Aqualane Shores had gone through somewhat of a lull through the season with some high-end sales but nowhere near the volume sellers had expected. This was due to overzealous pricing going into the season and resulted in a series of price reductions which only caused the market to become nervous.
The comparative waterfront market of Moorings/Park Shore/ Coquina Sands has gone through a drought of available inventory on the water resulting in the least expensive property priced at $3.4m (not indicative of the true bottom compared to Aqualane). Aqualane has also lost ground in pricing to new homes and lot sales within the first few blocks to the beach.
This summer will be a good time to get into the Aqualane Shores market if you look at the gap between its comparative neighborhoods. Also, considering that Aqualane is still below the lot value achieved in 2006-2007, where other like-kind markets have surpassed the previous highs set during that time.
For more information on this neighborhood or Naples in general please contact Adam Carriero at 239-641-3876 or firstname.lastname@example.org.
Please contact Adam Carriero at email@example.com or 239.641.3876. I am available for consultation on the Naples, Florida market.