Coquina Sands Naples Florida
has experienced tremendous success with 58 pending sales and closed contracts for the last 12 months leaving less than 5 months supply of inventory. Find out what that means for the rest of you who are thinking about buying or selling in Coquina Sands
this up coming season.
Let's look at the Coquina Sands
real estate market at a glance:
8 Coquina Sands homes are on the market right now.
Coquina Sands Homes
There are 28 sales (and homes under contract) during the past 12 months. That's only 3.43 months of inventory. Of those 8 there are two Naples Casamore homes currently available while 3 of those are currently under contract and two have closed during the past 12 months. Nearly all of the tear down product in Coquina Sands
has closed which pushes the lowest priced home available from the $300's to the $500's currently. The bottom of the Coquina Sands
market has clearly come and gone.
If you're thinking about purchasing a Coquina Sands home:
Time is not your friend. I encourage you to check out the market as soon as possible, identify something you can be happy with and pull the trigger ASAP
. Be prepared for tightened negotiations even though the past 12 months is showing a 90% list to sales price ratio. It is best if you're paying cash and contingencies at this time will probably be frowned upon if not completely refused. If you have been looking but haven't found what you like, you might try these strategies-
- Have your agent check MLS several times a day to see what is hitting the market and be prepared to respond as soon as a new Coquina Sands home go live. This scenario may mean even if you're fast you might compete which does not necessarily put you in the best negotiating position but at least you have a shot at what you like. It is imperative to work with a quick response agent. If your agent is used to rolling into the office at 10, taking a 2 hour lunch and scooting out at 4 for happy hour, you may miss more than a few before you reach your goal.
- Have your agent scout for the perfect property by contacting owners who are not presently on the market in hopes to bypass competition. This route doesn't always put you in a best negotiation situation either because typically if the seller has not been motivated enough to go on the market, you will likely pay a higher price. Regardless this option might be what it takes for you to get a shot at something you really like.
If you are a seller who wants to sell your Coquina Sands home: Congratulations! You made it through the downturn! Pricing has clearly started to rise but you want to be conscionable about your price even still. I am starting to see evidence of some crazy pricing which is customary when a market starts heating up. We are not at that point of the market just yet. It is wise to list your home with an experienced Naples Realtor. I am seeing new agents with listings in Naples luxury locations who do not understand the market and are making serious mistakes which will likely lead to longer market times and lower sales prices for those sellers. It happens. We have excellent data to help you with your pricing and experienced Naples Realtors like myself have an arsenal of skills and techniques to help you sell your property quickly and for the best price.
Many of our customers are looking to sell and purchase something else in Naples so you want to do this as quickly as possible before the inventory you're interested in either disappears or takes a big price hike.
Coquina Sands high-rise product is the only product in Coquina Sands that has not fully recovered but the numbers are close. There have been 3 Coquina Sands high rise sales during the past 12 months and 4 are currently on the market. Buyers have talking points here for negotiations! Contact me direct for details.
For mid-rise and low-rise Coquina Sands condos, there's just over 4 months supply of condo inventory here so please review the advice I gave Coquina Sands home buyers and sellers. It is the same with one exception. While I fully believe pricing will take a jump within the next few months or so, there are still some great buys here. The fact that you can still buy a Coquina Sands condo for under $200,000 is a gift. I fully suspect the five units under $500,000 to disappear fairly fast here.
Here's why ~ There's 22 Coquina Sands condos priced under $500,000 that have sold or are currently under contract and there's only 5 left (2.73 months of inventory) I would call this an endangered species at this point. If your desire is to purchase a Coquina Sands condo under $500,000 this year, please take my cue....on your mark, get set, go!
That reminds me of a joke my Dad told me once:
A guy goes to the Dr. and says, "Doc, I just don't feel great". So the Dr. runs all these tests and comes back and says, "I don't have good news...you've only got 10". The guy says, "10 what? Years...months"? The Dr. says, "9....8...7".
The moral of that joke my friends is if you want to pay a good price in Coquina Sands you no longer have years to make your Coquina Sands selections and check out. You no longer have months and months. The time is now.
For more information regarding Coquina Sands Naples Florida market or any other Naples Real Estate, contact me direct.
Shannon Lefevre, PA
Your Naples Smart Girl!