From Port Royal to Aqualane Shores to Olde Naples and Park Shore, overall sales were up 13% in May 2011 over May 2010 for the $2m+ market. Also, the overall inventory for $2m plus market, which includes Port Royal Homes, Olde Naples homes, Aqualane Shores homes, and more, was down more than 20% from a year ago. Port Royal homes, waterfront homes, and Naples luxury real estate has been somewhat insulated from plummeting prices because so many of the transaction are cash-based, meaning fewer short sales and foreclosures, which can drag down prices. With that said, it is a buyer's market from Port Royal to Olde Naples real estate to Mediterra. For more information, contact Brad Johnson at [email protected] or 239.595.9278 anytime.
Best Regards,
Brad Johnson
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