Posted by Mark Washburn on Friday, January 21, 2011 at 10:42:25 AM By Mark Washburn / January 21, 2011 Comment
With nearly 1,700 homes in 18 neighborhoods, housing options at Gulf Harbour run the gamut from $10M estate homes to condos in the low $100,000s. Gulf Harbour appeals to both year-round residents as well as seasonal residents that visit during the winter months. Per our MLS over the past 12 months, 63 homes sold in Gulf Harbour. These sales have ranged in price from a low of $115,000 for a detached villa in Rivers Edge II to $1.3M for an Edgewater single-family home. The MLS data does not reflect the $5.12M sale of Casa Del Rio by of a former Ambassador to Portugal Al Hoffman to AC/DC guitarist Cliff Williams. Distressed property transactions (8 short sales & 3 foreclosures) represented 18% of total number of transactions at Gulf Harbour last year. This figure is significantly lower than the overall market in Fort Myers where more than half of our transactions were distressed sales. With 174 active listings, just over 10% of the homes at Gulf Harbour are listed for sale. At current consumption levels, the Gulf Harbour inventory represents a 33 month supply of homes listed for sale. Most real estate experts agree that inventory levels above six months represent a buyers market, which is what we have today at Gulf Harbour. We have reviewed the current market at Gulf Harbour, now it is time to identify some buying opportunities at Gulf Harbour. At the lower end of the price range, Rivers Edge with current asking prices in the low $100,000s offers a value-option at Gulf Harbour. The coach home communities of Grande Cay and Tamarind Cay both have interesting options starting in the mid $100,000s. High-rise condos at The Shores start in the $500,000s and offer amazing views out over the Caloosahatchee River/intracoastal waterway. For single-family homes, the Edgewater neighborhood currently has 26 homes for sale with many aggressively-priced options.
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