Aug. 25, 2014
Naples FL low inventory for bay view condos in Park Shore & Moorings
Located in the heart of Naples FL, Park Shore and Moorings are two of the most prestigious waterfront and beachfront communities in Naples FL. Homes for sale in Park Shore can be in the millions and boast great, wide views of the Naples Bay, have their own pools, boat docks and are close to some of the finest restaurants and shopping centers Naples has to offer. Condos for sale on the beach in Moorings and Park Shore can have fabulous Gulf of Mexico views and private beach access and others can boast bright Eastern views of the Naples Bay and appeal to many boaters who can dock their vessels right in their backyard. Waterfront properties in Naples FL have always been in high demand and this year proves it.
There is no secret that at this point, in August 2014, the inventory is lower comparable to the previous years and we are heading slowly but steadily into a seller’s market. One of the main types of real estate properties in Naples FL, Naples Bay condos, is particularly low. There are currently only 28 bay front condos for sale in Naples FL ranging from $277,000 to $1,795.000. The number of Naples bay view condos that changed owners has increased as we’re heading towards the season, bringing the number of Naples bay front closed sales to 58 from January 1st to the current date.
A natural effect of the decreased inventory will be a higher competition among buyers, more firm sellers and a very possible increase in prices. Expect new prices to be slightly higher than comparable sales in the previous months, which can create a difficulty for those seeking financing through a conventional loan. See a statistical graphic of this year below
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Posted in Beach Property, Boating Communities, Condos, Waterfront Property