Naples Florida Real Estate: Vizcaya at Bay Colony Naples Florida Update

Vizcaya at Bay Colony is doing GREAT!

Currently there are only 2 units in Vizcaya at Bay Colony on the market and a whopping 4 have sold during the last 12 months.  Since there's only 6 months of inventory this gives Vizcaya at Bay Colony a stronger than healthy real estate position.

One might think with this news we would've seen a notable price increase as well but current sellers are not asking for anything extraordinary as far as pricing is concerned. In fact there's only 1 sold listing in Vizcaya that was on the market for less per square foot than the two remaining.  That's terrific news for any buyer who might be considering a purchase in Vizcaya. Inquiring minds always want to know what current sellers will consider taking and of course nobody knows until the offer is accepted and even if I did know, I couldn't tell you.  I can say the average list price to sales price ratio is presently 83% which is statistically lower than the Pelican Bay average which remains at 91%.  While that's a good number to use during a negotiating strategy, that doesn't always mean future sellers are interested in negotiating that much off the price nor does it mean you won't get a deal if they don't.  Every deal is different and sellers just like buyers reserve their right to change their mind without notice.

As we become more proficient with all of the numbers some points will always be subjective and nearly impossible to predict.  That's why we still see examples of sellers who hold very close to their price and why we see some sales occur that appear to be fabulous deals. 

If you're thinking about taking a peek at Vizcaya at Bay Colony, I hope you're thinking about doing it with me!