Naples Beachfront Condo Report - Historical Prices, Number of Units Sold & Price per Foot
Below at the link is a twelve-year sales history of Gulfshore Boulevard Beachfront and Bayfront condominiums. The reports include only condominium product, on the beach, from the Beach Club north through LeParc, and from Charleston Square north through Venetian Cove on the bay. Beachfront and Bayfront properties were analyzed separately and are reflected in separate reports. Buildings in this area vary significantly in terms of size, age and amenities, so take this into consideration when looking at annual averages.
The following three reports are provided for each area:
(1) Average Sales Price by Year
(2) Average Price per Square Foot by Year
(3) Number of Closed Sales by Year
All figures are annual except for 2008, which shows performance year-to-date through the third quarter. Although the highest number of sales on both beach and bay were recorded in 2004, Average Price Per Square Foot peaked in 2006. Price Per Square Foot on the beach is down 18% from its 2006 high, while this bayfront measure is down 25% over the same period.
Available beachfront inventory on December 1, 2008 stands at 268 units. During the twelve months ending November 30, 2008, there were 157 closed sales, indicating just slightly over an 18 month supply. Buildings with the largest selection of available unitsinclude Aria, Gulfside and Lausanne, each with 12 units available; Bay Shore Place (15); and Savoy and The Terraces, with 13 available properties in each building.
On the bay, 88 units were for sale on December 1, 2008. During the previous 12 months, there were 30 closings, giving this area approximately a 2.9 year supply at the current sales rate.
Both beachfront and bayfront areas offer some attractive purchase opportunities for individuals buying for personal use and longer term holding periods.
Consult your local knowledge expert, Garren Grup for information on specific buildings in which you may have an interest.
***Trouble viewing? ...See the PDF Report
**Trouble viewing?... See the 4page PDF Report of Historical Prices, Number of Units Sold & Price per Foot
Garren Grup is a Real Estate Consultant, REALTOR®, GRI...
Noteworthy Results in Naples, Bonita Springs, Estero & Fort Myers!
View Naples Beachfront Estate Homes Here
English & European buyers can access Gulfshore Blvd. Homes in Naples at www.NaplesBeachfront.co.uk
Vanderbilt Beach, Pelican Bay, Barefoot Beach, Park Shore, Port Royal, Aqualane Shores, Old Naples.
*Use the links above to view listings in a specific area/city or create your own search Here.*
;)
;)
