Posted on Sunday, November 09, 2014
As a follow on to our article or last week relaying the 15%+ price pop per the NABOR we thought we would look at the first few days of season here and dive into the details – oh boy. This blog will be mercifully short as we are only passing along one important fact to our readers – supplies are tightening again.
After watching supplies slowly climb and volumes fall during the summer off-season a great debate raged regarding our market here. Was the summer season the reason for the softening market and slowly increasing supplies or were increased prices starting to choke demand?
Answer? Looks like we were in a typical seasonal lull as recent results show the supplies of real estate in Naples are again falling again – and with falling supplies should come more price appreciation. For the first time since July 1 we have seen a revers an in supply and volume as it now looks like the new season is bringing buyers to soak up the sunshine and real estate again. On Friday per the Matrix system the Naples real estate market fell to 5.6 months inventory – a level very supportive of price increases.
Wait. Didn’t prices rise last year 18%? Yep. Didn’t the last twelve month report from NABOR site a recent 15%+ rise. Yep. Isn’t the current inventory level of 5.6 months supportive of more price increases? Yep. Are we in a bubble? Nope (see http://nangoebel.wordpress.com/2014/11/07/naples-home-prices-are-up-again-but-are-we-slowing-down/). Looks like the start of early season holds real promise for another great year in Naples real estate.
There are many real estate and lifestyle options here in Naples, Florida If you would like to know more please pick up the phone and call the Naples Best Addresses team at 239.595.3920 (Nan), 239-595-3921 (Mark) or 239-285-2038 (Dave). I would also encourage you to download a eBook “Understanding Naples Real Estate” https://www.naplesbestaddresses.com/offer/ to get you started. Visit us as well at
NaplesBestAddresses.com.
Hope to meet and talk with you soon,
Mark, Nan and Dave Goebel PA’s
Co-Founders of the Naples Best Addresses Team
Coldwell Banker
Coldwell Banker 5th Avenue South
NaplesBestAddresses.com
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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. We are pleased to announce a portion of our real estate earnings go to support the The Naples Botanical Garden, Habitat for Humanity Collier County, The Race For The Cure Citrus Ride, The Seacrest Country Day School and The Naples Winter Wine Festival. 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. Contact us to learn more about Naples real estate trends, the florida rental market, Naples design ideas like coastal contemporary and transitional designs or just get a feel for the place like Naples Florida population trends.
