Posted on Saturday, August 23, 2014
I was in our office on Fifth Avenue South yesterday listening to a family touring from Italy here – they had just purchased a restaurant and were looking for a home to go with it! Naples in the summer time. Home to the international tourist representing 20% of our buyers. The international wave, US demographics and short supplies continue to push our prices up.
Yesterday the Naples News reported through the Naples Area Board of Realtors Naples real estate prices rose 18%+ July 2013 to July 2014. Please see the full article at http://www.naplesnews.com/breaking-ground/real-estate/nabor-july-median-housing-price-up-18-percent-over-2013_58738027 . Readers of our blog are not surprised. Our price forecast is for more of the same and can found at http://nangoebel.wordpress.com/2014/08/19/real-estate-prices-will-probably-keep-rising-in-the-near-term/.
Short supple and steady volumes are driving these markets. A look at the supply position this morning shows the Naples all area inventory at 4.04 months. 12 months would be considered “equilibrium” where price pressures are neutral. As long as volumes hold – an inventory level of 4.04 months should be very supportive of price increases.
You can see these trends neighborhood by neighborhood by looking at our monthly report at https://www.naplesbestaddresses.com/2014/07/25/hows-the-real-estate-market-in-naples-florida/. Our next analysis will be made available in two weeks showing new figures but know this – supplies are short, volumes are good and prices should continue to rise here.
Hang on for full season in a few months we may see something spectacular!
Give us a call at 239.595.3921 and we will be pleased to answer your questions and remember to read our eBook “Understanding Naples Real Estate” – go to – https://www.naplesbestaddresses.com/offer/ – for your copy.
We hope to meet and talk with you soon,
Mark Goebel PA, Nan Goebel PA and David Goebel, PA Co-Founders of the Naples Best Addresses team Coldwell Banker REALTORS at Coldwell Banker 5th Avenue South Mobile: 239.595.3920 (Nan) 239.595.3920 (Mark) 239.285.2038 (David) NaplesBestAddresses.com Facebook: NaplesBestAddresses Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main
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.
We are pleased to announce a portion of our real estate earnings go to support the The Naples Botanical Garden, Habitat for Humanity Collier County, The Race For The Cure Citrus Ride, The Seacrest Country Day School and The Naples Winter Wine Festival.
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.
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