new construction

Sales of New Homes Continue to Rise in Naples

The report from the last couple of months is showing some interesting stats. The rise in home demand is obvious and this might create a boom in the following year if the constructors can follow it. The starters and the starting pace are bigger than the last year, and the money earned too. However, let us see the details because this blast can be something big.

The rise of the demand

The whole situation is based on the fast construction of the new homes. The offers of new homes are being added to the supply. As soon as the new building appear on the market, the buyers are buying them almost the same minute. This is creating a very aggressive building pace. Brad Hunter, the chief economist of Metrostudy, says that the demand is very high. This website is doing surveys once in three months, and they can only conclude that the builders have a hard time. The demand is so high that the building processes are being sped up. This can result in a great income or in a great fall of the market.

The Metrostudy’s latest reports have showed us that the sale started up to 42%, and from 893 to 1.282 in the fourth quarter. These were Southwest Florida results, but on the annual plan, the start pace increased for 18%, to 4.800 with more than 4.083 in the quadrant quarter. This was way greater amount than in the last year’s quarter.

Metrostudy has also reported that quarterly Washington, D.C. report covers only Collier and Lee counties. In this report, town and single-family homes and duplexes are included, but the report is left out the condominiums. As the report shows, the starting pace in Collier County was up 22% over the whole year, while it was 10% in Lee County.

lee county

If we take a brief look through the stats that include these counties, we can see that 3.151 houses that were made in the 4th quarter had a price over $300.000. That is twice as the number of houses with the house under $300.000, which amounts 1.553. However, the most common price ranges for starts were between $300.000 and $399.000.

collier county

This rush of new buildings are helping with the supply. However, there still are not enough homes to satisfy the buyer’s market. Supply is at seven or eight months in Lee County while nine months are considered normal. This rush is supporting the budget of the construction firms, and they can get a big benefit from the whole situation.

The number of starts

If we look at annual stars that concern only single family houses, Ave Maria is leading with 316 starts by various builders. On the second place, we have GL Home’s Marbella Isles with a good amount of two hundred and forty three starts. Behind Marbella Isles comes Toll Brothers’ Bonita Lakes with two hundred starts. For Naples real estate, Minto’s The Isles of Collier Preserve have the fourth place with 171 starts. Behind them comes Plantation with 147 starts and WCI’s Pelican Preserve with the number of 128 starts. The last two places go to multiple builders with 125 starts that were working at Fiddler’s Creek and DiVosta’s Winding Cypress with only 111 starts. However, it does not matter which position they have taken, all these companies have gained a good benefit from these projects.

The future is also bright. By the last of 2016, the Metrostudy predicts that housing starts will reach 1.23 million. This is a very good progress comparing to the last year where the total amount of stats came to 1.1 million. Brad Hunter added that he expects that housing market will live its expand in the next couple of years. However, price gains will slow for new homes. He predicts this guided by the fact that the prices of the new homes have gone up much faster than the existing home prices. This gap will be even wider and the buyers would not have the money to support it.

Conclusion

As usual, the situation is tight. The house demand is getting bigger, and the constructors are giving their best efforts to follow this demand. The people are eager to buy more homes, so the number of starts is rising. The prices of homes are stable, and the majority of them was sold for more than $300.000. This is a great opportunity for the constructors to refill their budgets. However, they will have to work day and night to satisfy the demand.

Masked Man From Scream Robs Several Stores

A man wearing the mask from the popular Hollywood Halloween movie, Scream, has struck again and robbed a convenience store this time. This person is also, allegedly, behind the late night robberies in two restaurants in the same area. This time, the alleged robber, struck a convenience store at Circle K in East Naples in early morning hours. The surveillance camera captured the whole ordeal that was over in less than 3 minutes.

The video captured by the surveillance camera at the convenience store shows a man wearing a hoodie, sweatpants, gloves and the mask from the movie Scream, entering the store and brandishing a gun at the lone employee in the store. He asks the employee to hand over all the cash in the registers and also asks him to show the robber underside of the drawers. After taking all of the money, he instructs the cashier to be hid behind the counter.

The robber then hides behind one of the aisles in the store and waits for his next victim. When another customer walks into the store, the robber suddenly pops up and points the gun at the customer. He then demands the car keys and cell phone of the customer. The customer tells the robber that both the car keys and the cell phone are in his car outside. The robber then forces both the customer and the cashier into the bathroom before fleeing on foot.

The Collier county deputies are investigating the robbery and are seeking help from the public to identify the masked robber. Sgt. Brian Sawyer, who is with the Criminal Investigation Division of Collier PD, says that the police believe that the masked gunman is acting alone.

The other two robberies took place on Saturday evening at around 9 p.m. at The Bamz Deli in East Naples and on Sunday evening at around 11 p.m. at the Salsa Brava in North Naples.

Police is asking the employees who work at night and people who are out in the night to be extra vigilant. Sgt. Brown also advises public and employees to remain safe when they end up in such a situation. He says that people in such situation should try not to further antagonize or confront the suspect. Instead, people should comply and focus on being a good witness at a later date.

One of the victims at the robbery at Salsa Barva pushed the masked gunman who then punched the man with a fist.

Public can call the Sheriff’s office of the Collier County at 239-252-9300 to give any information regarding the suspect. This is a local Naples story.