Bay Colony Forecast Season 2024-2025

Good Day, Naples Friends. Today, I’m covering the second edition of my Naples real estate forecast series for the 2024-2025 season. I’ll illustrate what is in store for buyers and sellers of Bay Colony and what it may mean to you if you attempt to transact in this tropical locale this season. Here’s what I’m covering:

Inventory Levels and Forecast
Strengths in the Market
Potential Challenges
Buying In Bay Colony
Selling in Bay Colony

Inventory in Bay Colony

There are currently 17.6 months of inventory in Bay Colony. While that sounds seriously oversupplied (because it is), this sounds dramatically better than last season’s peak of 42 months, recorded during the third week of March 2024. Even though there’s even more shadow inventory in Bay Colony than in Aqualane Shores, the most we may see this upcoming season is 37 months. That’s remarkably better than last season’s high!

Inventory Levels By Subdivision

Subdivision	Current Inventory	Projected Inventory
Bay Colony Shores	7 Years	11 Years
Biltmore at Bay Colony	1 Year	1 Year
Brighton at Bay Colony	1 Year	1 Year
Carlysle at Bay Colony	0	1 Year
Contessa at Bay Colony	1 Year	3 Years
Estates at Bay Colony	0	6
Mansion La Palma	0	1 Year
Marquesa at Bay Colony	3 Years	3 Years
Remington at Bay Colony	4 months	8 months
Salerno at Bay Colony	20 months	20 months
Strand at Bay Colony	3 Years	6 Years
Toscana at Bay Colony	1 Year	1.5 Years
Trieste at Bay Colony	3 years	5 Years
Villa La Palma at Bay Colony	0	4 Years
Vizcaya at Bay Colony	0	4 years
Windsor at Bay Colony	0	0

Strengths in the Market

Like Aqualane Shores, the Bay Colony area was also impacted by Hurricane Ian. Now that we are approaching the two-year anniversary, I’m betting our beach enthusiasts will start purchasing closer to the beach. New preparation plans are in place to minimize loss, and Bay Colony will likely be better prepared going forward than they ever were historically. Additionally, Bay Colony once again looks utterly untouched by any past damage. Lush tropical landscaping makes it nearly impossible to remember the scar Ian left.

Lower Prices

Price per foot values are already down 8% compared to what was sold during the past 12 months. Bay Colony owners are still adjusting prices for the upcoming season. Four single-family homes in Bay Colony Shores have already dropped prices by one million dollars or more to attract buyers. 65% of the Bay Colony market has responded to softer market conditions with a price reduction, and quite frankly, we’re more than likely to see more adjustments as new owners decide to start marketing competitively with what’s already available.

Better pricing is great news for buyers, especially after this past season of stubbornness. Only four properties were sold during the peak season of 2024, and owners did little to spur selling activity. Now that realizing a softer market is easy to see on paper, we’ll be able to quickly determine who’s motivated to sell and who isn’t.

Buyers, do not rest on your laurels. Buyers often see prices falling and then get into a holding pattern until prices reach values they deem worth attention. However, some of the best deals are cut at the negotiating table. Also, pay attention to price reductions and what’s hitting the market. I’ve had a couple of buyers quickly reject opportunities due to a perception of being too expensive, but after showing them the value, they changed their minds. Ask me about the properties you’re considering. I will tell you if I think it’s overpriced and SHOW you if I think it’s a good value and why!

Interest Rate Drop

If you think interest rates don’t affect the Bay Colony market much, hold my beer. Just because Bay Colony buyers don’t have to make their offer contingent upon obtaining financing doesn’t mean they aren’t obtaining financing! Higher interest rates have dampened home purchases nationwide, and Bay Colony isn’t exempt. Few things will cause a market to stall more than the threat of decreasing the interest rate. Read that again. I mean that when the Fed threatens to drop rates, everybody waits. When they cut rates, everybody starts talking about offers again. We should know what’s up in the next day or so. If they drop, we should see more activity if the cut is shared with consumers.

Potential Challenges

Political Drama

I don’t remember a time in politics when real estate would be more affected. One side is real estate friendly. One side isn’t. Fortunately, we should know by November what we’re dealing with. Until then, I think it’s more of a waiting game. I’ll tell you this: buyers didn’t want to do anything last time Trump was running. It was a complete stall at the end of 2016, and all my prospective buyers were almost positive Hillary would get into office. They waited until the election. Once the election was over, nobody could believe what happened, and it took until January for people to get excited about purchasing again. Then, all hell broke loose. Lots of real estate traded hands that year. Get on your mark!

Buying in Bay Colony?

Buying a Bay Colony property through me offers a unique advantage grounded in 28 years of real estate expertise and a compelling statistic: 83% of buyers who purchased through me in Bay Colony are still residents today. This impressive retention rate underscores my ability to match buyers with their ideal homes and the lasting satisfaction and value they find in their properties. My extensive experience ensures a thorough understanding of Bay Colony’s market trends and neighborhood nuances, allowing me to guide you to a home or condo that meets your long-term needs. I provide insightful, personalized service, from identifying properties with the right features to negotiating the best terms. When you buy with me, you benefit from a track record of happy homeowners who have found their perfect match and continued to thrive in Bay Colony. Your investment in this community is backed by my proven success and dedication to your satisfaction.

Selling in Bay Colony?

Listing your property with me means leveraging 28 years of industry expertise and a flawless 100% sell rate track record in Bay Colony. My extensive experience ensures a deep comprehension of market dynamics, allowing me to position your property optimally to attract the highest of qualified buyers. My commitment to personalized service means you’ll receive tailored strategies highlighting your property’s unique features, maximizing its appeal. My proven track record reflects success and a dedication to delivering results. With my extensive knowledge and strategic approach, I handle every aspect of the sales process meticulously, from pricing and marketing to negotiations and closing. Trusting me with your property means partnering with a seasoned professional committed to achieving your best possible outcome. Your satisfaction is my priority; my track record speaks to my ability to deliver on that promise.

In Closing

I hope you enjoyed my Bay Colony 2024-2025 real estate forecast. If you missed it, check out my forecast on Aqualane Shores! As always, if you have questions about your area or need Naples real estate assistance, contact me today!

Best Regards,

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

Bay Colony Forecast Season 2024-2025