November 13, 2011
This Week’s Featured Luxury Listing EN OP USE HO1-4
Port Royal
1120 Galleon Drive Upon entering one of the most exotic properties in Port Royal, the departure from the expected begins. Between it’s breathtaking S.W. views and expansive open floorplan, this architectural masterpiece encourages entertaining, while uniquely allowing for serene waterfront living. MLS# 211517667
$6,875,000
4+Den BR, 3.5 BA
Nick Potestio 239-404-7374
Market Report For The Third Quarter - 2011 (N aples /B onita S prings /E stero A rea )
Available inventory is at its lowest level. Third quarter 2011 posted a 24% decline over Q3 2010. When compared to third quarter 2007, the number of units offered for sale has declined by 45%. It is significant that the segment priced below $250,000 declined by 34% since the same period 2010, and now comprises 38% of total inventory – down from 43% a year ago. Average and median sales prices remain constant with the same period 2010, and at historically low levels. Average sales price is consistent with 2001 levels, providing yet another indicator that it is a great time to buy! The unprecedented market dynamics which currently exist provide astute buyers with a once-in-a-lifetime opportunity, which will probably not be repeated in the foreseeable future. This report is intended to give the reader a macro-view of the market in the combined Naples, Bonita Springs, and Estero area. Buyers or Sellers who have an interest in a particular area or property should consult their John R. Wood Real Estate Professional for specific information.
This Week’s Featured Neighborhoods Worthington
Stonebridge
Quail West
Olde Cypress
Worthington, a country club community, features more than 300 acres of shimmering lakes, lush fairways, and preserves. Located just east of Bonita Springs and adjacent to the very exclusive Quail West development, Worthington is a quiet enclave with easy access to shopping, dining, entertainment and the fabulous Gulf of Mexico beaches.
Stonebridge is a prestigious community in north Naples where ownership comes with full golf and country club membership. Carefully planned, Stonebridge offers garden condominiums, coach homes, attached and detached villas, and single-family estate homes - all within minutes to the beach.
Quail West, one of Southwest Florida’s premier neighborhoods, is already recognized in many parts of the world for its opulent country club lifestyle. Its exclusive, estate-sized homesites are situated on hundreds of naturally wooded acres, surrounded by picturesque lakes and 36 holes of championship Arthur Hills-designed golf courses.
Olde Cypress is a tranquil low-density community set among some of Naples’ most beautiful scenery. The 540-acre gated community features P.B. Dye’s first 18-hole championship golf course in Collier County with Dye’s signature undulating fairways and miniature pot bunkers.
Current Price Range, Homes:
Current Price Range, Homes:
Current Price Range, Homes:
Current Price Range, Homes:
$102,000 - $524,900
$158,000 - $785,000
$755,000 - $7,900,000
$339,900 - $1,495,000
The source of this real property information is the copyrighted and proprietary database compilation of Sunshine MLS, LLC. Copyright 2010 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.
Find out more info on each Neighborhood at: www.JohnRWood.com/neighborhood