Pelican Ridge of Naples

24/7 Wall Street online article is questionable.

2011-08-23T10:08:00.000-07:00

In a recent article published by 24/7 Wall Street - The 10 Housing Markets That Will Collapse This Year- Naples was mentioned as one of them.

The Naples Board of Realtors has issued a special report to help clarify some of the misconceptions about the statements in the article.

Since March 2007, NABOR's inventory has been reduced by over 5,000 units to now a all time low of around 7,010 active listings
As of July 31, 2011, NABOR is reporting 8.83 months of inventory, which is the lowest since they started tracking months of inventory.

Click the link to view the two inventory graphs that support these statements.

To see the latest market reports, please go to my website at www.MichaelSopka.com and click on Real Estate News.

Financially sound community

2011-08-12T10:55:00.000-07:00

There has not been any special assessments over the last 3 years in Pelican Ridge. Financially sound and well run community.

new listing in Pelican Ridge

2011-07-15T09:45:00.000-07:00

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!

low vacancies- rising rents

2011-07-11T12:50:00.000-07:00

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

Seasonal Rental wanted

2011-07-08T10:53:00.000-07:00

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

2011-07-08T10:50:00.000-07:00

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

Active listings in Pelican Ridge

2011-07-07T07:30:00.000-07:00

See the current listings in Pelican Ridge click here
Call me for all information on this great community

Naples Real Estate Market Report

2011-07-06T16:34:00.000-07:00

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

Pelican Ridge special assessment $1,000

2008-03-09T11:09:00.000-07:00

The special assessment for all the unit owners was $1,500 in 2007.

Thanks to our Board and Management Company that kept expenses low we were able to cut the special assessment in 2008 to $1,000. the special assessment includes premium for the Insurance and money for landscaping upgrades that will improve the look of our community.

Price reduction on Pelican Ridge Villa

2008-03-09T10:56:00.000-07:00

The only available one story villa in Pelican Ridge has a reduced list price, the owner slashed the asking price to $299,900.

This villa offers two private courtyards and is located just across the street from one of the heated community pools.
Call Michael Sopka at 239-564-3819 for more information.

Sale Pending

2008-02-18T10:09:00.002-08:00

End unit townhouse went under contract in Pelican Ridge. this unit with 3 bedrooms/2.5 bathrooms and a one car garage was listed for $285,000

Welcome to theis new blog

2008-02-17T12:50:00.000-08:00

Welcome to this new blog for Pelican Ridge in NaplesFlorida.
Please vitit this blog often for information and news.
Please join me to make this blog a vital instrument for all residents...