Ron "The Bear" Barakett

Christmas Report Bundled Golf Naples Florida and one tricky trivia question

I want to take a moment to wish all of my readers a Merry Christmas. It is for all of us a time to visit with family, call those who are at a distance. These are very precious days, and I hope we all make the best of them.

And now, back to the future. A little more balance in new sales vs. new listings (7 vs. 8), and by attrition, inventory went from 336 to 331. The table below is a summary of the data sheets attached for each of the 7 golf courses. FREE access to Real Estate information in the Naples area, you can create your own searches, and access your information 24/7 by visiting The Bear’s Listing Book.

TRIVIA QUESTION  ……………………..PRIZE $50.00 GIFT CERTIFICATE TO FLEMINGS STEAK HOUSE
A condo recently closed (last week) below $90.00/square foot. Which golf course was it on? The correct answer will be posted on this blog later this week with the winner’s name.

Bundled Golf Communities Active Listings, Naples FL

Bundled Equity Quarterly Golf Report

Ron@AskTheBear.com

Another Trivial Pursuit – Bundled Golf Courses in and around Naples FL

Tiger Woods recently lost in sudden death to Graeme McDowell a week ago Sunday. He has many sudden death wins. Question for the week. Who did Tiger last defeat to win a major title? One sleeve of  Golf balls for the first correct answer.

The inventory is growing; we reached 337 units, up 10 from the previous week.  This remains a Buyer’s Market. There are signs that we are pretty near the end of the fall, and approaching some stability perhaps in the late Spring.

Bundled Golf Communities, Naples FL Active Listings

Bundled Equity Quarterly Golf Report

Remember, if you have any questions regarding Real Estate in the Naples FL area just….Ask the Bear!

Ron@AskTheBear.com

Bundled Golf-Financially Secure Golf Course Communities in Naples Florida

There were 12 new listings, almost offset by the 11 sales for the week. A well balanced market would result if we could drop the inventory to 275 units, and anything under 240 (5%) would result in RISING PRICES. In the meantime, we have to play the cards in our hands. If everyone on this list would talk one friend or relative into buying a bundled golf course property, that alone would wipe out the inventory. Bundled Golf Communities are still the safest, most financially stable golf course investment in the Naples FL area.

Bundled Golf Active Report

Bundled Equity Quarterly Report

If I can be of any assistance with any of your real estate needs – make sure to just Ask The Bear.

Ron@AskTheBear.com

The Best of Bundled Golf Communities, Naples FL Real Estate Report

Summary of activity for Bundled Golf Communities, Naples FL for the last week. More details community by community listed below in the graph.
 
1. Inventory has increased slightly.
2. Naples Heritage and Heritage Bay have the lowest number of available inventory units
3. Sales for the week were slightly lower than previous weeks
 
My website and e-mail will be changing to www.AskTheBear.com  and Ron@AskTheBear.com. I will keep you posted on the actual date.

Bundled Equity Quarterly Report

Ron@AskTheBear.com

Bundled Golf Communities, Naples FL Weekly Update

A few observations for Bundled Golf Communities in Naples Florida:

1. Glen Eagle has been added to the list, so comparing Active listings , the comp number should be 248 (arrived at by subtracting 58 Glen Eagles from the total). That is a 22% increase in units, not an insignificant number.
2. Heritage Bay has sold over 210 units for calendar 2010 year to date.  This is significant because it puts them into a sold out position for winter 2012 which will remove a lot of downward pressure on prices.

Bundled Equity Quarterly Golf Report

Bundled Golf Communities Active Listings

Ron@AskTheBear.com

Weekly Bundled Golf Communities Property Updates, Naples FL

Glen Eagle Golf & Country Club has been added to the “menu”. This is my assistant, Liz Yezzi’s, home course.

Existing inventory increased by 11 net units, and with the addition of Glen Eagle, jumped from 226 units last week to 289.  Hopefully the election results will put an end to the slow but steady downward pressure on housing prices. DON’T FORGET TO VOTE!

Bundled Golf Communities Active’s Report

Bundled Equity Quarterly Report

Ron@AskTheBear.com

Bundled Golf in Naples FL & Laces of Love Golf Tournament at HERITAGE BAY

SAVE THE DATE -  October 30, 2010

ST. PAUL EASTERN ORTHODOX CHURCH is sponsoring a Golf Tournament to benefit Laces of Love.

• Saturday, October 30, 2010
• HERITAGE BAY
• 18 hole scramble best ball format
• Box lunch, Prime Rib Dinner, prizes and abundance of fun
• Tax deductible donation $125.00

I guarantee that you will never ever feel better about doing something like this

Laces of Love is dedicated to providing new shoes (mostly sneakers) to needy children of Collier County. 100% of their funding is used to purchase these shoes, and the rest is provided by volunteers who deliver the shoes to the 1000′s of needy children. There is no % for overhead.  For the cost of a snack at the 9th hole, you change their lives, these little guys and girls cannot fall asleep when they get their shoes. Most of them HAVE NEVER OWNED A NEW PAIR OF SHOES!! NEVER

I am having a hip replacement October 4th, so I probably will not play, but I purchased 10 entries @ $125.00 and I invite you to be my guest, just bring along 3 buddies and I have you covered. So give me a call or email me.

Bundle Golf Communities Active’s Report

Ron@AskTheBear.com

The Best Real Estate Report on Bundled Golf in Naples Florida!

How is that Hope and Change working out for you?

The sellers environment is still under some pressure, due to an increase of 11%  in available units (Bundled Golf). We did have a spurt in late Spring 2010, which actually encouraged people to purchase upgrading within the development (not just in your own community), and now they have a need to sell.  Look at it this way: a pendulum which swung way out (high prices 2004 2005) that began to correct in 2006, and here we are in 2010, and there is no doubt that it has gone too low. In many cases, properties are selling for less than their replacement BRICK AND MORTAR costs.

Attached are the detailed sheets for the individual communities. If you would like more in depth information, just send me an e mail, and we will get it to you.

Bundled Golf Active’s Report

Bundled Equity Quarterly Golf Report

Ron@AskTheBear.com

Bundled Golf Communities, Naples FL – Air Conditioning Tip

This is not TRIVIA. Some friends at Vanderbilt Country Club replaced their Air Conditioner with a great high efficiency unit about 5 or 6 months ago. This was the Mercedes of systems, we all watched as they installed a larger concrete pad to hold it!  There were some MOLD issues…………Today, another vendor analyzed the duct work ( adequate for the original systems installed by the developer) and found that it was too small a diameter for the new system…….all ductwork is being replaced as we speak, and then the residence will need be treated for MOLD. WOW! Always something to learn.

The sales report has an added twist by way of a new column “Furnished” or “Unfurnished”. This was done in response to an inquiry by one of our readers. Please note the growing inventory, we touched the low 201 or 202 about 3 months ago, before the summer of recovery.

Bundled Equity Quarterly Golf Report

Bundled Golf Communities, Naples FL Active Report

Ron@AskTheBear.com

Comprehensive Sales Report – Cedar Hammock, Forest Glen, Heritage Bay, Naples Heritage, Naples Lakes, Vanderbilt Country Club

LABOR DAY REPORT

More than 4480 PGA-staffed facilities participated in the third annual Patriot Golf Day® in 2009 raising $2.5 million. That number is expected to hit over $3.0 Million this time around. All 6 of my Bundled Golf courses ran a full complement today.

This is the first time since 2006 that Forest Glen has less than 50 properties available through the MLS. Vanderbilt Country Club is holding steady at 30 units. Prediction is that Naples Lakes still has another 5% drop in median prices to go.

Bundled Golf Communities, Naples FL Active Report

Ron@AskTheBear.com