Ron "The Bear" Barakett

Happy New Year! Bundled Golf Communities Weekly Report – Naples FL

This past week was unusually active for showings, contracts and general interest in Bundled Golf Properties. Heritage Bay has 4 x 12 unit buildings under construction/and or in permitting, as well as 2 x 30 unit elevator buildings. They are not just practicing!  The number of active listings has dropped from 238 to 226, distribution weighted heavily towards the condominium products.

There were 5 net sales, plus 3 contingent contracts versus only 2 new listings. I have attached the individual communities moving 3 month averages.

Cedar Hammock Quarterly Report

Forest Glen Quarterly Report

Heritage Bay Quarterly Report

Naples Heritage Quarterly Report

Naples Lakes Quarterly Report

Vanderbilt Country Club Quarterly Report

Bundled Golf Communities Quarterly Report

I have attached a “listing history” file called Hogs Get Slaughtered. This is a real time file on a real property that is only worth $325,000 in this market. IT IS BEING AUCTIONED ON THE STEPS TODAY. It is my goal to keep my clients out of this mess.

Hogs Get Slaughtered Report

The subscription to this weekly report continues to grow, we add about 8 new ones every week, and lose 2 or 3 as people exit the market as sellers and/or buyers. The really, really deeply discounted deals are now in the rear view mirror, and the road ahead looks stable. A rule of thumb appraisal is 2001 pricing, and that will get you within 2% of market value.

A Happy, Healthy New Year to all. Keep referring your friends to this report, and remember it is permission based………..an e-mail to me will immediately delete you from this weekly report.

Ron@AskTheBear.com