Posted on Monday, July 15, 2013
I don’t know about you but I find something special about Olde Naples single family homes. Walk to the ocean. Walk to some great restaurants and shops. Jog and cycle to the north and back. A very nice lifestyle. A very special place.
A look at availability this morning shows 61 single family homes for sale in Olde Naples from $953,000 to over $10,000,000. You would think at these prices the market would be over supplied – but not so fast. 79 of these homes have sold over the last year giving us an inventory of 9.2+ months. Not bad, could be tighter, but certainly evidence of a good market and buyers moving in at these prices.
Sales volumes in Olde Naples climbed all season and finished way up in June running along at a 35-40 properties per month clip. Pending sales are falling off showing some slow down for the off-season but with no appreciable new inventory coming along (there are new homes, just not enough of them) there may be more price appreciation on the way next season if these trends hold.
Is it too late too late to find a place? Absolutely not. On the way to church yesterday I passed a colorful old cottage on 8th ave south just sold so the folks are still finding property they like.
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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.
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.
Mark Goebel, PA REALTOR Coldwell Banker 5th Avenue South Mobile: 239.595.3921 NaplesBestAddresses.com Facebook: NaplesBestAddresses Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main