Naples Home Searcher Blog

Friday, February 16, 2024   /   by Mike Shoaff

Nearly 60% of Home Sales in Naples Transacted in Cash

A recent report highlights a significant uptick in cash purchases for homes in Naples, Florida, from the latter half of 2023 through early 2024. Compiled by a local naples real estate agent using Attom Data, the report reveals Naples as the regional leader, with 58.9% of transactions conducted in cash. Close behind are Cape Coral and Fort Myers, with 52.2% of home sales completed through cash transactions. This surge is credited to the allure of Southwest Florida's vibrant coastal communities for both investors and homebuyers. Despite higher interest rates in 2023, cash transactions persist due to their speed and certainty, offering buyers a competitive edge. The data underscores a strong demand for properties in the area, reflecting buyers' confidence in the region's long-term investment potential. For more information on this article, please visit the full webpage at https://www.businessobserverfl.com/.
For those interested in buying or selling real estate in Naples, Florida, . ...

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Thursday, February 8, 2024   /   by Mike Shoaff

Naples Shines on 'Jeopardy!' as Pickleball Capital of the World

Naples, Florida, known for its luxurious amenities and stunning coastline, received a moment in the spotlight on the popular game show "Jeopardy!" when a clue about the city's designation as the "capital of the world" for pickleball was featured. Contestant Lisa Sriken correctly identified the sport, showcasing Naples' prominence in the pickleball community. With its annual hosting of the Minto U.S. Open Pickleball Championships and ongoing construction of new courts, Naples solidifies its reputation as a hub for pickleball enthusiasts. 


For a list of the best pickleball communities, contact me today. I have a list of public and private areas that you may be interested in. Mike Shoaff, Naples Real Estate Agent with REMAX Hallmark in downtown Naples.





Mike Shoaff, REALTOR - REMAX Hallmark Naples, Fl ...

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Thursday, February 1, 2024   /   by Mike Shoaff

Florida and Ohio Real Estate Markets: Heat Rises in Orlando, Tampa, Cincinnati, and Columbus for 2024

In the scorching arena of real estate, Orlando and Tampa are set to shine brightly this year, securing their positions among the top 10 sizzling markets of 2024, as per the latest report from Zillow.
After scrutinizing the top 50 metropolitan areas by population, Orlando snagged the ninth spot while Tampa closely followed at the 10th position. Buffalo, New York, clinched the lead, trailed by Cincinnati, Ohio, and Columbus, Ohio, among others.
So, what’s the common thread among these hotspots?
Zillow attributes their allure to a mix of factors including robust job growth, swift home sales, a plethora of eager buyers, and the expectation of steady home values.
Florida's job market is thriving, with FloridaCommerce reporting a surge in the labor force, outpacing the national growth rate. In November 2023, Orlando saw a 2% job growth, adding 26,600 private sector jobs, while Tampa experienced a similar increase, adding 27,900 new private sector jobs.
A surge in job opportuniti ...

Thursday, February 1, 2024   /   by Mike Shoaff

Florida and Ohio Real Estate Markets: Heat Rises in Orlando, Tampa, Cincinnati, and Columbus for 2024

In the scorching arena of real estate, Orlando and Tampa are set to shine brightly this year, securing their positions among the top 10 sizzling markets of 2024, as per the latest report from Zillow.
After scrutinizing the top 50 metropolitan areas by population, Orlando snagged the ninth spot while Tampa closely followed at the 10th position. Buffalo, New York, clinched the lead, trailed by Cincinnati, Ohio, and Columbus, Ohio, among others.
So, what’s the common thread among these hotspots?
Zillow attributes their allure to a mix of factors including robust job growth, swift home sales, a plethora of eager buyers, and the expectation of steady home values.
Florida's job market is thriving, with FloridaCommerce reporting a surge in the labor force, outpacing the national growth rate. In November 2023, Orlando saw a 2% job growth, adding 26,600 private sector jobs, while Tampa experienced a similar increase, adding 27,900 new private sector jobs.
A surge in job opportuniti ...

Monday, January 8, 2024   /   by Mike Shoaff

Understanding the Impact of Reduced Mortgage Rates on Your Buying Potential

Aspiring homeowners embarking on the journey to purchase their dream home must comprehend the critical impact that mortgage rates wield on their financial capabilities. Fortunately, the landscape for 30-year fixed mortgages has witnessed a noteworthy decline since late October, currently resting at below 7%, as reported by Freddie Mac. This encouraging trend heralds advantageous prospects for buyers, as emphasized in a recent Bankrate article:
"The rate cool-off somewhat eases the housing affordability squeeze."
Edward Seiler, AVP of Housing Economics and Executive Director of the Research Institute for Housing America at the Mortgage Bankers Association (MBA), reinforces this positive outlook, stating:

"MBA expects that affordability conditions will continue to improve as mortgage rates decline..."
Understanding the Intersection of Mortgage Rates and Home Affordability
Comprehending the intricate relationship between mortgage rates and your monthly home payments is pivotal in! ...

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RE/MAX Hallmark Realty
Mike Shoaff
821 5th Ave South Suite 105
Naples, FL 34102

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2024. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2024. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
2024 Royal Palm Coast REALTORĀ® Association. All rights reserved. Information has not been verified, is not guaranteed, and is subject to change. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Florida Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Mike Shoaff - RE/MAX Blue Skies IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated: 2/27/2024 8:00 PM CST
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida Multiple Listing Services. Properties listed with brokerage firms other than Mike Shoaff - RE/MAX Blue Skies are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact Mike Shoaff - RE/MAX Blue Skies Data last updated 2/27/2024 8:00 PM CST.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2024. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
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