Monday, November 24, 2008


Affordable Gated Homes in Naples Florida
listed below include property photographs, virtual tours, and the ability to shop and compare properties from various communities. Each community has property specific information including maps and price per square foot.

Homes and Condominiums for each community shown below


The Shores 8 Priced from $230,000
9 Condos from $153,500

Forest Park 15 Priced from $215,000

Glen Eagle 2 4 Priced from $229,900
63 Condos from $169,000

Briarwood 23 Priced from $299,900
6 Condos from $159,900

Countryside 9 Priced from $345,000
54 condos priced from $139,000

Firano 3 Priced from $479,995

Ashton Place 4 Priced from $479,000


Please contact Bernie East 239-248-1966







Monday, August 4, 2008

Naples FL Home Sales Through July 2008

As you can see we are showing some positive signs that we are heading away from the bottom, with sales in April, May, June and July of 2008 improving over both 2006 and 2007.

I can tell you my phone and e-mails are really up these last four months after a poor start to 2008, sellers have finally realized that if you want you property sold it has to be priced according to the market, 2004 pricing is history.
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Bernie East®
239-248-1966
239-687-4113 fax



Monday, May 5, 2008

Naples Condo For Sale $175,000





Looking for a vacation Condominium here is a deal for You
Deauville Lake Club $175,000


OWNERS SAY BRING THEM AN OFFER ON THIS CONDOMINIUM PRICED TO SELL THE VIEW FROM THIS CONDO IS SPECTACULAR, This unit is freshly painted throughout with new carpet and it comes TURNKEY FURNISHED just bring your toothbrush. This community has so much going with an active social calendar it boasts 2 Clubhouses and 2 swimming pools, Spa, lighted tennis courts and shuffleboard, library and card tables. This is your opportunity to live in a very active or private community bring your clients to see this property they will not be disappointed with this condominium.


BERNIE EAST REALTOR®
239-248-1966
AMERIVEST REALTY






Thursday, March 27, 2008

Bernie's Real Estate Listings in Naples FL

Please check out my Latest Video Listings in Naples Florida.
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Are you looking for a great buy in Paradise of Naples Florida, the property is here to buy for your second home, your retirement home,or just a property to invest in. Please do not miss the boat, the bottom feeders are here, homes price under $300k showed an increase in number of sales for the first time in 28 months.
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Bernie East
Amerivest Realty
239-248-1966
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Saturday, January 26, 2008

ENACTS Meeting FEB 11th 4.00pm

A meeting of ENACTS (East Naples Against County Transfer Site) is being called for Monday, February 11 at 4:00 p.m. at the Sherwood Clubhouse. We will present and discuss an update of the County meetings that have been held with Bill Kearney, Ron Rellinger, Bill Jones and Rudy Petorelli and County Transportation staff. In addition, we will discuss a strategy for future activities and review an update on the petitions and when they should be presented. Please plan to attend and bring a neighbor or friend who has been supportive of our efforts but has not had direct involvement. We are alive and well and your support and involvement is vitally needed. Hope to see you all on the 11th.

Friday, January 25, 2008

Real Estate for 2008

ORLANDO, Fla. -- Jan. 24, 2008 --
Florida’s housing market followed the national trend in 2007, as mortgage industry issues and a sluggish economy impacted sales and prices. By year’s end, a total of 130,241 homes sold statewide for a 29 percent decrease compared to the 183,988 homes sold in 2006, according to the Florida Association of Realtors® (FAR). However, 2007 is expected to be the fifth highest sales year on record for existing-home sales, according to the National Association of Realtors® (NAR).“What we experienced during the five-year boom cycle (2001-2005) was not a normal housing market,” notes 2008 FAR President Chuck Bonfiglio. “It was a market like we have never seen before. Existing-home median prices went up statewide over the past five years by some 60 percent; prices only declined in 2007 from 2006 by 5 percent. People are still experiencing a sizable return on their investment if they have owned their home over the past six years. The outlook for 2008 is that the housing market should start to normalize, that we should see some gains by the end of the year. Continued efforts to resolve Florida’s property insurance and property tax issues will also help revitalize our state’s housing market.”The latest market outlook from NAR predicts that, as conditions for the mortgage industry continue to improve, existing-home sales should hold fairly steady over the next few months, rise later in the year and continue to improve in 2009. “A meaningful recovery in existing-home sales could occur as early as this spring, or it may be further delayed toward late 2008,” says NAR Senior Economist Lawrence Yun. “Our consumer survey shows buyers today are in it for the long haul, planning to stay in their home for a median of 10 years. This is a wise approach to housing because the data shows the longer you own, the better your investment.”Florida’s median sales price for existing single-family homes for year-end 2007 was $233,600; a year ago, it was $247,100 for a 5 percent decrease. The median is the midpoint; half the homes sold for more, half for less. At the end of 2002, the statewide median sales price for single-family homes was $137,800, for an increase of 69.5 percent over the five-year-period, according to FAR records.Sales of existing condominiums in Florida also decreased last year, with a total of 41,478 condos sold statewide compared to 56,877 in 2006 for a 27 percent decline, according to FAR. The statewide median sales price for condos at year-end was $205,100, down 3 percent from the 2006 year-end condo median price of $211,500. NAR reported the national median existing condo price was $223,500 in October 2007.Interest rates for a 30-year fixed-rate mortgage at the end of 2007 averaged 6.34 percent, according to Freddie Mac, down from the average rate of 6.41 percent at the end of 2006. FAR’s sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written. Among the state’s larger markets, the West Palm Beach-Boca Raton Metropolitan Statistical Area (MSA) reported 6,971 existing homes sold last year compared to 8,640 homes sold in 2006 for a 19 percent decrease. The market's median sales price for homes was $369,400; in 2006, it was $384,700 for a 4 percent decrease. A total of 5,674 existing condos changed hands in the MSA last year, down 8 percent from the 6,139 condos sold in 2006. The existing condo median sales price in 2007 was $198,000; in 2006, it was $220,400 for a 10 percent decrease.“It’s absolutely critical now for people to work with a knowledgeable local Realtor who can help guide them through the process of buying or selling a home,” says John Mike, president of the Realtors Association of the Palm Beaches and a Realtor-sales associate with Prudential Florida WCI Realty. “We’re more than just a technological resource for a real estate transaction: A professional Realtor is a fountain of information and knowledge to have on your side when making one of the biggest financial investments most people will ever make. Just like in the military, you need the right intelligence to make the right decisions. When you go out to do battle in the real estate market, you ought to be armed with the best intelligence on the local housing market and community. That’s what a local Realtor will provide.”Among the state’s smaller markets, the Gainesville MSA reported a total of 2,644 homes sold in 2007 compared to 3,174 homes the previous year for a 17 percent decrease. The existing home median sales price was $210,400; in 2006, it was $213,200 for a 1 percent decline. A total of 939 existing condos sold in the MSA last year compared to 1,284 condos sold in 2006 for a 27 percent decrease. The market’s existing condo median price was $154,900; in 2006, it was $153,400 for an increase of 1 percent.J. Parrish, president of the Gainesville Alachua County Association of Realtors and president of Coldwell Banker M.M. Parrish, Realtors, says retirement trends for baby boomers likely will benefit the area. “You hear the research on how boomers are retiring earlier than their parents did, and that they want a more active lifestyle,” he says. “Therefore, they’re retiring to places where they can find the amenities of continued education, sports and cultural activities associated with university towns like Gainesville.”
© 2008 FLORIDA ASSOCIATION OF REALTORS

Monday, January 14, 2008

Mortgage Market Update


Keeping you updated on the market! For the week of January 14, 2008

Rollercoaster aficionados had a field day last week, for up-and-down volatility was the norm, not the exception. Countrywide Financial, the country's largest mortgage servicer, spent most of the week pressuring capital markets with rumors of bankruptcy, but then Bank of America rallied the markets by stepping forward and announcing it was purchasing the beleaguered mortgage giant in a $4 billion stock-exchange transaction.
Earlier in the week, the National Association of Realtors reported that pending home sales decreased 2.6% in November following a larger-than-expected 3.7% gain in October. But the grim outlook was tempered by Lawrence Yun, the NAR's chief economist, who said that although there could be some minor slippage in the first quarter, existing home sales should hold in a narrow range before trending up.
The disappointing pending-sales report was further mitigated by good news in the mortgage markets, where application volume both refinance and purchase surged 32.2% during the holiday shortened week ending Jan. 4, according to the Mortgage Bankers Association's weekly application survey.
What's more, application activity could surge again in coming weeks, thanks to plunging mortgage rates. By week's end, the prime 30-year fixed-rate mortgage averaged 5.87%, the 15-year fixed-rate mortgage averaged 5.43%, and the five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 5.63%, according to Freddie Mac's weekly survey. Mortgage rates are now at levels unseen since Sept. 2005.
BAD MEDICINE
Bank of America's rescue of Countrywide was received positively last week, as it should have been; no one wants to see the country's largest mortgage servicer go under. But there was a disconcerting acknowledgment in the accompanying press release: The combined company won't make subprime mortgages and will limit its purchases of large packages of loans from other lenders.
That's too bad, because the current mortgage crisis has never been about subprime mortgages per say: It has been about the pricing of subprime mortgages, which didn't reflect the risks involved. Down payments, interest rates, and fees have to reflect borrower risk. This is the economic rationale for giving someone with an 800 FICO score a 6% loan with nothing down and giving someone with a 600 FICO score a 9% loan with 20% down. That paradigm broke down, and needs to be revisited. As homes become more affordable, the last thing we want is to exclude qualified people from the housing market, and that includes people who only qualify for subprime mortgages. The key to successful lending is to appropriately price the risk of lending. Hopefully more people will embrace that economic maxim once the credit crisis subsides.
Subject: Your Weekly Newsletter from Dave Petrucelli TIB Bank 239-552-1006 Direct