The Isles at Collier Preserve is to be built on 2300 acres of preserve, the intention of Minto, who are building this new development, is to leave over half of the area as a natural habitat for wildlife. The communitiy is to be set around lakes and waterways, providing not only walking and hiking trails for residents, but also kayak trails, with 1600 waterfront homes to be built. Residents at the Isles will have access to Hamilton Harbor Yacht Club, a full service marina, providing boat docks and access to the Gulf of Mexico.

Now under construction, the Isles at Collier Preserve is well underway, with the sale center anticipating it's opening in the fall of 2013, then swiftly followed by model new homes in early 2014. With the economy on an upswing in Naples, new construction has certainly taken off in many areas of the city, however, the Isles is going to be the one to watch for next season.

Naples, Florida attracts the rich and famous, why, because it has long been known for it's white sand beaches and warm tropical breezes as a place to spend the winter months, plus we have an abundance of luxury homes, Naples has an ambience all of it's own, Old Naples the area from central avenue south, down past 5th ave and 3rd street all the way to Port Royal is known as Olde Naples, it has an island like feel with many roads leading to the water. While to the north side of Naples there are gated communities, golf courses and country clubs. This area abounds with luxury homes belonging to the rich and famous. Many of Naple's residents have other homes all over the world, but seek out Naple's for its unique ambience, small streets lined with restaurants and art galleries, this is a sophisticated place where the rich and famous celebrities can blend in and enjoy.

There are repudedly many celebrity homes in Naples, Florida,Bob Seagar owns two homes, one in Seagate and another luxury home on the beach. Larry Bird has had a home in Park Shore for many years. Robin Cook the writer also has a home in Park Shore, Judith Sheindlin more well known at Judge Judy lives in the Bay Colony area of Pelican BayJose Feliciano, who is famous for singing "I wish you a merry Christmas from the bottom of my heart" lives just north of Naples in Lehigh Acres. Other famous Naples' celebrities include, Actress Jayne Seymour, and believe it or not, the world famous director Steven Spielberg, Alex Lifeson the guitarist from Rush has a home in Pelican Bay, Neil Boortz the talk show host lives at The Dunes in Naples, Sean Hannity another conservative talk show host has a condo in Moraya Beach Tower, Matt Birk Super Bowl XLVII champion with the Baltimore Ravens has retired to Naples, football Coaches Mike Ditka and Don Shula also live here.

The area of southwest Florida has many other wonderful exotic places to live these attract their fair share of celebs too, John Mooney the blues guitarist lives on Pine Island, Ricky Medlocke lead guitarist for Lynyrd Skynrd lives part time in Fort Myers.

Naples became a place for the rich and famous to retreat to many many years ago, starting with Thomas Edison and Henry Ford, in their time they would have enjoyed peace and quite as Naples was probably off the map, celebrities choose Naples for the same reasons, peace and quite, so if you happen to bump into a celebrity whilst shopping at Publix or walking the beach, let's respect their privacy and give them a little elbow room.

We have had such fantastic feedback from the community and we are proud to finally share this special new neighborhood with the people of Naples. The houses are selling like hot cakes!!! DO NOT HESITATE TO ARRANGE A VIEWING, THESE ONE OF A KIND HOMES WILL NOT LAST LONG!

This highly anticipated new community located within the prestigious Olde Cypress neighborhood boasts luxury homes, located in a prime area in the beautiful city of Naples, Florida. We have extraordinary model homes available for viewings right now! We have been working closely with Stock Construction, our affiliate builder, to ensure our ability to offer clients the best deals on these homes. Popular demand means that we are confident in our ability to sell the remaining houses very soon, and we do not want you to miss out on the opportunity to own property in Lantana.

Click Here To Arrange A Viewing Or To Get More Information!

Naples Area Board Of Realtors - 2012 Market Report

2012 MEDIAN CLOSED PRICE INCREASED 17 PERCENT

Contacts:

Wes Kunkle, NABOR President & Media Relations Committee Chairman, (239) 216-2839

Marcia Albert, NABOR Director of Marketing, (239) 597-1666

Naples, Fla. (Jan. 18, 2013) - The Naples area overall median closed price increased a remarkable 17 percent from $175,000 in 2011 to $204,000 in 2012, according to a report released by the Naples Area Board of REALTORS (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).

"At our annual Economic Summit held in April, Dr. Lawrence Yun, Chief Economist of the National Association of REALTORS, predicted a 10 percent increase in the overall median price by the end of 2012," stated Brenda Fioretti, Managing Broker at Prudential Florida Realty. "At the time, many people were incredulous with his assessment, but now today we are delighted to see the real estate market's prices rebounding and surpassing estimates."

The NABOR 2012 Annual Report provides comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR annual sales statistics are presented in chart format, including these overall (single-family and condominium units) findings:

- Overall closed sales increased 9 percent, from 8,345 units in 2011, compared to 9,121 units in 2012. Overall closed sales increased 20 percent in the $300,000-$500,000 category, from 1,129 units to 1,357 units, and increased 29 percent in the $500,000-$1 million category, from 794 units to 1,022 units, from 2011 to 2012, respectively.

- Overall pending sales increased 6 percent, from 10,070 pending sales in 2011 to 10,683 pending sales in 2012.

- Overall inventory decreased by 13 percent, from 7,581 listed properties in 2011 to 6,557 listed properties in 2012. Pending sales with contingent contracts are included in the overall inventory number.

- Overall pending sales in the Naples coastal area increased 15 percent, from 1,791 units to 2,057 units, in 2012. Closed sales increased 14 percent, from 1,641 units in 2011 to 1,869 units in 2012.

"2012 was a very good year across the board for the Naples area real estate market," stated Mike Hughes, Vice President and General Manager of Downing-Frye Realty. "From overall pending sales to closed sales and higher median closed prices, along with a continued decrease in inventory, it was a strong year. So strong, in fact, that we now would like to see higher levels of available inventory."

Thomas A. Bringardner Jr., President and CEO of Premier Commercial, added "The continued economic recovery, both nationally and locally, as well as the decrease in the unemployment rate (dropping to 7.8 percent for Collier County in November 2012) and increase in tourism is benefitting the residential and commercial market."

"The overall commercial market has remained relatively steady and now we are seeing modest improvements," he said. "Recent large deals, including the sale of the Fifth Third Bank building and the Venetian Village, in addition to large land deals, highlight the improvement in the commercial market."

The NABOR 2012 Fourth Quarter Report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR fourth quarter statistics are presented in chart format, including these overall (single-family and condominium units) findings:

- Overall closed sales increased 22 percent, from 1,689 units in fourth quarter 2011 to 2,061 units in fourth quarter 2012. Overall closed sales increased 58 percent in the $300,000-$500,000 category, from 207 units to 328 units, and increased 51 percent in the $500,000-$1 million category, from 146 units to 221 units, from fourth quarter 2011 to fourth quarter 2012, respectively.

- The median closed price increased 24 percent overall, from $165,000 in fourth quarter 2011 to $205,000 in fourth quarter 2012.

- Overall pending sales increased 8 percent, from 2,250 pending sales in fourth quarter 2011 to 2,422 pending sales in fourth quarter 2012.

- Overall inventory decreased 13 percent, from 7,580 units for fourth quarter 2011, compared to 6,557 units in fourth quarter 2012.

To view the entire report, visit the link provided below.

The Naples Area Board of REALTORS (NABOR) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR is a local board of REALTORS and real estate professionals with a legacy of nearly 60 years serving 4,000 plus members. NABOR is a member of the Florida Realtors and the National Association of REALTORS, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS nationwide. NABOR is structured to provide programs and services to its membership through various committees and the NABOR Board of Directors, all of whose members are non-paid volunteers.

The term REALTOR is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS and who subscribe to its strict Code of Ethics.

Residences from the $400s!

As Lantana gets ready for its Grand Opening Weekend, January 26th - 28th, there is already quite a buzz surrounding this much anticipated last neighborhood at Olde Cypress. The neighborhood will offer its most successful floor plans, and homebuyers will get their first peak at six spectacular models by some of Southwest Floridas finest interior designers. All of these brand new, beautifully designed models are also available for leaseback. Here are the models and their designers:

• San Remo III - Pizzazz Interiors - Joanne Wilseck
• Tivoli III - Nancy Peck Interiors
• Orchid II - Pizzazz Interiors - Diana Hall
• Jasmine II - Pizzazz Interiors - Maria Price
• Ruffino II - East Indies Home & Design
• Montessa II - Cherie Clark Interiors

"The Official Report" - Courtesy of Stock Development

Real Estate Joe proudly offers beautiful homes in Lantana. Call us to arrange a viewing!

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So after weeks of talks and with an entire nation on the edge of their seats, as well as the edge of economic collapse, the political parties managed to find a middle ground and sign a bill which extends current tax relief on selling a home using short sales!

If the government figured it all out, then what is the meaning of my title? Well the truth is, we actually did not avoid the fiscal cliff, we actually went over. It's just that the bills passed will take effect before any real negative downturn can kick in economically speaking. Why is the cliff avoided for now? Simply because we did not get any genuinely solid tax reform going forward into the future, these are only temporary fixes, due to be reviewed again this time next year.

With one in every four home owners currently owing more than their home is worth, we are happy to see that we will have at least one more year to sell these homes and help people to move on with their lives while avoiding a big tax bill on the cash they scrape back from the deal.

So while we should all be happy that the problem has been fixed for now, keep an eye on what happens with these issues over the next 12 months as we may well see a similar situation arise next holiday season.

While I sit here writing this at 8pm on Saturday December 29, most of the people in the city are out enjoying their evening. Be it dinner and drinks, shopping, or visiting one of the many fantastic local bars, Americans everywhere are carrying on like normal, contributing to a recovering economy under the caring guidance of government tax breaks and growing consumer confidence.

It all seems great on the surface, people out spending money, having a good time. That is until you take into consideration the fact that this may well be the best weekend that our economy enjoys for a while.

The fiscal cliff looms, and it is not something to be ignored. With a politically divided country, and thus a divided government, it sometimes seems that nothing can ever get worked out in a timely fashion. Frustrating for citizens who vote these very same politicians into office in order to represent their views and wishes.

Now, regardless of anyones political views. Be it republican or democratic. We can all agree that to allow our country to continue over the edge of this fiscal cliff would be somewhat undesirable.

With that being said, I am not here to discuss party politics. Lets spend some time to take a look at how the upcoming tax adjustments could affect Americas blossoming housing market, and how that in turn will affect all of us.

So a few years ago we experienced a global economic crisis. Banks closed or merged, business closed, homes were lost, jobs gone, and we all stood in shock pointing fingers at the very banks we were then asked to bail out further. It was a low point in the history of this great nation, a proud country full of proud people who like to consider themselves at the forefront of the modern world.

As all of this unfolded the depreciation of property began. People were scared, and a lack of confidence in our type of economy can have shocking consequences. As the world shook, the government stepped in to help its people with tax breaks, including some generous schemes to help homeowners who now found themselves in debt, to write off the remainder of the money they owe, and accept the proceeds as payment in full. This is called a short sale

With the fiscal cliff we are also at risk of losing the provision that erases taxes on a home that is sold for less than what is owed to the bank. Hence no more short sales.

Not only are short sales a faster way for lenders to get bad loans off the books, it also helped the people, which in turn helped to boost the economy further. Bank of America reported 62,000 borrowers have completed short sales that actually saved them $7.4 billion in debt, or an average of about $120,000 each!

The impact of the increased taxes could be catastrophic for a fragile housing market that has only recently been showing signs of improvement. With the expiration of the tax break sellers owing more than what their home is worth would also have to write a big check to the tax man, and with one in four homeowners owing more than their homes value, you can imagine the impact this would have on the market.

The economic improvement would at least stutter, if not stop altogether. Owners would think twice before selling when taking into consideration the extra money they would have to find in order to pay the required tax.

Before the housing collapse, the forgiven mortgage debt was considered as ordinary income and taxed accordingly. Under those rules, the average household would owe about $19,000 tax on the average settlement relief so far.

After the collapse, Congress passed the Mortgage Debt Relief Act. This protects forgiven debt from taxes. The law was extended in 2010 but is due to expire at the end of the year unless Congress acts. The law helped to pull the housing industry out of the worst recession seen in almost a hundred years. To bring back this tax at this time could in theory jeopardize almost a quarter of American home sales in the upcoming year.

If homeowners decide not to pursue the short sale option and instead allow the property to be foreclosed, this would have a more negative impact on the neighborhood and on the overall local home values.

With short sales allowing lenders to save the cost of seizing and maintaining homes, as well as the fact that the average price of a bank-owned property transferred in short sale is about $30,000 higher than that of a foreclosed home, banks and consumers alike must all be hoping that the current talks result in a deal that would allow the taxes on selling homes to stay at a lower rate, thus helping to continually improve the housing market for the 2013 year.

Freddie Macs month-end survey of 125 nationwide banks put the average rate for a 30 year fixed-rate mortgage at 3.32% for borrowers willing to pay 0.8 discount points. Staying just 0.01 percentage point above the record low rates we witnessed prior to Thanksgiving! With other mortgage products displaying a similarly low average, it seems that this is indeed a fantastic time to purchase that dream home, without over-extending your bank balance...........

Check out some other nationwide average rates released by Freddie Mac ;

- 30 year fixed mortgage : 3.32%

(Lowest rates since Freddie Mac survey began in 1971)

- 15 year fixed mortgage : 2.64%

(Lowest since 1991)
- 5 year Treasury-indexed hybrid adjustable-rate mortgage : 2.72%

(Lowest since July 2005)
- 1 year Treasury-indexed ARM loans : 2.56%

(Lowest since a year ago, when rates hit a record low not seen since 1984)

So with the economy growing, the price of homes are also on the rise, which means that we are currently in one of the most ideal situations for anyone looking to purchase a new home.

Buyers Beware!!!

This almost perfect recipe that our economy has concocted for the home buyer will eventually ruin if left in the oven too long! Steady job creation and rising consumer confidence means that more and more people are choosing to purchase every day, this causes the home inventories to shrink, and thus house prices to rise. In addition to this, the current economy has also lead to a rise in rent prices so, within some housing markets, it is actually less costly to own a home than to rent a comparable property.

This can not and will not last forever. With new employment reports expected to show a positive upturn, and the Case-Shiller Index showing home values making annual gains, as well as the improvement in home sales across the nation, we are sure to see growing rates in the foreseeable future.

The Future Looks Bright

Another very reassuring fact was that the Federal Reserve also announced its plans to take action and help to speed economic growth should the improvements shown in the U.S economy begin to slow.

Some other key economic reports that should interest any good citizen!

- Labor Department shows first-time unemployment filings dropping by 23,000 claims

- Commerce Department shows that the Gross Domestic Product increased at a 2.7% annual rate in Q3 2012

- Existing Home Sales report shows home sales up 2.1%

- Pending Home Sales Index jumps to its highest point since April 2010

The low mortgage rates, growing house prices, and steady economy combine to offer a housing market that gives fantastic opportunities for buyers investing in a new home. The time to buy is now!

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