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.
If you would like more information on the market please contact me at [email protected] or 239-641-3876.
Please contact Adam Carriero at [email protected] or 239.641.3876. I am available for consultation on the Naples, Florida, market.