1641 Chinaberry Way
1641 Chinaberry Way

1641 Chinaberry Way – Total indulgence! Exquisite estate inside and out. Staggering lake and putting green views as soon as you walk in and from all the main areas! This magnificent home is an architectural wonder with ultimate attention to detail. Inspiring finishes like Saturnia marble & bamboo flooring, coffered ceilings, crown molding, premium granite and marble counters are quietly and elegantly presented. Dream kitchen with beautiful Maple cabinets, high-end appliances and large island is perfect for a master chef or a novice! There’s also a wet bar with a 375 bottle wine closet close by to choose the perfect pairing. Tranquil grace is felt here and continues into the Owners’ wing w/ 2 baths, walk-in closets and relaxed sitting area with private door to the pool for moonlight swims. Guest suites make family feel at home with well-appointed full en-suites. The residence is perfect for hosting gatherings for sunset or big celebrations on the expansive screened lanai with fireplace and summer kitchen. Beautiful new lagoon pool and raised spa are highlighted by lush tropical landscaping. Three car garage and side motor court located on one of the best street in Grey Oaks! 

Grey Oaks Naples FL

1641 Chinaberry Way

1641 Chinaberry Way

1641 Chinaberry Way

1641 Chinaberry Way

1641 Chinaberry Way

1641 Chinaberry Way

Grey Oaks Naples FL

Grey Oaks Naples FL

1641 Chinaberry Way

Bedrooms: 3
Bathrooms: 4 full | 1 partial
Est. Square Feet: 3,923
Listing # 216041065
______________________________________________________________
Listing Agent:
Tade Bua Bell / Emily K Bua
239-595-0097
Tade@johnrwood.com

Monthly_Market_Report_&acirc€“_June_2016-2 Monthly_Market_Report_&acirc€“_June_2016-3

CLOSED SALES
• There were a total of 6,178 closed sales during the first six months of 2016, down from 7,458 closings during the same period 2015.
• During the past 12 months, the price segment showing the largest decline in number of sales is properties priced below $250,000,
down 24% (4,087 vs. 5,395).
• Over the past 12 months, the number of sales priced above $2 million declined 5% over the prior 12 month period with 72 sales vs. 88
in the prior year.

NEW LISTINGS/INVENTORY
• Available inventory on July 1, 2016 consisted of 6,274 units, up 39% from July 1, 2015.
• The current supply of product is comprised of 2,894 condominiums and 3,380 single family homes. All price ranges posted inventory
increases with the exception of single family homes priced below $250,000. The largest gains over prior year were condominiums priced
between $1 million and $2 million, up 100% and those priced above $5 million, up from 7 units a year ago to 16 units on July 1, 2016.
• The number of properties currently available for purchase represents 6.4 months of supply based on the number of closings in the
past 12 months.

AVERAGE AND MEDIAN SALES PRICE
• The average price of closed sales year-to-date remains approximately the same as the first six months of 2015, up less than 2%.
Median price increased 6.5% year-over-year.
• Properties priced above $2 million followed the overall market trend, with average price remaining static year-over-year

Gulf Shore Boulevard Condominiums

2nd Qtr Real Estate Market Report 2016

 

Gulf_Shore_Boulevard_Review_-_Q2_2016-2Gulf_Shore_Boulevard_Review_-_Q2_2016-3 Gulf_Shore_Boulevard_Review_-_Q2_2016-4 Gulf_Shore_Boulevard_Review_-_Q2_2016-5 Gulf_Shore_Boulevard_Review_-_Q2_2016-6 Gulf_Shore_Boulevard_Review_-_Q2_2016-7

QUARTERLY NUMBER OF CLOSED SALES (Exhibit 1a & 1b)

• The number of closed condominium sales on the bayfront remained approximately the same as second quarter 2015 with 24 closings in Q2 2016 vs. 22 in Q2 2015. Closings on the beachfront declined 37% from 83 in the same quarter last year to 52 this year.

• Harborside West posted the highest number of sales for buildings on the bay with 4 sales, while Park Shore Towers and Vistas at Park Shore led activity on the beach with 5 sales in each building.

QUARTERLY AVERAGE SALES PRICE – CLOSED SALES (Exhibit 2a & 2b)

• The average price paid for beachfront condominiums in the second quarter of 2016 was $1,593,334, a 7% increase over the Q2 2015 average of $1,482,744.

• The average price of closed properties on the bayfront for the period was up 18% over last year at $564,600, up from $478,573 during the same quarter in 2015.

QUARTERLY AVERAGE PRICE PER SQUARE FOOT – CLOSED SALES (Exhibit 3a & 3b)

• The average price-per-square foot increased 15% for beachfront residences, up from $609 in Q2 2015 to $703 in the second quarter of this year.

• Properties located on the bayfront posted a price-per-square foot gain of 22%, from $338 psf to $412 in the current quarter.

At the end of the second quarter there were a total of 28 available condominiums on the bay, up from 10 units a year ago. Supply on the beach increased 93% over same quarter prior year to 89 residences, up from 46 in Q2 2015. This represents an 8.6 month supply on the bay and 12 months on the beach based on current absorption rates. Both areas currently indicate a balanced market, but this could change quickly to a buyer’s market if inventory levels continue to increase.

This report is intended to give a broad view of market activity and trends among waterfront condominiums on Gulf Shore Boulevard. Buildings on the beach and bay vary significantly in size, condition, age and amenities, and this can impact average sales price and average price-per-square-foot. Buyers and sellers are advised to seek the help of a John R. Wood Properties sales professional for specific information regarding any property in which there is an interest in buying or selling.

Just Sold in Kensington Gardens

2968 Gardens Blvd
2968 Gardens Blvd in Kensington Gardens

2968 Gardens Blvd in Kensington Gardens – Sensational panoramas. Stunning lake views capture your attention throughout in this thoroughly customized home with classic and exquisite finishes. Arched transom windows, custom cabinetry, coffered detailed ceilings and elite kitchen add to the impeccable design of a home better than new and sure to satisfy the beauty you desire in a home. The floor plan has great spacing and allows you and family to gather together in roomy indoor and outdoor areas but still have the element of privacy when retiring to your own spaces. Set apart in its own wing, the master suite has a sitting area, view patio leading to the pool and spa, and the highly desirable feature of a separate Jacuzzi tub, his/her vanities and sizable walk in shower room plus large walk-in and hall closets. There are 2 additional en-suite bedrooms, a den with built-ins and a great room with fireplace and corner sliding doors that pocket to open the entire side of the room onto the expansive outdoor kitchen and lanai. Covered al fresco dining for intimate or large scale entertaining and a beautiful pool and waterfall spa overlooking a gorgeous glistening lake makes it refreshingly easy to call home.