Posted on Friday, November 15, 2013
With the arrival of season where our local population is said to increase from 85,000 to over 300,000 persons so have arrived the buyers. A quick look at the numbers this morning shows Naples, Florida real estate is really moving again.
According to our new Matrix based MLS 1,368 single family homes were sold in the last 120 days against a current inventory of only 2,016. At this pace we have a 5.9 month inventory of single family homes – one of the best seller’s markets we have had in years.
The condominium market is strong as well with a 7.1+ month inventory at the current pace of 1,143 units sold in the last 120 days against an inventory of 2,042 units.
So what is a buyer to do in a seller’s market? Our best advice is get yourself a good search tool. No they are not the same. Why? Different data sources and features. We recommend a tool using the same data as the local realtors with updates to you (email or otherwise) with new properties or price decreases meeting your criteria. Talk with us and we will get you started.
Now for sellers you might think “hold the line” in negotiations would be good advice but as always it depends. If your property is on the market longer than four weeks with no repeat visits or offers be careful – this online buyers world may have passed you buy. Keep an eye on condition, marketing and comparable price behaviors. Ask your realtor for a check up if your property is not moving in this market.
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.
Mark Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921
NaplesBestAddresses.com
Facebook: NaplesBestAddresses
Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main
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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.
