Take a look at this new listing in Pelican Ridge. A 2 bedroom, 2.5 bathroom townhouse with a 1 car garage.
I just found a property and wanted to share it with you!
Friday, July 15, 2011
Monday, July 11, 2011
low vacancies- rising rents
Low vacancies, rising rents for apartments
WASHINGTON – July 11, 2011 – Reis Inc. reports that the average effective rent – the amount paid after discounting – was $997 in the second quarter of the year – an increase from $974 a year ago. Second-quarter rents, meanwhile, climbed in 80 out of 82 markets surveyed.
According to Reis, monthly rent levels rose fastest in San Jose, Calif., to $1,501.
Apartment vacancies dipped in 72 of the 82 markets Reis tracked during the April-through-June period, dropping the U.S. vacancy rate to 6 percent. That is the lowest since 2008 and down from 7.8 percent in 2010’s second quarter, notes Reis.
“Rising rents and falling vacancies are the perfect situation for landlords,” says BMO Capital Markets analyst Rich Anderson. “It’s like drinking without the hangover.”
However, some warning signs are popping up. For instance, apartment owners and managers filled a net 33,000 rental units in the second quarter, a slowdown from the 45,000 units they filled in the first three months of the year. Around 8,700 new apartments opened during the second quarter, the second-lowest quarterly total for new completions since Reis started collecting data in 1999.
Source: “Rents Rise, Vacancies Go Down,” Wall Street Journal (07/07/11)
© Copyright 2011 INFORMATION, INC. Bethesda, MD (301) 215-4688
WASHINGTON – July 11, 2011 – Reis Inc. reports that the average effective rent – the amount paid after discounting – was $997 in the second quarter of the year – an increase from $974 a year ago. Second-quarter rents, meanwhile, climbed in 80 out of 82 markets surveyed.
According to Reis, monthly rent levels rose fastest in San Jose, Calif., to $1,501.
Apartment vacancies dipped in 72 of the 82 markets Reis tracked during the April-through-June period, dropping the U.S. vacancy rate to 6 percent. That is the lowest since 2008 and down from 7.8 percent in 2010’s second quarter, notes Reis.
“Rising rents and falling vacancies are the perfect situation for landlords,” says BMO Capital Markets analyst Rich Anderson. “It’s like drinking without the hangover.”
However, some warning signs are popping up. For instance, apartment owners and managers filled a net 33,000 rental units in the second quarter, a slowdown from the 45,000 units they filled in the first three months of the year. Around 8,700 new apartments opened during the second quarter, the second-lowest quarterly total for new completions since Reis started collecting data in 1999.
Source: “Rents Rise, Vacancies Go Down,” Wall Street Journal (07/07/11)
© Copyright 2011 INFORMATION, INC. Bethesda, MD (301) 215-4688
Friday, July 8, 2011
Seasonal Rental wanted
I have customers that are looking for a seasonal rental in Pelican Ridge for 2012 . If you are interested to rent your unit please don't hesitate to contact me at michael@MichaelSopka.com
Featured listing
Take a look at this featured listing in Pelican Ridge. this 2 bedroom, 2.5 bathroom townhouse with a 1 car garage is in mint condition and move in ready.
contact me for more information or a privat showing at 239-564-3819
contact me for more information or a privat showing at 239-564-3819
Thursday, July 7, 2011
Active listings in Pelican Ridge
See the current listings in Pelican Ridge click here
Call me for all information on this great community
Call me for all information on this great community
Wednesday, July 6, 2011
Naples Real Estate Market Report
See the latest Market Reports:The overall available inventory decreased to 7,705 properties in May 2011 down from 9,006 properties in May 2010. "The decrease in inventory is having a positive effect on overall prices and is driving the median closed price up," click here
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