Year End Market Review
Although inventory overall decreased 6%, the it increased in several price categories especially the luxury market. Inventory of homes above $2 million increased 33% in 2014 compared to 2013. Overall findings for 2014:
- Pending sales decreased 5% from 11,065 to 10,494
- Closed sales increased 1% from 9,723 in2013 to 9,826 in 2014
- Median closed price increased 13% from $240,000 to $270,000
- Inventory decreased 6% from 4,614 to 4,351
- Average days on market for 2014 was 82
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Featured Property $1,495,000
JUST LISTED!! Quoquina Sands - Single Family Home  750 Pine Court
Main House:
3 Bedrooms + Den 2 Bathrooms
2,140 Sq. Ft.
Built 1968
Location Location Location! Minutes from downtown, within walking distance to the beach, surrounded by mature Banyan trees and the scent of the Gulf in the air, a little slice of heaven on earth! Totally renovated in 2000, impeccably maintained and sits on a lot measuring just under ½ acre. Move in ready or customize to your liking, the options are virtually unlimited and plenty of room to work with. Some of the upgrades include French doors, plantation shutters, hardwood, custom built ins, flooring, crown, chair rail, Garland gas range, Elkay gourmet stainless sink, marble kitchen counters, fireplace, planked walls, upgraded kitchen cabinets, Chicago bricks in the courtyard deep garage a nd much much more, please ask for a complete list of improvements. A tremendous community in a fantastic location with a unique property in a very private setting, this one is well worth the time to have a look!
MLS ID # 214070908
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Mortgage Rate News
Per Freddie Mac, we finished 2014 with 30 year fixed mortgage rates at 3.87%. This is very close to the historic lows in the spring of 2013. However, the Mortgage Bankers Association (MBA) projects mortgage rates to be about 5% by the end of 2015. Even at 5% rates are well below the historical average of 8.5% for 30 year fixed mortgages.  - CNN Money reported the Federal Housing Administration will dramatically cut the costs associated with the mortgages it backs to make owning a home more affordable. Mortgage insurance is designed to protect the agency from borrowers defaulting on their loans. Premiums for FHA mortgage insurance, will be cut from 1.35% of a loan's value to about 0.85%. Click HERE to view CNN report
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Featured Property $1,395,000
Estates - Single Family Home  3510 3rd Avenue NW
Main House: Guest House:
6 Bedrooms 2 Bedrooms 4 Bathrooms 1 Bathroom
5,262 Sq. Ft. 973 Sq. Ft.
Built 2007
The Estates at its very best! Close in, custom built, late model, exquisite materials, guest house, manicured landscaping and plenty of room, everything on the check list and then some! Every aspect of this home was constructed purposefully and flows perfectly. Offering Porcelain flooring throughout the entire home, granite counters, upgraded cabinets, stainless appliances, under mount sinks, upgraded fans and fixtures, tile and glass showers, crown molding throughout, soaring tray ceilings with back lighting, huge master suite, custom closets throughout, outdoor kitchen and shower, salt water pool and spa, 2000 square foot travertine pool deck, security system, whole  house generator, hurricane glass, epoxy garage floors, fenced yard with coded gate and much much more. Please ask for a complete list of upgrades. The same materials were used to construct the guest house. 2.5 acres of private paradise with unlimited potential! "Must See" is thrown around often and loosely, but this property truly is.
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Why Should I Live In Naples?
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Downing-Frye Realty has been in business for 50 years and has been voted Best Real Estate Office in the Southwest Florida People's Choice Award contest for ten straight years.
Call me today for more information about homes in Southwest Florida.
P.S. The finest compliment I can receive is an introduction to friends or colleagues from an appreciative client.
View a list of events in the Naples area click here.
Matthew Klinowski
John R. Wood Properties
239-370-0892
Matt@NaplesGolfGuy.com
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Your #1 Source for SWFL Golf Properties
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Matthew Klinowski
With more than 150 golf courses in Southwest Florida - with varying types of initiation fees, memberships, course designers, and club amenities - the abundance of information can be overwhelming. Let me be your guide.
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GOLF TIP
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Improve Your Drives
Check out this video from one of the top 100 PGA teaching pros Dr. Suttie.
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Golf Joke
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Rider A foursome of elderly gentlemen went to the bar after a round of golf where the new Pro asked them "How did your game go today?" The first said he had a good round with 25 riders. The second said he did OK with 16 riders. The third said not too bad since I had 10 riders. The fourth was disappointed and said that he played badly with only two riders. The Pro was confounded by this term "rider" but not wanting to show his ignorance just smiled and wish them better golf the next time. He then approached Jerry the bartender and asked "Can you tell me what does this term 'riders' mean?" He smiled and explained that a "rider" is when you have hit a shot long enough to take a ride on a golf cart.
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