Coldwell Banker 10-day Sale Results

Posted on October 20, 2008

The timing of the Coldwell Banker 10-day Sale nationwide could not have come at a worse time. After months of preparation and nearly 30,000 homes open across the country, news of the stock market plummeting on the preceding Friday kept most buyers away. Last Sunday’s turnout was minimal at best; an average here in Naples of 1.2 visitors per open house. However, time heals all things…the market watchers know that what goes up must come down and what goes down must come up…and even just a short week later, the bad news bears couldn’t keep the potential buyers away. Yesterday I had 5 separate parties through and everyone gave me the sense that there is pent up demand. Most seemed ready to find some good values. One buyer said, “I have been coming to Naples for over 20 years and I don’t remember ever seeing this many good buys to choose from”. Another interested gentleman explained, “The old adage of real estate, ‘location, location, location’ has now been replaced with, ‘timing, timing, timing’.”

Yes, timing is everything now. ~and pricing is crucial. So, if you can find a well priced listing in an excellent location, the time to jump on it is now! As an example, the listing where I was sitting open yesterday is a brand new, never lived in, spacious 3 bedroom condo on the water with direct gulf access (no bridges). It comes with a private 2 car garage and a deeded boat dock. There are 6 units total in the building. The two top floor end units sold pre-construction for OVER $1.1 million! The remaining 4 units start at $699,000! You want value? This is it! I would be happy to provide you with a detailed search of ALL new, waterfront condos in Naples which include a dock…The next priced listing in MLS is asking $1,149,000! Once these 4 condos sell there may not be any other condos built 2007 or later listed under a million available! The seller is motivated and ready to consider all serious offers! Additional photos and a virtual tour of the property can be found on our website Or call us today for a personal tour of The Azzurro 239-370-0574

If nothing else, the 10-day Sale did create some good activity…I had some great discussions with some really nice folks with whom I feel pretty good about doing future business. I understand an agent at our north office got an offer on their listing at the open house! Great news! ~and I am more convinced than ever that Naples is “under valued” (see a previous post)…the really smart buyers will be taking advantage of the amazing opportunites available to them here in paradise!

Thanks and make it a great day!