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Shannon Lefevre Naples, Florida CRS

Naples, Florida Real Estate Trends...The Latest-Purchasing-Site Unseen

Anyone spending anytime in real estate learns quickly that everything trends. If one person is looking for a beach front condo...3 more people are contacting me about the same thing. Pelican Bay and Bay Colony is trending hot right now as far as that goes but this post isn't about Where Naples, Florida buyers are purchasing. This post is more about How Naples, Florida buyers are purchasing.

Site-unseen offers were something we saw back in 2005 when everything was hot, hot, hot when properties were on the market for mere minutes compared to days and months so site-unseen offers were more of a necessity compared to today. What's curious though is I just wrote two site-unseen offers this week for similar reasons.

Buyer "A" is purchasing in Bay Colony.

Buyer "B" is purchasing in Pelican Marsh.

 Both buyers are exceptionally intelligent. One is a CEO for a large company in Canada, the other a Hot Shot Attorney from PA. What's even more curious about that is the fact that their confidence in Naples, Florida real estate is obviously quite high especially compared to last year when nearly everyone seemed to stare at each other afraid to make a move on anything.

Now all elements are not quite the same. The attorney is calling all the shots (as smart attorneys do) and although the negotiations haven't gone as smooth as they should...for ridiculous reasons I might add...he's remained very level and precise through the whole thing. Don't get me wrong...he's not like some people who come in, fall in love and roll over. I doubt this guy has ever rolled over but he's not getting an attitude over it either. Based on the circumstances the absence of attitude is admirable. He's pretty cool and I am lucky to have attracted his attention from my website!

 On the other hand, the super smart CEO and super smart CEO's wife are a little more inquisitive. First, they wanted to double check everything with their attorney up there and then again with the one they hired down here, who by the way is my absolute favorite real estate attorney in town. He is so smart and trust me, you would not want to appear in court with him representing the other party. So back to Mr. & Mrs. CEO, they know the building and more so than that I think they also know that the unit they're interested in is HOT HOT HOT and it's doubtful it will be on the market much longer.

Purchasing site-unseen isn't necessarily a requirement for every area in Naples right now but many sellers aren't going to allow you to hold their property up during season while you take several days to get down here and accept the property. If the property you're interested in is in a great location and is priced to sell, it might be something your should strongly consider. The more you know about the area, the easier it should be for you and considering the fact that inspections can take a lot of the uncertainty out of property condition along with the fact that I can forward oodles of pictures in a flash for your further review...it's a little easier to make those decisions today. Some of the smartest people I've ever worked with have purchased that way...hmmm another trend....

 Will either one of the offers work? Nothing is final but they were both intelligently written...duh...I wrote them and I got an A+ from the attorney down here who did the review. (Getting an A+ from that guy is always a super high-five in my book) So I imagine they will. I have a stronger feeling on the bigger one than I do with the smaller one but we've all learned to not count our chickens. Regardless...the buyer's want to buy and there's inventory to accommodate. Another nice new trend in Naples, Florida real estate.

Now For A Few Tips To Sellers and Listing Agents:

  • Please don't play hard to get. You have too much competition to play that card right now.
  • Please return your phone calls and counter-offers in a timely manner. Abusing a buyer's interest (although not a sin in the bible) is a sin in Shannon's Real Estate Encyclopedia.
  • Please control you seller. Lazy one bump negotiations and super inflexible counter-offers will only end in heartache for you and your client.
  • Seller's Please Take Special Note: Both of these buyers came from my website. If you're not featured there then how will you know for sure they know your home exists?

Thanks for reading and have a great weekend! :)


Pelican Bay Sales Statistics Don't Lie - Neither Do I!

The calls and emails regarding Pelican Bay homes and Pelican Bay condos continue at a steady rate most of  which are still beginning with "I want a deal". I've had the following conversations with countless people lately and it continues to be a hard conversation with buyer's not quite believing what I have to say based on all of their news they've gathered from various news sources across the county. This post was written for not one buyer in mind but four to help me get some valid points conveyed.

If you too are looking for a Pelican Bay deal. DO NOT DELAY!

Here are some more examples of Pelican Bay's best deals now pending contract or recently sold:

 Avalon at Pelican Bay:
What I considered to be the best deal in Pelican Bay just went under contract with a list price of $350,000. It was reduced from $375,000 On February 1, 2008. Pended contract on February 6, 2008.
Next one available is $399,000 - Nearly $50,000 for a smaller unit which backs up to a busy road. The pending unit backed up to a park and was a second floor (bigger) unit.

Barrington Club at Pelican Bay:
A unit sold on December 21, 2007 for $400,000. Next one available is listed for $492,000. That is a $92,000 difference.

Brighton at Bay Colony:
A unit on the 19th floor listed for $2,695,000 went pending on January 22, 2008. It was only on the market 4 days. YES...It was a screaming deal! Another unit on the 10th floor sold on January 15, 2008 for $2,600,000 it too was a screaming deal. The next one available is on the market for $3,295,000 it is on the 7th floor. That folks is a 695,000 dollar difference.

Need more proof?

 Cap Ferrat at Pelican Bay:
A 4th floor unit listed at $1,395,000 went under contract on January 1, 2008 (yes...while some people were nursing a hang-over somebody else was hunting deals). The next Cap Ferrat unit available is on the market for $1,795,000...yes this one is a bigger unit...yes it is on a lower (less desirable) floor and yes...if that New Year's buyer bought it for full price, that is a $400,000 difference!

Carlysle at Bay Colony:
A 3rd floor unit listed at $2,295,000 went under contract on January 2, 2008 (maybe because they were nursing a hang over the day before). They still won because the only other unit available in Carlysle at this time is listed for $4,200,000. Yes it is on the 20th floor and is a bigger unit and yes it is listed at nearly 2,000,000 more than the one under contract right now!

Marbella at Pelican Bay:
Unit 502 closed last December for $795,000. Unit 802 closed for $820,000 last October. Next one available...#204 for $1,245,000 a $425,000 for a less desirable floor...bigger yes...not as great of a view.

Serendipity at Pelican Bay:
One sold January 2nd for $320,000...there's another one (a little smaller) currently available for $450,000...$130,000 more!

Still not convinced?Sorry! Family Game Night Edition

Oak Lake Sanctuary:
Sorry...nothing available. Last unit available sold January 8th...(must've been some party)

Renaissance at Pelican Bay:
Sorry...nothing available. Last unit available went under contract on January 23rd...

Hopefully there's enough examples here for you to get my point.

Let's just assume from now on going forward:

  • Unless you're reading or watching something specifically about Pelican Bay or Bay Colony that perhaps those other real estate related stories don't really count.
  • The most reputable resource regarding Pelican Bay or Bay Colony isn't CNN or MSNBC or FOX or even the Naples newspaper.
  • The most reputable resource might be the real estate agents who are working that market everyday and who are talking to the Pelican Bay and Bay Colony seller's, buyers and the prospective clients who call and email requesting more information and talk about and in fact are writing offers and closing contracts for those properties.
  • I don't lie about what I see, hear or report. Neither is the agent who has had 8 showings on her 2 day old Bay Colony listing or the MLS statistics.
  • I'm too busy to entertain you with inaccurate information.
  • I'm too busy to forward you outdated information.

By the way...some of my most intelligent buyers are getting it.

I expect to write two more great offers tomorrow.

Don't Make It Harder Than It Is!

Why does it seem like everyone is asking questions and hesitating to act these days? Is it for fear of making a mistake...uncertainty...laziness? Come on folks it's not that hard, get on with it and even if you don't have ALL THE ANSWERS or know EXACTLY EACH STEP TO TAKE...TAKE A STEP ANYWAY!

Here are some examples:

ON BLOGGING:

  • I know an awesome real estate agent who says, "I read you blog...I wish I could hire somebody to blog for me". Are you kidding? Whoever she hired could not replicate her personality...which by the way she has a fabulous personality...she does this job nearly everyday, she's intelligent, she can do it...has she started her blog yet? NOPE...this was two weeks ago.

ON WEEKLY REPORTS:

  • I recently wrote a post about weekly reports. (Thank you Jason Crouch for submitting it to be considered for a feature). I received several comments most of which were along the lines of...hey I do that too...or I do that and I also do this...or thanks for the ideas. But I also received a few requests for examples so they could see my format etc. Seriously? It's about the content my friends...not the format although it may help, you are concerned more with the sizzle instead of the steak (as my friend Adam Waldman likes to say) YOU NEED TO BE MORE CONCERNED WITH THE STEAK when it comes to providing a service to your sellers. Leave the sizzle for marketing the property, but when it comes to reporting to our seller's it's all about the meat!!! Our sellers are HUNGRY FOR MEAT not hearing sizzle.

ON BUYING NAPLES, FLORIDA REAL ESTATE:

  • I don't know how it is for anyone else but I do know how it is for me. I'm not going to give you a line of bull so I can "get you to the table". I don't have to...and wouldn't if I did have to. There's not a deal out there worth risking my license or jeopardizing my reputation. This means I'll give you the correct answers and even share my opinions in some cases and just so you know....

 The Best Areas In NAPLES, FLORIDA ARE NOT IN DIRE STRAITS!!! I know you read the papers, I know you watch the news and click around on the internet....I know...all of you are calling me and starting conversations with, "I know I can negotiate in this buyer's market"...and there isn't just one of you or two of you...there are A BUNCH OF YOU and I guarantee they're all not calling me which means there's even more of you who are now actually writing contracts and getting the best Naples deals in our best Naples locations!

My Suggestion to all of you:

Just do it. Stop talking about it, stop thinking about it, stop dragging your feet!!!

Start Writing Your Blogs

Start Writing Your Reports

Buy Your Naples, Florida real estate

Then sit back and listen to those around you say silly stuff like:

Oh I wish I was working with buyers...

Oh I wish my listing hadn't expired...

Oh I wish someone would've told me to get off the fence....

I'm Sorry But That Condo In Pelican Marsh Is Under Contract!

It's starting...the calls from people up north who have been hovering over Naples, Florida waiting for prices to change...are calling on listings they saw at excellent prices that are now under contract.

I wrote a post last week about how quite a few of the best priced properties in Pelican Bay had recently gone under contract and I think I need to extend the alert to other areas in and around Naples, Florida.

Many of Naples, Florida best priced properties in PRIME locations are starting to disappear.

Specifically, there was a unit in Arielle at Pelican Marsh listed for $339,000 that just went under contract on January 4th. There's another one listed for $350,00 and comes furnished. Next one up is $365,000...I fully expect the one for $350,000 to go under contract very shortly!

Buyer's attitudes have changed drastically compared to last season. They are not nearly as hesitant as they were last year to purchase despite all of the nationwide media. Here are two more examples:

I've had web hits within the last week with search terms like:

2007 "real estate" "prices fell" Naples

Naples real estate prices 2007

But today I saw this search term:

Stabilization of real estate market in Naples, Florida.

A caller also mentioned that he is now "unhappy with the stock market" and is looking to do something different. This may be the beginning of perhaps another pool of Naples, Florida buyers who have been somewhat preoccupied til now!

IF YOU ARE ONE OF THOSE PEOPLE WAITING TIL THE END OF SEASON TO PURCHASE THAT GREAT DEAL IN NAPLES, FLORIDA...YOU MAY BE TOO LATE! You can expect sellers to tighten their negotiations if too much more of this activity continues!

Trieste at Bay Colony A Naples, Florida Masterpiece

Trieste at Bay Colony is the grand finale high-rise in Bay Colony completed in 2002. Built by WCI, this twenty story building featuring 106 luxury units offer some of the greatest floor plans and finishes in all of Naples. Designed by Robert Wedroe, AIA, you can expect tasteful aesthetic beauty with all of the luxurious comforts available including a magnificent two story grand salon, library, billiards room and theatre complete with easy view tiered seating and surround sound. The resort style pool and spa is a fabulous place to relax in the sun or entertain guests, family and friends at the social pavilion. See Trieste at Bay Colony condos for sale.

For a full photo gallery of Trieste at Bay Colony, clic the link below:

Trieste at Bay Colony

If you want to know more about Trieste at Bay Colony or any Bay Colony property, give a shout! Trieste is a beautiful building and you should know more about it!