Posted on Tuesday, April 01, 2014
There seems to me no letting up in the Naples, Florida real estate market. One Old Naples resident remarked to me there is just “silly money” out there. His neighbor just listed by owner a small cottage for well over $1,000,000.
The numbers back up the stories this morning. The “all Naples” inventory in the Matrix MLS is 5.7 months. Single family homes are slightly softer at 6.46 months but still supportive of increased prices. Wow, are you kidding me? I am still thinking of the real estate appraiser who told me last month his office thinks prices are rising 1%+ per month. Clearly the market is running hot and well priced properties in good condition are selling quickly.
You might be thinking the market is running hot because we are in peak season when volumes tend to spike. This is true but summers are holding up well here running about 70% of peak volume. With more year round residents and European summer visitors the summer real estate trade should run along ok.
This past week the Naples News reported our local market is healthier than the state and the nation. Please read the full article at http://www.naplesnews.com/news/2014/mar/27/collier-marco-housing-market-compare-state-nation/.
When will the market start to cool off? There are some signs on the horizon but they still seem a ways off. New construction by the big boys is underway and you would think this would dampen the re-sale trade – but not yet. Prices keep going up which should back down volumes and build inventory – but not yet. Rates should rise (when???) increasing borrowing costs and slowing demand – but not yet.
Today there is not a lot standing in the way of continued market growth. Many things run in cycles – especially Florida real estate – and what goes up might come down – BUT for right now the sun is shining, the buyers are buying, and the sellers are celebrating a return to rising prices.
If you would you like to know more about Naples, Florida lifestyles, our festivals and some great things to do here just give us a call at 239.595.3921. If you want to rent, sell, buy or invest here one day you might download a copy of our eBook Understanding Naples Real Estate https://www.naplesbestaddresses.com/offer/.
Hope to meet and talk with you soon,
Mark Goebel PA & Nan Goebel PA
Co-Founders Naples Best Addresses Team
Coldwell Banker Mark Goebel, PA and Nan Goebel, PA REALTOR Coldwell Banker 5th Avenue South Mobile: 239.595.3921 239.595.3920 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.
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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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