Collier homes sales up almost 13% despite concerns over short-term rental crackdown

Credit: FOX 4 Now Florida
Published on June 21, 2019 - Duration: 02:04s

Collier homes sales up almost 13% despite concerns over short-term rental crackdown

Reports say home sales in Collier County rose 12.8% in April 2019 from April 2018.

That's despite a fear from realtors that home buyers might look elsewhere, after the county decided in March to issue warnings and fines to owners of short-term rental homes, based on noise complaints from homeowners living nearby.

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Collier homes sales up almost 13% despite concerns over short-term rental crackdown

HAPPY ENDING...FOX 4 NEWS AT 6 STARTS RIGHTNOW!REALTORS SAY HOME SALES INCOLLIER COUNTY ARE ON THEUPSWING...DESPITE RECENTCONCERNS OVER SHORT-TERM RENTALRESTRICTIONS AND RED TIDE.THANKS FOR JOINING US ON FOX 4NEWS AT 6- I’M PATRICK NOLAN.AND I’M JANE MONREAL.THE NAPLES AREA BOARD OFREALTORS SAYS HOME SALES WERE UPALMOST THIRTEEN PERCENT IN APRILFROM ONE YEAR AGO.FOUR IN YOUR CORNER’S KARLFORTIER LOOKING INTO WHAT HASBUYERS OVERCOMING ANYRESERVATIONS THEY MIGHT HAVE HADABOUT BUYING A HOME IN COLLIER.Tiffany McQuaid/Naples Realtor"The average sale price droppedto 340 from 360, which was lastApril’s number."AN AVERAGE TWENTY THOUSANDDOLLAR DROP IN HOME SALE PRICESMIGHT BE THE MAGIC NUMBER THATHAS BUYERS COMING BACK TOCOLLIER COUNTY....SALES ARE UPTWELVE-POINT-EIGHT PERCENT FROMLAST YEAR.THIS IS DESPITE A RECENT FEARFROM REALTORS THAT POTENTIALHOME BUYERS WOULD LOOKELSEWHERE...WHEN THE COUNTYDECIDED TO START CRACKING DOWNON SHORT-TERM RENTALS A FEWMONTHS AGO, BASED ON ALMOST AHUNDRED NOISE COMPLAINTS IN 2018FROM HOMEOWNERS LIVING NEARRENTALS.Kathi Kilburn (file from March27)"I have a short-term vacationhome next to me.

Let mere-phrase that, I have a hotelnext to me."(:07)Penny Taylor/Collier CountyCommissioner (file from March27)"The change in the wayneighborhoods are evolving isfrightening."(:04)IM MARCH, COLLIER COMMISSIONERSVOTED TO HAVE CODE ENFORCEMENTBEGIN ISSUING WARNINGS AND FINESFOR SOME OF THE WORST OFFENDERS.REALTORS TRYING TO MAKE A BUCKIN AN AREA RECOVERING FROM REDTIDE AND OTHER WATER QUALITYISSUES BALKED AT THE MOVE.Tiffany McQuaid/Naples Realtor"I think it made the entiremarket nervous because eventhough we’ve converted to moreof a year-round market, we stillhave a lot of the transientpeople that enjoy season."(:10 2844)NAPLES REALTOR TIFFANY MCQUAIDSAYS THOSE SHORT-TERM RENTERSNOT ONLY BRING MORE DOLLARS TOOTHER BUSINESSES LIKERESTAURANTS AND SHOPS, BUT ALSOHELP THE REAL ESTATE MARKET INANOTHER WAY.Tiffany McQuaid/Naples Realtor"That’s what I call getting yourfeet wet.

People come down, tryit out for a month.

Inevitablythey convert into purchasingsomething."(:10 3035)SHE SAYS LOW INTEREST RATES AREHELPING TO BRING BUYERSBACK...AND COUNTY LEADERS ARERE-CONSIDERING THE CRACKDOWN ONSHORT-TERM RENTALS.Tiffany McQuaid/Naples Realtor"Very smart that they continueto allow that and not put adamper on it at this point."(:06 2918)(KARL LL)COMMISSIONERS WILL DISCUSS ANYFUTURE DIRECTION IN HOW TOHANDLE COMPLAINTS ABOUTSHORT-TERM RENTALS AT

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