Sunday, September 8, 2024 / by Mike Shoaff
Collier County: A Top Retirement Destination in Florida
As a long-time REMAX agent in Naples, Florida, I’m not surprised that Collier County continues to rank among the best places to retire in the Sunshine State. With its breathtaking Gulf Coast beaches, vibrant communities, and endless recreational opportunities, it’s easy to see why so many retirees choose to call this part of Southwest Florida home.
In a recent survey conducted by SmartAsset, Collier County earned the sixth spot on the list of top retirement destinations in Florida. This recognition further highlights the area’s appeal for those looking to enjoy their golden years in paradise.
What Makes Collier County a Great Place to Retire?
Several factors contribute to Collier County’s high ranking, including:
• Low tax burden
• Top-notch medical care
• Abundant recreational opportunities
• A wide range of active retirement communities
These elements combine! ...
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naples real estate agent, remax, market update
Monday, June 27, 2022 / by Mike Shoaff
Naples, FL (June 26, 2022) – Overall home inventory in Collier County was up 59% in May 2022 compared to May 2021, according to a market report from the Naples Area Board of Realtors (NABOR). In addition, pending sales and overall closed sales were down 36% and 25%, respectively, while new listings increased 8%. The median closed price increased 40% from May 2021 to $608,000, with homes staying on the market for an average of 16 days.
“Inventory has been rising since December,” said Mike Shoaff, REALTOR at REMAX in Naples. “By the end of May, our inventory in Naples has nearly doubled since the same time a year ago. And if you include the 889 homes that had a price reduction in May to this inventory mix, then we’re in good shape heading into summer. Price reductions are basically like new listings because the home’s new price point becomes a new opportunity to a larger pool of buyers.”
Though many of the brokers reviewing the repo; ...
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market update
Monday, May 23, 2022 / by Mike Shoaff
Naples, FL (May 23, 2022) – Overall inventory in Naples during April increased 16.5 percent to 1,668 properties from 1,432 properties in April 2021. Fueled by a swell of new single-family home listings, up 5.7 percent over last year, broker analysts reviewing the April 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), are confident the Naples area housing market has reached a crossroad and is making its turn toward a balanced and healthy market.
The overall median closed price in April increased 39.2 percent to $599,000 from $440,000 in April 2021. The uptick reflects the low number of sales in the $300 and below price category. Median closed prices continue to rise in the single-family home market, up 8.7 percent from March, but median closed prices during April in the condominium market decreased 1.1 percent from March.
The NABOR® Ap ...
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market update
Monday, June 7, 2021 / by Mike Shoaff
Crypto and Buying a Home
Evan Dunn
Originally posted on Porch.com
If you’ve ever walked around at an arcade with a couple pocketfuls of game tokens or won similar tokens at a fair to be exchanged for candy and stuffed bears, you already know how cryptocurrencies work. Except cryptocurrencies, like Bitcoin and Ethereum, are digital currencies that can be used to purchase goods and services. Today, there are more than 6,700 types of cryptocurrencies, some better known than others. Traded as commodities on the stock market and known for their volatility, cryptocurrencies have become increasingly mainstream as more people invest in them and trust the blockchain technology employed to secure them. In fact, some people are using their crypto assets to purchase large, expensive items—like houses!
Introduction to Cryptocurrencies
Major cryptocurrencies such as Bitcoin, Ethereum, XRP, and others are a digital form of currency. Once you own them, you can use them t ...
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market update
Friday, July 17, 2020 / by Mike Shoaff
SWFLA Stats to Consider:
Inventory: On May 8th we had 13,735 Active listings and as of July 16th we are down to 11,190, a drop in overall inventory by almost 19%. We have just under 4 months of active inventory.
Pending Sales: The past 7 days stats show 1,179 pending which is still WAY above average and at this rate would almost double the past 12 months of sales (32,082). We've also had 4,086 go pending in the past 30 days which still reflects a 35% increase.
Sold Homes: The past 7 days show 651 sold which is up 6% from our 12 month average (615 sold per 7 days). Furthermore, we've had 2,905 closed sales in the past 30 days, up almost 33% since June 19th and up 11% from our last 30 day 12 month average (2,636 closed per 30 days).
At the past 30 day rate of "sold" absorption we only have 3.80 months worth of active inventory and at the past 30 day "pending" rate of absorption we only have 2.74 month ...
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market update