Closed sales activity on the Gulfshore Blvd. beachfront and bayfront maintained the steady pace of the first quarter. With 58 closed units on the beach and 15 on the bay, second quarter 2010 is the highest second quarter since 2005. On a year-to-date basis, Gulfshore Blvd. beachfront sales are up 17% over the first six months of 2009 and bayside sales up 107%.





Gulfshore Blvd. Closed Sales


Average sales price of Gulfshore Blvd. beachfront properties in the second quarter was $1,155,024, representing a 17% increase over first quarter 2010, and slightly ahead of Q2 2009. Seven sales over $2,000,000 were recorded for the quarter versus three for second quarter 2009, and two during first quarter 2010. The highest sales price during the quarter occurred in Le Rivage at Park Shore at $5,400,000. The increase in sales over $2,000,000 is consistent with the market in general which experienced a surge of activity in high-end sales.

The Martinique at the Moorings posted the highest number of closed units with five closings. Horizon House at Park Shore and La Mer at Park Shore followed with four sales in each building.

Average sales price on the bay increased 32% from first to second quarter 2010 and remained essentially the same as second quarter 2009 at $486,467. Prices of $1,405,000 at Bella Baia and $949,000 at the Tropics at Park Shore were the highest prices recorded for the bayfront segment during the period.

Summary

On July 1, 2010 there were 215 properties available on the Gulf and 81 on the Bay.
This represents an 11% reduction of Beachfront inventory and a 14% decrease on the Bayfront from end of first quarter 2010. Buyer interest remains strong for the beach and bay units. However, price continues to be the driving force behind the sales activity of the first two quarters of 2010. This report does not reflect newly pended sales that occurred during the first and second quarters, but which have not yet closed. When these closings occur, inventory levels are expected to drop to even lower levels. Stabilizing prices and a good selection of product in many buildings continue to provide great opportunities for the astute buyer. Your John R. Wood Realtors professional sales consultant can give you detailed information on specific buildings and locations in which you have a personal interest.

Supplied by Dottie Babcock, CFO of John R. Wood INC. REALTORS

For more information on Park Shore Naples or Moorings Naples, contact me direct!

“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.”

Admiralty Point is a fabulous Naples Beachfront condo that deserves a little recognition!  Although the buildings were built in 1976 and 1982, these condos have been magnificently maintained and updated!  Here's a peek at all of the work that's been accomplished during the last three years:

Common Area Projects

1.    Remodeled West Club House
a.    Remodeled kitchen, replaced appliances, installed new furnishings   
b.    Hurricane code compliant Glass Sliding doors and enclosures installed (withstand 140 MPH winds)
c.    Bath Rooms totally replaced
d.    New Fitness Equipment installed; will enable “Power of 10” fitness program

2.    East Club House HVAC units replaced with code qualified energy efficient units

3.    East and West Pool Areas

a.    Energy efficient Geothermal ground water heating system installed in each pool
b.    New barbecue Areas built adjacent to each pool
c.    New Tile installed around pools and lounging areas

4.     Har Tru Tennis court surfaces and fences replaced and perimeter court areas re-landscaped.

5.    Landscaping substantially updated with native plantings

6.    Manager’s office renovated

7.    Roads and parking area coated and parking spaces repainted


West Building Projects

1.    Entire Building painted and sealed in 2009

2.    New Elevators installed

3.    New Garage entries installed and garage painted

4.    New Electronic Card and FOB entry system

5.    Roof and flashing replaced as needed.


East Building Projects

1.    New 25- year code compliant Roof installed in 2009

2.    New 20- ton HVAC system for the Common Areas installed in 2009

3.    New code compliant Emergency Motor Generator installed

4.    Entrance Lobby renovated and redecorated

5.    All Lanais repaired and strengthened to meet current codes (2 year project)

6.    Entire Building painted and sealed in 2009   

7.    Windows
a.    Unit owner windows serviced and maintained
b.    All window jambs rebuilt and meet hurricane code
c.    New code compliant (150 MPH) common area windows installed (withstand 120 negative pressure)

8.    Building landscaping and sprinklers renovated
a. Fire Marshall informed Admiralty Point Manager that existing sprinkler system meets 2014 fire code

 

Currently there are 8 units in Admiralty Point available ranging from $525,000 to $1,499,000.  It might be worth checking it out if you haven't done so recently!  See Admiralty Point condos for sale, see other Moorings homes or Moorings condos for sale or contact me direct for more information!

Best Regards,

Shannon Lefevre, PA
Your Naples Smart Girl!
239-595-6223