Royal Harbor Area Waterfront Sales

ROYAL HARBOR Real Estate market report

To date in 2007 there are 7 closed homes in this area, 6 in the Royal Harbor subdivision and 1 in Golden Shores. Although this is not a lot compared to earlier years when 40 some homes would sell in a year it is about what sold all last year. There were also 12 condos reported sold.

All the condos were waterfront and either had deeded docks or dock space available. From a generalized overlook it appears selling prices for the properties selling are at the 2003- 2004 levels. This is before the big surge in prices when the run up was like a buying frenzy. Back then we saw homes sell multiple times in one year , each seller making one or two hundred thousand dollars on the deal.

Nationally the housing slump is well documented with many TV newscasters, Real Estate prophets etc all having a say. Here in Naples our sales have slowed but certainly not stopped. People are out there looking for deals. People still want to retire in the sun with clear skies, clear blue water and soft seas. We have all that in Naples. I showed lots of people homes last season and many were literally talked out of buying by the media, the waitress at the diner, the gas station clerk, the parking attendant and on and on. Many of these people are now starting to re-contact me and are seriously thinking of coming down to purchase.

With Royal Harbor prices and sales bringing up the bottom of the Naples Bay area housing market it is a great time for end users to purchase. Many sellers have found their homes are now entering the third year on the market and have not had a bid on them. These people are ready to deal. Friends and colleagues I talk to say they expect the market to start cooking again this fall.
Today is Sunday at 11 am and I have had two calls on listings this morning already. A good sign.

Enforcement ofSlow Speed Zones on Naples Bay

The local water Police in Naples Bay have stepped up their enforcement of the slow speed zones in Naples Bay. Several residents I know have been stopped recently for going over 30 MPH out of the designated channel. This means that as they left their canal and enterd the Bay they "kicked up" speed and went on Plane before entering the marked channed that goes throught he center of the Bay. Police are now enforcing the letter of the law here so as soon as you leave the channel you must slow down ofr face a ticket. Slow speed on my boat is 1300 to 1400 RPM on the tac. If you do not have a taack then it means the bow of the boat is not rising as you motor and little or no wake will be present. (there is oftern disagreement over what is slow speed)
As side notes, you may be going the proper speed and be passed by one of the Naples Charter boats that is steaming along at a speed you think is too fast. I have asked the officers about this and their reply was that these charter captains get "extra " slack in enforcement. The reason given was they are making a living at this and they are hesitant to ticket them. When I then asked the officer if this was not a double standard he only shrugged. (this was a year ago at a meeting).
So far residents are getting warning tickets but I am told that real $$ tickets will soon be given. If the officer asks for you drivers license you are about to be written up.
Be sure you have the proper saftey gear on your boat too. More on this later

Naples Bay mooring field opening stalled

A Naples City official affirmed this week that the mooring field around the City Dock is still in limbo. The problem is that the State wants to approve the opening of the field but with the stipulation that no other anchoring will be allowed. The city has taken the stand that this is not what boaters want and that the Bay is not under State control it is a free waterway and anchoring should be allowed. It appears that this is similar to the big problem that Marco Island is having with anchoring.
For Real Estate information please vivit my web site at www.Terryandrhonda.com

Royal Harbor canal dredging update

I talked to Mike Bauer yesterday regarding the dredging of the Royal Harbor canals. Specifically about removal of the rocks in the canals. These rocks were not removed in the 80'ies when the last dredging took place. Todays "science" will allow the removal or chipping out of these. The engineering studdies and the actual sounding of the canals has taken place and the city has now petitioned for the permits. These may take up to a year or more. This project will be funded by the East Naples Taxing district. (this means residents will be taxed over a period of time to pay for the project) This is good news for owners in Royal Harbor, Oyster Bay and Golden shores. This means larger draft boats will be able to access the canal system at other than high tides. This will increase waterfront Real Estate values in this area.