Is it a buyers market or a sellers market? (Part I)
Is it a buyer’s market or a seller’s market in the Naples and Bonita Springs area? How can it be both? The Naples area real estate market has always been very localized through all cycles, all economic conditions and the ups and the downs. Everyone has heard the phrase “West of 41” as it relates to the real estate market in our area. Beyond the geographic significance of Tamiami Trail and the proximity to the Gulf of Mexico, every neighborhood has its own value. Sale prices are reflected in the particular neighborhood and, naturally, influenced by the law of supply and demand.
Let’s look at a community that currently has an abundant supply of homes on the market – Regatta of Vanderbilt Beach. If the idea of a condo near the beach that is loaded up with resort amenities like a tropical oasis swimming pool appeals to you, then your timing is good to take advantage of buyer market conditions in that community. Regatta is a gated condominium development that sits on Vanderbilt Lagoon at the intersection of Vanderbilt Drive and Vanderbilt Beach Road – steps to the beach near the Ritz Carlton Hotel. Right now, there are 22 units for sale – a 18 month supply of condos in Regatta (a total of 11 units sold in 2011 – and a total of 7 closed sales in 2012) so, you should be able to negotiate a very favorable deal with a serious seller.
Call Ellie now @ (239) 776-5077 for more details.
As Realtors we show homes and we preview homes all the time and Regatta makes it into our “Favorite List”. What’s not to like about Regatta of Vanderbilt Beach? Newer construction, higher ceilings, tons of windows, great views of the bay and Gulf of Mexico, modern floor plans, tons of amenities, poolside cabanas (sold separately), boat docks (sold separately) and walking distance to the desirable Vanderbilt Beach! Did I mention that they also have a rental friendly policy?
Available for Sale in Regatta of Vanderbilt Beach
Our years of experience in real estate as full time Realtors® will prove to be invaluable to you when purchasing in Naples FL, so feel free to call or email with general questions about our local real estate market or any particular community. Visit www.StepstoTheBeach.com for new featured listings and updated information. Hope you enjoy our daily blog too.