Posted on Monday, July 23, 2012
A look into price data for our local Naples, Florida real estate market shows average prices continue to rise. The Sunshine MLS for the All Naples Area showed average real estate prices increasing from below $350,000 one year ago to just over $400,000 today. One reason for this – steady volume with decreasing supplies.
Inventory supply varies widely by area so check with a Realtor your specific information. Although area inventories are trending around seven months supply + (a level typically supportive of rising prices) some areas fare worse. We are working with one client whose neighborhood faces a four-year inventory supply. As we work with clients – both buyers and sellers – our strategies differ based on local market conditions. Be sure you know your local market when you are buying and selling.
Naples, Florida real estate prices seem to be following a nation trend up. Two weeks ago Core Logic reported “home prices nationwide, including distressed sales, increased on a year-over-year basis by 2.0 percent compared to May 2011. On a month-over-month basis, home prices, including distressed sales, also increased by 1.8 percent compared to April 2012.”
These are not the glory days of a few years ago but we like the fact inventories are down, prices are up and real estate continues to trend nicely up in Naples, Florida.
Let us know your thoughts.
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