Posted on Thursday, January 12, 2012
Maybe it is just beginning of the year optimism but the real estate market just feels better right now. At our Coldwell Banker meeting yesterday morning we went through the 2011 statistics for southern Florida – what a difference a couple of years make. Prices are up, inventory is down, and volumes are going along ok.
In addition to the past numbers the future looks a little brighter. Why? The developers are back with three different projects on the boards. We have gone from the very dark days of a few years ago when a walk through our local pawn shop would show shelves of construction tools all left behind from a devastated workforce. Now glimmers of hope in the big volume developer world. We will see when these projects break ground and how they play out – but we are heading in the right direction.
On the national scene it seems there are more signs of life. Florida Realtors reported two days ago a growing number of improving national markets. They reported “The number of housing markets showing measurable improvement nearly doubled in January with the addition of 40 new metros to the National Association of Home Builders/First American Improving Markets Index (IMI). The IMI now shows 76 improving markets, up from 41 in December, with 31 states and the District of Columbia represented by at least one entry.”
The good news for our customers is the Realtors you meet today came through the tough times. In all likelihood their skills are sharpened, their work effort is there and their customer service is good. Customers today should be greeted by improving markets in southern Florida and even better professionals.
We will be interested in the end of month volume numbers to test this market optimism. Prices are up, inventories are down – if we have some volume to go with it we might be on to a good 2012. Stay tuned for more thoughts on this.
Tell us what you think about your local markets – what are you seeing out there?
No legal or investment advice or suggestions are being given in this Blog. Actual real estate price and sales results are subject to market forces and are not completely predictable. Please consult a lawyer or investment advisor for such legal and investment advice. The writings of this Blog are intended for the sole use of our clients.
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
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