Posted on Tuesday, November 13, 2012
From Jamie Dimon’s comments on CNBC last week to additional national reports it seems real estate is headed in the right direction again. In our local Naples, Florida market inventory is down, prices are more stable and if we see some volume increase in the coming tourist season we could see a nice upswing in prices. Nothing like the glory days of a few years back but certainly better.
Florida Realtors reported this morning reported on the national scene saying (
) “The housing market recovery should continue through the coming years, assuming there are no further limitations on the availability of mortgage credit or a “fiscal cliff,” according to forecast presentations at a residential forum at the 2012 Realtors® Conference and Expo. Lawrence Yun, chief economist of the National Association of Realtors (NAR), said the housing market clearly turned around in 2012. ‘Existing-home sales, new-home sales and housing starts are all recording notable gains this year in contrast with suppressed activity in the previous four years.’”
For further evidence of improving we trends we researched the local Naples, Florida market. According to the Sunshine MLS this morning for the All Naples area, pending sales are up and broke through their twelve month running average volume – a sign the market is starting to wake up here early season. Sold listings are also up and prices remain stable. All real estate is local so be sure to check with your Realtor for local market trends – but the national and Naples, Florida market is looking better.
Will all of this last? Hard to say. We need a reasonable landing in the fiscal cliff discussions – but almost any reasonable answer will eliminate a lot of uncertainty and may give us a foundation for a lasting run. We will see.
If you have any questions just contact us and we would be pleased to help you. For National And Naples Fl real estate trends see our YouTube channel http://www.youtube.com/user/naplesbestaddresses?feature=results_main .. or register at http://NaplesBestAddresses.com.
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 NaplesBestAddresses.com Facebook: NaplesBestAddresses Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main