Royal Harbor end of summer 2007 Real Estate summary

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.

for a look at current listings visit my web site
www.terryandrhonda.com
Terry Forshier

Royal Harbor and Speed Zone enforcement in Naples Bay

Naples Water Police are ready to start handing out tickets for those boaters that are not complying to the slow speed Zones in Naples Bay. The letter of the law says that you can go 30 MPH in designated marked areas in the channel. However, many boaters leave their canal and as soon as they hit the Bay they speed up on plane and enter the channel. Also when returning they veer out of the channel and speed on to the canal entrance before slowing down and coming to a restful slow speed. Officers are now stopping these boats and giving them tickets.
Slow speed Zones that are marked means that you may have to slow your motor to under 1500 rpm. (about 1300 on my boat) this will let you move along without a wake and your bow will be down. If you are plowing and your bow is up you are too fast and are asking for a ticket.
You may be complying at a slow speed and be passed by one of the several Charter fishing Captains boats. They have some sheilding from enforcement since they are making a living on the water. Officers have confirmed this so there is no use complaining .
Naples Police may also ask to see you safety gear. Be sure you have it ready. Also current registration. I have had ocassion when for some reason I had last years registration on the boat but the correct sticker and was given a pass.

Mooring field at City Dock

A City official confirmed this week that the problem with the opening up of the mooring field for transient boaters around the City Dock is because the state wants to restrict anchoring in the Bay, at all other places, if the "field" is approved. The City officials have balked at this. This is both good and bad. The good is that the field will probably get approved and the City will probably win and anchoring will still be allowed in the Bay. The Bad is that this just stalls the use of the mooring field again and it will probably lead to some compromise by the city and some anchoring restrictions. Royal Harbor visitors that come by boat will have to tie up at their friends docks or pay to dock at City dock or at one of the other Marinas. There is a 3 day stay period on Transient slips so boaters now must shuffel their boats from place to place to comply. More on this as it developes.

Royal Harbor Dredging

City officials told me this week that the deredging project for the canals for Royal Harbor, Oyster Bay and Golden Shores was in the permitting stage. The innitial work of the actual survey of the bottom and collection of data by boat and from residents was completed. The engineering for the project is done and the permits have been applied for. This process may take up to a year or more. Funding will come from the East Naples Taxing district.
This project willenable boats with larger draft to access the canals at low time. (5 feet or more) although most canals are now dug to this depth, there are rocks that need to be removed to freely use them. I personally have hit a few and this is costly. At present most boaters watch the tides to gain ingress and egress to their docks.

Terry and Rhonda REALTORS