Gulf Coast International Properties is now discussing 1st quarter 2016 results for Port Royal, Aqualane Shores and Olde Naples. Given the record sales of 2015 and impressive trajectory over the last 3-4 years, it was inevitable we would see a slow down in number of sales and average sale price. Port Royal, Aqualane Shores and Olde Naples, Naples' finest waterfront communities, were down by double digits in total sales, total sales $ and average sale price (except for Port Royal). Olde Naples single family home sales for the 1st quarter were down 11% to $3m while Aqualane Shores were down 22% to $3m. Port Royal, due to two sales on Fort Charles Drive and one on Rum Row, actually saw average sale price rise to almost $7m, up 12%. Otherwise, we have seen a softening across markets, which means more opportunities for buyers while sellers are still seeing good activity. We anticipate April for Naples luxury home sales to rise given historical trends for end of season sales, still favorable financing, and sellers looking to sell before traffic returns north in May/ June.