Naples Luxury Real Estate Blog

October Events at The Philharmonic Center for the Arts
Pops, American Style!Naples Philharmonic Orchestra
Hayes Hall
Saturday, October 4, 2008 at 8:00 PM

American Brass FestivalNaples Philharmonic Orchestra
Daniels Pavilion
Sunday, October 5, 2008 at 3:00 PM

American Brass FestivalNaples Philharmonic Orchestra
Daniels Pavilion
Tuesday, October 7, 2008 at 8:00 PM

Mozart Magic — Mozart's RequiemNaples Philharmonic Orchestra
Hayes Hall
Saturday, October 11, 2008 at 8:00 PM

Digital Photography Workshops
J. Tomas Lopez, Director of Electronic Media,University of Miami

Lifelong Learning Workshop
Toni Stabile Education Building
Friday, October 17, 2008 at 10:00 AM

The Charlie Daniels Band
Hayes Hall
Friday, October 17, 2008 at 8:00 PM

Classic Rock All-Stars
Hayes Hall
Saturday, October 18, 2008 at 8:00 PM

Larry Dinkin
Larry Dinkin: A RetrospectiveMuseum Lecture
Daniels Pavilion
Friday, October 24, 2008 at 10:00 AM

Fall Music Festival — Dvorak, Nielsen & Mozart
Naples Philharmonic Orchestra
Hayes Hall
Saturday, October 25, 2008 at 8:00 PM


November Events
Opening Night Gala
From Broadway to Opera!
Naples Philharmonic Orchestra
Hayes Hall
Saturday, November 1, 2008 at 8:00 PM



Classical No. 1
The Romantic Ideal
Naples Philharmonic Orchestra
Hayes Hall
Thursday, November 6, 2008 at 8:00 PM

Classical No. 1
The Romantic Ideal
Naples Philharmonic Orchestra
Hayes Hall
Friday, November 7, 2008 at 8:00 PM


Classical No. 1
The Romantic Ideal
Naples Philharmonic Orchestra
Hayes Hall
Saturday, November 8, 2008 at 8:00 PM


Four O’clock at the Movies — The Edge of Heaven
Elaine Newton
Professor Emeritus of Humanities
York University, Toronto
Lifelong Learning Movie Review
— SOLD OUT —
Daniels Pavilion
Monday, November 10, 2008 at 4:00 PM


The Opera as Theater
Joe Leonardo, Professor Emeritus
Temple University Theater Department
Lifelong Learning Lecture
— SOLD OUT —
Toni Stabile Education Building
Tuesday, November 11, 2008 at 2:00 PM


Four O’clock at the Movies — The Edge of Heaven
Elaine Newton
Professor Emeritus of Humanities
York University, Toronto
Lifelong Learning Movie Review
— SOLD OUT —
Daniels Pavilion
Tuesday, November 11, 2008 at 4:00 PM


Critic’s Choice
Elaine Newton
Professor Emeritus of Humanities
York University, Toronto
Lifelong Learning Book Review
Daniels Pavilion
Thursday, November 13, 2008 at 10:00 AM


Critic’s Choice
Elaine Newton
Professor Emeritus of Humanities
York University, Toronto
Lifelong Learning Book Review
Daniels Pavilion
Thursday, November 13, 2008 at 1:30 PM



Broadway Medley
Joe Leonardo, Professor Emeritus
Temple University Theater Department
Lifelong Learning Lecture
Toni Stabile Education Building
Thursday, November 13, 2008 at 2:00 PM


Bizet's Carmen
Hayes Hall
Thursday, November 13, 2008 at 8:00 PM



Elizabeth Ferrer
Lola Álvarez Bravo
Museum Lecture
Daniels Pavilion
Friday, November 14, 2008 at 10:00 AM


Critic’s Choice
Elaine Newton
Professor Emeritus of Humanities
York University, Toronto
Lifelong Learning Book Review
Hayes Hall
Saturday, November 15, 2008 at 10:00 AM



Major/Minor Concert
Naples Philharmonic Orchestra
Hayes Hall
Sunday, November 16, 2008 at 7:00 PM



Ballroom Dance
Alec Lazo, champion dancer
Lifelong Learning Dance Class
Daniels Pavilion
Monday, November 17, 2008 at 5:00 PM



Meet the Musicians and their Musical Children
Paul Votapek, clarinet with
Stephen, Serena and Marisa
Naples Philharmonic Orchestra
Toni Stabile Education Building
Monday, November 17, 2008 at 7:00 PM



Doobie Brothers
Hayes Hall
Wednesday, November 19, 2008 at 8:00 PM


The Christmas Music Of Mannheim Steamroller
By Chip Davis
Hayes Hall
Thursday, November 20, 2008 at 8:00 PM


Digital Photography Workshops
J. Tomas Lopez
Director of Electronic Media
University of Miami
Lifelong Learning Workshop
— SOLD OUT —
Toni Stabile Education Building
Friday, November 21, 2008 at 10:00 AM



Fall Music Festival — Shelley Plays Saint-Saëns
Naples Philharmonic Orchestra
Hayes Hall
Friday, November 21, 2008 at 8:00 PM



Fall Music Festival — Shelley Plays Saint-Saëns
Naples Philharmonic Orchestra
Hayes Hall
Saturday, November 22, 2008 at 8:00 PM



Vivaldi's World
Sypert Salon Series
Naples Philharmonic Orchestra
Daniels Pavilion
Sunday, November 23, 2008 at 3:00 PM



George Balanchine’s The Nutcracker™
Miami City Ballet
Naples Philharmonic Orchestra
Hayes Hall
Saturday, November 29, 2008 at 2:00 PM



George Balanchine’s The Nutcracker™
Miami City Ballet
Naples Philharmonic Orchestra
Hayes Hall
Saturday, November 29, 2008 at 8:00 PM



George Balanchine’s The Nutcracker™
Miami City Ballet
Naples Philharmonic Orchestra
Hayes Hall
Sunday, November 30, 2008 at 2:00 PM



George Balanchine’s The Nutcracker™
Miami City Ballet
Naples Philharmonic Orchestra
Hayes Hall
Sunday, November 30, 2008 at 7:00 PM

December Events
Ballroom Dance
Alec Lazo, champion dancer
Lifelong Learning Dance Class
Daniels Pavilion
Monday, December 1, 2008 at 5:00 PM



Latin Dance Party
Alec Lazo, champion dancer
Lifelong Learning Dance Class
Daniels Pavilion
Monday, December 1, 2008 at 7:00 PM



Meet the Musicians and their Musical Children
Martha Cornell, flute with Caroline and Nathaniel
Naples Philharmonic Orchestra
Toni Stabile Education Building
Monday, December 1, 2008 at 7:00 PM



Dave Koz and Friends
A Smooth Jazz Christmas 2008
Hayes Hall
Tuesday, December 2, 2008 at 8:00 PM



Classical No. 2
Mystical Mendelssohn
Naples Philharmonic Orchestra
Hayes Hall
Thursday, December 4, 2008 at 8:00 PM



Classical No. 2
Mystical Mendelssohn
Naples Philharmonic Orchestra
Hayes Hall
Friday, December 5, 2008 at 8:00 PM



Critic’s Choice
Elaine Newton
Professor Emeritus of Humanities
York University, Toronto
Lifelong Learning Book Review
Hayes Hall
Saturday, December 6, 2008 at 10:00 AM



Classical No. 2
Mystical Mendelssohn
Naples Philharmonic Orchestra
Hayes Hall
Saturday, December 6, 2008 at 8:00 PM



Nunsense: A Musical Comedy
Starring Sally Struthers
Hayes Hall
Sunday, December 7, 2008 at 2:00 PM



Sunday Jazz Series:
Dick Hyman Plays Fats & Duke
Lifelong Learning Discussion/Performance
Daniels Pavilion
Sunday, December 7, 2008 at 3:00 PM



Nunsense: A Musical Comedy
Starring Sally Struthers
Hayes Hall
Sunday, December 7, 2008 at 8:00 PM



Four O’clock at the Movies
Elaine Newton
Professor Emeritus of Humanities
York University, Toronto
Lifelong Learning Movie Review
— SOLD OUT —
Daniels Pavilion
Monday, December 8, 2008 at 4:00 PM



Four O’clock at the Movies
Elaine Newton
Professor Emeritus of Humanities
York University, Toronto
Lifelong Learning Movie Review
— SOLD OUT —
Daniels Pavilion
Tuesday, December 9, 2008 at 4:00 PM



Andrew Todd Recital
Chamber Music Masterworks
Naples Philharmonic Orchestra
Daniels Pavilion
Wednesday, December 10, 2008 at 8:00 PM



Critic’s Choice
Elaine Newton
Professor Emeritus of Humanities
York University, Toronto
Lifelong Learning Book Review
Daniels Pavilion
Thursday, December 11, 2008 at 10:00 AM



Critic’s Choice
Elaine Newton
Professor Emeritus of Humanities
York University, Toronto
Lifelong Learning Book Review
Daniels Pavilion
Thursday, December 11, 2008 at 1:30 PM



Phoebe Snow
Hayes Hall
Thursday, December 11, 2008 at 8:00 PM



Dirty Rotten Scoundrels
Hayes Hall
Friday, December 12, 2008 at 8:00 PM



Seasonal Treasures
Naples Philharmonic Orchestra
First Presbyterian Church
Saturday, December 13, 2008 at 8:00 PM


Idols in Concert for the Holidays
— CANCELED —
Hayes Hall
Saturday, December 13, 2008 at 8:00 PM


Dirty Rotten Scoundrels
Hayes Hall
Saturday, December 13, 2008 at 8:00 PM



Classical & Romantic Quintets
Sypert Salon Series
Naples Philharmonic Orchestra
Daniels Pavilion
Sunday, December 14, 2008 at 3:00 PM



The Irish Tenors
Christmas
Hayes Hall
Sunday, December 14, 2008 at 8:00 PM



Holiday Pops
Naples Philharmonic Orchestra
Hayes Hall
Tuesday, December 16, 2008 at 8:00 PM



Holiday Pops
Naples Philharmonic Orchestra
Hayes Hall
Thursday, December 18, 2008 at 8:00 PM



Holiday Pops
Naples Philharmonic Orchestra
Hayes Hall
Friday, December 19, 2008 at 8:00 PM



Holiday Pops
Naples Philharmonic Orchestra
Hayes Hall
Saturday, December 20, 2008 at 2:00 PM



Holiday Pops
Naples Philharmonic Orchestra
Hayes Hall
Saturday, December 20, 2008 at 8:00 PM



Holiday Pops
Naples Philharmonic Orchestra
Hayes Hall
Sunday, December 21, 2008 at 8:00 PM



Movin’ Out
Hayes Hall
Friday, December 26, 2008 at 8:00 PM



Movin’ Out
Hayes Hall
Saturday, December 27, 2008 at 2:00 PM



Movin’ Out
Hayes Hall
Saturday, December 27, 2008 at 8:00 PM



Movin’ Out
Hayes Hall
Sunday, December 28, 2008 at 2:00 PM



Movin’ Out
Hayes Hall
Sunday, December 28, 2008 at 8:00 PM



The David Sanborn Group
Hayes Hall
Monday, December 29, 2008 at 8:00 PM



New Year's Eve Gala
Big Band Bash!
Naples Philharmonic Orchestra
Hayes Hall
Wednesday, December 31, 2008 at 8:00 PM

Search Naples Luxury Waterfront Real Estate

LIGHT AT THE END OF THE TUNNEL?
In spite of all the negative news being reported almost daily, about the
Focus on the Wall Street carnage, there is good news both nationally
and locally to report on housing, based on pending sales.

NATIONAL STATISTICS
According to the National Association of Realtors, national pending
home sales rose by 7.4% from July and 8.8% more than a year ago.
Great news but real estate is local. So let’s take a look at what is
happening locally.

LOCAL STATISTICS
In September, home sales activity increased again for local Realtors.

Pending sales — sales that have yet to close — grew 106 percent, while overall home sales grew 50 percent, according to a monthly report by the Naples Area Board of Realtors.

The report shows sales made through the SunshineMLS, or multiple listing service, in Collier County, excluding Marco Island. There were 361 total sales in September, up from 240 a year ago. Meanwhile, pending sales grew to 481, from 234 last year.

Pending sales are up in all six geographic areas that NABOR tracks, from Naples Beach to Immokalee. The biggest jump was seen in Central Naples, where they grew nearly 244 percent to 110, up from 32 last year.

The highest number of sales was in North Naples — at 104.

Pending sales have been up the last eight months over last year, according to NABOR’s report. Sales have been up for nearly that long.

There were 92 sales made in the $500,000 to more than $2 million categories, up from 75 a year ago.

Historically, September is the slowest month of the year and generally reports a decrease in
sales and sales traffic but, not this year. Both pending sales and traffic are up substantially.
By now you might be wondering what caused the record surge in home sales, particularly in
light of the headlines of the last several years. There may be two possible explanations.

THE FIRST IS THE REACTION TO THE STOCK MARKET
The fact that the investors have been jittery about the stock market in search of better safe
investments. Typically, the 50% or more fall of the DOW mirrors the rise in existing home sales.
Some one much smarter than I said that if you want to know what is going to happen in the
market, you should watch which way money is flowing.
Smart money left the residential real estate market in 2004. Now there are signs that the smart
money flow is reversing with investors calling Grimes with 5 to 100 million to invest in the
distressed real estate market.

THE SECOND REASON IS THE PIPELINE OF LENDER’S FORECLOSURES
Homes are falling out of the bank’s foreclosure pipeline and hitting the market as Real Estate
Owned (REO). REO properties accounted for 44% of last months sales and slightly higher than
the 42% in private owner sales.
Short sales accounted for only 14% of the dramatic pending sales figures. So it’s not just big
dollars that are chasing real estate—home buyers are looking for the buy of a lifetime and are
getting them.
Furthermore, despite what you read, banks still have mortgage money for qualified buyers,
thanks to the existence of Fannie Mae and Freddie Mac, who are still purchasing mortgage
loans from the lenders.
Today’s market is affording serious home buyers discounts of 40% to 50% off the original price,
in certain segments of the market, where ample land was available for builders to develop large
numbers of housing units.
With such huge discounts being offered by banks, there is no shortage of buyers interested in a
once in a lifetime buy. Reports are coming in that we are beginning to see multiple bids on a
property and many are selling not only for the asking price but even more as bidding wars are
beginning to erupt.
This trend bodes well for the banks that are letting these properties go at bargain basement
prices and the likelihood that this continues indefinitely appears slim as the market recovers.
It should also bring confidence back to the banks not to rush to sell the homes at such bargain
prices but to slow down the pace of accepting low offers as the market improves.
So one would ask “Is Opportunity Knocking Now? I think the answer is definitely yes! One can
never tell when we’ve reached the bottom of the market until long after it has bottomed and
prices have risen but, there is no doubt that smart money is out there trying to snap up as much
as they can, at these prices, before they start their climb. And who can blame them for prices of
homes have returned to more affordable prices.
So, how long will these bargain basement prices last? If pending sales history is any indicator,
not too long, as homes continue to be snapped up and available inventories start to decline.
In times of turmoil, investors turn to hard assets like gold and real estate for while companies
and their stocks can evaporate, gold and real estate is always there, and always worth
something.
Both are something that always retains value. The supply and price of gold can fluctuate with
demand however, unlike gold, land is more finite and while its value is also influenced by
demand, its value is primarily determined by location, the more desirable, the more the cost.

Another way to explain what might behappening in today’s real estate market may be that old
adage “WHEN THERE IS BLOOD IN THE STREETS, BUY REAL ESTATE! “ There is
definitely blood in the streets, and apparently smart investors are following this advice.

Bay Colony Shores & The Estates at Bay Colony Golf Club September 2008, Closed Sale information: Homes $1,000,000 and up.

7 Active

Search Bay Colony Luxury Waterfront Homes for Sale
Contact Larry & Mary Catherine White Naples FL Luxury Beachfront Specialists
Info@NaplesLuxuryEstates.com
Source: SunshineMLS, Inc.

Labels: bay colony beachfront homes, bay colony luxury waterfront homes, bay colony naples fl real estate

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