Ron "The Bear" Barakett

Bundled Golf Naples Florida Update

These communities have emerged as the financially stable, and most fiscally sound of the golfing communities. This was a very brisk sales week, across the board, reducing available inventories to 204 (remember this is roughly 5% of 4800 units) Vanderbilt Country Club led the way with 4 sales. This was somewhat offset by 3 new listings, none the less, a very strong showing  Across the board, Condominiums (TERRACES, WATERFORD etc) make up a disproportional share of this inventory; net result of this is downward price pressure on the condos.

For instance, 8 of the 11 price reductions were taken by the Condominiums. The overall market is very healthy, and will achieve stability when total inventory drops to 175 units (a 13% drop)

TRIVIA FOR THE WEEK
For those of us who drive to Babcock Ranch I have some interesting news and links for you, just send me an email.

If you think your friends/family would be interest in this information please have them subscribe or send me their email and I will be more than happy to include them in my weekly email.

Bundled Golf Quarterly Update Report

Cedar Hammock Quarterly Report

Forest Glen Quarterly Report

Heritage Bay Quarterly Report

Naples Heritage Quarterly Report

Naples Lakes Country Club Quarterly Report

Vanderbilt Country Club Quarterly Report
Vanderbilt Country Club Changes

Have a great week!

Ron@AskTheBear.com