Posted on Wednesday, June 20, 2012
It has been said you need different race horses for different courses – true in business and real estate. How do you know what type of real estate to invest in or build in today’s market? We know the days of the McMansion appear to be done or dormant so what’s next?
Florida Realtor Reported “Townhouses and single-family homes are sprouting on old industrial sites in the heart of Southern California cities. In Florida, developers are coveting foreclosed golf courses in urban centers to put up new subdivisions. Builders in Texas are going after available land even near landfills for residential and retail development.” The article goes on to say subdivisions are out and near-town-center is in.
We can also see rentable product is in as buy-shy snowbirds may rent for a while to test the recovery while unable to sell their home. Golf courses may be out as new developments like Sable Bay nixed their once included golf course. 3,000 square feet or less looks more appealing than the big, big places as Lely proved so well. HOA fees are out as buyers seek stand alone places – even in Port Royal as we see some Port Royal to Olde Naples migration.
Ah the fickle winds of real estate. If you followed yesterday’s blog on new construction premiums you better know what to build.
What are your thoughts?
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 Addresseses – Where The Best Address in Naples Real Estate Is Yours