Naples Modern Homes

Looks like a few of us are going Ultra Modern in Naples, Florida. Homes like these are hard to find because "Modern Design" isn't a search field in our local MLS and honestly not everybody in the business even knows what it is. I can find one for you if you like this style! Check it out!

Home of the Month: Where Mod Stands Out - Gulfshore Life - November 2017 - Naples, FL

Areas you should search for modern homes:

• Aqualane Shores
• Coquina Sands
• Grey Oaks
• Moorings
• Port Royal 
• Royal Harbor

Call me today for the best Naples Modern Homes!

Best Regards,

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

Naples Open Houses

Good Morning Naples Enthusiasts!

There are 602 Naples Open Houses today! Here's what's happening in some of the best neighborhoods in Naples, Florida:

• Audubon Naples:      8              $599,000 - $1,300,000
• Collier's Reserve:      1              $1,025,000
• Coquina Sands:         5              $417,900 - $3,795,000
• Grey Oaks:                5              $799,000 - $3,995,000
• Mediterra:                10             $519,000 - $4,250,000
• Moorings:                21             $398,500 - $3,995,000
• Old Naples:             34             $595,000 - $7,995,000
• Park Shore:              20             $199,900 - $6,295,000
• Pelican Bay:            15             $459,000 - $2,328,000
• Pelican Marsh:        16             $349,900 - $1,595,777
• Pine Ridge:               1              $850,000
• Port Royal:               7              $5,750,000 - $15,900,000
• Quail West:            10               $1,400,000 - $4,700,000
• Royal Harbor:          3               $3,995,000 - $4650,777
• Tiburon                    6               $549,000 - $1,325,000
• Vanderbilt Beach     3               $229,000 - $3,999,000

Where you won't find Naples Open Houses today:

• Bay Colony
• Naples Cay

Additionally, you won't find any of the best Naples luxury beachfront condos open today.

If you would like to see properties in Bay Colony, Naples Cay or Naples luxury beachfront condos, you'll have to do it the "old-fashioned way" by making an appointment. Call me! I can assist!

If you would like the entire Naples Open house report, just shoot me a text or email. I'll send it to you!

Happy Hunting!

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

Naples Real Estate Inventory Update

Naples Real Estate Inventory Update: Naples real estate inventories should be high now. A 13% drop in new listings compared to 2016 could raise prices in some Naples neighborhoods. See where!

Naples Luxury Neighborhood Snapshot Report

Hello Naples Friends,

The John R. Wood neighborhood snapshot report was just released this week.  I'll report on the locations where I work and follow most:
Naples neighborhoods with a shortage of supply at this time:

Aqualane Shores:
30 Aqualane Shores homes sold during the past year. 19 are currently on the market = 7.6 months of inventory

Bay Colony:
2 Bay Colony homes on the market with 3 sold during the past year = 8 months of inventory
42 Bay Colony condos sold during the past 12 months with 27 remaining = 7.71 months of inventory

Grey Oaks:
59 Grey Oaks homes sold during the past year. 36 are currently on the market = 7.33 months of inventory.
16 Grey Oaks condos sold during the past year. 3 are currently on the market = 2.25 months of inventory.

Mediterra:
26 Mediterra condos sold during the past year. 17 are currently on the market = 7.87 months of inventory.

Olde Naples:
84 Olde Naples homes sold during the past year. 61 are currently on the market = 8.71 months of inventory.
141 Olde Naples condos sold during the past year. 71 are currently on the market = 6.04 months of inventory.

Park Shore/Moorings/Seagate/Coquina Sands Waterfront:
354 Park Shore/Moorings/Seagate/Coquina Sands Waterfront condos sold during the past year. 151 are on the market. = 5.11 months of inventory.

Park Shore/Moorings/Seagate/Coquina Sands Non Waterfront:
118 Park Shore/Moorings/Seagate/Coquina Sands Non Waterfront homes sold during the past year. 60 are on the market. = 6.1 months of inventory.
107 Park Shore/Moorings/Seagate/Coquina Sands Non Waterfront condos sold during the past year. 61 are on the market. = 6.84 months of inventory.

Pelican Bay:
47 Pelican Bay homes sold during the past year. 20 are currently on the market = 5.11 months of inventory.
289 Pelican Bay condos sold during the past year. 95 are currently on the market = 3.95 months of inventory.

Pelican Marsh:
56 Pelican Marsh homes sold during the past year. 24 are currently on the market = 5.15 months of inventory.
70 Pelican Marsh condos sold during the past year. 25 are currently on the market = 4.28 months of inventory.

Pine Ridge:
35 Pine Ridge homes sold during the past year. 23 are currently on the market = 7.9 months of inventory.
14 Pine Ridge condos sold during the past year. 2 are currently on the market = 1.78 months of inventory.

Quail West:
39 Quail West homes sold during the past year. 29 are currently on the market = 8.92 months of inventory.

Royal Harbor:
37 Royal Harbor homes sold during the past year. 21 are currently on the market = 6.81 months of inventory.

Tiburon:
31 Tiburon condos sold during the past year. 20 are currently on the market = 7.75 months of inventory.

Naples luxury locations showing stability:

Port Royal:
40 Port Royal homes sold during the past year. 41 are on the market = stable

Park Shore/Moorings/Seagate/Coquina Sands Waterfront:
13 Park Shore/Moorings/Seagate/Coquina Sands Waterfront homes sold during the past year. 13 are currently on the market = stable

Areas of opportunity for buyers to still get a deal if you are a buyer:

Collier's Reserve:
10 Collier's Reserve homes sold during the past year. 15 are currently on the market. There is at least one deal of the universe I know of in here.  Call me for details. = 18 months of inventory.

Mediterra:
44 Mediterra homes sold during the past year. 48 are currently on the market. Pricing has gone up here but there's still some terrific inventory. = 13 months of inventory.

Tiburon:
5 Tiburon homes have sold during the past year. 18 are currently on the market...wow! 43 months of inventory...not a typo.

You can expect to see more inventory hitting the market everyday between now and say Thanksgiving it will lighten a bit and the increase again after the holiday.
If you're considering a Naples purchase: Call me or email me asap.  Let's get your strategy together as there is no time to waste.  Many of you have already scheduled your time on my calendar.  Please award me the opportunity of assisting you by making arrangements in advance. I'm SO looking forward to helping you get your best deal!
If your'e considering selling your Naples property: Call me or email asap.  We will want your marketing in place for season in order to get you your target price and give you the highest potential of an acceptable contract! I'm excited to get the ball rolling!

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

Naples, Florida Real Estate and Zillow

There's no mystery that Zillow has had their fair share of challenges when attempting to accurately provide real estate estimates for Naples, Florida real estate. But before anyone gets too excited, this is not a Zillow bashing post...just an update. Besides, I'd like to give a special high five to that Zillow representative who admittedly said they had been faced with the challenge down here. It was quite some time ago and they explained that they were "working on it" so I thought I would double check again to see what has improved especially since I recently wrote an offer with a very tech savvy buyer who tried to use Zillow as a point of reference. After explaining what I knew she quickly changed direction and successfully put an Old Naples condo under contract....yaeee for her!

So back to the latest comparison. What I did was pulled 3 closed sales today in our local MLS. I cross referenced the sales price and then pulled the addresses up on Zillow. Here's what I found:

8930 Bay Colony Drive #1504 - Salerno at Bay Colony - Listed for $2,295,000 sold by a fellow John R. Wood agent for $2,125,000 It took just under two months to go under contract...not bad market time! So, I pulled up the address in Zillow where it said there were 26 matching properties for that address and then another link directly under it said 44 matching properties for that address. When I click the first link a fast list of addresses show up and then disappear. I tried to open the link in another window and it wouldn't load. Hmmm.... I tried several times...holding my mouth differently each time...still no dice. So I clicked on the second link. Same results. I am happy to report that I did click on the building in the aerial shot and the building with the zestimates pulled up. Zillow shows #1504 worth $2,511,000. Was this a fire sale? No, did the buyer get a great ridiculous deal. Not in my opinion. The neighborhood is doing very well and has not been in depreciating mode so I don't know why there's a difference of that magnitude.

Difference between reality and Zillow= $386,000

2040 Sandpiper St. - Royal Harbor - Listed for $979,000 Sold for $850,000. It took just over 3 months for it to sell. The Zestimate for this home is $1,466,500. What I find curious is right under the Zestimate it shows $979,000 (what the house was listed for). This neighborhood has done well this year too...no huge difference in market value to point to.Difference between reality and Zillow = $616,500

8463 Abbington Circle #1021 - Crescent at Pelican Bay - Listed for $699,000, Sold for $600,000. It was on the market since last August with two price reductions. 17 days from 2nd price reduction in went under contract....and just as a coincidence...it was listed and sold by John R. Wood Inc. REALTORS...no kidding! Zillow says, $731,000...again, this neighborhood has remained the same in value for the last 24 months.

Difference between reality and Zillow = $131,000....we're getting closer.

I should include the fact that Zillow is not overpricing every property in Naples. In fact, while I was in the process of helping my client purchase in Old Naples, the unit she was interested in was showing it was worth substantially less. Just as I have seen on other Naples properties in the past. Again, this isn't because Old Naples properties have seen a significant depreciation...it's just that Zillow doesn't have their magic Zestimates down quite yet for our area.

From what I understand, Zillow is spot on in areas across the country and there's no doubt in my mind that Zillow Zestimates will get much better here in Naples down the road but as it stands today, your best resource to find out if you're overpaying as a buyer or under-listing as a seller is to contact a Smart Girl to help you know for sure!

Best Regards, Shannon