The Shores at Berkshire Lakes

Thansgiving Update

2009-11-23T09:52:00.003-05:00

The Shores

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Well at last the sales in our community is catching up with the rest of the Naples area, with 2 closings in August, 1 in September, and 1 in October, and 3 Active with contract, so for the year we have 5 homes sold ranging in price of $203,000 to a high of $305,000 and the Season is just upon us, 50% of the homes closed in the Naples M.L.S have been cash sales .

We currently have 14 active listings of which only 3 are short sales prices range from $171,000 to $499,000, showing activity is very brisk at the moment with the early snowbirds looking for all well priced homes.

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The Preserves at The Shores

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2009 has been a better year in The Preserve with a total of 10 Condo's sold for between $120,000 to $133,000, we currently have 10 Active priced from $120,000 to $219,000, we also have 1 active with contract and 3 pending.

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I now offer you the use of Listingbook to keep check on Real Estate listings anywhere in the Naples Area click on above link to sign up for the service.

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Bernie East Realtor

Amerivest Realty

http://www.berniesellsnaples.com/

BEast@Amerivestrealty.com

239-248-1966

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My Aim is

To Provide Outstanding Real Estate Service with Honesty and Integrity

The Shores at Berkshire Lakes

2009-08-03T11:18:00.001-04:00

The Shores

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We are having far more showings this last month we have only 1 closed sale for the year but we have 3 homes active with contract and 1 home on Haverhill pending, I have just listed a Large 2 story for $450,000 turnkey furnished pool home with lake view and also an attached villa with pool, Turnkey with designer furniture for $325,000. we have a total of 12 homes listed at the moment ranging in price from $175,000 to $500,000 and in my profesional opinion have a couple of interesting valued properties , so if you are looking for a home here in this lovely gated community please call me.

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The Preserves at The Shores

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We have had a great sales year in The Preserves this year to date with a lot of foreclosures, in the Preserve we have had a lot of valued pricing 7 Condominiums have been sold with an average sale price of $130,000, we currently have 10 on the market priced from $115,900 to $219,000 and also have 2 more under contract to close shortly.

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I now offer you your own Login and password to let you search the MLS just like a Realtor, email me or click on this link to Listingbook

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Bernie East REALTOR®
Amerivest Realty
www.Berniesellsnaples.com
BEast@Amerivestrealty.com
239-248-1966

My New Listing in The Shores Naples Florida

2009-07-20T10:37:00.008-04:00

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Lovely 4+den 3bath Furnished pool home with fantastic lake view it The Shores ready to move into, many upgrades 18" tile on the diagonal, 42" kitchen cabinets, corian and marble countertops, GE profile appliances, custom paint, extended pool area, Lanai with covered area, Customnized light fixtures and ceiling fans, Huge den upstairs, Laundry room has built in sink, extra storage area. The Shores is a gated community with large clubhouse, olympic size swimming pool, gym, pool room,library, card room, childrens play ground.

Located at the corner of Radio Rd and Santa Barbara, makes it convenient for shopping, restuarants, downtown Naples, the beaches, medical facilties and Interstate 75.

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Bernie East®

Amerivest Realty

239-248-1966

www.Berniesellsnaples.com

BEast@Amerivestrealty.com

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Would you like to search for your own choices

Click on link below and I will send your your own

private log in and password.

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http://a96365.listingbook.com/?&page=home

Reverse mortgage can help seniors buy new home :: CHICAGO SUN-TIMES :: Terry Savage

2009-07-06T09:31:00.001-04:00

Reverse mortgage can help seniors buy new home :: CHICAGO SUN-TIMES :: Terry Savage

Search for Properties in Naples, Bonita Springs.

2009-07-05T06:43:00.004-04:00

Making Dreams come True

Listingbook comes to Naples now you can search for your dream home and get all the details on the property, including days on market, price history, tax data, multiple images, maps and more. If you looking to sell your home Listingbook helps to achieve your goal by selling your home at the best price in the shortest amount of time, Period.

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Morning reports.

You will receive a daily report from me on your property's activity, as well as listings of new interest and notifications of new messages.

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Communicate instantly with me through inter grated messaging and Property notes. No need to attach anything to an e-mail- Add notes to your listing and I will be notified of your comments automatically.

Please contact me to get started.

Bernie East

Amerivest Realty

239-248-1966

BEast@Amerivestrealty.com

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www.BerniesellsNaples.com

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http://a96365.listingbook.com/?&page=home

Six Months Sales Figures at The Shores

2009-06-24T13:06:00.006-04:00

The Shores

We are experiencing a poor sales volume in 2009, only 1 sale has been registered on the MLS this year an attached vila for $225,000, we currently have 13 homes listed ranging in price from $175,000 to $499,000 and in my profesional opinion have a couple of interesting valued properties , so if you are looking for a deal call me.

The Preserves at The Shores

We have had a great sales year in The Preserves this year to date with a lot of foreclosures in there we have had a lot of valued pricing 7 Condominiums have been sold with an average sale price of $130,000, we currently have 10 on the market priced from $124,900 to $239,000 and also have 2 more under contract to close shortly.

Bernie East REALTOR®

Amerivest Realty

http://www.berniesellsnaples.com/

BEast@Amerivestrealty.com

239-248-1966

My new Listing

2009-04-23T10:31:00.004-04:00

3 Bedroom 2 Bath Town home in The Preserve at the Shores, Master bedroom on the ground floor 2 bedrooms upstairs, the Preserve is located in The Shores at Berkshire Lakes, this walled and gated community is located close to downtown and the beaches, this community has a large club house with with exercise room, library, large heated pool and card room.

$190,000

Bernie East

239-248-1966

Amerivest Realty
http://www.berniesellsnaples.com/

My New Listing in The Preserve at The Shores

2009-04-10T07:16:00.009-04:00

7680 Meadow Lakes Drive #1404 Naples FL 34104
$174,900

Please call me to see my lovey well maintained end unit with 1 attached garage, home comes with plantation shutters throughout.

239-248-1966

http://www.berniesellsnaples.com/

Amerivest Realty.

The Shores at Naples FL single family homes for sale

2009-01-30T09:09:00.008-05:00

Well it is good to see we are off to a better start in 2009 at the moment we only have 6 homes for sale at the moment as against over 20 at this time last year, we have 1 home under contract already this month which is good.
All our values unfortunately are much lower this year, but with only 6 homes for sale I think we will see prices start to increase as the demand for homes increase.
Last month we saw a huge increase in home sales over November here in Naples over 100 property increase to 420, it is good to see the banks are losing no time in selling the homes they foreclosed on, although this is having a major effect on our home values because it lowers our appraisal value when clients are trying to get a mortgage to buy.

Properties for sale

Bernie East

Amerivest Realty

239-248-1966

BEast@Amerivestrealty.com

www.Berniesellsnaples.com

Homes and Condo's for sale in the Shores

2009-01-29T13:35:00.005-05:00

209000963 3 bedroom 2 Bath $299,000

208008544 3 Bedroom 2 Bath $225,000

208030395 3 Bedroom 2 Bath $219,000

208046536 3 Bedroom 2 Bath $199,000

208042857 2+ Den 2 Bath $189,000

208032826 3 Bedroom 2 Bath $175,000

208009568 2+ Den 2 Bath $145,000

208045710 2+ Den 2 Bath $130,000

209004157 3 Bedroom 2 Bath $124,900

Above are all Condominiums for sale in The Preserve at The Shores at this moment we have seen 2 foreclosures go under contract this month that is the amount of sales for all last year, do not miss this opportunity to pick up a great deal.

Properties for Sale

Bernie East

Amerivest Realty

239-248-1966

BEast@Amerivestrealty.com

www.Berniesellsnaples.com

2008 Year End Sales Report

2009-01-02T12:19:00.007-05:00

Like the rest of Naples the single family homes here in the Shores have all lost a lot of their value, we actually had 8 homes sold on the MLS and 2 private sales 2 of these were Foreclosures, our inventory of homes for sale at the moment is 8 with a price range of $230,000 to $374,900 this is way down from last December when we had 23 for sale so maybe we have finally reached the bottom and hope 2009 will see an upward movement in value for a change.

January -None Sold.
February -None Sold.
March - 1 Sold for $247,500.
April - 1 Sold for $286,900.
May - 2 Sold for $277,500 and $270,000.
June - 1 Sold $250,000.

July - 1 Sold for $275,000.
August - None Sold.

September - 2 Sold for $180,000 and $248,00.
October - 0 Sold.
November - 1 Sold for $250,000

December - 1 Sold for $285,000
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At the moment we have 8 Single Family Homes listed from $230,000 to $374,900.
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2008 Sales Report for The Preserve.

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It is a simular picture in The Preserve a very tough sales year 2 foreclosures sold and 1 sold regular 3 more foreclosures are are listed for sale, we have a total of 10 condominiums for sale priced from $130,000 to $229,000

January- None Sold.
February - None Sold.
March - 1 Sold for $200,000.
April - None Sold.
May - None Sold.
June - None Sold.
July 1 Sold for $154,000.
August - None Sold.
September - None Sold.
October - None Sold.
November - 1 Sold by H.U.D for $110,000 non MLS.

December - 1 Sold for $138,000
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We Now have 3 very well priced Condominiums for sale at $130,000, $135,000 & $139,00 foreclosures these are 2002 prices, we have a total of 10 Condominiums for sale.

Please call or e-mail me
Bernie East 239-248-1966

mailto:BEast@Amerivestrealty.com

Year To Date Sales For The Shores and Preserves

2008-12-14T07:52:00.007-05:00

January -None Sold.

February -None Sold.

March -None Sold.

April - 1 Sold.

May - 1 Sold.

June - 1 Sold.
July - 1 Sold.

August - None Sold.
September - 2 Sold.

October - 0 Sold.

November - 1 Sold for $250,000

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At the moment we have 8 Single Family Homes listed from $230,000 to $374,900.

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2008 Sales Report for The Preserve
January- None Sold.

February - None Sold.

March - None Sold.

April - None Sold.

May - None Sold.

June - None Sold.

July 1 Sold for $154,000.

August - None Sold.

September - None Sold.

October - None Sold.

November - 1 Sold by H.U.D for $110,000 non MLS

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We Now have to very well priced Condominiums for sale at $130,000 & $139,00 both foreclosures these are 2002 prices, please call or e-mail me

Bernie East 239-248-1966 or BEast@Amerivestrealty.com

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Year to date Sales for The Shores

2008-10-10T10:32:00.006-04:00

2008 Sales report for The Shores Single Family.

January -None Sold.
February -None Sold.
March -None Sold.
April - 1 Sold.
May - 1 Sold.
June - 1 Sold.

July - 1 Sold.
August - None Sold.

September - 2 Sold.

At the moment we have 8 Single Family Homes listed from $230,000 to $419,000.
One of the homes sold in September was on the MLS but had expired I met the new owner last weekend when they were moving in and that is how I found out.

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2008 Sales Report for The Preserve

January- None Sold.
February - None Sold.
March - None Sold.
April - None Sold.
May - None Sold.
June - None Sold.July 1 Sold.
August - None Sold.

September - None Sold.
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At the moment we currently have 10 Condominiums listed from $146,900 to $299,000.

I just listed a very nice Condominium complete with all the furnishings you need to move into right away complete with accordion shutters for hurricane season please call me for a private showing.

For any Questions or comments please call or E-mail
Bernie East 239-248-1966
Amerivest Realty
http://www.berniesellsnaples.com/

Year To Date Sales For The Shores and Preserves

2008-08-31T08:20:00.003-04:00

2008 Sales report for The Shores Single Family

January -None Sold.

February -None Sold.

March -None Sold.

April 1 Sold.

May 1 Sold.

June 1 Sold.
July 1 Sold.

August - None Sold

At the moment we have 9 Single Family Homes listed from $199,000 to $479,900 which is over a 2 year supply, this is not good for our homes values if you have any Relatives or Friends looking to buy in the Shores now is the time to buy and is not the time to sell, sorry honest Bernie just telling the truth.

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2008 Sales Report for The Preserve
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January- None Sold.

February - None Sold.

March - None Sold.

April - None Sold.

May - None Sold.

June - None Sold.
July 1 Sold.

August None Sold.

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At the moment we currently have 11 Condominiums listed from $149,900 to $300,000 I just listed a very nice Condominium complete with all the furnishings you need to move into right away complete with accordion shutters for hurricane season please call me for a private showing.

For any Questions or comments please call or E-mail

Bernie East 239-248-1966

Amerivest Realty

www.Berniesellsnaples.com

Year to date Sales for The Shores

2008-08-04T07:33:00.003-04:00

2008 Sales report for The Shores Single Family
January -None Sold .
February -None Sold.
March -None Sold.
April 1 Sold.
May 1 Sold.
June 1 Sold.

July 1 Sold.

At the moment we have 10 Single Family Homes listed from $219,900 to $479,000.
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2008 Sales Report for The Preserve

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January- None Sold.
February - None Sold.
March - None Sold.
April - None Sold.
May - None Sold.
June - None Sold.

July 1 Sold.
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At the moment we currently have 10 Condominiums listed from $153,500 to $299,000.
For any Questions or comments please call or E-mail
Bernie East 239-248-1966
Amerivest Realty
www.Berniesellsnaples.com

2008-07-08T08:52:00.004-04:00

2008 Sales report for The Shores Single Family

January -None Sold .

February -None Sold.

March -None Sold.

April 1 Sold.

May 1 Sold.

June 1 Sold.

But we have 1 under Contract.

At the moment we have 10 Single Family Homes listed from $219,900 to $479,000.

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2008 Sales Report for The Preserve
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January- None Sold.

February - None Sold.

March - None Sold.

April - None Sold.

May - None Sold.

June - None Sold.

We have 1 under contract.
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At the moment we currently have 10 Condominiums listed from $153,500 to $299,000.

For any Questions or comments please call or E-mail

Bernie East 239-248-1966

Amerivest Realty

www.Berniesellsnaples.com

The Shore Sales for 2008

2008-05-02T07:32:00.003-04:00

We finally are seeing action in the Shores and the Preserves the year started off very slow, Naples saw the first increase in sales in March and it looks as if April will also present the first positive sales numbers for over 28 months, We in The Shores are finally catching up in April.

I personally have been very busy with clients looking for property in the last month and open houses are getting more visitors, but the season is coming to an end and I hope we see a late flourish in the market.

We have 1 foreclosure listed on the MLS at the moment in The Shores and 2 Short Sale listed in The Preserves, although I think we will see more in the coming months

January -None Sold .
February -None Sold.
March -None Sold.
April None Sold - But we have 4 under Contract.
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2008 Sales Report for The Preserve

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January- None Sold.
February - None Sold.
March - None Sold.
April- None Sold, We have 2 under contract.

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For any Questions or comments please call or E-mail
Bernie East 239-248-1966
Amerivest Realtywww.Berniesellsnaples.com

March 2008 Sales Report

2008-03-30T06:44:00.003-04:00

Well the Good News is we know have some action going on in The Shores

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2008 has seen a slow start to sales in our community but spring has sprung and we have 3 properties under contract 2 Condominiums in the Preserve and 1 Attached Villa, my peers are telling me home sales under $300,000 have seen a increase in sales for the first time in 28 months, maybe we have finally reached bottom I hope so.

I hope we have stopped the bleeding and in the coming months clear some of the property off of the Multi Listing Service at the moment we have 12,084 active listings so as our values will once again make some gains.

I have been getting some really good quotes on home insurance in the last few months and it seems the are leveling out a bit, but you need to shop around and use a good agency call me with any questions and my recommendations.

If you are interested in getting a no obligation value on your property please call or e-mail me.

BERNIE EAST

239-248-1966

WWW.BERNIESELLSNAPLES.COM

Open House Sunday March 9th 1.00pm-4.00pm

2008-03-08T09:02:00.004-05:00

Take Your pick come see my 2 open Houses in The Shores

Identical attached 2b+Den 2 bath Villa's one complete with furniture both with Den /Office furniture built in both owners need to move out of Naples and are very motivated to sell please make an offer my clients will entertain any reasonable offer.

Bernie East Realtor Amerivest Realty

239-246-1966

www.Berniesellsnaples.com

January 2008 Sales Report for the Shores and the Preserve

2008-02-29T06:35:00.002-05:00

Well not a promising start to 2008 with no Sales at all in January 2008

Looking over last year with prices falling back to 2004 prices, homes are sitting on the market for a long time with very few buyers' out there. It is a really tough time in the business right now with new construction prices being cut it is affecting the resale market.

Looking back over last years sales in the Shores we had 12 homes sold an average of 1 per month.

The Preserve did not fair as well with only 9 Condos being sold.

If you have any Real Estate Questions please call or e-mail me.

Bernie East Amerivest Realty your Shores resident Realtor

Telephone 239-248-1966

E-mail BEast@Amerivestrealty.com.

www.Berniesellsnaples.com

A Meeting of ENACTS

2008-01-26T07:03:00.000-05:00

A meeting of ENACTS (East Naples Against County Transfer Site)

is being called for Monday, February 11 at 4:00 p.m. at the Sherwood Clubhouse.

We will present and discuss an update of the County meetings that have been held with Bill Kearney, Ron Rellinger, Bill Jones and Rudy Petorelli and County Transportation staff. In addition, we will discuss a strategy for future activities and review an update on the petitions and when they should be presented. Please plan to attend and bring a neighbor or friend who has been supportive of our efforts but has not had direct involvement. We are alive and well and your support and involvement is vitally needed. Hope to see you all on the 11th.

HOME SALES

2008-01-25T05:43:00.000-05:00

Florida’s existing housing market mirrors national trend at year-end 2007

ORLANDO, Fla. -- Jan. 24, 2008 -- Florida’s housing market followed the national trend in 2007, as mortgage industry issues and a sluggish economy impacted sales and prices. By year’s end, a total of 130,241 homes sold statewide for a 29 percent decrease compared to the 183,988 homes sold in 2006, according to the Florida Association of Realtors® (FAR). However, 2007 is expected to be the fifth highest sales year on record for existing-home sales, according to the National Association of Realtors® (NAR).“What we experienced during the five-year boom cycle (2001-2005) was not a normal housing market,” notes 2008 FAR President Chuck Bonfiglio. “It was a market like we have never seen before. Existing-home median prices went up statewide over the past five years by some 60 percent; prices only declined in 2007 from 2006 by 5 percent. People are still experiencing a sizable return on their investment if they have owned their home over the past six years. The outlook for 2008 is that the housing market should start to normalize, that we should see some gains by the end of the year. Continued efforts to resolve Florida’s property insurance and property tax issues will also help revitalize our state’s housing market.”The latest market outlook from NAR predicts that, as conditions for the mortgage industry continue to improve, existing-home sales should hold fairly steady over the next few months, rise later in the year and continue to improve in 2009. “A meaningful recovery in existing-home sales could occur as early as this spring, or it may be further delayed toward late 2008,” says NAR Senior Economist Lawrence Yun. “Our consumer survey shows buyers today are in it for the long haul, planning to stay in their home for a median of 10 years. This is a wise approach to housing because the data shows the longer you own, the better your investment.”Florida’s median sales price for existing single-family homes for year-end 2007 was $233,600; a year ago, it was $247,100 for a 5 percent decrease. The median is the midpoint; half the homes sold for more, half for less. At the end of 2002, the statewide median sales price for single-family homes was $137,800, for an increase of 69.5 percent over the five-year-period, according to FAR records.Sales of existing condominiums in Florida also decreased last year, with a total of 41,478 condos sold statewide compared to 56,877 in 2006 for a 27 percent decline, according to FAR. The statewide median sales price for condos at year-end was $205,100, down 3 percent from the 2006 year-end condo median price of $211,500. NAR reported the national median existing condo price was $223,500 in October 2007.Interest rates for a 30-year fixed-rate mortgage at the end of 2007 averaged 6.34 percent, according to Freddie Mac, down from the average rate of 6.41 percent at the end of 2006. FAR’s sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written. Among the state’s larger markets, the West Palm Beach-Boca Raton Metropolitan Statistical Area (MSA) reported 6,971 existing homes sold last year compared to 8,640 homes sold in 2006 for a 19 percent decrease. The market's median sales price for homes was $369,400; in 2006, it was $384,700 for a 4 percent decrease. A total of 5,674 existing condos changed hands in the MSA last year, down 8 percent from the 6,139 condos sold in 2006. The existing condo median sales price in 2007 was $198,000; in 2006, it was $220,400 for a 10 percent decrease.“It’s absolutely critical now for people to work with a knowledgeable local Realtor who can help guide them through the process of buying or selling a home,” says John Mike, president of the Realtors Association of the Palm Beaches and a Realtor-sales associate with Prudential Florida WCI Realty. “We’re more than just a technological resource for a real estate transaction: A professional Realtor is a fountain of information and knowledge to have on your side when making one of the biggest financial investments most people will ever make. Just like in the military, you need the right intelligence to make the right decisions. When you go out to do battle in the real estate market, you ought to be armed with the best intelligence on the local housing market and community. That’s what a local Realtor will provide.”Among the state’s smaller markets, the Gainesville MSA reported a total of 2,644 homes sold in 2007 compared to 3,174 homes the previous year for a 17 percent decrease. The existing home median sales price was $210,400; in 2006, it was $213,200 for a 1 percent decline. A total of 939 existing condos sold in the MSA last year compared to 1,284 condos sold in 2006 for a 27 percent decrease. The market’s existing condo median price was $154,900; in 2006, it was $153,400 for an increase of 1 percent.J. Parrish, president of the Gainesville Alachua County Association of Realtors and president of Coldwell Banker M.M. Parrish, Realtors, says retirement trends for baby boomers likely will benefit the area. “You hear the research on how boomers are retiring earlier than their parents did, and that they want a more active lifestyle,” he says. “Therefore, they’re retiring to places where they can find the amenities of continued education, sports and cultural activities associated with university towns like Gainesville.”
© 2008 FLORIDA ASSOCIATION OF REALTORS

Latest Sold Stats for Naples Florida

2008-01-21T08:48:00.000-05:00

This is the latest Sold stats for the Naples area, The December numbers are a positive step forward in home sales here in Naples.

My New Listing 7488 Berkshire Pines Dr

2008-01-14T09:55:00.000-05:00

7488 BERKSHIRE PINES DRIVE

$309,000 Furnished

2Bedroom + Den 2 bath Attached Villa.

Come see this beautiful attached villa, completely furnished. This home is freshly painted throughout with faux in both bedrooms, the rest of the house is painted in neutral colors, Pergo floor in living areas, tile in entry way and both bathrooms and kitchen, the den is a complete office with built in units on 2 walls and a day bed for that extra guest.

THE SHORES is a wonderful gated community located close to Downtown Naples and those lovely beaches, shopping and dining, also convenient to I-75 and Southwest Florida Airport and Alligator Alley for Miami and the Keys.
Come see for yourself what a deal this is! Do not delay as these motivated sellers are
stalled out for now in Naples, just waiting to hit the road in their Motorhome.
Don’t Miss out on this deal!

Call

BERNIE EAST LISTING REALTOR

AMERIVEST REALTY

239-248-1966

or e-mail BEastAmerivestrealty.com

Year End Sales Numbers 2007

2008-01-06T10:48:00.000-05:00

Well 2007 is behind us now lets hope 2008 will be a better Real Estate year.

Our property values are down $75,000 to $125,00 here in The Shores and in the Condominiums at The Preserve we have seen values drop $100,000 plus.

In my opinion the restriction in the availability to hold open houses every Sunday instituted by the Committee is not helping the situation, I have found other subdivision are a lot more flexible and they realize the difficulty in the market here in Naples and surrounding area's. I understand that the committee is concerned with security and fully understand their concern, but they are not helping us with the current rules, I suggest a friendly call to them is needed. The progress on the privacy wall is coming along very well although I am a little concerned with the road construction, it looks like they rip everywhere up and then it just stops, I do not get it and this also is not helping the real estate sales.

If you have friends that would like to read my blog just send this link to them

The Shores Blog

The latest article in the Naples Daily News today is stating that we may have seen the bottom as December figures are showing an improvement

$320,000 7825 STRATFORD DR THE SHORES 4+Den 3b 2b 2,728 2003 12/21/2007
$215,000 7788 MERIDAN CT BERKSHIRE PINES 3 Beb 2b 1,550 2003 11/29/2007
$295,000 7824 MERIDAN CT THE SHORES 3 Bed 2b,1550 2003 8/20/2007
$350,000 7437 MELDIN CT THE SHORES 3 Bed 2 b 1,857 1999 7/17/2007
$292,300 7715 BERKSHIRE PINES DR THE SHORES 3 Bed 2 b 1,550 2003 6/26/2007
$259,000 7432 BERKSHIRE PINES DR THE SHORES 3 Bed 2 b 1,527 1998 4/23/2007
$250,000 7412 BERKSHIRE PINES DR BERKSHIRE PINES 2+Den 2b 1,490 1999 4/6/2007
$357,500 7504 BERKSHIRE PINES DR THE SHORES 2+Den 2 b 1,490 1999 3/30/2007
$409,500 7905 LEICESTER DR THE SHORES 3 Bed 2 b 1,663 2001 3/19/2007
$340,000 7829 BERKSHIRE PINES DR THE SHORES 2+Den 2b 1,525 2003 2/28/2007
$340,000 7943 WEXFORD DR THE SHORES 3 Bed 2 b 1,852 2000 2/19/2007
$335,000 7707 BERKSHIRE PINES DR THE SHORES 3 Bed 2 b 1,774 2003 1/24/2007

This Is a total of 12 for the year that means we have at the moment a one year, seven Month supply of homes for sale which is not good if you are trying to sell your home.

245,000 7560 MEADOW LAKES DR, #4603 THE PRESERVE 3 Bed 2 b 1,406 1999 2/20/2007
$250,000 7720 WOODBROOK CIR, #4304 THE PRESERVE 2+Den 2b ,311 2001 5/30/2007
$220,000 7780 WOODBROOK CIR, #2703 THE PRESERVE 3 Bed 2 b 1,406 2002 6/1/2007
$225,000 7575 MEADOW LAKE THE PRESERVE 2+Den 2 b 1,311 2000 7/20/2007
$220,000 7665 MEADOW LAKES DR APT 4 THE PRESERVE 3 Bed 2 b 1,311 2001 7/28/2007
$225,000 7755 WOODBROOK CIR CIR N THE PRESERVE 3 Bed 2 b 1,350 2002 8/1/2007
$222,000 7655 MEADOW LAKES DR, #1004 THE PRESERVE 3ed 2 b 1,350 2001 8/23/2007
$200,000 7585 MEADOW LAKE DR THE PRESERVE 3 Bed 2 b 1,406 2000 9/21/2007
$200,000 7665 MEADOW LAKES DR, #2 THE PRESERVE 3 Bed 2 b 1,406 1999 11/30/2007

The Preserve saw a total of 9 Sales for the year and at the moment there is 9 for sale so that is also a 1 year supply, 1 Condo asking less than $180,000.

Bernie East ® your Resident Realtor in The Shores

Amerivest Realty

239-248-1966

www.Berniesellsnaples.com

Year to date Sales Report

2007-12-09T10:27:00.000-05:00

2007 Report for The Shores at Berkshire Lake

January 1 sold - Sale price $335,000
February 2 sold -Sale price $340,000 & $340,000
March 2 sold - Sale Price $409,500 $357,500
April 2 sold - Sale price $250,000 $259,000
May 0 sold
June 1 sold - Sale price $292,300
July 1 sold - Sale price $350,000

August 1 sold - Sales price $295,000
September 0 sold
October 0 Sold

November 1 sold - Sale price $215,000

This is a total of Eleven sold for 2007

______________________________________________________________________

2007 Sales Report for The Preserve

January none sold
February 1 sold - Sale price $245,000
March 0 sold
April 0 sold
May 1 sold - Sale price $250,000
June 1 sold - Sale price $220,000
July 1 sold - Sale price $225,000August 2 Sold Sale Price $222,000, $225,000
September 1 - Sold $200,000
October no Sales

November no Sales
This is a total of 8 Sold with 1 under contract 2007 year to date

For any Questions please call
Bernie East 239-248-1966
Amerivest Realty

www.Berniesellsnaples.com

http://Theshoresatberkshirelakes.blogspot.com

2007 Single Family Homes & Condo's sold by Month

2007-11-05T11:12:00.000-05:00

January 1 sold - Sale price $335,000

February 2 sold -Sale price $340,000 & $340,000

March 2 sold - Sale Price $409,500 $357,500

April 2 sold - Sale price $250,000 $259,000

May n0ne sold

June 1 sold - Sale price $292,300

July 1 sold - Sale price $350,000
August 1 sold - Sales price $295,000

September 0 sold

October 0 Sold

This is a total of Ten sold with 1 under contract 2007 year to date

_______________________________

2007 Sales Report for The Preserve
January none sold

February 1 sold - Sale price $245,000

March none sold

April none sold

May 1 sold - Sale price $250,000

June 1 sold - Sale price $220,000

July 1 sold - Sale price $225,000
August 2 Sold Sale Price $222,000, $225,000

September 1 - Sold $200,000

October no Sales

This is a total of 8 Sold with 1 under contract 2007 year to date

For any Questions please call

Bernie East 239-248-1966

Amerivest Realtywww.Berniesellsnaples.com

Proposed Tax Relief

2007-10-31T09:41:00.000-04:00

TALLAHASSEE, Fla. – Oct. 30, 2007 – It’s voters’ turn: The Florida Legislature passed property tax reform and a proposed amendment will appear on the January ballot. The amendment offers moderate relief for homeowners and slight relief for commercial property, but it does not go as far as an earlier House proposal. To become law, the proposal must still receive 60 percent of the votes in the Jan. 29, 2008, election.The vote went down to the wire. Had the House and Senate not agreed by today, it would have been too late to get it on the January ballot, postponing any kind of tax relief.“We are pleased the Legislature understood that missing the deadline for a January vote of the people was not an option,” says the Florida Association of Realtors (FAR) President Nancy Riley. “Tax reform is necessary to stimulate our economy. To put tax relief off to November 2008 would have been devastating to our state.”The discussion included a number of considerations and not all made it into the final version. A complete breakdown of the individual considerations and how they fared in the final tax proposal is available in chart format at www.floridarelators.org under “What’s New.” Highlights of the passed legislation include:• Double the homestead exemption, but only for homes valued at more than $75,000 and not for school taxes• Allow owners of homestead property to transfer up to $500,000 in Save Our Homes benefits, including school taxes, to a new home• Impose a 10 percent assessment cap on non-homestead property for the next 10 years. The cap does not apply to school taxes. After 10 years, voters will have the option to restore the 10 percent cap• Allow businesses to exempt $25,000 in taxes paid on computers, office equipment and other personal propertyWith the deadline at hand, lawmakers had to quickly agree, and the final package represents a product that everyone could accept. The House, however, emphasized repeatedly that it would continue to work on property tax reform during the Legislature’s regular session next year, an opinion echoed by FAR.While in favor of portability, FAR worries about including a portability provision without also adding some kind of relief for first-time homebuyers, a move promoted heavily but one that did not make it into the final version. Without any kind of first-time homebuyer protection, the U.S. constitution’s “right to travel” provision could be the basis of a court challenge.© 2007
FLORIDA ASSOCIATION OF REALTORS®

Current Listing Report

2007-09-24T08:05:00.000-04:00

There are currently 21 homes for sale here in The Shores with 1 under contract priced from $295,000 to $500,000. At this current rate we have a 3 year supply of Homes.

There are 14 Condominiums for sale and 1 under contract in The Preserve priced from $214,000 to $399,000. At this current sales rate we have a 2 year supply of Condominiums.

Average sales price of a Condominium in The Preserve has dropped from a high in 2006 of $311,000 to a low of $225,000 in 2007.

Average sale price of a home in The Shores has dropped from a high in 2006 of $438,000 to a
low of $322,000 in 2007.

BERNIE EAST

AMERIVEST REALTY

239-248-1966

YEAR ROUND RESIDENT IN THE SHORES

Open House Sunday 9th September

2007-09-06T12:22:00.000-04:00

7552 Berkshire Pines Drive Attached Villa open Sunday 1.00pm to 4.00pm

PRICE REDUCED VERY MOTIVATED OWNER WANT'S IT SOLD WILL ENTERTAIN ALL OFFERS

This Lovely 2+Den 2 Bath Attached Villa with extended Lania, nicely decorated throughout with nice decorator touches both inside and also on the Lania. This home has lots of upgrades Refrigerator, Range, Kitchen and Bathroom cabinets, nine Ceiling fans, Screened front entry door, Humidistat and upgraded R-30 insulation for lower utility costs, the home is complete with storm shutters. This home is situated in a very peacefull and quite part of the Shores.The Gate on Santa Barbara will be open this Sunday Sept 9th 2007

Call Bernie East Amerivest Realty 239.248.1966

www.Berniesellsnaples.com

Year to date Sales Numbers

2007-09-06T12:07:00.000-04:00

Single Family Homes sold by Month in The Shores

January 1 sold - Sale price $335,000
February 2 sold -Sale price $340,000 & $340,000
March 2 sold - Sale Price $409,500 $357,500
April 2 sold - Sale price $250,000 $259,000
May n0ne sold
June 1 sold - Sale price $292,300
July 1 sold - Sale price $350,000

August 1 sold - Sales price $295,000

This is a total of Ten sold 2007 year to date
--------------------------------------------------------------------------------------------------------------------------------------
2007 Sales Report for The Preserve

January none sold
February 1 sold - Sale price 245,000
March none sold
April none sold
May 1 sold - Sale price $250,000
June 1 sold - Sale price $220,000
July 1 sold - Sale price $225,000

August 2 Sold Sale Price $222,000 $225,000

This is a total of 6 Sold with 1 under contract 2007 year to date

For any Questions please call
Bernie East 239-248-1966
Amerivest Realty
www.Berniesellsnaples.com

OPEN HOUSE SUNDAY 1.00PM TO 4.00PM

2007-08-24T15:05:00.000-04:00

7552 BERKSHIRE PINES DRIVE NAPLES FL 34104

Lovely 2+Den 2 Bath attached villa with extended lanai, very quiet location, lots of upgrades including 9 ceiling fans, upgraded refridgerator ,range, and bathroom cabinets, complete with storm shutters, humidistat, upgraded R-30 insulation for lower utility costs, screened front entry door.
----------------------------------------------------------------------
Bernie East Realtor®
Amerivest Realty
239-248-1966 cell
www.berniesellsnaples.com-
----------------------------------------------------------------------

YEAR TO DATE SALE REPORT 2007

2007-08-01T10:29:00.000-04:00

2007 Sales of homes and Condo's in The Shores

-------------------------------------------

Single Family Homes sold by Month in The Shores

January 1 sold - Sale price $335,000

February 2 sold -Sale price $340,000 & $340,000

March 2 sold - Sale Price $409,500 $357,500

April 2 sold - Sale price $250,000 $259,000

May n0ne sold

June 1 sold - Sale price $292,300

July 1 sold - Sale price $350,000

This is a total of nine sold and one under contract 2007 year to date

--------------------------------------------------------------------------------------------------------------------------------------

2007 Sales Report for The Preserve

January none sold

February 1 sold - Sale price 245,000

March none sold

April none sold

May 1 sold - Sale price $250,000

June 1 sold - Sale price $220,000

July 1 sold - Sale price $225,000

This is a total of 4 Sold with 3 under contract 2007 year to date

For any Questions please call

Bernie East 239-248-1966

Amerivest Realty

www.Berniesellsnaples.com

OPEN HOUSE SUNDAY JULY 29th 1.00-4.00pm

2007-07-27T15:58:00.000-04:00

PRICE REDUCED VERY MOTIVATED OWNER WILL ENTERTAIN ALL OFFERS

7552 Berkshire Pines Drive

Bernie East Realtor®

239-248-1966

Amerivest Realty

WOULD YOU LIKE TO EXCHANGE YOU HOUSE

2007-07-27T15:50:00.000-04:00

I have a client who is interested in moving into The Shores, and is looking for somone to switch homes and cash for his home in St Cloud, Florida.

Call Bernie East, 239-248-1966

Amerivest Realty

www.Berniesellsnaples.com

June Sales Report

2007-07-05T09:44:00.000-04:00

June 2007 Sales Report

The Market is still the same here in The Shores and The Preserve

Homes Sold in June is 1 for a total of 8 for the year

Condo's Sold in The Preserve, are 1, with 2 under contract, for a total of 3 sold for the year.

To look at all Homes and Condo's for sale in the Shores please visit my website-

www.Berniesellsnaples.com

----------

239.248.1966 cell

---------

To search for all open houses please visit.

www.openhousesouthwestflorida.com

----------

This is the new website developed by the Naples Area Board of Realtors.

Open House Sunday 1.00-4.00pm 7552 Berkshire Pines Dr

2007-07-05T09:00:00.000-04:00

OPEN 1.00PM TO 4.00PM SUNDAY JULY 8th

Lovely 2+Den 2 Bath attached villa with extended lania, very quiet location, lots of upgrades including 9 ceiling fans, upgraded refridgerator ,range, and bathroom cabinets, complete with storm shutters, humidistat, upgraded R-30 insulation for lower utility costs, screened front entry door.

----------------------------------------------------------------------

Bernie East Realtor®

Amerivest Realty

239-248-1966 cell

www.berniesellsnaples.com-

----------------------------------------------------------------------

WEBSITE for SEARCHING OPEN HOUSES in NAPLES/BONITA AREA.

http://www.openhousesouthwestflorida.com

2006 - 2007 SALES and PENDING

2007-06-28T08:46:00.000-04:00

Naples Season Sales Off 7.7%, Prices Down 10.6%

This morning I pulled year to date Naples, Florida statistics from Sunshine MLS (the local MLS system) to determine how the 2007 season compared to 2006. I compared numbers from January 1 to May 31 for each year and found the following:
Number of Pending Sales
2006: 2651
2007: 2448 DOWN 7.7%

Median Price Average:2006: $443,300
2007: $396,440 DOWN 10.6%

So what does it mean? These numbers are no where near the poor pending numbers when comparing 2006 to 2005, a time where pending sales dropped 53.1%.
Even better news is pricing, 2006 to 2005 had seen a gain in median prices by 27%, however we have only given 10.6% back.
This market rewards sellers who price their property correctly and severely penalizes those who don't.
With residential inventory over 11,000 units, buyers can find great value if they do their homework.
Of course I recommend hiring a Realtor, our value is really apparent in a normal market like today

.Joe BallarinoPresident & FounderAmerivest Realty

MAY SALES REPORT

2007-06-15T09:29:00.000-04:00

Well the weather maybe hot in The Shores but Real Estate Sales are cold no Sales or any property under contract, The Preserve did much better with 1 closing on the 1st of June and 3 others under contract due to close in June, the prices in The Preserve are really falling now is a great time for that first time buyer, we have mortgages available for first time buyers with assistance, please call me 239.248.1966 or E-mail me BEast@Amerivestrealty.com for details. to look at all properties for sale in The Shores or The Preserve visit www.Berniesellsnaples.com.

YEAR TO DATE SALES Homes in The Shores are Jan 1 Feb 2 Mar 2 Apr 2 Total of Seven.

YEAR TO DATE SALES Condo's in The Prerserve are Jan 0 Feb 1 Mar 0 Apr 0 May 0 Total of 2

COMPETITIVE PRICING KEY TO SALES

2007-05-30T08:27:00.000-04:00

Getting a listing is good but only if it sells. Many Realtors face a daunting task today: How do you tell a seller that he should have a lower asking price – something less than the amount his neighbor got when his similar-sized home sold in 2006? Richard Coren, a Pembroke Pines seller, listed his home for $420,000 in November and it just sat there. Finally, he knocked $40,000 off the price based on advice from his Realtor, Cyndy Wald with the Keyes Co.’s Weston office. Wald says she told Coren that his $420,000 asking price was “yesterday’s news,” advice she gives all her clients. “We’re still in this correction phase,” Wald says. “They have to price it very competitively.” David Dabby, a Realtor in Coral Gables, notes that the relatively strong economy and still-affordable interest rates keep prices from falling even further – at least for now. Should either of those conditions change, however, a seller unwilling to accept a drop in asking price today could be forced to swallow an even greater loss tomorrow.

SourceFlorida Association of REALTORS

May 2007 Update

2007-05-26T10:04:00.000-04:00

Real Estate sales in The Shores came up short, with no sales or any pending sales in May. at the moment we have 26 Single Family Homes & Attached Villa's for sale ranging in price from $309,900 to $619,000.

Real Estate sales in The Preserves on the other hand we have one active with contract and one pending sale, so we now have 22 condominiums for sale ranging in price from $239,900 to $335,000.

Bernie East

Amerivest Realty of Naples

239.248.1966 Cell

239.455.0692 Home Office

www.Berniesellsnaples.com

2007 First Quarter Sales

2007-05-07T10:03:00.000-04:00

NAPLES AREA BOARD OF REALTORS®REPORTS FIRST QUARTER TRANSACTIONS
NAPLES -

The Naples Area Board of Realtors® has released first quarter 2007 statistics for home listings and sales in Naples, utilizing the Board’s local reporting format.
In this report, only sales of homes within the Naples geographic area are being shown - specifically all areas in Collier County excluding Marco Island and other outlying areas - to reflect an accurate and relevant portrait of the local real estate market.
A summary of the statistics is presented in graph format, along with the following analysis.
New listings as of March 31, 2007, were 5,885 as compared to the record 6,851 reported in the first quarter of 2006, marking a drop of 14 percent.
Pending sales during the first quarter of 2007 were reported at 1,491, a slight decrease of 4.5 percent from the first quarter of 2006.
There were 939 closed sales reported at the end of the first quarter of 2007, a drop of 25 percent from the first quarter of 2006 which reported 1,250 closed sales.
The median sales price of homes sold during the first quarter of 2007 was $399,512. The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order, in this case prices at which homes were actually sold.
It should be noted that in any given period the median can vary greatly if there is an anomaly, a single sale that is significantly higher or lower than other properties in the area.
With Naples Area Board of Realtors® members reporting continuing increases in showings to qualified buyers and pending sales indicating improved activity, the expectation is that the market will maintain an upward push.
Median pricing is again showing a rise, with an overall upward trend line over the long term. Median prices have not yet reached the level experienced during the record sales in early 2005 and first quarter 2006, but the value of the Naples location remains a strong draw for luxury second-home buyers and investors on the national and international level.
Inventory: As of April 1, 2007, there were 12, 123 active listings on the market. With 4,183 homes sold in the previous 12 months, it is calculated that the current inventory represents a 35 month supply.
The calculation of months’ supply is derived by dividing the total number of listings at the beginning of the month (Supply) by the number of sales which closed over the past 12 months (Demand). This way we normalize the data by utilizing the prior rolling 12 months closing statistics (Demand). This methodology illustrates a more realistic trend which takes into account market seasonality. After we calculate the years supply, we then multiply the years supply times 12 to get the months supply. This is the current method used by Hanley Wood Market Intelligence.

Sales report through May 2007

2007-05-02T15:46:00.000-04:00

Well the good news to report is sales for 2007 are equal to all sales in 2006 in The Shores.

With 2 sales closing last month we are at a total of 7 sold for the year.

Today I attended an appraisal class and we were informed houses in most of the Naples area are selling at the same level as like homes sold for in the first quarter on 2005, the main problem we have is an over supply of homes on the market and until homes for sale equals homes sold in the previous year it will keep our home prices down.

At the moment there are 26 homes listed on the Naples MLS in The Shores that does not include homes for sale by owner, this results in a 3 to 4 year supply.

New Credit Score Base

2007-04-19T13:44:00.000-04:00

New Credit Score Based on Rent, Utility PaymentsFair Isaac has launched the FICO Expansion Score to help prospective borrowers with minimal credit histories obtain loans and credit scores. The Expansion score gauges a borrower's creditworthiness using timely utilities and rent payments and clean checking accounts, among other factors. While car dealers and credit-card companies have already embraced the new scoring model, mortgage lenders are unlikely to do so unless Fannie Mae and Freddie Mac purchase the resulting loans.

Kiplinger's Personal Finance, Joan Goldwasser (03/07)

DAILY REAL ESTATE NEWS

2007-04-18T12:32:00.000-04:00

April 18, 2007Mortgage Volume Slows,

Although Refinances Up Mortgage application volume decreased 2.5 percent last week on a seasonally adjusted basis, probably because of the Easter holiday, says Vincent Varma, director of industry surveys at the Mortgage Bankers Association.Compared with the same week last year – on an unadjusted basis – applications rose 9.9 percent. A clear improvement since Easter didn’t fall in the same week last year.The refinance share of mortgage activity increased to 43.6 percent, compared to 42.8 percent the previous week. The average contract interest rate for 30-year fixed-rate mortgages increased to 6.22 percent from 6.16 percent. The average contract interest rate for 15-year fixed-rate mortgages increased to 5.92 from 5.91 percent. The average contract interest rate for one-year ARMs increased to 5.89 from 5.88 percent.

REALTOR® Magazine Online

Country Western Night

2007-04-13T11:25:00.000-04:00

Hi everybody,

I would like to thank Alan & Pat Fisher as well as Brian & Wendy Keen for a great night of Entertainment, the young clogger's from Lee County were amazing, if you did not make it you surely missed a treat.

Open House 7552 Berkshire Pines Dr Naples FL 34104

2007-04-06T08:54:00.000-04:00

OPEN HOUSE SUNDAY APRIL 8TH 1.00pm - 4.00pm

PRICE REDUCED VERY MOTIVATED OWNER WILL ENTERTAIN ALL OFFERS

Call Bernie East For More Info 239.248.1966

www.Berniesellsnaples.com

WELCOME TO THE LANDRY'S

2007-04-01T11:34:00.000-04:00

I would like to welcome new home owners Gilbert & Brenda Landry to the Shores thank you

for buying my listing.

Sales update as of April 1st.

5 Sold in 2007

7 Sold in all of 2006

24 Sold in 2005 with 8 being sold in the first 3 months

This is a much healthier start to 2007 let us hope we can keep the sales trend going up and also keep our property values from sliding like they have in the past 12 months i'm sure you have noticed how the value of your homes has declined.

Mortgage Demand up 17% Year over Year

2007-03-28T13:58:00.000-04:00

Mortgage Demand Up Almost 17 Percent Year Over Year

Demand for mortgages fell slightly last week compared to the previous one with the Market Composite Index decreasing 0.2 percent from 672.1. But on an unadjusted basis compared with the same week one year ago, applications were up 16.6 percent.The refinance share of mortgage activity decreased to 45.1 percent of total applications from 45.3 percent the previous week.The average interest rate for 30-year fixed-rate mortgages decreased to 6.04 percent from 6.06 percent.The average interest rate for 15-year fixed-rate mortgages decreased to 5.77 from 5.79 percent.The average contract interest rate for one-year ARMs decreased to 5.84 from 5.88 percent.

—REALTOR® Magazine Online

OPEN HOUSE THIS WEEKEND 1.00PM-4.00PM

2007-03-28T09:59:00.000-04:00

7552 BERKSHIRE PINES DRIVE NAPLES 34104

PRICE REDUCED VERY MOTIVATED OWNER WILL ENTERTAIN ALL OFFERS

This Lovely 2+Den 2 Bath Attached Villa with extended Lania, nicely decorated throughout with nice decorator touches both inside and also on the EXTENDED Lanai.

CALL BERNIE EAST 239.248.1966 FOR MORE INFORMATION

AMERIVESTREALTY OF NAPLES

BBQ DINNER AT THE SHORES CLUB HOUSE

2007-03-28T09:39:00.000-04:00

COUNTRY & WESTERN BBQ DINNER WEDNESDAY APRIL 11TH 5.00PM

Music and Entertainment cost is $23.00 per person.

Hosted by Alan and Pat Fisher - Brian & Wendy Keen

Call 352.0731 or 455.4944 for reservations.

The Shores Website

Daily Real Estate News

2007-03-27T16:01:00.000-04:00

New-Home Sales Down for 2nd Month Sales of new homes fell for the second consecutive month, prompting economists to wonder if a housing-market rebound is likely this year.The Commerce Department reported yesterday that sales of single-family homes fell 3.9 percent in February to a seasonally adjusted annual rate of 848,000 homes. That’s the slowest rate in nearly seven years. This decline followed a 15.8 percent decline in January, the largest single-month decline in 13 years.Prices also fell in February to a median new-home price of $250,000, down 0.3 percent from a year ago. The inventory of unsold homes reached 546,000 units. At that rate it will take 8.1 months to sell off the backlog. This is the longest sell-off period in 16 years.Patrick Newport, senior economist at Global Insight, called the housing market weak and said his research firm doesn’t believe the market will recover this year.Last week the NATIONAL ASSOCIATION OF REALTORS® reported a 3.9 percent month-over-month increase in sales of previously owned homes. Economists say the difference between new-home sales and existing-home sales could be due to a couple of factors. New home sales are calculated from contracts actually signed in February when the weather was cold, while existing home sales reflect purchase agreements signed in December and early January, when the weather was warm in most parts of the country.The reports also may reflect shifting home-buying habits. Faced with tighter credit and slowing price appreciation, more buyers may be choosing the less expensive previously owned homes rather than pricier new homes."In a down market, people aren't looking to get into the most expensive home," says Richard DeKaser, chief economist at National City Corp. in Cleveland.Source: The Associated Press, Martin Crutsinger (03/26/2007); and The Wall Street Journal, Michael Corkery (03/27/2007)-Home Sales Down for 2nd Month Sales of new homes fell for the second consecutive month, prompting economists to wonder if a housing-market rebound is likely this year.The Commerce Department reported yesterday that sales of single-family homes fell 3.9 percent in February to a seasonally adjusted annual rate of 848,000 homes. That’s the slowest rate in nearly seven years. This decline followed a 15.8 percent decline in January, the largest single-month decline in 13 years.Prices also fell in February to a median new-home price of $250,000, down 0.3 percent from a year ago. The inventory of unsold homes reached 546,000 units. At that rate it will take 8.1 months to sell off the backlog. This is the longest sell-off period in 16 years.Patrick Newport, senior economist at Global Insight, called the housing market weak and said his research firm doesn’t believe the market will recover this year.Last week the NATIONAL ASSOCIATION OF REALTORS® reported a 3.9 percent month-over-month increase in sales of previously owned homes. Economists say the difference between new-home sales and existing-home sales could be due to a couple of factors. New home sales are calculated from contracts actually signed in February when the weather was cold, while existing home sales reflect purchase agreements signed in December and early January, when the weather was warm in most parts of the country.The reports also may reflect shifting home-buying habits. Faced with tighter credit and slowing price appreciation, more buyers may be choosing the less expensive previously owned homes rather than pricier new homes."In a down market, people aren't looking to get into the most expensive home," says Richard DeKaser, chief economist at National City Corp. in Cleveland.

Source: The Associated Press, Martin Crutsinger (03/26/2007); and The Wall Street Journal, Michael Corkery (03/27/2007)

Subprime Fallout

2007-03-26T18:47:00.000-04:00

Home Owners vs. Banks Financially-strapped and bankrupt home owners are pointing the finger at banks and mortgage brokers for selling them on the idea of subprime mortgages. Doug Duncan, chief economist for the Mortgage Bankers Association in Washington, D.C., acknowledges that in some cases aggressive lenders obscured facts and made loans that borrowers couldn't afford. But he, like other lenders, says it was the responsibility of borrowers to read and understand what they signed.About 50 percent of the subprime mortgages were "stated income loans," with no verification of borrowers' incomes, says Paul Leonard, director of the California office of the Center for Responsible Lending.Last year, the Mortgage Asset Research Institute sampled 100 such loan applications and reported that 90 percent listed significantly higher incomes for borrowers than they had reported on their tax returns."Borrowers need to protect themselves and need to read what they're signing,” says Nick Larson, an assistant vice president at the Mortgage Asset Research Institute. “At the end of the day, bottom line, you can't stress this enough: The person who is signing the papers is committing themselves financially.

”Source: Associated Press, Alex Veiga (03/25/07)

The Shores Year to date Home Report

2007-03-26T12:11:00.000-04:00

Here are The Sale Numbers Through March 26th 2007

Homes sold and closed are 4 with 2 others under contract, this is a positive start to 2007. it is double what happened in 2006 when just 2 homes sold in the first 3 months. At The moment we have 29 homes for sale ranging in price from $299,000 to $669,000 and we are coming to the end of our season

All of last year we sold seven properties in 2006 and we are seeing according to the Sunshine MLS statistics in the last 12 months a loss in value of 9% average on

our properties

Property listings for THE SHORES

2007-03-23T09:41:00.001-04:00

Click on link below to see all properties in The Shores for sale on the MLS.

Shores Properties for sale

Call Bernie East 239.248.1966

E-mail Bernie at BEast@amerivestrealty.com

Bernie's Web Site

Motivated Seller

2007-03-19T11:16:00.000-04:00

$334,900
Open House This Weekend 24th and 25th March 1.00pm-4.00pm.
Owner will look at all offers on this attached villa in THE SHORES lovelly 2b+Den
2bath the den has wonderfull piece of built in office furniture complete will file cabinets and computer desk you have to see this. Very quiet location this home has extended lania, home is freshly painted throughout.

Call Bernie East 239.248.1966

www.Berniesellsnaples.com
BEast@Amerivestrealty.com

Amerivest Realty

RENTAL NEEDED IN THE SHORES

2007-03-14T07:59:00.000-04:00

I have a client re-locating from Brazil to Naples they have 2 chidren would like to rent a furnished or unfurnished 2 or 3 bedroom house from August 2007 to August 2008.

Please e-mail me or call me.

239.248.1966

BEast@Amerivestrealty.com

www.Berniesellsnaples.com

New Listing in the Shores

2007-03-02T09:48:00.000-05:00

7504 Berkshire Pines Drive priced at $369,000

Completely redone home with your own private solar heated swimming pool, new wood flooring and new tiles. Kitchen has new appliances and new washer dryer,very open great room floor plan. This attached villa is located in the wonderfull "Shores" gated community with large clubhouse with exercise room,card room,2 pool tables, Tennis courts and childrens play area plus Olympic size swimming pool. The Shores activities in and around the clubhouse are fantastic something for everyone in your family.

Just doing my Job

2007-03-02T09:22:00.000-05:00

When I first started this Blog one of the rules was don't use this as a complaint vehicle unfortunately I have to be the first one to break it and here is the reason why.

After complementing The Shores Board for great forsight in opening the gates on 2 Sunday's for open houses.

I recieved The "Shores" Newsletter on Thursday and I was shocked to find out that open houses are only allowed on those two days because of a security issue the board think we have.

Well my answer to that is we sure have a security issue it is not that people are stealing from us from the outside the board are causing us to loose money in property values by not allowing realtor's to hold open houses, for those residents who need to sell their houses either to move out of state or to move on to bigger and better.

Just look around and see how long some houses have been on the market as of today one is standing at 534 days another at 456 days.

Some stat's for you to know and this is from the MLS listings not counting those for sale by owner.

Single Family for sale 30, 7 sold in 2006, that means we have a 4 year supply.

Condominiums for sale 24, 8 sold in 2006, that means a 3 year supply.

Now it doesn,t take a math major to see what is going to happen to the value of our property does it.

Please contact the board and see if we can reverse their decision.

Shore Real Estate Update

2007-03-01T09:54:00.000-05:00

Well February was a much better month for sales here in The Shores at last we are getting some traffic.

One of the attached villa's that have been on the market for a long time has now gone under contract, and one house on Leicester Dr was under contact in 2 days from going on the market

I would like to thank the Board for their positive action in opening the gates two times a month on the 2nd and 4th Sunday's from 1.00pm to 4.00pm.

Welcome all Owners in the Shores

2007-03-01T09:45:00.000-05:00

If you would like to subscribe to the blog just e-mail me at

BEast@amerivestrealty.com

I will then give you permission by sending you a link.

Bernie East Realtor

Amerivest Realty of Naples

239.248.1966

Welcome to the Murray's

2007-02-17T16:32:00.000-05:00

I would like to welcome Ed & Louise Murray our new residents in The Shores, Ed & Louise are from Braintree, MA.

Many thanks for using my services to purchase your home in the Shores and to list your unit in Countryside

THE SHORES

2007-02-17T10:04:00.000-05:00

The definition of affordable, upscale Naples living, The Shores is centrally located at the intersection of Santa Barbara Blvd. and Radio Road. This makes it convenient to shopping, restaurants, downtown Naples, beaches, medical facilities and Interstate 75.The Shores is a deed restricted, professionally managed community of single family homes, villas and condominiums. As you enter the community of The Shores, you are immediately struck by the feeling of a tight-knit community, and a true sense of what a neighborhood should be.Whether it is the immaculate grounds, the beautiful club house with fitness center , ballroom, pool room and card room, well-kept homes, tennis courts, community pool, or just the strong sense of community you are looking for, The Shores has it all.

WELCOME TO THE SHORES BLOG

2007-02-15T14:47:00.000-05:00

Hi everyone just wanted to create a blog for the Home owners in The Shores I do not want it to become a complaint vehicle.

Just post a good restaurant or a good movie you have seen or you may have something you want to sell.

I will from time to time keep you informed on how the Real Estate market is going in and around the Shores.

Bernie East®

239.248.1966

Amerivest Realty of Naples