Posted on Wednesday, September 24, 2014
The Naples News says real estate prices are up 18% over the last year following a very strong prior year. A lot of property owners are asking what their place might be worth. Contact us at 239.595.3921 and we will conduct a comparative market assessment for your home.
(the new on-water British West Indies home under construction at 1480 Curlew)
Here is how we help you figure out what your place is worth …
Supply and Demand comes first. We take a look at your particular neighborhood – a step often skipped by home owners and Realtors. Why do we look? It is said all real estate is local. In your neighborhood for example we may have seen greater or less price appreciation than the general Naples market. More importantly the existing inventory may forecast further price behavior.
We look at the current selling rate and existing homes for sale to calculate your neighborhood inventory. If we see under a twelve month supply and we should see more price increases. We also take the added step of looking at trends. What was this figure last month and the month before for example? At Naples Best Addresses we track and record this data to help our sellers estimate the value of their property. This is the sort of market data you should start with.
Next comes the traditional Realtor comparison of properties for sale, under contract and recently sold to help estimate the value of your place. We pay particular attention to condition, location, and style differences as well as that all important price pre square foot figure. In addition we heavily weight actual current sales over not-yet-sold prices as we find many sellers have a “pie in the sky” view of their home values right not given all the newspaper headlines of a rising market.
We are not done yet. We need to look at days on the market. Many of our sellers want or need to move on and do not want to spend a lot of time and trouble selling their home. We see some properties for sale for over two hundred days sometimes! Many times the cost per square foot number is directly linked to selling time – and we will help you work through this.
We also recommend appraisals in some cases where we are looking for further confirmation of our estimates. They come at a cost but are many time worth the price.
If you would like an estimate of your property’s worth or need help selling your property please give us a call at 239.595.3921 and let us help you sell your place or look for a new home – we would be very pleased to work with you.
Remember some of our readers are enjoying our eBook “Understanding Naples Real Estate” – go to – https://www.naplesbestaddresses.com/offer/ – for your copy.
We hope to meet and talk with you soon,
Mark Goebel PA, Nan Goebel PA and David Goebel, PA
Co-Founders of the Naples Best Addresses team
Coldwell Banker
REALTORS at Coldwell Banker 5th Avenue South
Mobile: 239.595.3920 (Nan) 239.595.3920 (Mark) 239.285.2038 (David)
NaplesBestAddresses.com
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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.
We are pleased to announce a portion of our real estate earnings go to support the The Naples Botanical Garden, Habitat for Humanity Collier County, The Race For The Cure Citrus Ride, The Seacrest Country Day School and The Naples Winter Wine Festival.
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.
Contact us to learn more about Naples real estate trends, the florida rental market, Naples design ideas like coastal contemporary and transitional designs or just get a feel for the place like Naples Florida population trends.
