Posted on Saturday, December 28, 2013
As the readers of our blog know we are laying out some predictions for 2014 so here goes prediction #3: New construction spurred by increasing demand will provide some great new property options.
The Isles at Collier Reserve will begin their 1,600 home build in 2014 as well as other new big projects in the area. It is a great sign that these large projects are continuing to resume, and really is a testament to the strength of the local market.
Just to show you how needed new construction seems to be the folks at Treviso Bay, Lely and Fiddlers will tell you – the new stuff is selling like hot cakes. Yesterday we just helped our buyers find a new place at Fiddlers and they love the new construction and the new features.
However, the real question is, will all of this great new construction be enough to keep up with our predicted growing demand? We think partially, but not completely. Currently, according to our new Matrix based MLS, 1,368 single family homes were sold in the last 120 days against a current inventory of only 2,016. This pace gives us just a 5.9 month inventory of single family homes. While this is one of the best seller’s markets we have had in years, the inventory is well short of the historical 12 month supply for a stable real estate market. We expect inventories to rise in 2014, but only slightly to the 7-8 month range.
So if you want new in 2014 we have it in Naples. It may not be on the beach or in Olde Naples unless you follow along with our spec building ideas – but nonetheless new is coming.
While it is great to look forward to 2014, we generally don’t worry about things that are out of our control. One thing that we can promise is Naples Best Addresses will continue to work hard for our clients, to give them the best experience possible. Even if you are just in the very beginning stages of making a real estate decision, give us a call to lean on our expertise. We are also deeply grateful for all of the referrals that you trust us with.
See us at NaplesBestAddresses.com.
Mark and Nan
Mark Goebel, PA and Nan Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921 239.595.3920
No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
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Some of the data relating to Naples homes for sale and Naples real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
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