Metas
Bundled Naples Golf Course Communities Market Values
Today’s Naples real estate market is more complex than it has been in previous years. The complexity comes about in determining whether a neighborhood is holding, increasing, or decreasing in value.
The complexity seen affects both buyers and sellers of real estate as to list price as well as identification of similar neighborhoods that offer the best opportunity for a purchase.
Recently, an analysis was conducted for a prospective buyer looking to purchase a 2 bedroom, 2 bathroom condominium in a bundled golf course community.
In order to gain a perspective, the most recent six months (February 2007 to August 2007) and the previous six months (August 2006 to February 2007).
Presented below are the findings from the study:
|
Neighborhood |
Prev. 6 mos. |
Current 6 mos. |
% Change |
|
High Point |
$237.5 |
$260.0 |
+9.47% |
|
$250.0 |
$272.0 |
+8.80% |
|
|
Glen Eagle |
$219.0 |
$237.5 |
+8.45% |
|
Naples Heritage |
$275.0 |
$279.0 |
+1.45% |
|
$220.0 |
$215.0 |
-2.27% |
|
|
The Glades |
$250.0 |
$222.5 |
-11.00% |
|
Foxfire |
$263.0 |
$230.0 |
-12.55% |
|
$279.5 |
$240.0 |
-14.13% |
|
|
$385.0 |
$309.3 |
-19.68% |
|
|
$265.0 |
$210.0 |
-20.75% |
As one can see selecting the "right" neighborhood for your purchase is very important. As a seller of real estate you need to know how the real estate market for your neighborhood is being affected by today’s economy and adjust your list price, if necessary.
Comments
Got something to say?