The 2014 Aqualane Shores Annual Market Report is Now Available

01/30/15

 
The 2014 Aqualane Shores Annual Market Report is now available. The print format of this report will be available in our offices next week. Please contact me if you would like a more comprehensive market analysis of the current market value of your home in Naples.
 

Aqualane Shores - By the Numbers - Yesterday and Today

  • $298 Million Total MLS Closed Sales in Aqualane Shores from 2005-2009
  • $342 Million Total MLS Closed Sales in Aqualane Shores from 2010-2014
  • 15% Increase in Total Sales from 2005-2009 to 2010-2014
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  • $31 Million Total MLS Closed Sales in Aqualane Shores in 2009
  • $101 Million Total MLS Closed Sales in Aqualane Shores in 2014
  • 224% 5 Year Increase in MLS Closed Sales in Aqualane Shores from 2009 to 2014
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  • 12 Total MLS Closed Sales in Aqualane Shores in 2009
  • 27 Total MLS Closed Sales In Aqualane Shores in 2014
  • 125% 5 Year Increase in Total MLS Closed Sales in Aqualane Shores from 2009 to 2014
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  • 324 Average Days on Market for Sold Aqualane Shores Properties in 2009
  • 143 Average Days on Market for Sold Aqualane Shores Properties in 2014
  • (54%) Decrease in Days on Market for Sold Aqualane Shores Properties from 2009 to 2014
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  • $2.6 Million Average Closed Sale Price for an Aqualane Shores Property in 2009
  • $3.75 Million Average Closed Sale Price for an Aqualane Shores Property in 2014
  • 44% Change in Average Closed Sale Price for Property in Aqualane Shores from 2009 to 2014


Aqualane Shores Highlights~

  • $33,500,000 = Record Sales Price for a Beachfront Property in Aqualane Shores
  • 50% Increase in the MLS Average Closed Sales Price from 2013 to 2014
  • 11 Month Supply of Properties for Sale (25 Homes & Lots)
  • 11% Decrease in the Days on the Market for Sale from 2013 to 2014
  • 112% Increase in MLS CLosed Sales from 2013 to 2014

2014 for Aqualane Shores residential single-family real estate witnessed multiple records broken and is widely regarded by many as the ‘best of all time’. First off was the largest Aqualane Shores sale of all time as 1680 Gulf Shore Blvd. S. on the beach closed for $33.5m (a GCIP sale). Second, the average closed sale price of $3.75m was the highest of all time and 50% higher than 2013 of $2.5m. The total sales by dollars was also highest ever recorded, with over $104m in 2014. All of these figures would suggest a market reaching a peak or starting to ‘bubble,’ a convenient and over-simplistic narrative that would be referencing the recent 2008-2011 recession. This would be both a premature and potentially ‘expensive’ argument in the eyes of Gulf Coast International Properties. A deeper dive would show that the price per sq. ft. sale price in 2014 was $861, a mere 4% higher than 2013 ($828 a foot) and 2.4% above 2012. While our firm recognizes that we reached the highest all time total sales dollars and average sale price, current factors such as reduced property inventory and new construction availability (many new homes coming to market in 2015) should slow down the sales velocity yet potentially push the average sale price even higher. If you couple the new home inventory coming to market with larger macro-factors, such as strong equity markets, historically favorable financing and strengthening general economy, 2015 could beat 2014 marks and push into 2016.

If you or someone you know would like to be added to our Aqualane Shores Annual Report Mailing List, please send your contact information to Trey@GCIPNaples.com or (239) 595-4444.
 
 
 

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