Posted on Saturday, August 25, 2012
Average Naples Florida real estate prices continue to climb. With our supplies now below seven months we expect to see better support for prices. According to the Sunshine MLS this morning the average sold price trend line show properties at $325,000 one year ago and $425,000 today. Single family homes have moved from $400,00 to $500,000+ in the same period.
The Naples trend seem to be following a general statewide and nationwide improvement. This past week we were in Palm Beach for a meeting of Coldwell Banker Previews Agents (million dollar sellers essentially) and I spoke with a number of fellow successful realtors. Inventories in Jupiter for example were reported under five months – even tighter supplies and more supportive of prices if they can keep the volume going.
This morning Florida Realtors reported – (please see http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=4&id=280235 for the full article) “U.S. house prices rose 1.8 percent from the first quarter of 2012 to the second quarter, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI).It’s the biggest quarter-to-quarter increase since 2005. The HPI is considered reliable because it looks at same-home sales over time, using price information from Fannie Mae and Freddie Mac.”
Prices are headed in the right direction and a hopeful sign the real estate market is on the mend. Beware of banks moving their shadow inventory into the market with these more favorable terms but so far so good. We are looking forward to the upcoming season when the Naples population moves form 80,000+ to 300,000+ and see if prices move forward once more.
Have a great weekend.
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 Mobile: 239.595.3921 Email: firstname.lastname@example.org NaplesBestAddresses.com Facebook: NaplesBestAddresses Twitter @mcgoebel Naples Best Address – Where The Best Address in Naples Real Estate Is Yours