Posted on Tuesday, July 31, 2012
Here we are, the last day of July and in the dog days of summer in Naples, Florida – but you would not know it. Traffic is up in town, restaurants have more people, more folks are in Church and real estate is running along very nicely. This summer just feels a little busier. One local law firm specializing in real estate closings said yesterday they are “in season” busy.
Let’s take a look at the numbers. Prices are up and steadily climbing. A year ago you would see the average SOLD price of a Naples property below $350,000. Today the trend climbs above $400,000 (source: Sunshine MLS). In addition supply or inventory figure remains low – 7.2 months as of this morning. Shorter supplies tend to mean better price support. Volumes fell this month, typical of summer and somewhat counter to the anecdotal evidence above and something to watch.
As always, we need to watch these trends neighborhood by neighborhood as figures vary by type of property – but know this – we can stop saying Naples real estate is going to rebound – we are out of the woods of two years ago and are now in a more normal market. It these are the dog days of summer I cannot wait for season. Imagine those volume increases against low inventory. It is going to be interesting.
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 Address – Where The Best Address in Naples Real Estate Is Yours