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Naples FL Luxury Real Estate


Naples FL Luxury Real Estate truly is just that, it can be most luxurious. Naples, located on Florida’s west coast and on the Gulf of Mexico is in the sub-tropics. This makes it an ideal climate and provides outdoor sports, action, and leisure activities for all ages. Minutes to the Everglades National Park, the largest subtropical wilderness in the United States and just 120 minutes to Miami and South Beach what more can you ask for? OK, how about less than a day’s drive to Key West or a couple of hours on the high speed Key West Express.

Do you like sunsets? You noticed the beautiful sunset picture at the top of each web page right? It was taken on Naples Beach looking out on the Gulf of Mexico across famed Naples Pier.

Naples and Bonita Springs - Estero Market Watch

June 2009

Since it is now July and all the data for the first half of the year are available I thought it would be useful to deviate from the routine monthly reporting that I usually provide. We all like to look at data organized in nice neat buckets or groups and what better than a six month bucket - the first half of 2009.

Once the data is available to look back upon and report, it's human nature to ask what will the next six months bring. It would be nice to know for sure, I don't. But, I can tell you that based on the data (sales volume for the first six months) and simple projection mathematics one would guess that the Naples market is going to have a bang-up year with a 42% gain is sales and the Bonita-Estero market will post a much more conservative 8% gain is sales volume. At least, that's what the simple projection would indicate.

Closed Sales data projected through the end of 2009

Last month I indicated that the Bonita-Estero market seemed to be lagging behind the Naples area in the "recovery". I still believe that to be true and I expect that Bonita-Estero will post higher increases in sales in the second half of 2009 versus the first half leading to a year-over-year gain of more than the 8% projected. The data for June tends to support this. Naples sales volume in June dropped back from May as would be expected with the typical seasonal sales cycles. However, while the Bonita-Estero market would usually follow the seasonal cycle in June it did not. Bonita-Estero posted a slight increase in sales from May 2009 to June 2009.

As far as prices are concerned, I have previously reported "the bottom" and it seems to hold true again in June 2009. For Naples, the average price for single family homes sold has remained effectively unchanged over the past six consecutive months within plus or minus 5%-6%. The average sales price in Bonita-Estero is the same also over the same six month period however the range plus or minus each month is much larger. This is due to the fact that the overall sales volume each month is greater by about a factor of four.

Download the charts.

 

 

Speaking of beaches, all within close proximity are the beaches of Marco Island, Naples Beach, Vanderbilt Beach, Barefoot Foot, and, of course, well know Fort Myers Beach.

And for major league sports, southwest Florida is home to the Minnesota Twins and World Champion Boston Red Sox winter training and the Florida Marlins in Miami. The Tampa Buccaneers and the Miami Dolphins provide the NFL action all within driving distance.

Arts, entertainment, and shopping are no secret in Naples either. The area also is home to three premiere hotels including the Ritz Carlton, upscale shopping areas and dining including the famed Waterside Shops, and 570 acres of conservation area with 40 acres of parks and nature trails in Pelican Bay. In Naples is Venetian Bay Naples' famed 5th Avenue and 3rd Street in Olde Naples. 5th Avenue and 3rd Street are home to wonderful restaurants, shops, art galleries, and The Sugden Community Theater. Last but not least, on Pelican Bay Blvd in Naples is the Philharmonic Center for the Arts - enjoy classical music, jazz, "Pops", chamber music, musical theater, and more.

High-rise luxury condos on the Gulf of Mexico and condominiums, villas, and single family homes on Venetian, Pelican Bay, and any one of the top Golf Communities are the height of luxury. These luxury locations don’t mean out-of-price range. There are properties in each of these locations that will meet everyone’s budget. Luxury properties are priced from over $1MM to many multiples of that. However, seasonal and full time residences are available from just over $100,000.

Please feel free to call me anytime if you would like some information or if you simply have a question.

Bob Pisa, REALTOR®, e-PRO®
Prestige Properties of South Florida, Inc. 4947 Tamiami Trail N, STE 106, Naples FL 34103

Email | 239.898.6865 (mobile) | 888.678.2500 ext 32


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June 2009 Naples Area Real Estate Market Data



May 2009 Naples Real Estate Market Data



April 2009 Naples Real Estate Market Data



March 2009 Naples Real Estate Market Data



February 2009 Naples, FL Real Estate Market Trends



January 2009 Naples Real Estate Market Data



December 2008 Naples Area Real Estate Market Data



November 2008 Naples Area Real Estate Market Data



October 2008 Naples Area Real Estate Market Data



September 2008 Naples Area Real Estate Market Data



August 2008 Naples Area Real Estate Market Data






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Bob Pisa - Naples FL Luxury Real Estate
Bob Pisa
REALTOR®, e-PRO®

239-898-6865
Toll-Free:
888-678-2500 X32
mention BobPisa.com!
EMail Bob

 
 

Prestige Properties of South Florida Inc

Bob Pisa
REALTOR®, e-PRO®
239-898-6865

4947 Tamiami Trail North, Suite 106
Naples, Florida 34102

 
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