most of the country expanded at a tremendous clip in November. “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end, as evidenced by a subdued level of first-time buyers and increased share of cash buyers. Move-up buyers with considerable down payments and those with cash made up the bulk of the sales activity in November. Inventory conditions continue to be markedly better at the upper end of the market.”
8 Factors that enhance a homes value
A Word from Downing-Frye Broker & General Manager Mike Hughes: A Big “Thank You”
As 2017 came to a close, I always tend to reflect on the past year. It was an unusual year to say the least. We had one of the largest fires ever to hit Collier County. Lee County had their share of fires as well. Many of your fellow Realtors were in harm’s way with the fires that took place in our counties. Pretty scary experience. Following the fires, Marco Island and Naples took a direct hit from Hurricane Irma. Bonita took a strong hit as well. Irma was a strong, Category-5 hurricane a week before it hit us. We all saw what Hurricane Sandy did to the Northeast as a Category-1 storm. Irma hit us as a Category-3 storm. The ensuing week, we dealt with long gas lines, no power and closed offices. The fourth quarter of real estate was weighed down by the recovery from the storm. Despite our challenges from mother nature, our year-end sales will be very close to what we did in the previous year. That isn’t bad because for all practical purposes, we had an eleven-month year in 2017 as we largely lost a month due to the hurricane. The Downing-Frye family continued to grow as 190 agents joined us in 2017. Once again, we were voted “Best Real Estate Office” by the Naples Daily News readers. In the first part of the year, we opened an office on Marco Island and welcomed 28 Marco agents to the Downing-Frye family. I am very proud of this company and continue to enjoy the many friendships that I have made over the years. Downing-Frye has a big heart. “Yes Virginia, there is a Santa Claus. He is in the hearts and souls of the Downing-Frye family.”