Naples Florida Real Estate: Florida: Naples: Olde Naples

After completing some extensive research on Olde Naples Florida (single family homes) this morning, here's what I found:

Currently there's almost 3.5 years of inventory currently available in Olde Naples.

120 listings
Low:          $450,000
Medium:    $2,618,072
High:         $15,000,000

There are currently 7 Olde Naples Homes pending right now.
Low:          $599,000
Medium:    $1,126,843
High:         $1,475,000

10 Olde Naples Homes have sold so far this year.
Low:        $655,000
Medium:  $1,818,480
High:       $3,500,000

Average sales prices have remained almost exactly the same with only a -.02% differential in price compared to last year, BUT the big factor is the huge difference in price per square foot!

Olde Naples single family homes price per square foot is down a whopping 31% compared to last year.  Last year sales prices were averaging $715/square foot while this year so far average price per square foot is only $493/square foot.

This doesn't mean sellers are coming off of their prices significantly either!  In fact, sellers are getting 88% of their list price on average compared to last year when they only recognized an average of 87% of list price.  There are sellers who are getting more and less.  For example, the most a seller has received is 95% and a seller negotiated as much as 73% off list so far this year.

What does this mean exactly?

SELLERS:  It's now more important than EVER before to list your home at a price that will cause it to sell.  If you're not seeing appointment based showings ( a GREAT rule of thumb for this market is about 3 showings per week) either reduce your price are take it off the market.

BUYERS:  Please do not negotiate on % off list price alone.  There is a very clean display of sellers who are actually in the market to sell this year and seller's who are more interested in holding out for their price.  Do NOT expect to come in and negotiate up to 27% off list price across the board.  This will make you look uneducated and weaken your chances of getting an outstanding Olde Naples Deal! 

This is the same Naples neighborhood that offers walking distance to the glorious Naples Florida beaches and great proximity to the two shopping and dining districts of 5th Avenue and 3rd Street South.  You should consider purchasing in Olde Naples as more of a leisure/strategic move compared to a get rich quick investment. 

Most people who have been interested in Olde Naples this year have been precisely those people who have a special affinity for the Olde Naples Florida location, they have the means to pay for it right now (usually cash) and many of them remember when the house currently listed for $450,000 sold for $835,000 and was once on the market for $1,290,000.

For more information regarding Olde Naples, contact me direct!

Best Regards,

Your Naples Smart Girl!

A Fabulous Home In Olde Naples!

A magnificent Olde Naples home built in 2005 on a lushly-landscaped lot located just 5 blocks from the glorious Olde Naples beach and 4 blocks from the exclusive dining and shopping experience found on 5th Avenue South.  Enjoy sunshine filled days lounging in the sparkling pool and lazy afternoons from the comfortably, expansive screened lanai.  This home features 3 full suites and one bedroom currently used as a den with two suites located downstairs and one suite with additional living area upstairs.  Vaulted wood ceilings and beautiful warm wood flooring adds to the casual, comfortable ambiance of this exceptionally positioned home.

Additional Features:
-  Granite counter tops.
-  Custom cabinetry.
-  Mature landscaping.
-  Circular drive providing guest ample parking.
-  Stainless steel appliances.
-  Vaulted ceilings.
-  Expansive screened lanai.
-  Breakfast bar.
-  Split bedroom arrangement.
-  Balcony off second floor living area.
-  Orange tree located in the backyard.

 For more information regarding this listing, click here or contact me direct! 

Shannon@ShannonLefevre.com

239-595-6223