Bay Colony Real Estate supply

As I start to look at the 3rd quarter wrap up in the Bay Colony community, I am seeing activity that I consider very healthy. There is a fair amount of inventory, with brisk sales to keep up.

To calculate the supply, or market absorption, we take the number of properties currently on the market, and divide that by the number of properties sold in the past year. i.e. if there were 20 properties sold last year, and 10 on the market right now, you have a six month supply.

Right now, I am seeing that we have 46 sold (and currently pending) properties in the past year, and 33 active listings, thus giving us a little less than a 9 month supply (8.6 to be exact). This is a well balanced market.

With all that Bay Colony, has to offer, exclusive beach front club, fantastic location, amenities galore, and the one of the finest addresses in the country, this upcoming season should be just another winter in paradise.

Bay Colony blog beginning

New to the blogging thing, but certainly not new to Bay Colony. While the market in Naples is having mixed activity, Bay Colony continues to be one of the most desirable areas in all of Naples.