Posted on Wednesday, November 30, 2011
We like this combination, the inventory of three bedroom homes in Naples is now very low compared to the last few years standing at only 8.24 months. This is based on 2,368 3 bedroom homes for sale this morning in Naples (sunshine MLS) when sales of 3 bedroom homes was 3,448 over the last 12 months. This is at a level we may see strong price support. Buyers may need to be more aggressive when they see the home they want and sellers might be more stingy in negotiations.
At the same time at the national level we see consumer confidence is back up. Florida Realtors News reports this morning “The Conference Board Consumer Confidence Index, which declined in October, surged almost 15 points in November. The Index now stands at 56.0, up from 40.9 in October. The Present Situation Index increased 11.2 points to 38.3 from 27.1. The Expectations Index, which gauges attitudes about the economy’s condition six months from now, went up 17.8 points to 67.8 from 50.0. ”
Nice. Lower inventories and more confidence. Just what we need to see going into season. Might be of sign of good things to come in Naples, Florida real estate – we will see.
No legal or investment advice or suggestions are being given in this Blog. Actual real estate price and sales results are subject to market forces and are not completely predictable. Please consult a lawyer or investment advisor for such legal and investment advice. The writings of this Blog are intended for the sole use of our clients.
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