Posted on Saturday, June 16, 2012
Well after some “up north” fly fishing and watching my beloved Tigers fall to the Cubs I am once again back in Naples and on the blog. As my first act I thought I would take a look at inventories. We still believe supply and demand drives market price. Sure prices differ by neighborhood but if you want to look at the big picture and a major force in the market look no further than supply and demand.
The news for Naples continues to be good. Not too long ago the supply of residential property far exceeded demand and prices fell – no news here. Some areas had a six-year supply of homes. Today in Naples the supply is 7.52 months (Sunshine MLS data 6/16/2012). There are 5,257 residential properties for sale in the “all Naples area” and in the past year 8,392 homes were sold. So what? At these levels we expect to see a lot support for price even as we move into our off-season months.
Great news for Naples – our markets continue to improve.
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 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
Naples Best Addresseses – Where The Best Address in Naples Real Estate Is Yours