Bay Colony Naples Update June 2010

Bay Colony Naples Florida is the most luxurious community in Pelican Bay.  As it stands there are 50 properties currently available in Bay Colony.  Here's the break down:

Single Family Homes:
5- Bay Colony Shores
1- Strand at Bay Colony

Villas
3- Vizcaya at Bay Colony

Mid Rise Condos
3- Mansion La Palma

High Rise Condos
1- Biltmore at Bay Colony
4- Brighton at Bay Colony
5- Contessa at Bay Colony
2- Marquesa at Bay Colony
4- Remington at Bay Colony
5- Salerno at Bay Colony
6- Toscana at Bay Colony
10- Trieste at Bay Colony
1- Windsor at Bay Colony

6 units in Bay Colony are pending contract right now.

There are 21 Bay Colony sales while last year only 8 had sold.

Bay Colony is starting to see areas of low to no inventory so if you've been waiting for Bay Colony to hit the bottom...you may have already missed it!

If you are a buyer looking for Bay Colony property you'll be happy to know there's been a little more room for negotiating this year.  The average list price to sales price ratio is 87.9% this year. Contact me immediately I doubt this will continue to trend.

 If you are a Bay Colony homeowner, now is a GREAT time to put your property on the market if you are located in the following locations:
- Biltmore at Bay Colony
- Carlsysle at Bay Colony
- Marquesa at Bay Colony
- Villa La Palma at Bay Colony
- Windsor at Bay Colony

For more information regarding Bay Colony Naples or to see current inventory, contact me direct!

Best Regards,
Shannon Lefevre, PA
Your Naples Smart Girl!

Bay Colony Naples Market Update

There were a total of 37 properties that closed in Bay Colony Naples Florida in 2009. That's just over half of what closed in 2008! Bay Colony like the rest of the Naples beachfront communities felt a little impact due to the economic downturn most likely from the dip in the stock market back in September 2008 among other factors.

Bay Colony was considered one of Naples shining stars when it came to real estate activity but sales traffic decreased considerably while we found inventories on the rise for the first time in years in 2009.

It's not just the economic downturn that kept buyers away. Feedback I received while showing and discussing options with buyers this year resulted in a small handful of rejections for Bay Colony. Most prevalent were the fees Bay Colony fees. Bay Colony lives like a country club. When you add in the Bay Colony beach club, Bay Colony tennis club and other amenities Bay Colony has to offer, you know all that has to come with a price but the price is just something some buyers weren't willing to pay this past year. It's always been a topic of discussion but I haven't actually see it prevent buyers from buying as often as I did in 2009. It's all part of that, "we're trying to pay closer attention to our money" movement going on right now.

Another drawback I heard about was that Bay Colony is starting to show her age. The grounds, beaches and amenities are still fabulous but the units and common areas in many of the buildings and some of the single family properties available are REALLY starting to show their age. Hey, aging gracefully isn't just for the ladies as we all know. Contessa at Bay Colony has already had a fabulous face lift and there are some other building that have made improvements and talks are in the works with some of the other ones but....that didn't stop some people from choosing other locations this year due to the perceived maintenance and construction issues down the road.

The other behavior I saw from buyers this year was that pricing in Bay Colony was too high. They expected buyers to either come way off their price during negotiations or they just simply went elsewhere. In some cases low offers were made, buyers split only to come back later and find either their selections had sold or sellers were still not as flexible as they'd hoped.

Here's a run down of each Bay Colony community now:

Overall there are a total of 55 Bay Colony Listings. That's just over 14 months supply...not too terribly bad but not typical for Bay Colony either.

Bay Colony Shores:
5 Active
1 Pending
6 Closed in 2009
Bay Colony Shores had an excellent year and although this location was sluggish in 2008, she recovered nicely in 2009. Bay Colony Shores is STABLE.

Biltmore at Bay Colony:
4 Active
1 Closed in 2009
Biltmore at Bay Colony has some challenges!

Brighton at Bay Colony:
4 Active
2 Closed in 2009
There's a nice opportunity in Brighton at Bay Colony!

Carlysle at Bay Colony:
4 Active
2 Closed in 2009
Carlysle at Bay Colony has some challenges and there is some opportunity here as well.

Contessa at Bay Colony:
3 Active
5 Closed in 2009
Contessa did GREAT in 2009 and has some beautifully remodeled units available!

Mansion La Palma at Bay Colony:
1 Active
1 Closed in 2009
Mansion La Palma is a STABLE community.

Marquesa at Bay Colony:
3 Active
1 Closed in 2009
Marquesa at Bay Colony is a little uneven but there is a terrific valued property available right now!

Remington at Bay Colony:
5 Active
1 Closed in 2009 and a beach cabana :)
Remington at Bay Colony has an oversupply of inventory right now.

Salerno at Bay Colony:
5 Active
2 Closed in 2009
Salerno has an oversupply of inventory right now.

Strand at Bay Colony:
1 Active
3 Closed in 2009
Strand at Bay Colony did exceptionally well in 2009.

Toscana at Bay Colony:
2 Active
5 Closed in 2009
Toscana at Bay Colony did very well in 2009

Trieste at Bay Colony:
11 Active
3 Closed in 2009
Trieste has an oversupply of inventory right now...still.

Villa La Palma at Bay Colony:
0 Available
2 Closed in 2009
Villa La Palma at Bay Colony did well in 2009

Vizcaya at Bay Colony:
5 Active
1 Pending
1 Closed
Vizcaya at Bay Colony has a an over supply of inventory right now.

Windsor at Bay Colony:
2 Active
1 Closed
Not much to say about the market here in a broadcast but you can call me direct for details. :)

If I were going to list my Bay Colony property right now I would start by calling me. Call me if you want to sell your Bay Colony property and I'll give you a few very compelling reasons why.

If I were considering purchasing in Bay Colony right now, I would call me. Call me and I'll give you a couple of compelling reasons why you want me to assist you with negotiating your Bay Colony purchase.

Best Regards,

Shannon Lefevre, PA
Your Naples Smart Girl!

Bay Colony Naples Florida Videos

I spent some time filming and uploading videos of Bay Colony Naples Florida to my website last week in a continued effort to provide you with the information you need to help you make a sound and happy purchasing decision.

Here are the videos I have uploaded so far:

Biltmore at Bay Colony

Contessa at Bay Colony

Remington at Bay Colony

Salerno at Bay Colony

Windsor at Bay Colony

(disclaimer...these are provided just to give you a better idea of what the high rises at Bay Colony have to offer...these are not professional videos.)

I hope these clips serve as a source of information about some of the Bay Colony high rises. For more information regarding Bay Colony Naples Florida, feel free to contact me direct!

Best Regards,

Your Naples Smart Girl

Bay Colony Naples, Florida Market Update

If you've been thinking about making a purchase in Bay Colony Naples, Florida, there's some great new stuff on the market! In fact there's 13 listings in Bay Colony right now that have been on the market for 90 days or less. That's almost half the active inventory which currently stands at 30 listings in all of Bay Colony currently available.

What's Hot:
Toscana at Bay Colony There's only one unit currently available. There's one pending contract (1/28/08) and 3 other units have closed this year in that building! Whoohooo!

Mansion La Palma No offerings at this time due to the two units offered earlier this year either pending contract (2/29/08) or now closed (2/28/08)

Brighton at Bay Colony Has 3 units available. Three others have closed already this year.

Carlysle at Bay Colony Has only one unit available. The other closed 2/15/08.

Marquesa at Bay Colony Only one unit available. The other unit available earlier this year pended contract on 3/26/08.

Salerno at Bay Colony Two units currently available, one pending (4/16/08) and one closed (5/1/08)

Villa La Palma Only one listing available earlier this year sold on 5/15/08.

Vizcaya at Bay Colony No listings currently available. 3 homes available earlier this year are gone. Two of which have already closed and the remaining home is pending contract as of 4/4/08.

Not As Hot:

Windsor at Bay Colony has two units available. One pending (4/10/08) and one closed 92/28/08)
Biltmore at Bay Colony Two units are currently available. No pending or solds in '08

Contessa at Bay Colony Two units are currently available. No pending or solds in '08

Not Hot Right Now:

Remington at Bay Colony has 4 units available. No units have pended contract or closed this year.

Bay Colony single family homes (not villas) are not fairing as well as many of the Bay Colony condominium and villa subdivisions.

Bay Colony Shores has 9 homes currently available. There are no single family homes pending or closed this year.

The Strand at Bay Colony has 3 outstanding estates available. There are no pending or sold homes in this Bay Colony subdivision this year.

For more information regarding Bay Colony Naples, Florida, feel free to contact me direct or shoot me an email.

Best Regards,
Your Naples Smart Girl

Bay Colony Naples Florida Listings

Bay Colony Naples Florida listings are light going into this season with 1 exception!

As I reviewed the hot sheet (what went on in the market today according to the Naples MLS) this evening, I noticed a listing in Marquesa went under contract. YIPPIE! That reminded me to write this announcement. Hey Bay Colony property owners, there aren't very many listings in your neighborhood right now. Depending on where you are, now might be a great time to list your Bay Colony property! Here's the current run down on Bay Colony inventory:

Marquesa - No more active listings available
Toscana - 1 active listing currently available
Salerno - No active listings available
Villa La Palma - 1 active listing available
Mansion La Palma - 1 active listing available
Remington - 1 active listing available
Windsor - 2 active listings available
Biltmore - 2 active listings available
Brighton - 1 active listing available
Carlysle - 1 active listing available
Contessa - No active listings available

The Strand - 1 active listing available
Bay Colony Shores - 4 active listings available but three need a complete remodel.

and then there's Trieste. There are 17 units in Trieste available. Unless you live or own property in Trieste, you might consider selling now!

Contact me for further information!

Best Regards,

Your Naples Smart Girl!