What is a Florida Bundled Golf Community?

A Florida bundled golf community is a development where the golf membership is bundled or deeded to the property and your membership dues are combined with your annual community fees. There is no upfront initiation fee in a bundled golf community.

One of the advantages of this type of community is if you purchase a property which includes a golf membership, you have immediate golf privileges.

Do All Homes in a Bundled Golf Community Include a Golf Membership?

It depends on the community. There are several golf communities where every home includes a golf membership. However, it is important to note some bundled golf communities have a mix of properties with a golf membership and some properties which only include a social membership.

If I Purchase a Home with a Social membership, Can I Upgrade to a Golf Membership?

If you buy a home which only has a social membership, since the membership is deeded to the property you would not be able to upgrade to a golf membership. You would have to purchase a home with a golf membership attached to the property. If a golf membership is important to you, we highly recommend working with an experienced golf community agent if you are buying a golf home.

Is a Bundled Golf Community Right for You?

There are advantages and disadvantages to a bundled golf membership. One of the key factors to help you decide if a bundled golf community is right for you depends on how often you want to play.

Bundled golf communities are typically larger developments which are higher density than a non-bundled or equity golf community. As a result, you have more people competing for tee times. If you plan to play a couple of times a week, a bundled golf community is a good option. If you plan to play several times per week, you may want to consider a different type of golf community.

Another important question is how important is having immediate golf privileges? If it is a must, a home with a bundled golf membership is your best option.  Most equity clubs or clubs with a one-time upfront initiation fee have a waiting list and it could be several years before you would be eligible to join the club as a golf member.

Are There Other Types of Golf Communities?

The other type of golf community is where the club requires an upfront golf membership initiation fee as well as annual membership dues. In most cases you will also have annual community fees up and above your golf membership dues.

In the past, most of the clubs collecting an upfront initiation fee dedicated a portion to equity which you would get back when you dropped your membership. These types of clubs are commonly referred to as “equity golf communities” or “equity golf clubs”. There are very few clubs still offering equity memberships. They now require a non-refundable upfront initiation fee. Additionally, most of these clubs have multi-year waitlists.

How Do I Determine Which Golf Community is Right for Me?

There are advantages and disadvantages to each type of membership and community. With more than 150 golf communities in the area it is a challenge to navigate all the various options for golf membership. That is where we come in. Our vast relationships with all the golf communities from Naples to Sarasota allow us to serve our clients by making the home-buying or selling process an easy and enjoyable one.

While it may seem overwhelming at first, once we know how often you play, other desired club amenities, property type and a price range we can help you narrow the list of clubs down to a handful that will potentially offer you the Florida golf lifestyle you are looking for.

August 9th, 2022 Posted by NaplesGolfGuy

Naples June Weekly Real Estate Recap

The latest Naples June weekly real estate recap for the week of the 13th showed 280 Homes Sold up from 240 sales during the prior week. The highest priced property sold on Gulf Shore Blvd. for $13,500,000.

East Naples moved up to the first position with 55 real estate transactions up from 52 sales during the previous week. Home sales consisted of 16 percent vacant lots, 33 percent single family homes and 45 percent were condos. The remaining properties sold were 2 mobile homes.

North Naples fell to the second position with 41 homes sales down from 53 during the prior week. Real estate transactions consisted of 8 percent vacant lots, 46 percent were single family homes and 46 percent were condos.

Finally, the City of Naples ended the week with 35 property sales up from 32 sales during the week of June 6th. Naples property sales were made up of 8 percent were vacant lots, 29 percent single family homes and 63 percent condos.

In summary, the Naples home sales recap for the week of June 13th showed sales were broken down as follows: 100 condos, 106 single family homes, 71 vacant lots and 3 mobile homes.

Naples Luxury Home Sales

Forty-Nine homes sold during the week. Luxury home prices ranged from $1,000,000 to $13,500,000.

• $1,000,000 – $1,999,999 price range – 33 homes sold
• $2,000,000 – $2,999,999 price range – 9 homes sold
• $3,000,000 – $4,999,999 price range – 5 homes sold
• $5,999,000 – $9,999,999 price range – 1 home sold
• $10,000,000 plus – 1 home sold

Naples June Weekly Real Estate Recap – Organized by zip code:

City of Naples

• 34102 – 9 properties sold (1 vacant lot and 8 condos)
• 34103 – 11 properties sold (1 vacant lot, 3 single family homes and 7 condos)
• 34105 – 15 properties sold (1 vacant lot, 7 single family homes and 7 condos)

North Naples

• 34109 – 6 sold properties (3 single family homes and 3 condos)
• 34110 – 10 properties sold (3 single family homes and 7 condos)
• 34119 – 25 properties sold (3 vacant lots, 13 single family homes and 9 condos)

East Naples

• 34104 – 9 properties sold (4 single family homes and 5 condos)
• 34112 – 20 properties sold (2 mobile homes, 3 vacant lots, 5 single family homes and 10 condos)
• 34113 – 26 properties sold (7 vacant lots, 9 single family homes and 10 condos)

Ave Maria and Immokalee

• 34142 – 16 properties sold (10 vacant lots and 6 single family homes)

Barefoot Beach

• 34134 – 1 property sold (1 single family home)

Big Cypress

• 34117 – 18 properties sold (8 vacant lots and 10 single family homes)

Chokoloskee

• 34138 – 2 properties sold (2 condos)

Coco River

• 34108 – 19 sold properties (1 vacant lot, 7 single family homes and 11 condos)

Corkscrew

• 34120 – 41 properties sold (23 vacant lots and 18 single family homes)

Eastern Collier County

• 34114 – 31 properties sold (11 vacant lots, 8 single family homes and 12 condos)
• 34116 – 5 properties sold (3 single family homes and 2 condos)

Everglades City

• 34139 – 1 property sold (1 single family home)

Goodland

• 34140 – 1 property sold (1 mobile home)

Marco Island

• 34145 – 14 properties sold (2 vacant lots, 5 single family homes and 7 condos)

Southwest Florida Real Estate Trends

Naples Golf Guy Monthly Market Report

Luxury Golf Community Trends

Golf Community Homes Just Listed

Another Heritage Bay Home Under Contract

Another Heritage Bay home under contract! Congratulations to our clients from Massachusetts who just went to contract on this fantastic vacation home in a top notch Naples bundled golf community.

Heritage Bay – 10390 Smokehouse Bay Dr. Naples, FL – List Price $797,000

More About this Heritage Bay Home Under Contract:

This furnished single family home in Heritage Bay has a spectacular view of the golf course. The Ascot model is one of only 20 executive homes in this bundled golf community with a southern exposure. A beautiful golf home that is bright and light with an open layout. Situated in an excellent location just a short distance to the clubhouse and a wide array of amenities. A full golf membership to 27 championship holes  is  included with the purchase of this home.

• Three Bedrooms
• Two Bathrooms
• 2,447 Square feet under air
• Year Built: 2006

As of today, there is only one other single family home for sale in Heritage Bay. If you are considering selling, you still have an opportunity to maximize the value of your home. Call or text us today.

More About Heritage Bay Golf & Country Club

Heritage Bay is a bundled golf community located in North Naples.  Your membership fees will be included in the purchase of the home and monthly dues are included in your regular community fees.  The golf course was designed by Gordon Lewis and Jed Azinger and includes spacious fairways and undulating greens.  Also, there is a large practice area with an aqua range and short game area.

Additionally, the club recently completed a $10 million improvement project to enhance the amenities for all residents of Heritage Bay. There is a brand new resort-style pool with a full service outdoor restaurant. The clubhouse has an updated Grille room overlooking the golf course and offers a casual dining option for members to enjoy after a round of golf.

Beyond golf, club amenities include 7 Har-Tru tennis courts, fitness center, pickleball courts, bocce courts and a full social calendar!

Finally, the golf course is surrounded by single family homes which range from $790,000 to $1,395,000 and condos range from $350,000 to $760,000.  Learn more about Heritage Bay…

Begin Your Own Property Search for the Best Luxury Golf Properties:

Southwest Florida July Weekly Home Sales Recap

The latest Southwest Florida July Weekly Home Sales recap for Bonita Springs, Estero and Southern Fort Myers showed 209 properties sold during the week of the 16th.

Southern Fort Myers was in the number one position with 86 real estate transactions. Sales were as follows: 27 percent vacant lots, 22 percent were condos and 52 percent were single family homes. The remaining Fort Myers properties sold were a mobile home, a multi-family unit and commercial units.

Estero rounded out the week in the third spot with 64 property sales. Home sales were split between multiple property types. Of the 64 sales, 39 percent were vacant lots, 20 percent were condos and 34 percent were single family homes. The other properties sold were a commercial unit and 3 mobile homes.

Finally, Bonita Springs fell to the third position with 58 transactions. The Bonita property sales were divided as follows: 10 percent were mobile homes, 21 percent were vacant lots, 31 percent were condos and 34 percent were single family homes. In addition, a commercial unit and multi-family unit sold during the week.

In review, based on the real estate transactions report for the week, property sales were broken down by the following types in Southwest Florida: 50 condos, 87 single family homes, 56 vacant lots, 10 mobile homes, 4 commercial units, and 2 multi-family units.

Southwest Florida Luxury Property Sales

Twenty-Eight luxury properties sold during the week above $1,000,000.

• $1,000,000 – $1,999,999 price range – 27 homes sold
• $2,000,000 – $2,999,999 price range – 0 homes sold
• $3,000,000 – $4,999,999 price range – 1 home sold
• $5,999,000 – $9,999,999 price range – 0 homes sold
• $10,000,000 plus – 0 properties sold

July Weekly Home Sales Recap – Organized by Zip Code

Bonita Springs

• 34134 – 14 properties sold (1 multi-family unit, 1 mobile home, 4 single family homes and 8 condos)
• 34135 – 44 properties sold (1 commercial unit, 5 mobile homes, 12 vacant lots, 16 single family homes and 10 condos)

Southern Fort Myers

• 33912 – 13 properties sold (1 commercial unit, 4 single family homes and 8 condos)
• 33913 – 49 properties sold (1 commercial unit, 16 vacant lots, 23 single family homes and 9 condos)
• 33967 – 24 properties sold (1 commercial unit, 1 mobile home, 1 multi-family unit, 3 vacant lots and 18 single family homes)

Estero

• 33928 – 55 properties sold (1 commercial unit, 3 mobile homes, 25 vacant lots, 20 single family homes and 6 condos)
• 33967 – 2 properties sold (1 single family home and 1 condo)
• 34134 – 2 properties sold (1 single family home and 1 condo)
• 34135 – 5 properties sold (5 condos)

Miromar Lakes

• 33913 – 1 property sold (1 condo)

Southwest Florida Sales Reports:

Naples Golf Guy Monthly Market Report

Luxury Golf Community Trends

Golf Community Homes Just Listed

Considering Selling Your Naples Home? Why Work with an Experienced Real Estate Agent

Naples June Weekly Real Estate Transactions Recap

The latest Naples June weekly real estate transactions recap for the week of the 6th showed 240 Homes Sold. The highest priced property sold in the Moorings for $9,300,000.

North Naples remained in the top position with 53 homes sold. Real estate transactions consisted of 45 percent were single family homes and 45 percent were con and 10 percent were vacant lots.

East Naples stayed in the second with 52 real estate transactions for the week. Home sales consisted of 6 percent vacant lots, 25 percent single family homes and 67 percent were condos. The remaining property sold was a mobile home.

Finally, the City of Naples ended the week with 32 home sales. Naples property sales were made up of 31 percent single family homes and 69 percent condos.

In summary, the Naples home sales recap for the week of June 6th showed sales were broken down as follows: 111 condos, 91 single family homes, 35 vacant lots and 3 mobile homes.

Naples Luxury Home Sales

Forty-three homes sold during the week. Luxury home prices ranged from $1,000,000 to $9,300,000.

• $1,000,000 – $1,999,999 price range – 19 homes sold
• $2,000,000 – $2,999,999 price range – 14 homes sold
• $3,000,000 – $4,999,999 price range – 5 homes sold
• $5,999,000 – $9,999,999 price range – 5 homes sold
• $10,000,000 plus – 0 homes sold

Naples June Weekly Real Estate Transactions – Organized by zip code:

City of Naples

• 34102 – 10 properties sold (2 single family homes and 8 condos)
• 34103 – 9 properties sold (3 single family homes and 6 condos)
• 34105 – 13 properties sold (5 single family homes and 8 condos)

North Naples

• 34109 – 8 sold properties (3 single family homes and 5 condos)
• 34110 – 20 properties sold (9 single family homes and 11 condos)
• 34119 – 25 properties sold (5 vacant lots, 12 single family homes and 8 condos)

East Naples

• 34104 – 11 properties sold (4 single family homes and 7 condos)
• 34112 – 24 properties sold (1 mobile home, 2 vacant lots, 4 single family homes and 17 condos)
• 34113 – 17 properties sold (1 vacant lot, 5 single family homes and 11 condos)

Ave Maria and Immokalee

• 34142 – 5 properties sold (5 single family homes)

Barefoot Beach

• 34134 – 3 properties sold (2 single family homes and 1 condo)

Big Cypress

• 34117 – 9 properties sold (3 vacant lots and 6 single family homes)

Chokoloskee

• 34138 – 1 property sold (1 condo)

Coco River

• 34108 – 12 sold properties (3 single family homes and 9 condos)

Corkscrew

• 34120 – 31 properties sold (12 vacant lots, 15 single family homes and 4 condos)

Eastern Collier County

• 34114 – 17 properties sold (2 mobile homes, 7 vacant lots, 3 single family homes and 5 condos)
• 34116 – 4 properties sold (4 single family homes)

Marco Island

• 34145 – 21 properties sold (5 vacant lots, 6 single family homes and 10 condos)

Southwest Florida Real Estate Trends

Naples Golf Guy Monthly Market Report

Luxury Golf Community Trends

Golf Community Homes Just Listed

A Real Estate Professional Helps You Separate Fact from Fiction

Are you trying to determine fact from fiction in the real estate market? If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from fiction. That’s where a trusted real estate professional comes in. They can help debunk the headlines so you can really understand today’s market and what it means for you.

Here are three common housing market myths you might be hearing, along with the expert analysis that provides better context.

Myth 1: Home Prices Are Going To Fall

One piece of fiction many buyers may have seen or heard is that home prices are going to crash. That’s because headlines often use similar, but different, terms to describe what’s happening with prices. A few you might be seeing right now include:

• Appreciation, or an increase in home prices.
• Depreciation, or a decrease in home prices.
• And deceleration, which is an increase in home prices, but at a slower pace.

The fact is, experts aren’t calling for a decrease in prices. Instead, they forecast appreciation will continue, just at a decelerated pace. That means home prices will continue rising and won’t fall. Selma Hepp, Deputy Chief Economist at CoreLogic, explains:

“. . . higher mortgage rates coupled with more inventory will lead to slower home price growth but unlikely declines in home prices.”

Myth 2: The Housing Market Is in a Correction

Another common myth is that the housing market is in a correction. Again, that’s not the case. Here’s why. According to Forbes:

“A correction is a sustained decline in the value of a market index or the price of an individual asset. A correction is generally agreed to be a 10% to 20% drop in value from a recent peak.”

As mentioned above, home prices are still appreciating, and experts project that will continue, just at a slower pace. That means the housing market isn’t in a correction because prices aren’t falling. It’s just moderating compared to the last two years, which were record-breaking in nearly every way.

Myth 3: The Housing Market Is Going To Crash

Some headlines are generating worry that the housing market is a bubble ready to burst. But experts say today is nothing like 2008. One of the reasons why is because lending standards are very different today. Logan Mohtashami, Lead Analyst for HousingWire, explains:

“As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that credit lending in America will collapse as it did from 2005 to 2008 couldn’t be more incorrect, as we haven’t had a credit boom in the period between 2008-2022.”

During the last housing bubble, it was much easier to get a mortgage than it is today. Since then, lending standards have tightened significantly, and purchasers who acquired a mortgage over the last decade are much more qualified than they were in the years leading up to the crash.

Bottom Line

No matter what you’re hearing about the housing market, let’s connect. That way, you’ll have a knowledgeable authority on your side that knows the ins and outs of the market, including current trends, historical context, and so much more.

Southwest Florida June Housing Market Update

Naples Golf Guy Monthly Newsletter

2022 Lee County Housing Market Update Single Family Homes

2022 Lee County Housing Market Update Condos

Begin Your Own Search for a Southwest Florida Vacation Home or Second Home:

So, if you are ready to begin your search for your dream home or condominium in Southwest Florida, we encourage you to explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate.

There are more than 150 different golf communities in our area and most of them have a private golf course within the community.  It can be challenging to navigate the plethora of communities, membership options, golf course design, amenities and more. We will help provide you with a list of the top private golf communities which match your lifestyle.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will manage all contract negotiations via paperless transactions for your property from offer to close!

Should I use a Realtor if I’m buying New Construction?

Considering Selling Your Southwest Florida Home?

It is a seller’s market so why should you hire a realtor? Do you have the time? There are over 180 actions required to successfully complete a real estate transaction. From scheduling showings, contract negotiations, organizing inspectors, attorneys, title companies and a mountain of paperwork.

With almost 20 years of experience helping sellers with their golf community real estate needs, we would like to share our strategy for how we are helping maximize the number of offers homeowners are receiving and higher sales prices.

As an experienced real estate team, we have made a career out of helping people sell homes in premier golf communities. As you may well know, opportunities such as today’s market for sellers only comes every so often.

Contact us today to learn your home’s true value – 239-370-0892.

Why Hire a Real Estate Agent to Sell Your Home

Results You Can Count On

The Naples Golf Guy Team is committed to extraordinary customer service with an emphasis on detail. Professionalism, integrity, and discretion are not goals, they are standards. We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. If you are a buyer, we are committed to helping you find the community which will allow you to live the ultimate Florida lifestyle in Paradise.

About Naples Golf Guy

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Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

July 30th, 2022, Posted by NaplesGolfGuy

Another Heritage Bay Blvd Condo Just Sold!

Another Heritage Bay Blvd. condo sold by the Naples Golf Guy Team! Congratulations to our clients from Pennsylvania who bought a fantastic vacation condo using a 1031 exchange in an excellent Naples bundled golf community while working with teammate Mike Pepple.

Heritage Bay – 10333 Heritage Bay Blvd. Unit 1733 Naples, FL – Sold Price $415,000

More About this Heritage Bay Condo:

This turnkey furnished condo is bright with an open layout. The Brookside model is by far the most popular of the Terrace condos at Heritage Bay. Located on the third floor, you have an incredible panoramic view of multiple golf holes, water, and the nature preserve as well. It comes with a full golf membership to 27 championship holes.

• Bedrooms: 2 plus den
• Bathrooms: 2
• Square ft.: 1,232
• Year Built: 2010

More About Heritage Bay Golf & Country Club

Heritage Bay is a bundled golf community located in North Naples.  Your membership fees will be included in the purchase of the home and monthly dues are included in your regular community fees.  The golf course was designed by Gordon Lewis and Jed Azinger and includes spacious fairways and undulating greens.  Also, there is a large practice area with an aqua range and short game area.

Additionally, the club recently completed a $10 million improvement project to enhance the amenities for all residents of Heritage Bay. There is a brand new resort-style pool with a full service outdoor restaurant. The clubhouse has an updated Grille room overlooking the golf course and offers a casual dining option for members to enjoy after a round of golf.

Beyond golf, club amenities include 7 Har-Tru tennis courts, fitness center, pickleball courts, bocce courts and a full social calendar!

Finally, the golf course is surrounded by single family homes which range from $790,000 to $1,999,000 and condos range from $300,000 to $760,000.  Learn more about Heritage Bay…

Begin Your Own Property Search for the Best Luxury Golf Properties:

Southwest Florida Golf Community Insights

Are you looking for the latest Southwest Florida golf community insights? There are some notable trends in golf communities in our area. Most private country clubs fall into one of two categories.

There are bundled golf communities which means the golf membership is bundled or deeded to the property and your membership dues are apart of your annual community fees. There is no upfront initiation fee in a bundled golf community. Provided you purchase a property which includes a golf membership, you have immediate golf privileges. It’s important to note, in some bundled golf communities a property only includes a social membership.

The second type of golf membership is where the golf community requires an upfront initiation fee and then you pay annual membership dues as well as your community fees. In the past, most of the clubs collecting an upfront initiation fee dedicated a portion to equity which you would get back when you dropped your membership. There are very few clubs still offering equity memberships. They now require a non-refundable upfront initiation fee. Additionally, most of these clubs have multi-year waitlists.

There are advantages and disadvantages to each type of membership and community. With more than 150 golf communities in the area it is a challenge to navigate all the various options for golf membership. That’s where we come in. Our vast relationships with all the golf communities from Naples to Sarasota allow us to serve our clients by making the home-buying or selling process an easy and enjoyable one.

While it may seem overwhelming at first, once we know how often you play, other desired club amenities, property type and a price range we can help you narrow the list of clubs down to a handful that will potentially offer you the Florida golf lifestyle you are looking for.

Below you will find highlights for the latest real estate statistics for single-family golf homes and golf condos in our area.

Southwest Florida Golf Community Insights – Single Family Homes

NAPLES Golf Community Insights – Single Family Luxury Homes

Audubon Country Club – 3 properties for sale, 33 properties closed over the past 12 months and average sales price $2,005,902

Collier’s Reserve – 1 property for sale, 13 properties closed over the past 12 months and average sales price $1,961,231

Greyhawk at GC of the Everglades – 5 properties for sale, 40 properties closed over the past 12 months and average sales price $1,150,203

Grey Oaks – 7 properties for sale, 41 properties closed over the past 12 months and average sales price $4,521,683

Kensington – 1 property for sale, 22 properties closed over the past 12 months and average sales price $1,209,432

Lely Resort – 28 properties for sale, 121 properties closed over the past 12 months and average sales price $1,256,724

Mediterra – 11 properties for sale, 30 properties closed over the past 12 months and average sales price $3,277,923

Olde Cypress – 7 properties for sale, 31 properties closed over the past 12 months and average sales price $1,403,855

Pelican Bay – 5 properties for sale, 47 properties closed over the past 12 months and average sales price $4,243,554

Pelican Bay (Estates at Bay Colony) – 1 property for sale, 7 properties closed over the past 12 months and average sales price $5,957,285

Pelican Marsh – 6 properties for sale, 48 properties closed over the past 12 months and average sales price $2,300,942

Quail Creek – 9 properties for sale, 35 properties closed over the past 12 months and average sales price $2,010,657

Quail West – 13 properties for sale, 55 properties closed over the past 12 months and average sales price $3,682,836

Talis Park – 7 properties for sale, 12 properties closed over the past 12 months and average sales price $3,637,417

Tiburon – 1 property for sale, 13 properties closed over the past 12 months and average sales price $2,782,231

Treviso Bay – 5 properties for sale, 31 properties closed over the past 12 months and average sales price $1,882,308

Vineyards – 11 properties for sale, 67 properties closed over the past 12 months and average sales price $1,084,847

BONITA SPRINGS Golf Community Insights – Single Family Luxury Homes

Bonita Bay – 5 properties for sale, 38 properties closed over the past 12 months and average sales price $2,300,737

Palmira – 1 property for sale, 32 properties closed over the past 12 months and average sales price $848,661

Pelican Landing – 3 properties for sale, 44 properties closed over the past 12 months and average sales price $1,268,439

Pelican Landing (The Colony) – 0 properties for sale, 9 properties closed over the past 12 months and average sales price $2,058,889

ESTERO Golf Community Insights – Single Family Luxury Homes

Miromar Lakes – 9 properties for sale, 48 properties closed over the past 12 months and average sales price $2,631,988

Pelican Sound –  0 properties for sale, 12 properties closed over the past 12 months and average sales price $913,542

Shadow Wood – 8 properties for sale, 51 properties closed over the past 12 months and average sales price $1,495,309

West Bay Club – 1 property for sale, 10 properties closed over the past 12 months and average sales price $1,595,799

FORT MYERS Golf Community Insights – Single Family Luxury Homes

Gulf Harbour Yacht and Country Club – 6 properties for sale, 29 properties closed over the past 12 months and average sales price $1,545,259

The Forest – 4 properties for sale, 15 properties closed over the past 12 months and average sales price $578,993

BRADENTON Golf Community Insights – Single Family Luxury Homes

Concession – 5 properties for sale, 13 properties closed over the past 12 months and average sales price $3,209,929

Founders Club – 5 properties for sale, 16 properties closed over the past 12 months and average sales price $2,038,229

Esplanade at Lakewood Ranch – 5 properties for sale, 49 properties closed over the past 12 months and average sales price $949,140

Esplanade at Azario – 3 properties for sale, 42 properties closed over the past 12 months and average sales price $785,166

SARASOTA Golf Community Insights – Single Family Luxury Homes

TPC Prestancia – 3 properties for sale, 10 properties closed over the past 12 months and average sales price $1,371,500

Luxury Florida Golf Communities – Condos Real Estate Trends

NAPLES Golf Community Insights –  Condos

Audubon Country Club – 1 property for sale, 4 properties closed over the past 12 months and average sales price $975,250

Grey Oaks – 6 properties for sale, 21 properties closed over the past 12 months and average sales price $1,885,190

Hammock Bay – 9 properties for sale, 53 properties closed over the past 12 months and average sales price $718,591

Kensington – 1 property for sale, 20 properties closed over the past 12 months and average sales price $735,213

Lely Resort – 17 properties for sale, 228 properties closed over the past 12 months and average sales price $487,756

Mediterra – 5 properties for sale, 51 properties closed over the past 12 months and average sales price $1,796,500

Pelican Bay – 31 properties for sale, 373 properties closed over the past 12 months and average sales price $1,771,834

Pelican Marsh – 6 properties for sale, 70 properties closed over the past 12 months and average sales price $717,954

Talis Park – 11 properties for sale, 47 properties closed over the past 12 months and average sales price $1,408,027

Tiburon – 6 properties for sale, 41 properties closed over the past 12 months and average sales price $1,194,738

Treviso Bay – 6 properties for sale, 88 properties closed over the past 12 months and average sales price $520,232

Vineyards – 24 properties for sale, 136 properties closed the over past 12 months and average sales price $567,489

BONITA SPRINGS Golf Community Insights – Condos

Bonita Bay – 12 properties for sale, 182 properties closed over the past 12 months and average sales price $1,167,474

Palmira – 2 properties for sale, 12 properties closed over the past 12 months and average sales price $580,067

Pelican Landing – 3 properties for sale, 69 properties closed over the past 12 months and average sales price $524,859

Pelican Landing (The Colony) – 15 properties for sale, 57 properties closed over the past 12 months and average sales price $1,274,549

ESTERO Golf Community Insights – Condos

Miromar Lakes – 7 properties for sale, 53 properties closed over the past 12 months and average sales price $915,243

Pelican Sound – 1 property for sale, 26 properties closed over the past 12 months and average sales price $535,254

Shadow Wood – 0 properties for sale, 32 properties closed over the past 12 months and average sales price $577,250

West Bay Club – 5 properties for sale, 22 properties closed over the past 12 months and average sales price $953,086

FORT MYERS Golf Community Insights – Condos

Gulf Harbour Yacht and Country Club – 12 properties for sale, 100 properties closed over the past 12 months and average sales price $661,454

BRADENTON Golf Community Insights – Condos

Esplanade at Lakewood Ranch – 2 properties for sale, 23 properties closed over the past 12 months and average sales price $445,682

Esplanade at Azario – 2 properties for sale, 4 properties closed over the past 12 months and average sales price $362,910

SARASOTA Golf Community Insights – Condos

TPC Prestancia – 0 properties for sale, 4 properties closed over the past 12 months and average sales price $773,500

Southwest Florida Luxury Golf Community Insights

Overall, inventory for Luxury golf properties in our area remains low, however, inventory is increasing. And we continue to see new listings coming to the market every day. If you are considering buying a luxury golf home, you will need to be prepared to move quickly.

If you are considering selling, it is still a seller’s market and you have time to catch the top of the market. Call us today to learn your home’s value and how we can help you sell it for maximum value. What is my home worth…

If are considering buying a home we can help you identify which golf community or communities will fit your lifestyle and match your criteria for amenities in your price range. With the various fees associated with each golf community, it can be a challenge to determine what your total obligation will be for membership initiation fees as well as the annual membership dues, capital improvements and home owners association fees.

Since each community varies we recommend you use a professional Realtor with experience in golf communities to navigate your way through your options. We’ve been helping connect buyers and sellers in golf communities for nearly 20 years.

If you do not see a snapshot of the southwest Florida luxury private golf club community you are interested in, contact us for complete market analysis. Call, email or text us today for all of your real estate needs – 239.370.0892.

Lee County June Housing Market Update

The June housing market update for Lee County showed more than $1.81 Billion worth of properties closed during the month. The largest sale was $11,500,000 for a single-family home in Bonita Beach overlooking the Gulf of Mexico.

Like the rest of Southwest Florida, inventory increased significantly in June. Single-family inventory rose 85.7 percent and condos rose 72.3 percent. The significant increase over last year is a step in the right direction. However, we are a long way from a balanced market which is a 6 to 7 months’ supply of homes for sale. As of June 30th, overall inventory was just below a 2 months’ supply.

So, if you are wondering if prices are going to fall, keep in mind either supply would have to increase significantly, or demand would need to drop notable before we would see prices drop below existing closed sales. With real estate, supply takes a long time to catch up. In one year, we’ve almost doubled supply and we are still 4 months’ supply short of a normal market.

From a pricing standpoint, we have seen list prices adjusted to reflect current market values. So, when you read headlines about all the price reductions, keep in mind these are properties which were overpriced from the get-go and the Sellers are now lowering their “list” price which is still above or at the same level as recent closed sales.

From the demand side, we have seen a slow down with both closed sales and pending sales down double digits. The question is how much of the slowdown is due to seasonality and how much is due to a drop in demand? What we do know is Florida was recently ranked the 3rd most stable housing market in the United States.

Additionally, foreign buyers have re-entered the market after 2 years of sitting on the sidelines due to Covid. According to a recent report from the National Association of Realtors, 24% of international buyers chose Florida. Approximately 44 percent of foreign buyers purchased a property for use as a vacation home, rental, or both. Additionally, home prices in many U.S. metro areas are comparatively inexpensive compared to prices in other global cities making them attractive to foreign buyers.

Bottom line, we have started moving back towards a normal market. However, it is going to be a slow road back to a balanced market.

Lee County June Housing Market Update – Single Family Homes

June 2022 versus June 2021 Single Family Home Highlights:

• Closed sales decreased 14.9 percent going from 1,751 transactions down to 1,490 sales.
• Pending sales decreased 19.4 percent down from 1,586 last June versus 1,278 this June.
• Inventory increased 85.7 percent up to 3,012 properties for sale compared to this same time last year when 1,622 homes were for sale.
• New listings increased from 1,606 up to 1,950 which was a 21.4 percent increase.
• Median days on market increased to 13 days which was an 18.2 percent increase versus June of 2021.
• Available inventory of single-family homes ended June with a 2.1 months’ supply of homes available for sale which was up from 1 months’ supply during June 2021.

Once again single-family home prices showed a significant increase in the median sales price, up 23.3 percent over June of last year. If you are a Seller, you still have time to capture the top of the market.

Keep in mind inventory is building and Sellers are starting to reduce their prices. So, if you are considering selling, we recommend you do not wait much longer and be sure to price it right from the start. To find the best list price, we will consider current market demand, the value of other homes in your neighborhood, look at where prices are trending and your home’s condition. Call, email, or text us today. What is my home worth…

Also, keep in mind, even though industry experts continue to say growth will slow, we have yet to see a slowdown reflected in the actual local market data. If inventory remains low, prices will continue to rise. However, if inventory continues to build, we should see the rate of growth start to slow.

If you are considering buying a property, there are twice as many properties to choose from! At the same time, finding the right property may take time. To stay on top of new properties hitting the market sign up for automatic property alerts.

Lee County June Housing Market Update – Condos and Townhomes

June 2022 versus June 2021 Condo Highlights:

• Condo sales decreased 31 percent going from 928 real estate transactions down to 640 sales.
• Pending sales decreased 34.1 percent down from 776 last June to 511 this June.
• Inventory increased 72.3 percent up to 989 condos for sale compared to last June when there were only 574 units for sale.
• New listings decreased from 707 down to 702 which was a 0.7 percent increase.
• Median days to contract fell to 12 days which represented a 14.3 percent decrease versus June of 2021.
• Available inventory of condos ended June with a 1.5 months’ supply of properties available for sale which was a 114.3 percent increase!

The Lee County Condo market remains a strong seller’s market. Even though inventory has more than doubled compared to this time last year, historically it remains extremely low at just a 1.5 month’s supply. A balanced market would be a 6-7 months’ supply of homes for sale. Like last month due to low inventory both pending and closed sales were down year-over-year.

Additionally, if you are considering selling, new listings continued to sell quickly. Days on market remained extremely low at just 14 days from the day a condo was listed to contract. Also, both the median and average price continued to rise during May up 37.7 percent and 39.8 percent, respectively. As more inventory is added, we expect prices to start to level out.

If you are a buyer and you have been sitting on the sidelines, it may be time to start taking a closer look at homes for sale. Depending on the neighborhood, you may be surprised at the number of properties available. To stay up to date sign up for automatic property alerts.

Bottom line, it is a seller’s market for both condos and single-family homes. So now would be a great time to cash in on the high buyer demand. You might be surprised to learn how much your home is worth in today’s market. Wondering what the benefits are of using an agent sell your home? What is my home worth…

Whether you are buying or selling we have real estate specialists who cover the Gulf Coast from Naples to Sarasota, so if you are considering moving to the area, contact us for more information.

Southwest Florida June Housing Market Update

Naples Golf Guy Monthly Newsletter – NEW!

2022 Lee County Housing Market Update Single Family Homes

2022 Lee County Housing Market Update Condos

Begin Your Own Search for a Southwest Florida Vacation Home or Second Home:

So, if you are ready to begin your search for your dream home or condominium in Southwest Florida, we encourage you to explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate.

July 24th, 2022, Posted by NaplesGolfGuy

Sarasota Housing Market Update

The latest Sarasota housing market update showed 1,178 properties sold for just over $793.4 Million during June for the North Port, Sarasota, and Bradenton areas. Like the rest of Southwest Florida, inventory saw a significant increase, up by 109 percent compared to the same time last year. However, it is important to note inventory was extremely low last year. Therefore, although we have more supply, the greater Sarasota area ended the month with less than a 2 months’ supply of properties for sale. A healthy market would be at least 6 months.

While we are starting to see demand slow a bit, how much of it is due to seasonality and how much is due to demand is difficult to determine. The median sales price for single-family homes rose 25 percent and condos rose 34.4 percent over the same time last year. While the analysts expect home appreciation to slow, we’ve yet to see that reflected in the numbers. So, if supply remains at these levels, prices will continue to rise.

Also, we have fielded several questions from potential home buyers about the impact of rising interest rates on the real estate market. Certainly, there will be homebuyers impacted by the rate increases, the question is how much of the market do they represent in Southwest Florida?

The answer will be different depending on location and the price point. Resort towns which are a prime destination for vacation home buyers who are well-to-do will be less impacted as they are more likely to pay cash for a home. A good example is Sarasota County which saw 56 percent of the real estate transactions in June posted as cash sales.

Whether you are buying or selling a home, it is important to keep track of local market trends. If you have questions about a specific area or neighborhood, contact us for more information.

Sarasota Housing Market Update – Single Family Homes

June 2022 versus June 2021 Single Family Home Highlights:

• Closed sales decreased 26.9 percent going from 1,097 transactions down to 802 sales.
• Pending sales decreased 25.3 percent down from 822 last June versus 614 this June.
• Inventory rose 123.2 percent up to 1,377 properties for sale compared to this same time last year when just 617 homes were for sale.
• New listings increased from 915 up to 1,091 which was a 19.2 percent increase.
• Median days on market fell to 7 days which was up from 6 days during last June.
• Available inventory of single-family homes ended May with 1.7 months’ supply of homes available for sale which was up 142.9 percent increase over this time last year.

With the low supply and high demand, sellers continue to have the advantage in the Sarasota housing market. Yet, this market will not last forever. If you are considering selling, contact us today for a complimentary market analysis. Call, email or text us today – 239.370.0892.

If you are considering buying a property, now may be a  suitable time to start watching for properties which meet your criteria. New listings are hitting the market every day, we can help you with automatic property alerts.

Sarasota Housing Market Update – Condos and Townhomes

June 2022 versus June 2021 Condo Highlights:

• Condo sales decreased 34.6 percent going from 575 real estate transactions down to 376 sales.
• Pending sales decreased 23.5 percent down from 404 last June to 309 this June.
• Inventory increased 104.6 percent up to 577 condos for sale compared to last June when there were only 282 units for sale.
• New listings increased from 386 up to 491 which was a 27.2 percent increase.
• Median days to contract was 7 days which was down from 8 days last year.
• Available inventory of condos ended May with 1.5 months’ supply of properties available for sale which was a 150 percent increase.

Between closed sales and pending sales, inventory remains extremely low despite the new listings added. As a result, the median sales price continued its upward trend, ending the month with a 34.4 percent increase year-over year. Like single-family homes, as long as inventory remains low, prices will continue to rise.

Bottom line, it remains a seller’s market for both condos and single-family homes. So now would be a great time to cash in on the high buyer demand. You might be surprised to learn how much your home is worth in today’s market. What is my home worth…

Whether you are buying or selling we have real estate specialists who cover the Gulf Coast from Sarasota to Naples, so if you are considering moving to the area, contact us for more information.

Sarasota Real Estate Market Reports

Naples Golf Guy Monthly Newsletter – NEW!

2022 Sarasota Housing Market Update – Single-Family Homes

2022 Sarasota Housing Market Update – Condos and Townhouses

Begin Your Own Search for a Southwest Florida Vacation Home or Second Home:

If you are ready to begin your search for your dream home or condominium in Southwest Florida, we encourage you to explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate.

July 23rd, 2022, Posted by NaplesGolfGuy