Lely & Lely Resort Closed Sales

Lely Resort & Lely Community Statistics - November 2009; Sold, Pending and Active Listings

358 - Active
42 - Active with Contract
34 - Pending
19 - Closed
Source: SunshineMLS, Inc.

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Lely & Lely Resort Closed Sales

Lely Resort & Lely Community Statistics - October 2009; Sold, Pending and Active Listings

364 - Active
42 - Active with Contract
23 - Pending
16 - Closed
Source: SunshineMLS, Inc.

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Lely & Lely Resort Closed Sales

Lely Resort & Lely Community Statistics - September 2009; Sold, Pending and Active Listings

364 - Active
40 - Active with Contract
27 - Pending
19 - Closed
Source: SunshineMLS, Inc.

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Lely & Lely Resort Real Estate - Close Sale Info

Lely Resort & Lely Community Statistics - March 2009; Sold, Pending and Active Listings

448 - Active
58 - Pending
19 - Closed
Source: SunshineMLS, Inc.

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Lely Resort & Lely Community Closed Sale Info

Lely Resort & Lely Community Statistics - February 2009; Sold, Pending and Active Listings

464 - Active
48 - Pending
8 - Closed
Source: SunshineMLS, Inc.

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Renters Lose Edge on Homeowners

The relative cost of owning versus renting is swinging back in favor of homeownership in some U.S. markets, buoyed by several quarters of sharp declines in home prices.

At the height of the housing boom, as home prices surged, demand for rentals started to rise as the gap between owning and renting widened significantly. Even after the housing market soured, apartment demand grew as former homeowners became renters, allowing landlords to push healthy rent increases.

Now, after two years of rapid home-price depreciation, the relationship between the cost of rental payments versus after-tax mortgage payments is tilting toward ownership in a number of metropolitan areas.

"We're not saying on an absolute basis that it's cheaper to own a home, but on a relative basis...owning is looking much more attractive than it has in a long time," said Andrew McCulloch, a Green Street analyst.
A separate report by Moody's Economy.com also finds that home prices relative to rents are more in line with their historical relationship. Using data that measure average home prices and rent payments for 54 metro areas between 1984 and 2004, Moody's Economy.com estimated that eight markets are "undervalued." In those eight markets, home prices relative to rents are below or within 5% of their historical levels. "The bottom is coming into view," said Mark Zandi, chief economist at Moody's Economy.com, "But we've still got a ways to go."
Source: wsj.com


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Lely Resort & Lely Community Closed Sale Info

Lely Resort & Lely Community Statistics - January 2009 Sold, Pending and Active Listings

449 - Active
35 - Pending
9 - Closed
Source: SunshineMLS, Inc.

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ULI Winter Institute will focus on real estate development trends

The Urban Land Institute Southwest Florida District Council presents its 12th annual Winter Institute on Thursday, Jan. 29. The half-day program will focus on the current and future trends in five distinct areas of real estate development: lending economics, responsible and sustainable master planned community development, real estate development financing, development in metropolitan cities and Florida's economy.

For more information or to register, call the ULI Southwest Florida District Council at (800) 321-5011 or visit www.uli.org.
Source: naples.Floridaweekly.com

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Lely Naples FL - December Closed Sale Info

Lely Resort & Lely Community Statistics - December 2008; Sold, Pending and Active Listings

411 - Active
27 - Pending
15 - Closed
Source: SunshineMLS, Inc.

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