SEE Today’s OPEN HOUSES
OCTOBer 31, 2010
This Week’s FeaTured LuXurY LisTing
isla vista in grey Oaks
2004 Isla Vista Ln Stunning, elegant 3800 sq ft all on one level home w/breathtaking lake & golf views. Remodeled kitchen & baths. New outdoor kit. Extensive landscape lighting. #210002687
$1,995,000 3+Den/3
Bonnie camp 239-982-8079
MarkeT reVieW - Third QuarTer 2010
Earlier this year, existing inventory in the Naples, Bonita Springs, Estero market was being absorbed and fewer new properties for sale were coming onto the market. That trend continued during the third quarter, bringing more Southwest Florida neighborhoods closer to a 12-month supply of product, which is generally considered a “balanced market.” Closed sales units for the third quarter remained strong despite a slight downturn from third quarter 2009. Properties priced below $250,000 comprised 65% of all units closed in the third quarter, and continued to be the most active segment. Closed sales above $1 million continued to strengthen posting an 8.5% increase over third quarter 2009. In fact, this price segment has now posted increases in the number of closed sales for the past four quarters indicating that recovery is underway. With regard to prices, average and median sales prices have both shown increases in the third quarter, indicative of the increased activity in the higher price ranges. Pending sales remained strong in the third quarter posting the highest number of units for any third quarter during the past 11 years. Great purchase opportunities abound thanks to real estate prices and historically low mortgage rates.
This Week’s FeaTured neighBOrhOOds PeLiCan Landing
The sTrand
kensingTOn
The dunes
Created by Westinghouse Communities of Naples, Pelican Landing encompasses over 2,400 acres, bordered by US 41, Spring Creek, and Estero Bay. It is conveniently located between Fort Myers and Naples, with easy access to either area and to Bonita Springs.
Gated, golf course community located in the highly desirable North Naples. The focal point of the community is the 27-hole championship golf course, with rolling fairways bordered by picturesque lakes and wooded preserves. A practice aqua range and putting green complete the one-of-a-kind golf experience.
Kensington features estate homes, single–family, detached villas, courtyard homes, and distinctive coach homes, all artfully arranged around the meandering Robert Trent Jones, Jr.–designed golf course. The tennis facilities with seven hydro–grid courts are an excellent amenity at Kensington, along with the elegant 30,000 square foot clubhouse.
Combines luxury condo living with five-star, resort-style amenities within walking distance to Vanderbilt Beach. It offers coach homes, high-rise condominiums, luxury high-rise towers, with gorgeous views of Turkey Bay and the Gulf. The Plantation Club features casual-elegant dining or on the veranda, with lagoon-style pool & spa, Chickee Bar, fitness center and tennis facility.
Current Price Range, Homes:
Current Price Range, Homes:
Current Price Range, Homes:
Current Price Range, Homes:
$539,000 - $1,395,000
$487,000 - $1,299,000
$485,000 - $1,295,000
$468,000 - $1,495,000
Find out more info on each Neighborhood at: www.JohnRWood.com/neighborhood