Posted on Monday, November 04, 2013
Our low Naples, Florida real estate inventories are well known at this point. Just run a simple search at NaplesBestAddresses.com and you will find few properties which fit your search AND look ok when you arrive. Supply is tight and buyers are scrambling.
The first thing I think about in times like these is the big commercial builders. In the Boom-Bust world of Florida real estate it looks like we are back to Boom. So why don’t these builders fill in the supply holes? Well they are trying mightily but it takes a while. Buy Land-Design-Permit-Build takes a while especially when we are a little rusty down here, and … big land tracts are scarce west of Collier road these days. Read our last news letter above to track the new developments.
What to do in the mean time? Enter the American Entrepreneur. For the last eighteen months or so local business persons have seen this day coming and jumped in buying existing places, tearing them down, and cleverly building not just new places but new places which fit the latest trends. Fewer mega projects, less mediterranean and more coastal contemporary, tall ceilings to stamp out those old eight foot ceilings and a more relaxed homey feel.
Want to see how to go about doing this? Well our friend Gary has been building a new spec home and over eighty or so of our followers have been watching along on youtube. Take a look at http://www.youtube.com/watch?v=pbwBv0mAhkc to watch Gary in action.
The Naples News also reported on this trend today. Please read their article Breaking Ground: Naples teardown homes becoming a real estate reality and go to http://www.naplesnews.com/news/2013/nov/04/naples-tear-down-homes-becoming-a-real-estate/.
We looked at a project yesterday but could not make the numbers work. We could not rent it in a positive manner to wait out higher prices nor could we buy it tear it down and rebuild at a profit – to our liking. So, be careful out there. these projects are not an automatic slam dunk.
Please let us know if you would like to talk about the Naples, Florida market or if you would like help buying or selling your home. Stop by online at NaplesBestAddresses.com to contact us (home page top right corner), search properties, view local events, check out our references or just read our blog regarding Naples Florida real estate and lifestyles.
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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.
Coldwell Banker
Mark Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921
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