It’s Still a Great time to Buy or Sell….

After three years of relatively stable first quarter closings, home sales for Naples, FL Q1 – 2014 posted a 13% increase.  Sales between $2 million and $5 million remained brisk, (101 closings) posting the highest number of closings in this segment (for any quarter) since Q2 2005, when there were 117 closings.  Average closed price for the first quarter increased 19% over prior year, driven by the large number of sales over $2 million.  However, both average and median sales price remains 32% below their highs for the quarter in Q1 2007.

Sales above $2 million posted a 66% gain in the number of sales and an increase in volume of 74% over Q1 2013.  Median price in this segment remained stable at approximately the same level as 2013, while median price in the overall market rose 7%. 

Properties priced below $250,000 continue to be absorbed quickly and distress sales are shrinking, now down to 14% of the inventory (down from 19% one year ago.)

For information on Naples Real Estate please call me, Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

Cannes in Pelican Bay

Cannes is nestled in the gated enclave of Crown Colony in Pelican Bay in front of Cap Ferrat.  Cannes in Crown ColonyThis lakefront community is next to the tram stop for Pelican Bay’s private beach clubs and has a beautiful community pool.  There are just four buildings and 16 total homes built in 2005.  There is currently a 4 bedroom, 4 bathroom unit with 3,952 sq. ft. of living space for sale with a list price of $1,650,000.  It has been on the market since Sept 2013 with a price reduction in April 2014.  Units in Cannes are rarely on the market so if you want to be here, now is the time.  Cannes at Pelican Bay property owners may rent their units three times a year with a 30 day minimum.

Pelican Bay is an upscale community where residents enjoy 2 private beach clubs on-property with year-round dining and beach attendants, 2 tennis facilities, state-of-the-art fitness center, biking paths, kayaks, and more.

For information on Cannes in Crown Colony or Pelican Bay, please call me, Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

Bridge Way Villas at Pelican Bay

Naples Homes for Sale

Bridge Way Villas at Pelican Bay, with their grey Cape Cod style architecture, look as if the beach were right around the corner…and it is!  Each villa, built between 1983 and 1987, has at least 1,650 square feet and some have over 2,600 square feet of living space. Bridge Way Villas at Pelican Bay are located on the southern end of Pelican Bay off West Boulevard within walking distance to Waterside Shops and Artis-Naples (formally the Philharmonic).  Peaceful lake, landscaped and preserve views are all around…just over the bridge.   In addition to the great location, owners enjoy easy one-level living with outstanding outdoor spaces, plus the nature-rich Pelican Bay with its private boardwalks, active lifestyle and beachfront dining.

There have been 5 closed sales since March 2013 with an average sale price of $1,041,000.  The average price per square foot is $459.00.  The average days on market is 106.  There is currently one active listing with 2,054 sq. ft. of living space listed at $849,000 ($413 per sq. ft.)

For information on Bridge Way Villas or Pelican Bay, please call me, Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

Beauville at Pelican Bay

Beauville at Pelican Bay is located off Green Tree Drive with easy access to the Pelican Bay Golf Club.

Beauville in Pelican BayConsidered a north central location, Beauville at Pelican Bay offers both attached & detached villas with a French Village theme.  Villas live like a single family home, but are smaller and have smaller property lines and less maintenance, which many people enjoy.  Homes here range in size from 1,300 square feet to 3,000 square feet and offer several views; golf course, preserve and landscaped area views

There is currently one active listing priced at $968k.  Five properties have sold in Beauville in the last two years with prices ranging from $650k to $988k.  The average sales price for sold units in the last two years is $799k; average days on market is 104.  The rental policy for Beauville at Pelican Bay allow Beauville owners to rent their properties a maximum of two times a year with 90 day minimums.  Beauville at Pelican Bay is a pet friendly community with approval.

For information on Beauville or Pelican Bay, please call me, Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

Bay Villas at Pelican Bay

Bay Villas at Pelican Bay offers buyers tremendous value in a tranquil area situated in the south side of Pelican Bay with easy access to Clam Pass, Waterside Shops and Artis Naples.

These attached and detached villas with Mediterranean style were built between 1981 and 1983.   There are 71 units consisting of either 2 or 3 bedrooms and range in size from 1,540 square feet to over 1,900 square feet.  Many of the units have a private pool and a two car garage.   Brick courtyards and lush tropical landscaping, including magnificent palm trees are found throughout this well maintained community.  This is the closest thing to single family living without the added upkeep.

The rental policy for Bay Villas at Pelican Bay allow Bay Villa owners to rent their properties a maximum of two times a year with 60 day minimums.  Bay Villas at Pelican Bay is a pet friendly community and are conveniently located next to six tennis courts.

There are five active listings in Bay Villas as of April 2014.  Listing prices range from $680k to $795k.  Thirteen properties in Bay villas have sold in the last 2 years with an average sales price of $647k.  Sold prices range from $530k to $737k; average days on market is 106.

For information on Bay Villas or Pelican Bay, please call me, Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

 

Luxury Home Sales Soar

Homes in Naples are flying off the market as soon as they are listed with the number of closings for the first two months of 2014 at the highest on record, exceeding the previous 2005 high of 1,772 closings.  The number of sales above $2,000,000 during January and February are at 2005 levels (83 in 2005 vs 82 in 2014).

Average closed sales price in Naples year-to-date is $556,377 and the average for Bonita Springs / Estero is $357,009 which is a good thing for home sellers. Median sales prices year-to-date are up 17% over the same period 2013. Sales greater than $1,000,000 posted the largest gains in average sales price, up 24.5% over the first two months of 2013. This is driven by a substantial increase in the number of closed sales above $5,000,000 (12 in 2014 vs 3 for the same period 2013).

It takes a true luxury sales professional to navigate these brisk waters. When buying or selling luxury property you can count on me, Frank Petras, for exceptional service and knowledge. Please call me at (239) 595-2221 or visit www.FrankPetras.com.
As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results. I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine
John R. Woods’ Emerald and Platinum Circles of Excellence
Realty Alliance Leading Residential Real Estate Sales Professional in North America
Appointed to Who’s Who in Luxury Real Estate
Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

How Do You Sell a $5 million Home in 48 Days? Ask Frank Petras

321 Neopolitan Way poolFrank Petras of John R. Wood Properties recently sold a $5 million single-family home in the Park Shore neighborhood of Naples, FL in only 48 days.

This extraordinary, custom, furnished, waterfront residence with a new seawall and dock is nestled in the heart of Park Shore with breathtaking expansive views of Venetian Bay.  A marble deck surrounds the oversized 40’ pool with 3-tiered waterfall/spa.  The home features a fabulous under roof outdoor entertainment area with a fireplace, bar seating and outdoor kitchen.  Windows across the entire back of this stunning home offer 180-degree panoramic water views, north to south.

This sales exemplifies how quickly properties are selling in Naples, FL and why you need an experienced and knowledgeable Realtor, like Frank, to help you with the process.  For information on similar properties in Naples, FL please call Frank Petras at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results.  I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

World’s Ultra Wealthy Hold a Fifth of Their Wealth in Real Estate Assets

Naples, FL is home to Ultra-High-Net-Worth Individuals who are shaping the worlds’ real estate markets.

money symbolReal estate now accounts for around a fifth of the invested wealth of the nearly 200,000 ultra high net worth individuals (UHNWIs) in the world, according to new analysis from international real estate advisor, Savills, in association with Wealth-X, the world’s leading UHNW intelligence provider.  The use of private equity in major property deals worth at least US$10 million has nearly tripled since 2009.

The firm has also analyzed the way private money moves around the real estate world and found that the majority (92%) of investments are within the ‘home’ global region.  North America stands out as uniquely domestic, with 99 per cent of all UHNWI investment coming from US citizens themselves.

In “Around The World In Dollars and Cents” published today, Savills estimates that the total value of the world’s real estate is now around US$180 trillion, some 72 per cent of which is owner occupied residential property.  Of the US$70 trillion that is ‘investable’ and therefore traded regularly – including US$20 trillion of commercial property – over half is being bought by private individuals, companies and organizations.  Investing institutions, listed companies and publicly owned entities are becoming relatively less important to world real estate as a result.

Around 3 per cent, or US$5.3 trillion, of the world’s total real estate value is owned by UHNWIs.  This wealthiest 0.003 per cent of the world’s population has real estate holdings which are worth an average of US$26.5 million each.

Mykolas D. Rambus, CEO of Wealth-X, confirms the growing importance of private wealth: “We forecast that the UHNW population will grow by 22 per cent by 2018, its combined wealth – currently US$27.8 trillion – is expected to total over US$36 trillion by 2018.  This presents huge opportunities for those involved in global real estate investment to create the right product in the right locations.”

Marketing luxury property in Naples, FL and working with high net worth individuals is my specialty.  For exceptional service, please call me, Frank Petras, at (239) 595-2221 or visit www.FrankPetras.com.

As a REALTOR in Naples, Florida with a very impressive international client list, I am known for my incomparable market knowledge, exceptional customer service, superior negotiating skills, high-end global targeted marketing and tremendous results. I have an unrivaled reputation as a luxury property specialist. I have earned local and national recognition for marketing and selling multimillion dollar luxury waterfront and golf course estates and other fine properties in Naples, Bonita Springs, Estero and the surrounding areas.

Voted Best Real Estate Agent in Client Satisfaction in Southwest Florida – Gulfshore Life Magazine

John R. Woods’ Emerald and Platinum Circles of Excellence

Realty Alliance Leading Residential Real Estate Sales Professional in North America

Appointed to Who’s Who in Luxury Real Estate

Awarded Million Dollar Guild Recognition by The Institute for Luxury Home Marketing

Vanderbilt Beach

Vanderbilt Beach is located in North Naples close to Bonita Springs on the waters of the Gulf of Mexico.  People come to this area for the natural beauty, wildlife and white sandy beaches.  Although you will find large hotels like the Ritz Carlton Beach Resort and La Playa Beach Resort here, the area maintains its small town charm with luxury condos and single family homes dotting this tranquil strip of land.  Single family homes and condos range in price from the mid $500’s to the millions with more affordable single family homes and duplexes located in Naples Park.  Buildings along Vanderbilt Beach include Beachmoor, Sea Chase, Le Dauphin, Bayshores, Manatee Resort, Moraya Bay and many more.  Moraya Bay is one of the newest buildings with a modern décor located at the North end of Gulf Shore Blvd near Wiggins State Park.  High rises and homes line the stunning white sandy beach.  All other homes in this area sit directly on canals leading to the Gulf of Mexico.  Buyers can find both new homes and older homes that need updating; this is waterfront living at its best!

Quail West

Quail West, located in North Naples on Immokalee Road just east of I-75 is a private golf and country club community home to world-class golf, sumptuous dining and a lifestyle that exudes true luxury.  Elegance lives in the Old Florida architecture, in the décor, design, and landscape of custom single-family and luxurious villas.  There are five custom home builders in Quail West including Diamond Custom Homes, Fox Custom Builders, London Bay Homes, McGarvey Custom Homes and Stock Signature Homes.

Quail West’s world-class golf program centers around two extraordinary 18-hole courses and features a full-service, state-of-the-art practice facility with expert teaching staff.  At the end of the Preserve course is the 19th Hole Sunset Bar, where patrons relax after a round while taking in views of the 18th green.

One of Southwest Florida’s most exclusive clubs, Quail West’s courses, facilities and services are shared by only six hundred members.  Amenities include a stunning 70,000 sq. ft. grand clubhouse, two Arthur Hills championship golf courses, expansive golf practice facilities, solarium lagoon-style swimming pool, salon & full service spa, eight red-clay, hydro tennis courts, health & fitness center, fine and casual dining venues, grand ballroom, seating up to 300 guests, wine grotto & cigar terrace, and fully-appointed golf shop.  At Quail West, excellence has an address.