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I was speaking with Kristal Kraft earlier this evening about Absorption Rate and discount brokerage -- but that is another BLOG. Earlier this month she wrote a great BLOG How to calculate Absorption Rate. Most of the Naples/Marco Island Market looks not so great - especially when you see 280 weeks to absorb the current inventory. But dig down and there are some areas that are doing better than others.
Lets take for example Naples overall -- the absorption Rate is 160 weeks. Ouch! But now let's look at another smaller subset of the Naples Market - Golden Gate City 65.31 weeks, better but that is still a year! Golden Gate City stats look like this:
There are 173 active listings in this area ranging from $215,000 to $499,900.
In the past month there were 14 closed sales ranging closed from $257,294 to $362,000.
There are 38 Pending listings in Golden Gate City
Since January 1 there have been 170 closed sales ranging from 215-499,99 in all of Golden Gate City.
Drill further down and look at a specific section Golden Gate Unit 6 the absorption rate is 28.17 weeks. This is good news for my new listing in this area of Golden Gate City!
There are 12 Active Listings ranging $244,900 to $395,000
There is 1 Pending with a list price of $325,000
Since January 1 there have been 22 closed sales ranging from $257,294 to $389,900
With the weather getting colder up North, the snow birds are on their way and we are looking forward to a terrific season! Remember to check out my BLOG about Collier County Projected growth (Golden Gate City is centered in that projected growth!)and remember prices will not remain this low for long! Now is the time to purchase your piece of paradise! Need a reason to convince your mate to move? Check out my Reasons to Move to Florida BLOG!
If you are interested in more information on this community or any other Southwest Florida community, please email me at firstname.lastname@example.org or call me at (239) 821-3063. To see additional Statistical Information please visit my website at http://www.paradisereport.com/ and click on Activity Reports on the left side.
All statistical information is gathered from the Sunshine MLS LLC.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.