The luxury condo market in Naples is soaring, according to the January 2014 market report by NABOR (Naples Area Board of Realtors)! In the past 12 months, ending January 2014, condo sales are up 70% in closed sales in the $2+ million category, and up 40% in the $1 million - $2 million category. Likewise, inventory is down in the luxury condo market. Again, in the past 12 months ending January 2014, condo inventory is down 29% in the $2+ million category, and down 17% in the $1 million - $2 million category. Condos in general are selling at a greater rate than single family homes. Within this past year, there was a 21% decrease in inventory in the entire condo market, versus a 9% decrease in inventory in the single family homes market.
One of my favorite areas for condos is in the Park Shore and Moorings communities, where the majority of the luxury condos line Gulf Shore Boulevard North along the beach and bay. Here, you will always find friendly neighbors out and about, riding their bikes, walking, kayaking, dining in one of the many restaurants in Venetian Villages, and more. It is a warm, inviting area.
There are currently 245 active condo listings in Park Shore and Moorings. These range from $67,500 for a 250 sq ft studio to $14,400,000 for a 12,050 sq ft penthouse. The average for active listings in Park Shore and Moorings is $1,110,536 for 2,034 sq ft.
There are also 77 condo listings Pending or Pending with Contingency within the last 4 months in Park Shore and Moorings. The average for Pending is $701,878 for 1,583 sq ft, while the average for Pending with Contingency is $1,032,624 for 2,043 sq ft.
There were 102 closed condo sales in Park Shore and Moorings within the past 4 months. These ranged from $40,000 for a 250 sq ft room to $4,395,000 for a 4,773 sq ft high-rise residence. The average was $781,209 for 1,695 sq ft.
The views, location, lifestyle, and neighbors are all amazing in the Park Shore and Moorings condos. Give me a call today to find your ideal home there! Tricia @ 239-961-1801