Naples, FL (PRWEB) September 26, 2010
It seems that consumer confidence has taken a rebound, at least in the high end market, and affluent buyers are beginning to show some serious interest for high-end designer homes. This is especially true in Naples; known for some of the most luxurious waterfront estates and condos in the world. Just recently, for example, Gulf Coast International Properties (GCIP) negotiated a $12 million sale; another milestone sale on the beaches of Naples. The sold property was a stylish 8300 square feet Bermuda-inspired home fronting a 147 feet of the pristine beach with a breathtaking view of the Gulf of Mexico.
According to GCIP, a real estate brokerage that focuses on Southwest Florida's exclusive luxury market, there seems to be a lot of pent-up demand after a long lull in sales the last few years. The company has actually been setting sales records in the high-end market.
It seems there is a lot of money is going around among the affluent, evident in the recent rising trend in million dollar home sales. According to one Naples Realtor who made one of the biggest sales in Port Royal Real Estate since 2007 at $22 million, most buyers are industrialists and entrepreneurs who actually pay in cash.
Other recent real estate activity early this year in Port Royal Real Estate includes a home in Rum Row that sold for 5.2 million USD and one on Spyglass Lane that closed for 6,050,000 USD. Since January, nearly 70 million USD in sales were made mostly in elite Port Royal Real Estate, considered to be one of the most active real estate areas.
The enormous attraction for these high-end Port Royal homes is because these luxurious high-end properties offer gracious living within classical architecture and very well maintained environments; they also have been selling for less than their original list price. An average drop of 10 to 15 percent in the Naples area during the past two years is quite significant. In January of this year, a Gulf-front estate along Gordon Drive in Port Royal Real Estate Homes sold for $16.7 million. It was originally listed at $23 million in July 2009.
And because of recent favorable exchange rates, foreign buyers have also been taking advantage of the opportunity for a good investment. This is why Gulf Coast International Properties, a luxury real estate brokerage firm in the high-end Naples, Florida real estate market is pleased to announce three pending sales in the Port Royal neighborhood; these are valued at more than $28 million. The potential buyers are foreigners coming in from Canada and Europe, including England and Switzerland. Investors, who are currently on the fence about whether now is the time to explore the million dollar Port Royal real estate market, need to understand that the million dollar market is beginning to heat up.
Investment is indeed one of the many reasons buying million dollar real estate is now experiencing a strong uptrend; especially seen in Port Royal Real Estate. The valuable experience offered by Gulf Coast International Properties (GCIP) in the Naples luxury homes market includes insight and information regarding the local market. According to a recent economic survey, 80 percent of homebuyers who have already seen a 24.3 percent rise on the value of their properties believe that this uptrend will continue in the next five years.
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