Posted on Thursday, June 28, 2012
What global recession threat? It looks buyers appetites for Naples real estate is going to continue into July. A look at pending sales, those under contract without contingencies, are looking strong for next month. 860 properties are scheduled for final sale. If you add in some additional closings where offers and closing occur in the same thirty days, we may continue to clip along at the 1,000 properties a month pace – a little interesting when we only have 5,200+ for sale. We will see if supplies tighten further and prices rise even more.
The story of pending sales strength is also a national theme. The National Association Of Realtors reported yesterday “Pending home sales bounced back in May, matching the highest level in the past two years and well above year-ago levels …Every region saw monthly and annual gains.”
Future forces look somewhat positive – European vacationers are soon to arrive, interest rates are at record lows and the US may look like a safe haven to some international investors. We do have some concerns such as rising prices may choke off demand and the “fiscal cliff” is going to need a non-recession answer – very tricky stuff.
For now things go well. Tropical storm Debbie has watered our plants, given a boost to our aquifers and moved on. The sun is out today – both in the sky and in the real estate results.
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