for Naples, Bonita, Estero Market Areas
Listed, Pended, Closed Year to date January 2012
Listed, Pended, Closed Month of January 2012
Breakdown by Price Category Year to date January 2012 (This chart shows the percentage of the market represented by each price segment.)
Closed SALES
PENDED SALES
NEW LISTINGS
“The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2012 Sunshine MLS, LLC. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.”
Recently remodeled, from the top down, this pearl of a condominium boasts fine marble flooring, new windows and doors, crown molding throughout, plantation shutters and many other custom features. All of which are enhanced by the stunning sun rises over Venetian Bay and the sparkling night views of Naples.
The kitchen has been opened to create a small bar perfect for entertaining and capturing the picturesque views. Granite counter tops, high quality cabinetry and top of the line appliances makes this an inviting and dazzling space.
From large picture windows, both bedrooms offer exquisite views of the bay. The large walk-in closets have been customized with California Closets to fully optimize the space. In keeping with the overall craftsmanship, both bathrooms boast raised, granite counter tops and tile with a unique Abalone sheen which gives rise to a range of changeable colors.
The Madrid Club is one of the most beautiful buildings on the bay with a magnificent pool and patio area facing the bay and an additional area for grilling. Each unit has one under building parking space, an ample storage facility and dock availability. The Madrid Club also offers an updated, bayside social room, a library and a workout room. Enjoy this tranquil waterfront living on Venetian Bay!
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My husband and I were looking for a Realtor to list our bay front home in Naples. We found Dustin through his impressive Internet presence. When we met with him we were impressed by his professionalism and attention to detail. Not to mention his marketing plan and team helped us prepare our home and sell it. Thank you Dustin for your help. We have already recommended you to our friends – Cris
ANNUAL NUMBER OF CLOSED SALES
The number of closed sales on the beach increased 21% over 2010, the fourth consecutive year of increases. Bayfront sales were up 66%, with 78 closings vs. 47 in 2010.
Beachfront buildings with the highest number of sales were Lausanne and Vistas with ten each, followed by Esplanade and The Terraces with nine sales in each building. Beacon House and Harbour Cove were the most active bayfront buildings with six closed sales in each building, followed by Madrid Club and Executive Club each of which recorded five sales.
ANNUAL AVERAGE SALES PRICE – CLOSED SALES
Average sales price on the beach increased 4.7% over 2010. This is the first upward movement since prices began adjusting in 2007 and is reflective of activity in buildings with an average sales price above $1,500,000.
Bayfront prices rose 6% over prior year, with two sales in Charleston Square and one in Bella Baia impacting the average. This is the first increase for this segment in five years.
ANNUAL AVERAGE PRICE PER SQUARE FOOT – CLOSED SALES
The average price per square foot for properties on the beach and bay remained approximately the same as 2010 with less than a 3% change on the gulf and under 2% on the bayfront. This mirrors the stabilization of prices in most buildings.
It is important to recognize that buildings on the beach and bay vary significantly in age, condition and amenities and averages provide only a broad view of market trends. The actual prices paid per square foot in 2011 range from $170 – $477 in bayfront units and from $234 too over $700 on the Gulf.
SUMMARY
On January 2, 2012, 207 units were available on the beach and 69 on the bay. This represents a 19% decrease in beachfront inventory and a 13% reduction of supply on the bay during the past twelve months. Supplies are significantly reduced in many buildings and some such as Lausanne and Park Plaza are at less than 50% of their January 2011 levels.
Prices increased slightly on Gulf Shore Boulevard in 2011, reversing the downward trend of the past few years. John R. Wood Realtors will continue to monitor prices and supply in individual buildings over the coming months in order to provide buyers and sellers with the most timely market information on emerging trends.
Current prices remain well below the 2005 and 2006 highs, representing great value in this segment. Availability will be a growing issue, particularly since second quarter is historically the highest closing period for properties in this popular neighborhood.
ARE YOU THINKING OF SELLING YOUR HOME OR DO YOU KNOW SOMEONE WHO IS? CALL AN EXPERT, CALL DUSTIN AND HIS TEAM (239)289-2650.
“The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2011 Sunshine MLS, LLC. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.”
Closed Sales
Closed sales units in 2011 increased 5% over 2010, and are up 104% from their 2007 low. Closed sales above $1,000,000 are up 12% with 706 closings in 2011 vs. 630 in 2010. Average sales price has increased 7% since 2009 while median price has remained stable.
Pended Sales
Pended sales in December were approximately the same as December 2010 with less than a 4% difference. Pended sales above $1,000,000 were up 7% for the year. Properties priced below $500,000 showed a 5% decline in pended sales over prior year.
New Listings
The number of new listings placed on the market in 2011 is down 13% from 2010. New listings for the month of December are the lowest for the month since 2004. Available inventory on January 1, 2012 in the combined Naples, Bonita Springs, and Estero markets stand at 7,896 units (4,264 condominiums and 3,632 single family homes). This represents a 23% decrease from January 1, 2011.
If you’re dreaming of Parisian strolls along the Champs-Elysees or meandering through the canals in Venice via a gondola, now is the time to head to Europe if you want good deals. The off season in Europe is from January to early April and you can get great deals during this time. Here’s the scoop on how you can save big on your getaways this season.
Take a “repositioning cruise.” When cruise ships relocate to a new region, they often offer special fares for travelers. The reasoning is simple: Better to fill up the ship with paying passengers, than to travel all that way with an empty vessel. These so-called “repositioning cruises” are an inexpensive way to get to a number of locations. Usually, these cruises offer the same amenities as any other cruise but they may not stop at as many ports.
Check the lesser-known sites. Packaging your airfare and hotels together can save you a lot. Visit the site Go-Today.com to find the best package deals. The pricing structure is clear and you can choose to upgrade the hotel if you want. In addition, Europe has a number of low-cost airlines such as RyanAir to travel between countries. Be sure to check the city’s tourism site to find deals and information on dates when museum admission or events are free.
Take advantage of “bounce-back offers.” Here’s how these work: Visit a variety of online airline and hotel booking sites and start the process of booking a flight or hotel. Complete the required booking information (to the point you have entered your travel dates and locations, email address and created a login), and make sure you opt-in to receiving communications from the company. Log off before you actually enter any payment information. Note that bounce-back offers don’t happen all the time and you may have to wait a few days to get them. Still, they’re certainly worth a shot as you can get deals on airfares, hotels and travel packages, sometimes at half the price.
Be picky about the credit card you take with you. The best credit card for purchases in the U.S. isn’t necessarily the best card when you are overseas. Most credit cards charge you between 1% and 3% of the total cost of the transaction every delete “single” time you swipe the card, which can really add up. Before you head overseas, call your credit card company and ask about its foreign transaction fees. Both Capital One Venture Rewards and Chase Sapphire Preferred waive foreign transaction fees.
For more travel tips, check out MintLife’s list of the best apps for domestic and international travel.
CLOSED SALES
The number of closed sales in 2011 increased 5% over 2010, making it the fourth consecutive year to show an increase and confirming that the market recovery is well underway. Properties priced below $250,000 comprised 62% of the total market, a percentage that has remained consistent since 2009. Properties priced above $1,000,000 reached its highest level since 2007, with 706 closings, up 42% from the 2009 low with 498 closed sales.
INVENTORY LEVELS AND NEW LISTINGS
The inventory of available properties dropped 23% during the past twelve months and is at its lowest level in the last five years. On January 1, 2011, there were 10,265 properties for sale in the Naples, Bonita Springs, Estero market. On January 1, 2012, that number stands at 7,896. The largest declines in condominiums occurred in the price range below $250,000, which declined by 571 units and the segment between $2 and $5 million, where availability decreased by 38% or 53 units. The biggest declines in single family homes occurred in the price category below $250,000, where the supply dropped by 814 units and those priced between $500,000 and $750,000 which stands at 117 fewer available units than a year ago.
The number of new listings placed in inventory declined for the fifth consecutive year. Short sales and foreclosures also continued to drop as a percentage of total inventory, down from 19% in January 2011 to 12% a year later.
PENDED SALES
Pended sales remained approximately consistent with 2010, showing less than a 3% difference, and making it the third highest year on record. Properties priced between $2 million and $5 million continued at a brisk pace, increasing 8% over 2010.
The ratio of pended sales to new listings was one sale for every 1.3 new listings, an improvement over year end 2010 and the continuation of a three year trend.
It is important to note that not all pended sales close. However, this benchmark along with listing inventory have proven to be the best leading indicator of market direction.
SUMMARY
Real estate sales activity continued to improve throughout 2011. Despite continuing economic challenges, all price ranges recorded increases over the prior year and the market above $1,000,000 continued the rebound which started in 2010. The robust activity has resulted in diminished inventory in all price ranges, and a market with approximately nine months of existing supply.
Foreclosures and short sales decreased as a percentage of overall market, and most of the remaining product in this segment involves properties priced below $250,000.
For specific analysis of your community or building contact Dustin.
This exceptional waterfront home with Gulf access features an expansive lanai, great for entertaining, with a heated pool and spa that add to the relaxing mood. With surrounding speakers, it is easy to see yourself listening to your favorite music as you lounge on the sundeck or sip your favorite drink in the shade.
The interior of this 5 star home is finished in neutral tones with crown molding and high quality carpet, tile and wood flooring throughout. Each of the four bathrooms and the kitchen offer gorgeous granite or marble counter tops and custom cabinetry and trim. Window treatments include plantation shutters or unique cornice blinds.
The upstairs is highlighted by two spacious bedrooms, separated by a double sink bathroom. This unique space can be configured as a total guest suite with one of the bedrooms being used as a sitting room/den for your guests.
The main floor offers three more bedrooms (or an office area) and three more bathrooms including the stunning master suite with sliders opening to the lanai that overlooks the beautiful pool and serene canal. His and her walk-in closets and an additional large shelved closet offer plenty of storage space. The exquisite master bath has a separate toilet/bidet room, a large tub, spacious shower and separate his and her sink areas.
The well-planned layout of the main floor also includes a warm, inviting and luxurious living room with a dry bar and sliders opening to the lanai, a dining room, a kitchen with a morning room and a family room. The family room also has sliders opening to the lanai and an entire wall of windows overlooking the water. The kitchen boasts top of the line built-in appliances and bar eating space.
A boat dock, with ample room for a table and chairs, offers a 10,000 pound lift and plenty of room to walk around your vessel. From the dock, the tranquil waters of the Gulf are only 10 minutes away.
The Conners neighborhood in Vanderbilt Beach personifies luxurious living. Its ideal location is within walking or biking distance to the beach and a short drive to any number of renowned restaurants and shopping areas. Most notably is Mercato, which offers many high-end retailers and almost a dozen restaurants.
| Price | $1,495,000 |
|---|---|
| Beds | 5 |
| Baths | 4 full |
| Home size | 3,787 sq ft |
| Lot Size | n/a |
| Days on Market | 121 |
H.6304 - This exceptional waterfront home with Gulf access features an expansive lanai, great for entertaining, with a heated pool and spa that add to the relaxing mood. With surrounding speakers, it is easy to see yourself listening to your favorite music as you lounge on the sundeck or sip your favorite drink in the shade. The interior of this 5 star home is finished in neutral tones with crown molding and high quality carpet, tile and wood flooring throughout. A boat dock, with ample room to walk around your vessel. From the dock, the tranquil waters of the Gulf are only 10 minutes away. The Conners neighborhood in Vanderbilt Beach personifies luxurious living. Its ideal location is within walking distance to the beach and a short drive to any number of renowned restaurants and shopping areas.
Property Type(s): Single Family
| Last Updated | 5/16/2012 | Tract | Connors |
|---|---|---|---|
| Year Built | 2001 | Community | Vanderbilt Beach |
| Garage Spaces | 2.0 | County | Collier |
| Total Parking | 2 | Walk Score ® |
22
|
| Prior to May 16, '12 | $1,595,000 |
|---|---|
| May 16, '12 - Today | $1,495,000 |
| Acres | .22 | Lot Dimensions | 80x122x80x122 |
|---|---|---|---|
| Bedrooms | 5 | Baths Total | 4 |
| Baths Full | 4 | Baths Half | 0 |
| Hoa Fees | 0 | Tax Year | 2011 |
| Master Bed | 18x14 | Bed2 | 10x16 |
| Bed3 | 12x24 | Bed4 | 11x12 |
| Bed5 | 12x111 | Kitchen | 15x15 |
| Dining | 19x19 | Family | 15x28 |
| Living | 19x14 |
| Community | Community boat facilities |
|---|---|
| Construction | Concrete block stucco, Frame and stucco exterior |
| County | Collier |
| Exterior | Deck, Patio |
| Fencing | Fenced |
| Flooring | Carpet, Hardwood floors, Tile flooring |
| Heat/Cool | Central air conditioning, Central heat |
| Inclusions | Clothes dryer, Clothes washer, Cooktop range, Dishwasher, Disposal, Ice maker line, Microwave oven |
| Interior | Dry bar, Pantry, Security features, Tub and separate shower, Vaulted ceilings, Walk-in closet(s) |
| Laundry | Laundry room/area, Laundry sink |
| Location | Northern exposure |
| Lot | Trees |
| Parking | 2 car garage, Attached parking, Automatic garage door, Circular driveway, Paved driveway |
| Prop Type Description | Single Family |
| Property Type Code | Single Family |
| Recreation | Boat dockage, Boat facilities, Heated pool, Spa, swimming pool |
| Roof | Tile roof |
| Rooms | Den, Family room, Formal dining room, Foyer, Great room, Master bedroom on main floor |
| Scenery | Bay or ocean frontage, Bay view, Canal view, Canal waterfront property, Gulf access, Waterfront property |
| Status Code | Active |
| Stories | Multi-story |
| Utilities | Public sewer service, Public water supply, TV cable available |
| Win/Doors | Picture window, Sliding glass door(s) |
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Listed with John R. Wood REALTORS
for Naples, Bonita, Estero Market Areas
Listed, Pended, Closed Year to date December 2011
Listed, Pended, Closed Month of December 2011
Breakdown by Price Category Year to date December 2011 (This chart shows the percentage of the market represented by each price segment.)
CLOSED SALES
PENDED SALES
NEW LISTINGS
“The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2011 Sunshine MLS, LLC. All rights reserved.
The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.”
Monthly Active/Closed Snapshot
12 Month Sold Comparison Report for Select Communities
Information contained in this report is current as of December 1, 2011.
“The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2011 Sunshine MLS, LLC. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.”
This IDX solution is (c) Diverse Solutions 2012.
$1,495,000 -
267 Conners
Naples
$479,000 -
4001 N Gulf Shore, Unit 1102
Naples
$839,000 -
4751 N Gulf Shore, Unit 1801
Naples