Posted on Thursday, April 11, 2013
You may remember our recent blog “Here Come The Real Estate Sales – A Look Ahead” showing pending pipeline sales were sure to rock the market – and they did. A look at the remaining supply (inventory) shows we are now at a recent record low of 6.72 months in the All Naples Area of the Sunshine MLS. 5,140 properties are for sale and 9,171 sold in the last twelve months according to this morning data.
So what? Well the so what is solid volumes running across shrinking supplies should be great news for prices. So let’s check the facts. The All Naples area average price was running along at $398,800 and then in March – with this volume-against-shrinking-supply thing, prices did go up, a lot. The average sold price in March was approximately a whopping $480,000 – or 23%. That is some end of season pop folks.
These trends will impact markets. Sellers may be emboldened by the strengthening market and remain stingy when responding to less-than-asking-price offers. Buyers are going to realize there is less to choose from out there AND they may have to pay more for what is left. No wonder we see more ground breaking residential projects from the big boys as supplies dwindle and prices rise.
What should you think about? Get with a good Realtor. Your main concern will be matching your desired lifestyle to your property purchase and understanding the availability and price dynamics of these properties neighborhood by neighborhood.
Let us know how we can help you. Give us a call or email us and let us tell you more about the Naples real estate market.
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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 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.
Mark Goebel, PA REALTOR Coldwell Banker 5th Avenue South Mobile: 239.595.3921 NaplesBestAddresses.com Facebook: NaplesBestAddresses Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main