Aug
04
Weekly Update, Bundled Golf Communities Naples FL
The reason I am tardy with this week’s report is a little boy called Andrew Terrebonne from New Orleans. My grandson is from the Nations energy rich Louisiana. He runs on Everready++ batteries. Alas he and the family have left, and I am catching up on some sleep, but also feel the big void created by departing family.
Real Estate has slowed up a bit during the summer. It is still a buyer’s market, however we are reaching a point of selective short inventory. Depending on what floor your lobby is on, we may have reached a bottomed. Condos at $150,000, incremental increases for size, density (Carriage vs. Condo, Coach vs. Carriage). Your lobby is where on the pricing curve you are. Selling a condo at $175,000 (base unit first floor) means you are under downward pressure. That being said, here is the summary for the week.
| BUNDLED GOLF REPORT AUGUST 2,2010 | |||||
| ACTIVE | SALES | NEW | REDUCED | CLOSINGS | |
| Cedar Hammock | 27 | 0 | 1 | 0 | 0 |
| Forest Glen | 51 | 0 | 1 | 0 | 0 |
| Heritage Bay | 23 | 1 | 0 | 0 | 0 |
| Naples Heritage | 27 | -1 | 1 | 0 | 0 |
| Naples Lake | 54 | 0 | 0 | 1 | 1 |
| Vanderbilt C C | 32 | 1 | 1 | 0 | 0 |
| TOTAL | 214 | 1 | 4 | 1 | 1 |
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Ron "The Bear" Barakett!
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