Monday, July 16, 2012

Quail West Naples Update

Somebody researched, "what's the deal about Quail West" yesterday on Google and found my Naples Florida real estate website. The search term made me laugh and for that, I'll take the opportunity to catch you up on what's the latest in Quail West Naples Florida. Here it is:

An article in the News Press on June 16, 2012 stated Stock Development purchased the remaining 234 lots in Quail West.  Rumors about the purchase were swirling as early as May or so. If you're unfamiliar with Stock Development you should know they have made a business out of acquiring or purchasing slow or stalled communities in Southwest Florida. Those communities include but may not be limited to Lely Resort in 2001, Olde Cypress and Grandezza in 2002 and 2003. While they have their hand in several other entities in and around Naples, consumers and Quail West residents will probably consider their involvement a great thing. The reason why this may be is because Stock has made substantial achievements when getting involved in past Southwest Florida communities posing the question, "Is Stock Development the Heather Locklear of Southwest Florida real estate"?  Who knows but their success is undeniable.  Here's a list of their awards found on their website:


  • 2008, 2009 & 2010 Community of the Year – Lely Resort
  • 2007, 2008, 2009 & 2010 Community of the Year – Paseo
  • 2007, 2008, 2009 & 2010 Developer of the Year
  • 2006 Punta Gorda Chamber of Commerce Business of the Year
  • 2005 & 2006 Development Company of the Year by the Lee Building Industry Association
  • 2005 & 2006 News-Press Grand Award
  • 2005 Governor’s Entrepreneurship Award
  • 2005 Excellence in Industry Entrepreneurship Award
  • 2004 & 2005 Company of the Year by the Naples Area Board of REALTORS®
That's not a bad track record!  Talking about track records...let's take a look at Quail West's track record so you can know exactly what's going on from a statistic basis because take overs and awards are all fine and good but results are primarily what my customer base is most in search of.
Currently there are 34 Quail West homes available with 10 homes under contract and 26 Quail West closed sales for the past year.  That's over 15 months of a supply in inventory.  That is close to stable but not quite and actually, that's good news if you're a buyer.  This is just one point you can use in your negotiations with a seller if you're a buyer but I'll encourage you to come up with 4 more to make a compelling argument for your offer. I'm great at that if you don't already have an agent.  All of the potential short sales (being marketed as such) are either sold or under contract and there's only 1 foreclosure on the market right now...there were only 4 total during the last 10 years so clearly no alarm there either. 
As far as lots are concerned it's about the same picture as Quail West home sales. 25 active Quail West lots on MLS/30 closed or under contract.  There's a weird number discrepancy that I can also explain on the phone or in person.

Now's a good time to talk about deal or no deal in Quail West. There's a secret here...nothing I will share online but this is one of those neighborhoods you want an experienced professional to assist you. Without one, you could find yourself down the road finding out the secret and realizing you may have made a wrong decision.

Talking about sad days...

I'm totally bummed out about a couple of Quail West homes that have already sold.  I knew they would be tremendous deals and as record would have it they sold at completely ridiculous numbers. With that said I know of 3 that sold where the buyer clearly won.  That also means Quail West is quickly going to turn a corner and those days will be over as well.

Many of the homes in Quail West were built during much happier times. You remember when labor and material were relatively inexpensive and builders could build houses for almost free. :)  The materials chosen during that time were rich and luxurious and occupied every corner of the property. Construction during that time was largely a heavier Mediterranean with lots of cast stone, exotic marble and offered an earthy color pallet. 

Today the newer homes are still fabulous but cast more of a sleeker, sexier note with a suggestion of a cleaner contemporary line and more vivid color pallet.  Regardless of your taste, there's something for everybody who can afford to drop some dough in the neighborhood.
Well, I feel like I've totally talked your ear off so I'm going to go. I'll be around this week to assist you should you find yourself wanting to do some Naples real estate shopping!  Please feel free to view my website or contact me direct asap for an appointment.
Best Regards,
Shannon Lefevre, PA
Your Naples Smart Girl!

Sunday, July 15, 2012

Foreclosure in Pelican Bay

Hello Naples Friends,

I just received an email from a gentleman who asked, "Are there any foreclosures in Pelican Bay".

The long and short answer to that question is:

There's 1.

As it stands right now there are only 251 active listings in Pelican Bay which equates to 10 months of inventory putting Pelican Bay in an under-supplied inventory status. There are currently 46 pending sales in Pelican Bay today which means despite the time of year, Pelican Bay is experiencing fabulous sales traffic.

Another portion of his question included,  "is anything under $250,000 in Pelican Bay for sale".  The answer is no.

The lowest priced unit for sale in Pelican Bay is listed for $285,00 and there are only 6 properties in Pelican Bay listed for under $300,000 at this time.

I would not be surprised at all if this is the last year you will be able to find anything under $300,000 for a awhile.

This is just one example of a few Naples real estate requests I've seen lately where I could not accommodate somebody's direct request due to strengthening market conditions. Experience is telling me this is the beginning of a new trend that will last until our general consumer base gets a firm understanding of what's going on in Naples, Florida.

I personally equate shopping for Naples real estate in July to Christmas shopping in June. Y U C K! Nobody wants to do that when there's family vacations, summer bar-b-ques, babies to be born, birthdays to be celebrated, families to be cherished, first homes to be graced etc. BUT, if you're a buyer who wants to negotiate, now is probably the time. Especially if you're thinking you want to buy that winter place in an area like Pelican Bay or Bay Colony or really...any location close to one of our Naples beaches.

Many of you have already take steps to purchase this summer in areas like Pelican Bay, Bay Colony and other Naples beachfront locations.  I have experienced dramatic increases in traffic on my Naples real estate website. Web traffic is a terrific indication of projected real traffic in the next 30-60.  For those of you who don't know, August and September are typically the least productive 2 months in our calendar year.  This year might be a different story.

One of the bonuses about purchasing now is that you can do the lion share of your decision making on my Naples Florida real estate website, I can shoot some video for you for additional information gathering and you (if you're experienced enough) can purchase site unseen so you don't have to take precious time out of your summer agenda to get that winter home deal done. I have a tremendous group of professionals like Naples attorneys, home inspectors etc. who can help you confidently purchase from afar.  We can help you get your deal done effortlessly giving you the time to focus on what you most want. 

This way you won't find yourself competing with the others who will show up when the winter gusts start to howl and the snow starts to blow because by that time your buyers edge will probably be gone with that same blast of wind. The other point about purchasing now is if you negotiate and close your deal this summer, you can make your place your own before high-season so you can really feel at home while that January sun is kissing our Naples beaches and golf courses.  After all is there a better place than Naples to entertain friends and family or just reconnect with your own mind, body and soul during January through April?

For more information or to get the Naples party started, just visit my Naples website or contact me direct!

Happy Summer,

Shannon Lefevre, PA
Your Naples Smart Girl!