Posted on Thursday, August 23, 2012
CNBC reported this morning on the continued real estate recovery in the United States (http://www.cnbc.com/id/48760858). Good news for all, including an increase in job opportunities which traditionally follow a real estate recovery.
The news in Naples, Florida this morning is local real estate inventories have now fallen below seven months for the first time in a long time. Even with slower volumes in the summer off-season months our property supply continues to decrease. What we are seeing is a steady decrease in supply as buyers out numbered sellers over the last few months. With high season on the way an increasing number of visitors against a shorter supply could do some interesting thing to prices.
Readers of this blog will know this good news is unevenly distributed so get with a Realtor and know your local markets. Some areas of Naples have longer supplies and the position is slightly different. While fishing the back country with a good friend yesterday he reported some Chicago neighborhoods still see multi-year inventories. BUT … the overall numbers are improving and we are a lot better off than we were a couple of years ago.
As we brace for Hurricane Isaac we hope for the best here weather-wise and for continued good fortune in an improving 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 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: mark.c.goebel@gmail.com
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Twitter @mcgoebel
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