Hello Naples Friends! I've noticed a little uptick on Naples luxury real estate foreclosure and short sale interest and to be honest I'm not sure why since we clearly saw the bottom of our market in 2010 but I've compiled a list of all the short sales and foreclosures available in the Naples neighborhoods I cover...

Here are all of the Naples luxury foreclosures and short sales currently available in Naples Florida's most luxurious locations:

Aqualane Shores:
Foreclosures: 0
Short Sales: 0

Audubon Naples:
Foreclosures: 0
Short Sales: 0

Bay Colony Naples:
Foreclosures: 0
Short Sales: 0

Collier's Reserve:
Foreclosures: 0
Short Sales: 0

Coquina Sands:
Foreclosures: 0
Short Sales: 1

Grey Oaks:
Foreclosures: 1
Short Sales: 1

Mediterra:
Foreclosures: 0
Short Sales: 2

Moorings:
Foreclosures: 0
Short Sales: 0

Naples Cay:
Foreclosures: 1
Short Sales: 0

Olde Naples:
Foreclosures: 1
Short Sales: 1

Park Shore:
Foreclosures: 0
Short Sales: 1

Pelican Bay:
Foreclosures: 0
Short Sales: 0

Pelican Marsh:
Foreclosures: 0
Short Sales: 2

Pine Ridge:
Foreclosures: 0
Short Sales: 0

Port Royal:
Foreclosures: 0
Short Sales: 0

Quail West:
Foreclosures: 3
Short Sales: 0

Royal Harbor:
Foreclosures: 3
Short Sales: 1

Tiburon:
Foreclosures: 0
Short Sales: 0

Vanderbilt Beach:
Foreclosures: 0
Short Sales: 2

As you can see there are 20 short sales and foreclosures in the 19 locations I cover.  That's honestly about 18 more than I expected! Is this a reason for buyer's to hoot and holler? There are over 1,300 listings in those neighborhoods so the overall percentage of distressed properties is 1%.  It is however an indication that there are still deals to be had in these locations but opportunities may be fading fast.  The bigger story is the supply and demand situation we have going on...see what the supply is in the following locations now:

Aqualane Shores:
7 months of inventory = UNDERSUPPLIED

Audubon Naples:
13 months of inventory = OVERSUPPLIED

Bay Colony Naples:
6 months of inventory = UNDERSUPPLIED

Collier's Reserve:
16 months of inventory = OVERSUPPLIED

Coquina Sands:
4 months of inventory = UNDERSUPPLIED

Grey Oaks:
12 months of inventory = STABLE

Mediterra:
10 months of inventory = UNDERSUPPLIED

Moorings:
7 months of inventory = UNDERSUPPLIED

Naples Cay:
22 months of inventory = OVERSUPPLIED

Olde Naples:
8 months of inventory = UNDERSUPPLIED

Park Shore:
8 months of inventory = UNDERSUPPLIED

Pelican Bay:
8 months of inventory = UNDERSUPPLIED

Pelican Marsh:
5 months of inventory = UNDERSUPPLIED

Pine Ridge:
9 months of inventory = UNDERSUPPLIED

Port Royal:
16 months of inventory = OVERSUPPLIED

Quail West:
15 months of inventory = OVERSUPPLIED

Royal Harbor:
8 months of inventory = UNDERSUPPLIED

Tiburon:
16 months of inventory = OVERSUPPLIED

Vanderbilt Beach:
12 months of inventory = OVERSUPPLIED

As you can see 7 of the 19 Naples luxury neighborhoods are still experiencing an oversupply of inventory which IS excellent news for a buyer but you want to make your selections early this year. 

Something different this year compared to the last 3 years is by October most sellers start to feel an air of confidence because "season" is just around the corner and high traffic with purchasing expectations is almost here.  This year, there's an election...uncertainty is a buyers friend. Sellers are still very negotiable right now compared to most year so it could be your best time to cut your best deal is now til election day.

Some of you have already figured that out and made appointments with me.  For that reason, my calendar is filling up.  Do we need to get together this season?  If so, PLEASE call me today so I can get you on my calendar, afterall, I provide this content so I can work with you.  I don't want to miss the opportunity to assist you.

Best Regards,

Shannon Lefevre, PA
Your Naples Smart Girl!

While doing some research for a client, I was reminded about a community I hadn't thought much of in years.  I was first introduced to Naples Club Estates quite some time ago when it was named something else.  It's a quiet little 28 lot subdivision located a little further east than most of my clientele prefer (off 951 or Collier Blvd.). 

The trick factor about Naples Club Estates is that the development sits on 155 acres.  For those of you who don't know Naples, dirt is a little difficult to come by.  There aren't that many Naples locations that offer a larger lot. In fact, I can count them on one blog post:

• Port Royal (Most Luxurious Location)
• Pine Ridge (Some Equestrian Lots close to the beach)
• Livingston Woods (Small acreage lots in the middle of Naples)
• Quail West (Estate sized lots just east of 75)
• Quail Creek (further east off Immokalee than Quail West)
• Logan Woods (Just east of 75 was once part of Golden Gate Estates)
• Oakes Estates (East of 75 was once part of Golden Gate Estates)
• Golden Gate Estates (most eastern sprawling subdivision, few restrictions)

There are some other areas that have a handful or so of larger sized lots but in a nutshell, that's about all there is of oversized (1 acre+) lot locations in Naples.

So here's the deal.  When the development originally started...(if memory serves) they tried to package it as "sort of" a golf course community...which was silly.  There is no golf course in this community.  While Naples National Golf Club is located just to the north of this location, it isn't part of Naples Club Estates and property owners here don't have power over the golf club. Naples Club Estate owners who purchase on the north side of Club Estates Drive will have a fabulous view of the Naples National golf course (while it is in existence) but they don't get a guarantee that it will always be there...then again, who does?

So here's my point.  Pricing in there seems OUTSTANDING to me right now.  You can buy a Club Estates home built in 2008 with 4,302 square feet for only $950,000! That's crazy!  There are also a few Club Estate lots in there priced exceptionally well too.  With pricing like that, it's hard to not consider them.

If you know me, you know I am not typically a betting girl...actually, I am a betting girl but if I'm betting, I'm winning.  So, I'm not sure I would "bet" on Club Estates right now but somebody who can stomach a little more risk than I should seriously consider property in this location.  After all, it does fall into one of my favorite rules of real estate which is, "be where everybody else isn't".

For more information about Naples estate homes or homes with acreage in Naples, give me a shout!

Best Regards,

Shannon Lefevre, PA
Your Naples Smart Girl!