Since November 1st, 2012 there have been 33 pending sales in the markets of Port Royal, Aqualane Shores, Old Naples, and the surrounding beach front neighborhood. There is a good spread of what is selling with 16 single-family homes and 16 condominium/ villas, and 1 lot. Prices of the pending sales range from just above $100k to just below $15m. * of these sales are single-family homes in Old Naples with 2 of these sales below $1m. There are also 8 single-family homes in Port Royal and Aqualane Shores with 5 of these homes having been built prior to 1970. The majority of pending sales are in the condo/ villa market in Old Naples. There is an even spread in the price range with 5 of these units pending over $1m and 3 of them are 1 bedroom condos priced between $100k-$200k. One beach front home on Gulf Shore BLVD is also pending during the month of November.
What is remarkable is that all of this activity has transpired during a historicly slow period for real estate between Thanksgiving and the New Year. Coupled with the events of the presidential election and a heated debate of the finances of the country these are strong indications that the season is going to see amazing activity in the downtown neighborhoods.