New Study Reveals One Surprising Reason for the Inventory Shortage

Are millennials really the only reason for the nationwide inventory shortage? There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate.

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2019 Lee County March Real Estate Review

The 2019 Lee County March Real Estate reports show the market is currently balanced with 6.7 months supply of inventory for single-family homes. Additionally, inventory for single-family homes increased by double digits in March of this year compared to March of last year. However, closed sales for both condos and single family homes were lower than last March.  Yet, there is still a significant amount of activity with a total of 1,872 properties sold during the month in Lee County.

2019 Lee County March Real Estate Activity for Single Family Homes

2019 Lee County March Real Estate Highlights for Single Family Homes:

• Closed sales decreased 4.4 percent down to 1,224 from 1,228 homes sold
• Inventory Increased 12.1 percent up to 6,994 compared to the last year when there were 6,238 homes for sale
• Median days to contract increased to 72 days which represented a 22 percent increase
• Median sales price fell to $250,400 from $260,00 which was a 3.7 percent decrease over last year
• The total months’ supply of inventory increased by 6.7 percent compared to March of last year

Overall, the single-family market in March was balanced.  There is a healthy level of inventory as well as the number of homes sold during the month. Since there are plenty of homes to choose from, homebuyers are taking their time making purchasing decisions. This is evident by the increase in the number of days to contract increasing by 22 percent.  We expect this to change in April as we approach the end of season and buyers will move forward and buy their dream home.  And, if you are selling your home, be sure you’ve spoken with your realtor about the price level and homes recently sold in your area. It’s critical you are priced right if you want to sell before summer begins.

2019 Lee County March Real Estate Activity for Condos

2019 Lee County March Real EstateHighlights for Condos:

• Closed sales decreased 15.7 percent down to 648 from 769 condos sold
• Inventory rose 7.4 percent up to 3,969 compared to the previous year when there were 3,697 condos for sale
• Median days on the market decreased to 96 days which represented a 4 percent decrease
• Average sales price decreased slightly, 4.6 percent to $242,731 from $253,979 last year
• The total months’ supply of inventory increased by 5.7 percent compared to March of 2018

Overall, the condo market is still in a healthy range.  Although condo sales in March were down double digits compared to the same time last year, both the average sales price and median sales price increased for the month.  This is a great sign for sellers who are still capturing their home appreciation. It also means sellers are pricing their homes appropriately. On the flip side, with inventory increasing by 7.4 percent for the month we are starting to approach a buyers market for condos. A healthy market is typically a 6-7 month supply of inventory.  We are headed towards the 8 percent level which would push us into a buyers market. If you are selling a condo, with the increased inventory you should make sure you price your home accurately to maximize your return on investment (ROI).

For information about a specific community or home contact us today for more information.

View More 2019 Lee County March Real Estate Market Reports:

Lee County March Real Estate Single Family Home Statistics

Lee County March Real Estate Single Family Home Statistics

B.E.A.R Bonita Springs and Estero Market Report

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Will Your Dream Home Need Some TLC?

If you are looking for your dream home, you may need to consider buying a home which needs a little TLC (Tender Loving Care). According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value!

April 23rd, 2019 Posted by Matt

Selling Your House: Here’s Why You Need A Pro In Your Corner!

If you are considering selling your home, you need a home pro in your corner! With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional.

Real estate agents are trained and experienced in negotiations. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Private Golf Club Homes and Condos

View the best southwest private golf club homes and condos for Sale in Naples, Bonita Springs, and Estero! Florida has seen a record number of visitors this season. Although we typically consider season over after Easter, we still have a significant amount of people still in the area looking for Golf Club Homes and Condos.

Also, not only are their significant tax advantages (did I mention there is no state income tax?), we also have perfect weather and an abundance of outdoor activities, shopping, and dining to suit everyone’s lifestyle.  So, whether you are considering relocating to our area or you are looking to buy your dream retirement home, a second, third or fourth home, check out some of the Best Golf Club Homes and Condos in Southwest Florida Golf Communities on the market today!

Quail Creek Mansion – 13323 Rosewood Lane – (Coming Soon!)

Single Family Home (Naples)

8 Beds + Den and 12.5  Baths

19,141 Sq. Ft.

Built 1991

Private Naples Golf Community- 36 holes – Upfront Initiation Fee

(More about Quail Creek) – (Quail Creek Single Family Homes)

Bonita Bay West – 4991 Bonita Bay W. – $6,750,000

Luxury Golf Condo (Bonita Springs)

5 Beds and 5.5 Baths

6,455 Sq. Ft.

Built 2021 (New Construction) More about New Construction

Private Bonita Springs Golf Community – 5 golf courses – Upfront Initiation Fee

(More about this Property) (More about Bonita Bay West) – (Bonita Bay West Single Family Homes) – (Bonita Bay West Condos)

Mediterra – 16987 Cortile Drive – $4,250,000  (Sold!)

Single Family Luxury Golf Home (Naples)

5 Beds and 5 Baths

5,285 Sq. Ft.

Built 2017 (New Construction) More about New Construction

Private Naples Golf Community – 36 homes – Upfront Initiation Fee

(More about Mediterra) – (Mediterra Single Family Homes) – (Mediterra Condos)

Miromar Lakes – 18104 Via Portofino Way – $3,225,000

Single Family Luxury Golf Home (Estero)

4 Beds and 4 Baths

4,266 Sq. Ft.

Built 2016 (New Construction) More about New Construction

Private Miromar Lakes Golf Community – 18 holes – Upfront Initiation Fee

(More about this property) –  (More about Miromar Lakes) – (Miromar Lakes Single Family Homes) – (Miromar Lakes Condos)

The Colony – 23841 Tuscany Ct. – $2,650,000  More about The Colony Lifestyle

Single Family Luxury Golf Home (Bonita Springs)

5 Beds and 6.5 Baths

7,080 Sq. Ft.

Built 2002

Private Bonita Springs Golf Community – 18 homes – Upfront Initiation Fee

(More about this property) – (More about The Colony) – (The Colony Single Family Homes) – (The Colony Condos)

Talis Park – 16373 Corsica Way – $2,695,000 More about New Construction

Single Family New Construction Home (Naples)

4 Beds and 5 Baths

4,576 Sq. Ft.

Built 2018

Private Naples Golf Community – 18 homes – Upfront Initiation Fee

(More about this property) – (More about Talis Park) – (Talis Park Single Family Homes) – (Talis Park Condos)

Quail West –  4141 Cortland Way – $2,350,000

Single Family Luxury Home (Naples)

4 Beds and 4.5 Baths

4,215 Sq. Ft.

Built 2013

Private Naples Golf Community – 36 holes – Upfront Initiation Fee

(More about this property) – (More about Quail West) – (Quail West Single Family Homes)

Gulf Shore Blvd. – 10525 Gulf Shore Blvd#253  – $1,400,000

Condo (Naples)

3 Beds 2 Baths

1,594 Sq. Ft.

Built 1978

non-golf community

(More about this property)

Grey Oaks – 2089 Torino Way  – $1,399,000   More about Grey Oaks Lifestyle

Single Family Home (Naples)

3 Beds + Den and 3.5 Baths

3,032 Sq. Ft.

Built 2016

Private Naples Golf Community – 3 golf courses – Upfront Initiation Fee (Equity Memberships Available)

(More About This Property) – (More about Grey Oaks) – (Grey Oaks Single Family Homes) – (Grey Oaks Condos)

Treviso Bay – 9663 Lipani Ct. – $1,199,999

Single Family Home (Naples)

3 Beds and 4 Baths

3,659 Sq. Ft.

Built 2016

Private Naples Golf Community – 18 holes – Bundled Membership

(More About this Property) (More about Treviso Bay) – (Treviso Bay Single Family Homes) – (Treviso Bay Condos)

Lely Resort – 7405 Bryons Way – $974,000

Single Family Home (Naples)

4 Beds plus Den and 4.5 Baths

3,189 Sq. Ft.

Built 2010

Private and Public Naples Golf Community – 3 golf course – Upfront Initiation Fee or Pay as you Play

(More about Lely Resort) – (Lely Resort Single Family Homes) – (Lely Resort Condos)

Grey Oaks – 2426 Terra Verde Ln. #2426  – $885,000 (Pending Contract!)

Condo (Naples)

3 Beds and 3 Baths

2,434 Sq. Ft.

Built 1999

Private Naples Golf Community – 3 golf courses – Upfront Initiation Fee (Equity Memberships Available)

(More about Grey Oaks) – (Grey Oaks Single Family Homes) – (Grey Oaks Condos)

Twin Eagles – 12664 Kinross Lane, Naples FL 34120 – $499,000 (Contract Pending!)

Single Family Home (Naples)

3 Beds + Den and 2  Baths

2,172 Sq. Ft.

Built 2015

Private Naples Golf Community- 36 holes – Bundled Golf Community

(More about this Property) – (More about Twin Eagles) – (Twin Eagles Single Family Homes) – (Twin Eagles Condos)

Pelican Landing at Pelican’s Nest – 24361 Sandpiper Isle Way #404 – $449,000 (Contract Pending!)

Condo (Bonita Springs)

3 Beds and 3  Baths

2,540 Sq. Ft.

Built 19962015

Private Bonita Springs Golf Community- 36 holes – Upfront Initiation Fee

(More about Pelican’s Nest) – (Pelican Nest Single Family Homes) – (Pelicans Nest Condos)

Palmira – 14511 Bellino Terrace #201  – $374,900

Condo (Bonita Springs)

3 Beds + Den and 2.5  Baths

2,297 Sq. Ft.

Built 2006

Private Bonita Springs Golf Community- 27 holes – Bundled Private Golf Community

(More about Palmira) – (Palmira Single Family Homes) – (Palmira Twin Eagles Condos)

Bonita National – 28012 Bridgetown Ct. #4925– $266,000 (Closed!)

Condo (Naples)

2 Beds + Den and 2  Baths

1,366 Sq. Ft.

Built 2019 (New Construction) More about New Construction

Private Bonita Springs Golf Community- 27 holes – Upfront Initiation Fee

(More about Bonita National) – (Bonita National Single Family Homes) – (Bonita National Condos)

Foxfire Country Club – 308 Foxtail Ct. #308 – $242,500 (Just Listed!)

Condo (Bonita Springs)

2 Beds and 2  Baths

1,295 Sq. Ft.

Built 1986

Private Bonita Springs Golf Community- 27 holes – Bundled Golf Community

(More about this property) (More about Foxfire) – (Foxfire Single Family Homes) – (Foxfire Condos)

Vasari – 10102 Biscayne Bay Lane – $200,000

Condo (Bonita Springs)

2 Beds and 2 Baths

1,524 Sq. Ft.

Built 2003

Private and Public Naples Golf Community – 18 holes – Bundled Golf Community

(More about Vasari) – (Vasari Single Family Homes) – (Vasari Condos)

Begin Your Own Search for Southwest Florida Golf Club Homes:

April 22nd, 2019 Posted by Matt

Luxury Private Golf Club Real Estate

Looking for real estate trends for a luxury private golf club in Southwest Florida? If so, you have found the right source of information.  There are over 150 golf communities in our area and it can be a challenge to pick the right one.

Whether your searching for information on golf communities in Naples, Bonita Springs, Estero or Fort Myers, below you will find highlights for the latest real estate statistics for single family golf homes and golf condos in multiple southwest Florida luxury golf communities.

Southwest Florida Luxury Private Golf Club Trends – Single Family Homes

Audubon Country Club – 33 properties for sale, 25 properties closed over the past 12 months and average sales price $988,232

Bonita Bay – 38 properties for sale, 81 properties closed over the past 12 months and average sales price $1,153,702

Collier’s Reserve – 19 properties for sale, 19 properties closed over the past 12 months and average sales price $1,210,684

Grey Oaks – 53 properties for sale, 44 properties closed over the past 12 months and average sales price $2,157,483

Kensington – 11 properties for sale, 15 properties closed over the past 12 months and average sales price $1,002,250

Lely Resort – 105 properties for sale, 104 properties closed over the past 12 months and average sales price $650,936

Mediterra – 63 properties for sale, 42 properties closed over the past 12 months and average sales price $2,316,664

Olde Cypress – 24 properties for sale, 35 properties closed over the past 12 months and average sales price $793,783

Palmira – 33 properties for sale, 31 properties closed over the past 12 months and average sales price $566,013

Pelican Bay – 41 properties for sale, 45 properties closed over the past 12 months and average sales price $2,372,782

Pelican Bay (Bay Colony) –  14 properties for sale, 3 properties closed over the past 12 months and average sales price $3,066,667

Pelican Landing – 37 properties for sale, 51 properties closed over the past 12 months and average sales price $785,126

Pelican Landing (The Colony) – 14 properties for sale, 5 properties closed over the past 12 months and average sales price $1,331,000

Pelican Marsh – 41 properties for sale, 40 properties closed over the past 12 months and average sales price $1,244,585

Pelican Sound – 1 property for sale, 9 properties closed over the past 12 months and average sales price $594,167

Quail Creek – 20 properties for sale, 23 properties closed over the past 12 months and average sales price $1,129,133

Quail West – 75 properties for sale, 67 properties closed over the past 12 months and average sales price $1,947,981

Shadow Wood – 53 properties for sale, 65 properties closed over the past 12 months and average sales price $868,018

Talis Park – 21 properties for sale, 20 properties closed over the past 12 months and average sales price $2,342,884

Tiburon – 9 properties for sale, 2 properties closed over the past 12 months and average sales price $1,992,326

Vineyards – 47 properties for sale, 72 properties closed over the past 12 months and average sales price $626,497

West Bay Club – 18 properties for sale, 21 properties closed over the past 12 months and average sales price $1,250,476

Southwest Florida Luxury Private Golf Club Trends – Condos

Bonita Bay – 92 properties for sale, 118 properties closed over the past 12 months and average sales price $632,921

Grey Oaks – 5 properties for sale, 12 properties closed over the past 12 months and average sales price $1,089,375

Kensington – 12 properties for sale, 31 properties closed over the past 12 months and average sales price $436,953

Lely Resort – 180 properties for sale, 154 properties closed over the past 12 months and average sales price $303,281

Mediterra – 12 properties for sale, 18 properties closed over the past 12 months and average sales price $570,778

Olde Cypress – 1 property for sale, 5 properties closed over the past 12 months and average sales price $442,500

Palmira – 20 properties for sale, 20 properties closed over the past 12 months and average sales price $326,288

Pelican Bay – 176 properties for sale, 235 properties closed over the past 12 months and average sales price $918,376

Pelican Bay (Bay Colony) – 26 properties for sale, 33 properties closed over the past 12 months and average sales price $3,093,242

Pelican Landing – 50 properties for sale, 61 properties closed over the past 12 months and average sales price $328,781

Pelican Landing (The Colony) – 74 properties for sale, 41 properties closed over the past 12 months and average sales price $805,259

Pelican Marsh – 64 properties for sale, 83 properties closed over the past 12 months and average sales price $388,103

Pelican Sound – 18 properties for sale, 64 properties closed over the past 12 months and average sales price $314,537

Shadow Wood – 22 properties for sale, 29 properties closed over the past 12 months and average sales price $318,976

Talis Park – 25 properties for sale, 14 properties closed over the past 12 months and average sales price $896,508

Tiburon – 19 properties for sale, 35 properties closed over past 12 months and average sales price $899,842

Vineyards – 116 properties for sale, 126 properties closed the over past 12 months and average sales price $377,441

West Bay Club – 5 properties for sale, 25 properties closed over the past 12 months and average sales price $608,060

Overall, the latest real estate trends for a luxury private golf club community in Naples, Bonita Springs, Estero show the market for luxury properties continues to soften.  There is no doubt it is a buyers market.  With a handful of exceptions, the months of supply of housing inventory has moved well above the 6-7 month healthy market range. However, each community varies.  For example, West Bay only has 5 condos on the market and only 2.4 months supply of inventory which is pretty limited which means there will be less room for negotiating a lower price.

Bay Colony at Pelican Bay, on the other hand, has increased from a 39 month supply of inventory for single-family homes up to 56 months which is the highest supply of inventory in a Luxury Golf Community in Naples.  So, if your a luxury home buyer, now would be the time to look at property in Bay Colony since a large number of months worth of supply means there should be room for negotiating a great price. Contact me today to help identify the best Southwest Florida golf communities for you and your family to consider to get the best return on your investment.

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.

More Articles About Southwest Florida Real Estate Trends

Naples Real Estate Trends

NABOR March 2019 Market Statistics

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Pelican Landing Condo Under Contract!

A fantastic couple I’ve been working with just went to contract on this beautiful Pelican Landing Condo with three bedrooms and three bathrooms in the Sandpiper Isle neighborhood!  This turnkey furnished end unit condo is luxurious throughout. From Brazilian hardwood floors, new stainless steel appliances, granite countertops, and vaulted ceilings you would be amazed the second you walked through the door! And you just can’t beat the location and view which overlooks an expansive lake with fountains.

24361 Sandpiper Isle Way #404 Bonita Springs, Florida 34134

More About Pelican Landing:

Pelican Landing is a gated community located in Bonita Springs Florida. World class amenities provide you with a luxury lifestyle which is hard to beat.  Located within the community is Pelican’s Nest, a private golf club, which includes two championship 18-hole golf courses designed by Tom Fazio. In addition to luxury golf, residents have access to a private beach park only accessible by water taxi, a state of the art fitness center, lighted tennis courts, pickleball, and a canoe and kayak park.  Finally, it is one of the few golf communities which also has private boat slips with access to the Gulf of Mexico.

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5 Reasons to Sell Your House This Spring

As a homeowner in Southwest Florida should you sell your house now or wait to until season to list your home? Here are 5 powerful reasons why selling your house this spring makes sense. Let’s get together today to discuss how we can market your home this season!

April 20th, 2019, Posted by Naples Golf Guy

Foxfire Condo Just Listed!

Come enjoy the view and relax in your first floor Foxfire Condo in a fantastic bundled golf community. This Foxfire Country Club condo has a beautiful view overlooking the 4th hole on the Blue course. Colorful custom landscaping greets you when you walk through the gate to your front door. Sliding glass doors have been added on the lanai so you can enjoy more space inside while still being able to open the sliders and enjoy the breeze and view. Additionally, this unit has brand new carpet throughout and newer appliances await you once inside.  Finally, foxfire residents have easy access to great amenities including an 27-hole golf course, tennis courts, bar and restaurant, community pool, fitness center, security gate, and much more.

Foxfire Condo – 308 Foxtail Ct. #3-308, Naples FL 34104 – $242,500

More About This Foxfire Condo:

MLS #: 219026702

First Floor

Bedrooms: 2

Bathrooms: 2

Square Feet: 1,295, Total SF: 1,425

View more photos…

For a private tour of this Foxfire Condo which is new to the market, contact Mike at 239-777-8870 or Mike@NaplesGolfGuy.com

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