Posted on Wednesday, May 30, 2012
Prices are increasing, inventory (or supply) is decreasing and off season volumes are good so far – about as good as it gets. Naples real estate continues to show a rebound despite some of the more volatile national and global financial news.
There are a few bright spots nationally as well. Florida Realtors reported the first increase in average national home prices in five years. Their report stated May 23, 2012 “U.S. house prices rose 0.6 percent in the first quarter of 2012 according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted purchase-only house price index (HPI).”
We also know the big commercial developers are back in town and well into the planning stages. For example Bloomberg reported “Toll Brothers Inc. (TOL), the largest U.S. luxury-home builder, reported a second-quarter profit that beat estimates as sales and orders increased amid improving demand for the company’s move-up houses.”
Anecdotally we know of several developers buying land and planning projects. This will help build inventories and challenge prices a bit but not for a while as it takes some times for these big projects to get going.
For the end of May, we like the looks of the Naples, Florida real estate market so far.
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 Addresseses – Where The Best Address in Naples Real Estate Is Yours