Posted on Tuesday, January 08, 2013
Here we go, high season in Naples, Florida. Our real estate market has shown steady if not great improvement over the last couple of years and recent months show we are off to a great start for the 2012-2013 season.
Why? First of all our inventory, or supply, remains lower than in previous years. The lower the supply, the tighter the market, and the more support we see for prices. As of this morning in the Sunshine MLS for the All Naples Area I calculate 7.24 months. Not bad considering we were well over a year supply not too long ago AND some areas were well over two years. With 5,472 properties for sale and 9,068 sold over the last twelve months we have a good thing going.
What about volume? Lower supply is good but do you have the volume to go with it? For examples a low inventory market may just sit there with no one buying or selling – not so good. What is the story in Naples? Pretty good news. In September we say volumes around 600 closings per month (about 500 or or so in prior years) and now in the start of high season volumes have risen to 750 + per month. Good stuff. Folks are still buying up property even as the supply decreased.
Shouldn’t this translate into price increases? Yep. With average prices for all properties hovering around the $300-350K in recent months we now have climbed to over $400K – this differs widely by area but median and average prices are up.
What if I am not a numbers person and all of this seems like a lot of gobilty gook? Well just come on down and look around. Folks are coming back to Naples this season. Traffic is up, restaurants are busy and the latest census shows our state is growing in population again.
Real estate looks very good so far this year!
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