Posted on Friday, September 28, 2018
If there is one thing to take away from the Naples real estate market in September it is this; supplies remained tight, prices popped, and days on market shortened a bit – nice! A very nice start to the early season.
Now let’s take a look at what we see this month!
Our reader’s know all real estate is local so let’s look at some specific Naples areas. Remember as a “rule of thumb” inventories may be indicative of future prices – below 12 months prices rise, above 12 months prices drop or so the theory goes. Here are the inventory levels and the month over month trend.
Olde Naples 11.2+
Pelican Bay 5.09+
Windstar On Naples Bay 14.4+
Crayton Road 6.8+
Royal Harbor 8.57+
Port Royal and Aqualane Shores 15.11+
Marco Island 8.28+
So what? Well, the so what is inventories are increasing in all these areas. Anything over 12 months inventory will be less supportive of prices. The overall Naples market average remains solid at 6 months. So … know your neighborhoods as well as your product and property!
Please give us a call if you are considering buying, selling or renting – or just to provide more facts. We would love to listen to you and help.
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