Posted on Saturday, June 20, 2015
(what a market in Naples these days – sales are strong even in the so called “off season”)
The Naples News reported today “median resale home prices rose a whopping 23 percent, from $270,000 to $332,000 in May 2014, primarily fueled by double-digit gains in both the highest and lowest ends of the market”.
Readers of the blog will remember our report last month showing the basis for the results today … low inventories, accelerating volumes combined with demographics (think migration) and business formation and you have the recipe for a hot real estate market.
This week Bloomberg forecasted the top 18 growth areas in the United States and where did Naples rank? #1. Wow. Our little town is on a roll. Other Florida towns made up quite a few of the top picks as the State in general is growing significantly – recently passing New York as the third largest state.
(we just returned from the North country and although we loved it you cannot beat these topical views)
Sure, new construction in the big developments are taking approximately half of all the new buyers but existing home sales still are up 23%. Well priced existing homes in great locations are selling quickly. Look for continued price movement in the upper and lower ends of the market as the “barbell” continues.
(new construction like this on water Key West home is in the sweet spot of the market)
It is our great delight today to take buyers out today interested in their first purchase in Naples. One of the best and most rewarding things we do is help people find their dream home.
Why not pick up the phone and catch up with us and let us know how you are doing? Just give us a call at 239.595.3920 (Nan) or 239.595.3921 (Mark) or 239.285.2038 (David).
(The award winning Naples Best Addresses Team at Coldwell Banker)
Please also consider reading our book “Understanding Naples Real Estate” to get you started on a real estate search https://www.naplesbestaddresses.com/offer/ or just give us a call about things to do here.
All the best,
Nan, Mark and David Goebel, PA’s
Co-Founders Naples Best Addresses
Mark Goebel, PA and Nan Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921 239.595.3920
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.
We are pleased to announce a portion of our real estate earnings go to support the The Naples Botanical Garden, Habitat for Humanity Collier Count and The Naples Winter Wine Festival.
Some of the data related 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 and son David. Talk to Mark, Nan and Dave 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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