Monday, April 20, 2015

A Southwest Florida Real Estate Update From Terence Trombetti

Good afternoon!

If you are still interested in a beautiful Florida home, I will send you the current list of homes that fit your needs. Please send me what kind of property interests you, price, size, location and any additional details and I will email you the current list of homes that fit your needs. It isn't something new we've developed to help ease your information challenges in a better way, I simply provide you with the information you need, locate the home that best fits your requirements and negotiate the best contract possible.

I have been a licensed Realtor for over 11 years, and a resident of Florida for nearly 20 years and can answer all of your questions, and give you personal insight hard to find anywhere else. I look forward to working for you as your Florida Realtor. Call me any time with questions or if you are ready to see some beautiful Florida properties in person!

I have included some Florida property information for you below, and a few recent news stories. Let me know how I can help you further!

Thank you and kind regards,

Terence Trombetti
​Licensed​ Realtor® Since 2004
​​Gulf Coast Realty Network
4002 Del Prado
Boulevard S.
Cape Coral, FL 33990
Ph: 239.560.1574 | F: 239.540.1206

Summary for Cape Coral


Average price per square foot for Cape Coral FL was $114, an increase of 7.5% compared to the same period last year. The median sales price for homes in Cape Coral FL for Jan 15 to Apr 15 was $160,000 based on 1,025 home sales. Compared to the same period one year ago, the median home sales price increased 8.5%, or $12,500, and the number of home sales decreased 3.8%. There are currently 4,228 resale and new homes in Cape Coral on Trulia, including 8 open houses, as well as 1,288 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Cape Coral FL was $278,955 for the week ending Apr 01, which represents a decrease of 0.8%, or $2,110, compared to the prior week. Popular neighborhoods in Cape Coral include Pelican and Caloosahatchee, with average listing prices of $388,151 and $354,434.

Summary for Fort Myers


Average price per square foot for Fort Myers FL was $119, an increase of 10.2% compared to the same period last year. The median sales price for homes in Fort Myers FL for Jan 15 to Apr 15 was $167,000 based on 1,322 home sales. Compared to the same period one year ago, the median home sales price increased 8.4%, or $13,000, and the number of home sales decreased 18.6%. There are currently 2,234 resale and new homes in Fort Myers on Trulia, including 8 open houses, as well as 1,493 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Fort Myers FL was $344,197 for the week ending Apr 01, which represents an increase of 2.7%, or $9,178, compared to the prior week. Popular neighborhoods in Fort Myers include McGregor and Colonial Country Club, with average listing prices of $542,183 and $242,600.

Summary for Naples


Average price per square foot for Naples FL was $215, an increase of 11.4% compared to the same period last year. The median sales price for homes in Naples FL for Jan 15 to Apr 15 was $275,000 based on 1,926 home sales. Compared to the same period one year ago, the median home sales price increased 7.8%, or $20,000, and the number of home sales decreased 19.5%. There are currently 5,367 resale and new homes in Naples on Trulia, including 132 open houses, as well as 1,187 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Naples FL was $932,381 for the week ending Apr 01, which represents a decrease of 5.6%, or $55,455, compared to the prior week. Popular neighborhoods in Naples include Old Naples and Moorings, with average listing prices of $1,838,433 and $1,657,365.
The News-Press

Things to do in Cape Coral
The News-Press ..... 7:15 p.m. Cape Coral Yacht Club, 5819 Driftwood Parkway,Cape Coral. caloosadive.club ... •Ring of Fire gallery exhibit an invitational exhibit hosted by the Florida Society of .... a variety of large and small group prayeractivities including time for special focused prayers of blessing.

By CHUCK BALLARO (news@breezenewspapers.com) , North Fort Myers Neighbor ... The event featured not only great food but great entertainment from the Calendar Girls. ... North Fort Myers, FL 33903 ... Anna Galina and her daughter, Sophia, 10, from Cape Coral, came for the food and fun.
The MReport

Study Finds Houses Moving Fast in the West, Slow in the East
... U.S. this spring found that eight of the 10 fastest-moving housing markets are in California. ... One notable exception in the east is Cape Coral, Florida, where the pace of sales has ... “It turns out it's homes priced at the low end of the market,” said Trulia ... “And this is bad news for first-time homebuyers.

Fort Myers entertainment complex to feature bowling, laser tag, ropes


Fort Myers entertainment complex to feature bowling, laser tag, ropes


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It's not your father's bowling alley and it may be unlike any bowling center you've ever seen.
HeadPinz Fort Myers, under construction on the west side of Treeline Avenue near the airport, is expected to open in mid-June.
The 50,000-square-foot center is much more of a multi-use entertainment attraction than what keglers at other Southwest Florida bowling locations have experienced.
That's because this location will feature a two-story laser tag arena, a suspended aerial ropes course and an area featuring more than 40 top arcade games.
"There's nothing like it in Florida," said Mike Cannington, director of operations for Bowland Centers. "You have to go to Atlanta or Dallas (or another major city) to find a building that has all these pieces."
Oh, and there's bowling too. The center will have 28 lanes — 16 in a traditional setting, eight in a boutique area with its own bar and four "old time" lanes with pin setting by hand and a vintage look.


There will also be an indoor/outdoor lounge, conference, meeting and party rooms. Beyond that will be Nemo's Sports Bar, serving breakfast, lunch and dinner, with a full bar and large-screen TVs.
"We're testing lamb chops and ribeye steaks," Cannington said. "This is going to be so far apart from what a traditional bowling center brings to mind. The area is ready for it."
Sound like fun? Cannington hopes at least 125 people find it a fun place to work too.
Positions include management, food and beverage (cooks, prep, bartenders, servers), game zone attendants, bowling center customer service, event sales staff and mechanics.
The first of three job fairs will be Saturday, but don't worry if you can't make it because there will be two more. The next one is Monday, April 27, and the last one will be Saturday, May 9.
Wages will "run the gamut," depending on the role and level of responsibility, Cannington said, with some starting at minimum age and others paying substantially more.
The plan is to first get the management team solidified. Once that is determined, those managers will have a say in who joins their team.
"We have so many jobs and ample opportunity for moving up as well," Cannington said.
This will be the seventh Southwest Florida location in the Bowland Centers family. There are two in Naples and two in Cape Coral as well as one each in Lehigh Acres and Port Charlotte.
Gary Tasman, founder and executive director of Cushman & Wakefield Commercial Property Southwest Florida, said it's interesting to see how that area is starting to develop.


HeadPinz is "leveraging a destination location against a large concentration of traffic that's going to be generated in that immediate area by what's there already," he said, noting its proximity to Gulf Coast Town Center, FGCU, Miromar Outlets and the airport, as well as family-filled communities including Gateway and San Carlos Park.
The location near the interstate will also allow it to draw from much farther, he said, likely from as far away as North Naples to the south.
"I think it's very feasible to expect additional entertainment and retail uses along Treeline in that area," Tasman said, likening the center to the popular Dave & Buster's concept. "I think (the Bowland people) were brilliant to be pioneers to go into that area to build that kind of facility. Word will get out quickly. It will be very well received."
JOB FAIR
What: HeadPinz Fort Myers job fairs
When: Saturday, April 18, 10 a.m. to 3 p.m.; Monday, April 27, from 3 to 8 p.m.; Saturday, May 9, from 10 a.m. to 3 p.m.
Where: Holiday Inn Fort Myers Airport & Town Center, across from Gulf Coast Town Center, for all three
Requests: Bring a resume and dress nice
Want to be a step ahead? Before going to the job fair, go to headpinz.com and click on the "Join Our Team!" tab to apply. The process should take less than 10 minutes.
For more information: Call Mike Cannington at 947-2111.
Connect with this reporter: email clogan@news-press.com or follow on Twitter @caseylo

Tuesday, April 14, 2015

10 Top Trends for 2015

By Melissa Dittmann Tracey, REALTOR® Magazine

Photo Credit: National Kitchen & Bath Association
Just like the kitchen, contemporary designs are growing in popularity in bathroom remodels. These contemporary touches in the bathroom equate to clean and open designs, with floating vanities and freestanding tubs.
Last week, at Styled Staged & Sold, we highlighted the top 10 trends for the kitchen this year. This week, we focus on the National Kitchen & Bath Association’s latest trend report on what’s driving bathroom design in 2015.
Here are the top 10 overall bathroom design trends NKBA designers expect to be hot this year:
1. Clean, white, contemporary designs
2. Floating vanities
3. Open-shelving
4. Electric heated floors
5. Purple color schemes
6. Trough sinks
7. User experience (ease of use and low maintenance) and accessibility features
8. Extra amenities (like steam showers, anti-fog mirrors, lighted showers, and shower seats)
9. Innovative storage (such as drawer pullouts and rollouts to hold hair styling equipment)
10. Showers and freestanding tubs
Most popular colors: White and gray are the dominant colors for bathrooms. Half of designers expect to see gray growing in 2015, and several designers also mentioned the growing popularity of purple, lavender, and lilac tones gaining steam in bathroom designs. For fixtures, white continues its dominance.

Out of style: Jetted tubs, whether whirlpool or air, are decreasing in popularity, according to NKBA’s report. “People are moving away from jetted tubs to more classic soaking tubs,” says Bill Donohoe with Donohoe Design Works in the Los Angeles area. Also, beige fixture colors are increasingly dropping in popularity.

Monday, April 13, 2015

Shopping center occupancy rates hit six-year high in 2014

Shopping center occupancy rates hit six-year high in 2014

Thanksgiving Day shopping in Southwest Florida.Shopping centers across the United States posted an average occupancy rate of 92.7 percent at the end of the fourth quarter in 2014, making the highest level since 2008, according to the International Council of Shopping Centers.
The ICSC, a retail industry trade group, partnered with the National Council of Real Estate Investment Fiduciaries to determine the property data results for retail centers in America. The study found strong growth in the U.S. shopping center industry with year-over-year growth in occupancy rates, tenant rents and net operating income.
Shopping malls posted an average occupancy rate of 94.2 percent at the end of last year, a level the ICSC hasn't seen since 1987.
“The 2014 data paints a very strong picture of the shopping center industry for the year ahead, and is especially promising in the mall segment,” said  Jesse Tron, ICSC spokesman. “Record growth in key indicators such as occupancy and net operating income strongly indicate a healthy outlook and further underline the ability of the industry to innovate to fit the needs of today’s consumer.”
Shopping plaza base rents jumped by 6.5 percent on a year-over-year basis in 2014, marking the third year of consecutive gains and the strongest level since 2008, ICSC data shows. Mall rents rose by 17.2 percent last year, which was the strongest gain ICSC has seen since the organization began the tracking the data in 2000.
Net operating income in shopping centers and malls across the country saw the highest growth rate from 2013 to 2014. Malls saw a 17.5 percent increase in operating income and reached $28.62 per square foot. Shopping centers saw an increase of 8.3 percent, or $16.79 per square foot.
Malls saw a sales productivity reach $475 per square food. In 2009, sales were at $383.
For more shopping news in Southwest Florida, follow reporter Justine Griffin on Twitter and Facebook or email her at justine.griffin@heraldtribune.com. Read What’s In Store in print on Tuesdays.

Wednesday, April 8, 2015

Naples real estate so hot it's about to sizzle


Naples real estate so hot it's about to sizzle


Housing indicators in Naples, Florida and nationally look good for the most part as does the overall economy, according to experts.
Those findings were some of the insights shared Tuesday afternoon by a trio of speakers at the 2015 Annual Naples Area Board of Realtors Economic Summit held at the Naples Grande Beach Resort.
The event is NABOR's annual look at the state of the local housing market and what global, state and regional influences are shaping it. More than 400 turned out Tuesday to hear about the recent upswing in the local real estate market and where it's headed in 2015 and beyond based on trends and larger market forces.
In Naples, home prices are going up and stabilizing nearly across the board and in some cases have surpassed peak 2005 levels, said Cindy Carroll, vice president and manager of the residential division of Naples-based Carroll and Carroll Real Estate Appraisers and Consultants.
A lot of that increase in value has to do with where a property is located.
"Neighborhoods broken down by ZIP codes seem to make a lot more sense than when it's broken down by price range," she said. "It's about location, not price range, it's how close you are to the beach, which drives your value."


Condos haven't seen as large a jump in price as single- family homes, but there are a number of reasons for that, Carroll said.
"I think there have been financing challenges in the condo market including foreclosures and unpaid fees and that may have kept that condo market depressed over the past 12-24 months," she said. "As we see home prices stabilize, the condo market will start to grow."
Statewide, the housing market has rebounded nicely from recession lows and economic indicators, which are tied closely to the real estate market, look positive, particularly for the wealthy, said John Tuccillo, the chief economist at Florida Realtors and the former chief economist at the National Association of Realtors.
"There is a very close correlation, between million-dollar-plus home sales in Florida and the Dow (Dow Jones Industrial Average), so it's kind of an indicator or where home sales are going to do."
In addition, transportation and infrastructure investments in Southwest Florida could help spur economic development, leading to a stronger local economy and higher home sale prices, Tuccillo said.
Nationally, the overall economic indicators look good, but the housing market has a few weak spots, said Elliot Eisenberg, a nationally acclaimed economist and former senior economist with the National Association of Home Builders.
Wage stagnation, the unavailability of credit for subprime borrowers and a lack of lower-income housing are depressing the market, he said during his 90-minute humor-filled lecture that often drew raucous laughter from the audience.
A bright spot for Florida is the region's favorable location and constant population growth.
"Population growth is Florida's saving grace," he said. "People just want to be here and that's what's driving your real estate market here."

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