Posted on Friday, May 24, 2013
According to a report yesterday in Florida Realtor “Sales of new U.S. homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.” What a difference from a few years ago. Let’s take a look at how national trends are impacting the Naples, Florida real estate market.
Naples Sales vs. National Average? Better. According to the report, April sales were up 2.3%. In Naples April sales rose 27.7% (1,150 in April vs 900 the prior month according to Sunshine MLS “All Naples Area).
Another positive sign for Naples is sales is the trend in pending sales. Pending sales are now averaging 886 per month moving from 600 to 1150 over the year.
In price performance national prices are up 8.3% according the report with only a slight rise here in Naples. Much of the Naples data is driven by what type of property is selling. With a range of $40,000,000 homes to $100,000 condos the type of property selling makes a big difference in statistics. In general the average local price is up.
We think prices should have good support in Naples as our inventory has fallen below six months for the first time in years. With 4,604 property for sale and 9,233 sold in the last twelve months inventory is 5.98 months (Sunshine MLS All Naples Area data).
We encourage Naples, Florida sellers and buyers to understand their local micro markets – now more than ever. With rehabs, new construction and decreasing inventories, sales and price results may be highly varied street by street. Please give us a call if you would like advice regarding these markets – contact us.
Have a great Memorial Day Weekend and take a moment to thank our many veterans who serve this great country and for those who have given the ultimate sacrifice to preserve our way of life.
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 Naples homes for sale and Naples 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 NaplesBestAddresses.com Facebook: NaplesBestAddresses Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main