Bay Colony Naples, Florida Update

Good Morning Friends!

It’s time for a Bay Colony Naples, Florida update! Let’s get started.

Bay Colony is currently at 17 months of inventory but with the most recent success, Bay Colony could be approaching closer to stable levels soon. That won’t come without a price. The average pending list price is 6% less than what remains listed suggesting the number of buyers willing to paying last year’s prices for something they have to completely re-do is dwindling.

Bay Colony Naples, Florida real estate stats:

• 34 Active
• 10 Pending
• 24 Sold (past 12 mo.)
• Average List/foot: $1,151
• Average Pending/foot: $1,076
• Average List Price Closed/foot $962
• Average Closed Price/foot $894

If the Bay Colony property is priced well, it sells. There is a fair amount of buyers hovering over the community right now watching prices and waiting for reductions on what they perceive are overvalued properties. When a good deal hits the market, they will strike. A unit in Biltmore went under contract in just 4 short days on the market. It was on a floor with a good view but was priced barely under $1,300/foot. I knew it would go fast and it did.

There is still a big demand for properly priced re-modeled property. Take the penthouse in Marquesa that went under contract in less than 6 short days on the market. It was unique and fabulously remodeled and will likely sell for a record price in the building. While it will be a record price, it wasn’t so far out of the realm of reality for buyers hence the short market time.

Bay Colony Snapshot

Bay Colony Shores 
Listings= 3
Pending= 1
Closed Past Year= 2
Average Sales Price= $3,900,000
Average Days On Market= 182

Biltmore Bay Colony
Listings= 4
Pending Sales= 1
Closed Past Year= 3
Average Sales Price= $5,616,667
Consecutive Days On Market= 329

Brighton Bay Colony
Listings= 3
Pending Sales= 0
Closed Past Year= 1
Average Sales Price= $4,795,000
Consecutive Days On Market= 205

Carlylse Bay Colony
Listings = 2
Pending Sales = 0
Closed Past Year = 0
Average Sales Price= 0
Average Days On Market= 175

Contessa Bay Colony
Listings = 2
Pending Sales = 2
Closed Past Year = 3
Average Sales Price= $3,666,667
Average Days On Market= 58

Mansion La Palma 
Listings = 0
Pending Sales = 0 Same
Closed Past Year = 1
Average Sales Price= $1,200,000
Average Days On Market= 37

Marquesa Bay Colony 
Listings = 3
Pending Sales = 3
Closed Past Year = 0
Average Sales Price= $0
Average Days On Market= 100

Remington Bay Colony 
Listings = 2
Pending Sales = 1
Closed Past Year = 1
Average Sales Price= $3,800,00
Consecutive Days On Market= 180

Salerno Bay Colony
Listings = 1
Pending Sales = 1
Closed Past Year = 5
Average Sales Price= $1,964,500
Average Days On Market=70

Strand Bay Colony
Listings = 2
Pending Sales = 0
Closed Past Year = 0
Average Sales Price=
Consecutive Days On Market= 736

Toscana Bay Colony
Listings = 2
Pending Sales = 0
Closed Past Year = 7
Average Sales Price= $2,024,857
Average Days On Market= 104

Trieste Bay Colony 
Listings = 5
Pending Sales = 1
Closed Past Year = 2
Average Sales Price= $2,537,500
Average Days On Market= 124

La Palma Bay Colony
Listings = 1
Pending Sales = 0
Closed Past Year = 1
Average Sales Price= $2,600,000
Consecutive Days On Market= 387

Vizcaya Bay Colony 
THERE’S A DEAL HERE
Listings = 4
Pending Sales = 0
Closed Past Year = 1
Average Sales Price= $3,200,000
Average Days On Market= 383

Windsor Bay Colony
Listings = 3
Pending Sales = 1
Closed Past Year = 0
Average Sales Price= $0
Average Days On Market= 286

Buyers: If you’re thinking about buying a Bay Colony condo,  Bay Colony home or Bay Colony villa this summer you might want to do it sooner than later. Over the course of the last few years many Bay Colony properties go off the market til 4th quarter and choices can slim down considerably. If you can’t make it down, I can always help you understand the property and protect your interest. , call me. Don’t be afraid to negotiate. Even though there’s a 6% discount on average, some owners will negotiate more even if their motivation isn’t evident from the list price. You can see from the past Bay Colony Sales to get a better insight of how the market works.

Sellers: Did you miss my newsletter this week? Contact me and I’ll send it to you.

Have questions about Bay Colony or any other Naples beachfront locations? Call me!

Best Regards,

Shannon Lefevre, PA
Your Naples Smart Girl!
239-595-6223