Posted on Thursday, April 19, 2012
Low inventory is one thing but a nice volume pop these past few weeks adds support to the idea our Naples real estate market is rebounding. Our readers already know about recent reports in this blog of supplies below nine months and the 20%+ increase in average sold prices since January 1, 2012, but now we have some real volume running through the market.
In the last four weeks according to the Sunshine MLS for the “All Naples Area” 912 properties sold compared to 800 for the prior four weeks – a 14% increase. That is more like it. This pop in sales volume also decreased supply further to 8.6 months. This rising volume combined with decreasing inventory should continue to provide support to prices.
What is the other side of this optimism? Well for one thing we are at end of season here. We are in the post Easter-Late April time frame when spring breakers start to head back to class and snowbirds button up their places and head north. The population of Collier County can shrink from 300,000+ to 80,000+ souls in a matter of weeks. We will see if the annual spring migration cools off the market. Perhaps as a positive foreshadow of current events last summer’s Naples real estate market held up pretty well with plenty of international tourists in town.
We are all feeling a lot better here in Naples. With property values rising and one of the best tourist seasons in a while our local employment market and economy are looking better as well. Let’s hope this run continues.
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.
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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