Lely Resort Real Estate - A Mid Year Sales Update

The mid year real estate market statistics for both Lely Resort home and condominium sales are listed below. Lely Resort is one of Naples' premier gated communities. Encompassing 3,000 acres of lakes and preserves, it is truly a sought after place to live by those seeking a respite from the stress of everyday life.

Lely Resort is an amenity rich, sophisticated and luxurious style of living conveniently located near Naples’ beaches, 5th Avenue shopping, and exquisite dining experiences. The development offers a variety of single family homes, villas and condos, most with stunning golf and water views.

The community also offers 54 holes of truly championship golf designed by Robert Trent Jones, Lee Trevino and Gary Player and features the completely renovated Players Club & Spa.

Lely Resort Sales Data

Lely Resort Home Sales Jan-Jun 2007*:

• 32 Closed Sales
• Average Sales Price - $688,956
• Average Days on Market - 222
• Price/Sq. Foot - $289.88

Lely Resort Condominium Sales Jan-Jun 2007*:

• 12 Closed Sales
• Average Sales Price - $373,358
• Average Days on Market - 165
• Price/Sq. Foot - $209.33

In comparison with 2006 sales data, for this same time period, we've seen a 19% decrease in the average price for homes and a 17% decrease in the average price for condominiums. Average days on market rose by 66% for homes and 46% for condominiums year over year respectively.

Like many communities in Southwest Florida, there is currently an oversupply of properties on the market. There are 161 homes and 144 condominiums for sale in Lely Resort. The upside to this situation is many properties are being offered at prices not seen since early 2004. Examples include Mustang Island and Masters Reserve homes in the mid $500's and Ascot and Greenlinks condominiums from the low $300's.

So, if you are considering purchasing a home or condominium in Naples and would like more information on Lely Resort, please contact us at Gulf Coast Associates, Realtors® and we'd be happy to assist you.

*Sales Data from the NABOR MLS

• Players Club & Spa

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