Hello Naples Friends,
The John R. Wood neighborhood snapshot report was just released this week. I'll report on the locations where I work and follow most:
Naples neighborhoods with a shortage of supply at this time:
30 Aqualane Shores homes sold during the past year. 19 are currently on the market = 7.6 months of inventory
2 Bay Colony homes on the market with 3 sold during the past year = 8 months of inventory
42 Bay Colony condos sold during the past 12 months with 27 remaining = 7.71 months of inventory
59 Grey Oaks homes sold during the past year. 36 are currently on the market = 7.33 months of inventory.
16 Grey Oaks condos sold during the past year. 3 are currently on the market = 2.25 months of inventory.
26 Mediterra condos sold during the past year. 17 are currently on the market = 7.87 months of inventory.
84 Olde Naples homes sold during the past year. 61 are currently on the market = 8.71 months of inventory.
141 Olde Naples condos sold during the past year. 71 are currently on the market = 6.04 months of inventory.
Park Shore / Moorings / Naples Cay / Coquina Sands Waterfront:
354 Park Shore/Moorings/Seagate/Coquina Sands Waterfront condos sold during the past year. 151 are on the market. = 5.11 months of inventory.
Park Shore / Moorings /Naples Cay / Coquina Sands Non-Waterfront:
118 Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront homes sold during the past year. 60 are on the market. = 6.1 months of inventory.
107 Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront condos sold during the past year. 61 are on the market. = 6.84 months of inventory.
47 Pelican Bay homes sold during the past year. 20 are currently on the market = 5.11 months of inventory.
289 Pelican Bay condos sold during the past year. 95 are currently on the market = 3.95 months of inventory.
56 Pelican Marsh homes sold during the past year. 24 are currently on the market = 5.15 months of inventory.
70 Pelican Marsh condos sold during the past year. 25 are currently on the market = 4.28 months of inventory.
35 Pine Ridge homes sold during the past year. 23 are currently on the market = 7.9 months of inventory.
14 Pine Ridge condos sold during the past year. 2 are currently on the market = 1.78 months of inventory.
39 Quail West homes sold during the past year. 29 are currently on the market = 8.92 months of inventory.
37 Royal Harbor homes sold during the past year. 21 are currently on the market = 6.81 months of inventory.
31 Tiburon condos sold during the past year. 20 are currently on the market = 7.75 months of inventory.
40 Port Royal homes sold during the past year. 41 are on the market = stable
Park Shore/Moorings/Seagate/Coquina Sands Waterfront:
13 Park Shore/Moorings/Seagate/Coquina Sands Waterfront homes sold during the past year. 13 are currently on the market = stable
Areas of opportunity for buyers to still get a deal if you are a buyer:
10 Collier's Reserve homes sold during the past year. 15 are currently on the market. There is at least one deal of the universe I know of in here. Call me for details. = 18 months of inventory.
44 Mediterra homes sold during the past year. 48 are currently on the market. Pricing has gone up here but there's still some terrific inventory. = 13 months of inventory.
5 Tiburon homes have sold during the past year. 18 are currently on the market...wow! 43 months of inventory...not a typo.
You can expect to see more inventory hitting the market every day between now and say Thanksgiving it will lighten a bit and the increase again after the holiday.
If you're considering a Naples purchase: Call me or email me asap. Let's get your strategy together as there is no time to waste. Many of you have already scheduled your time on my calendar. Please award me the opportunity of assisting you by making arrangements in advance. I'm SO looking forward to helping you get your best deal!
If you're considering selling your Naples property: Call me or email asap. We will want your marketing in place for the season in order to get you your target price and give you the highest potential of an acceptable contract! I'm excited to get the ball rolling!
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