Ron "The Bear" Barakett

Mid February Update, Bundled Golf Communities – Naples FL

There were 12 new sales for the week; however 16 new properties listed yielding an increase of 4 inventories bringing us to 215. The ongoing lawsuit at Naples Lakes condominiums (Lake Barrington) will spill over and affect pricing and inventory across the spectrum of residences in this fine community. That explains the 6 new listings and price reductions. Naples Heritage has not had many sales, and had maintained a pricing premium to Heritage Bay, but that appeared to cave this week with 5 additional price reductions.

You can look at availability in any one community, and predict the “next” sale to occur. It’s still all about price. Try opening the Bundled Golf Quarterly report, pick out the lowest price unit, and watch if it doesn’t become the next sale next week. Lurking in the shadows is the 400 pound gorilla “FORECLOSURE”. There were 982 new filings in January, and the court house only disposes 400 cases a week. The overflow becomes short sale, yielding the 52% increase in sales year over year reported by NABOR. (See article below)

Bundled Golf Communities Quarterly Report

Home Sales Article from NABOR
Foreclosure Sales Article from NABOR

Vanderbilt Country Club Changes
Vanderbilt Country Club Quarterly Report

For more specific information, you can go to my award winning web site www.MLSofNaples.com, e-mail me or call me at 239/850-1366  for a free, no obligation consultation.

Please remember you are always welcomed to be my guest and search the MLS like an agent.

Ron@AskTheBear.com