Posted on Tuesday, February 14, 2012
What a great day yesterday. I snuck out for some competitive tennis traveling down to Fiddler’s Creek (my first road game in over 30 years!) – but I digress. Returning to work I set up my listing appointment for today (hope we get it) and my Wednesday closing is looking good. So I should be happy?
Well maybe I am greedy but I am still am concerned about volume in this market. Not my volume, the overall market. Despite the cheery news of reduced inventories and rising prices I would still like to see more volume in this Naples real estate market. After reporting decreased volume in last month’s blog I thought I would revisit the topic this morning with the hopes of a Naples real estate volume increase – nope.
My fellow Naples Realtors sold 1,072 properties this past quarter BUT a whopping 1,677 properties was sold the prior quarter (Sunshine MLS, All Naples Area). Some drop off – and just when we were rolling into season. Weird.
Hmmm. Rates are good, tourist season is the best in a while, lots of folks are looking at real estate in the windows of our office on fifth. What is going on?
Caution is what is going on (just like some of my serves and ground strokes). Folks are not ready to jump back in just yet. Low inventories mean not much to chose from so maybe some cause for lower volumes. Rents are rising so this implies the wait and see crowd is here, but renting and driving up rates (try to find a rental property right now).
A closing optimistic thought in all this? I think we sold off the inventory and volume had to slow. Now we will see if prices rise. Keep your fingers crossed because a recovering real estate market helps everyone.
Have a great day.
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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.
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: mark.c.goebel@gmail.com
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