2007 Wrap up
Happy New Year!
As We look at the sales figures for 2007, once again Bay Colony has had a terrific year. I still have clients waiting for certain properties to come on the market, which is always an indication of an area in short supply.
The numbers go like this in 2007 in Bay Colony there were 46 Closed/Pending properties, and we currently have 40 properties on the market. This gives us less than a one year supply in Bay Colony. If you look at certain properties within Bay Colony, the number can vary drastically. For instance if you take out the newest highrise, Trieste, the number look like this... 37 properties sold/pended, and 25 currently on the market... a much different story.
If we look just at the single family homes, the numbers reflect balance with 7 homes sold/pended, and 8 homes on the market.
Everyone is talking about what 2008 will bring, seems they all have something to say from gloom and doom, to Pollyanna. I think the market in Naples will continue to chug along with Bay Colony again being a bright spot, but then again, my crystal ball broke years ago when I moved out of my college dorm room.





