Posted on Wednesday, April 25, 2012
Another look at Naples real estate inventory shows inventory continues to decrease – a very positive sign for price support. This morning the Sunshine MLS shows 5,823 properties for sale in the all naples area with 8,229 closings in the last twelve months or 8.49 months of inventory. Wow. Remember when these figures were above a full year and multiple years in some places?
But beware of averages as these figures are county-wide. Let’s take a look at some neighborhoods around town this morning and look at the facts. Here is a list of neighborhoods with their current inventory figures:
Olde Naples 12.5 months
Royal Harbor 11.4 months
Windstar 14.9 months
Lely Area 12 months
These figures show inventory is much higher for these neighborhoods than the county-wide averages and price support may not be as strong. As my friend used to say “The future is already here, it is just unevenly distributed.” Uneven indeed. If the close-to-ocean areas have figures above the average then it is the areas outside of Naples and further from the beach with significant inventory improvement. It appears the recovery wave is running east to west and our ocean side or near Naples areas are still running at a year’s inventory or so.
What is the lesson here? When buyers narrow down to their favorite neighborhood or sellers sit down for that listing appointment make sure you know the facts for YOUR neighborhood. Your Realtor should talk about your neighborhood not general averages for the county.
Have a great day and tell us what you think.
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: email@example.com NaplesBestAddresses.com Facebook: NaplesBestAddresses Twitter @mcgoebel Naples Best Addresseses – Where The Best Address in Naples Real Estate Is Yours