Posted on Thursday, November 07, 2013
Finally, inventories are up a bit in Naples Florida real estate. So What? Well the so what is supply and demand drives markets, even real estate markets, and with our low inventories all summer prices are driven up and many buyers shake their heads looking for something to buy.
This morning according to the SWFLAMLS (our new MLS this year) Naples single family home inventories stand at 7.3 months and the condo market at 8.1 months.
What is a good level of inventory? My old real estate teacher Real Estate Bob used to say about 12 months inventory is when markets are at equilibrium. Frankly I like a lower number especially after the downturn as markets are still skitterish and slightly lower inventories will be more supportive of prices.
Readers of our blog will also know all real estate is local – that is each neighborhood and sometimes street and high rise has its own market of supply driven factors. Take a look at specific data in your favorite areas whether you are buying or selling. Your realtor should be able to help you out with this.
Please let us know if you would like to talk about the Naples, Florida market or if you would like help buying or selling your home. Stop by online at NaplesBestAddresses.com to contact us (home page top right corner), search properties, view local events, check out our references or just read our blog regarding Naples Florida real estate and lifestyles.
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
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.