Island Walk, Vanderbilt Beach Road, Naples, Florida
I love Island Walk and not just because I live here.
Great News! Last year at this time in Island Walk there were approximately 150 active listings. Today the Sunshine MLS showed 59. We have been selling steadily throughout 2008 and even though our winter visitors have returned to their northern home, we continue to have a good number of pendings and solds. Our prices range from $659,000 for a Carlyse model to $ 265,000 for a Capri. This winter there were a number of Capris on the market and sold in the low $200s. They were snatched up by some very smart buyers. This is great news for homeowners like me. Lower supply, greater demand and you know the rest.
I see a trend. Early 2008 most of the sales generated in Naples were from the very low end, $200K and below and the very high, anything over $1 million. Now I see pendings and solds generating sales in the $400K to $900K range. A couple of reasons for this. All the fabulous "everything but the kitchen sink" sales by developers are winding down.There is still a lot of new inventory and good deals but not as plentiful as in months past. In fact, some developers are increasing their sales price and some have started building new phases again such as Ole at Lely Resort (Stock Development) and Heritage Bay (Lennar) a premier bundled golf community. Also, the sellers have seen the light. If you want to sell you MUST price reasonably and engage a full time competent Realtor who has extensive internet exposure. (Today, 84% of all buyers begin theri search on the internet. Data taken from The National Association of Realtors ie: www.realtor.com)
How does this impact Island Walk? Even though there are new communities being built by Divosta(Pulte) we do not have the CDD attached on our re-sales. We have the same great amenities but not extra $$ tagged onto our monthly mortgage payment to help pay for infrastructure on new construction. Our location is superb. We am minutes from grocery shopping, minutes from I-75 and just 15-20 to my office on 5th Avenue.
Amenities at Island Walk: Town Center has a restaurant, post office, hair salon, nail salon, bank, realty office, large community pool, gas pumps, lap pool, 8 hard tru lighted tennis courts, fitness center, bocce courts, crochet putting green, car wash, large lakes for fishing and activities within Town Center too numerous to mention. Miles of walking trails and a great place to ride your bike!
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