Posted on Wednesday, March 25, 2015
(walk around town and you will see Naples is really jumping!)
All the “on the ground” signs here in Naples point to a continued real estate boom. Yesterday we received a call to help out another resident sell their place, another client is returning from the east coast to take another look at Naples and a lot of people were seen on Sunday looking at open houses. All of those signs are in the re-sale market – you should see the new construction work from new individual homes and big developments. Wow – a lot is moving here.
(new homes with open houses drew a lot of interested buyers – like this one 1t 1520 Curlew)
We will have more to share at month end but let’s take a look a high level look at the numbers this morning. Supply is now under six months – a level very supportive of further price increases. According to the Matrix MLS this morning there are 4,370 properties for sale in Naples – down more than 100 from last month – and volumes are accelerating squeezing supply and supporting this seller’s market.
The Naples Area Board of Realtors released in March report (please see the full article at http://documents.naplesarea.com/NaplesArea/Press_Release_2015_March_(report)_NABOR_Report_Indicates_Healthy_Market_Trends_Continue.pdf). In the NABOR report we read “An increase in the number of home sales in the over $300,000 price categories, overall rising median closed prices, and an increase in inventory in most price segments were just some of the trends.”
(big development is running strong right along side resale properties)
I encourage you to read the full NABOR article as it details some of the underlying price segments and offers opinions on market trends. One of the more interesting parts of this article is the view on the condo market. Readers of our blog will know we’ve shouting about the relative bargain in condo prices right now and the NABOR article supports our claim AND offers some additional reasons. More on this in a few weeks when we do our deep dive on the condo market.
So …. with just a few weeks left of “season” the market keeps rolling along.
I hope you have an opportunity to visit or live in Naples or Marco Island. If you would like to know more about living here just give us a call at 239.595.3921.
(The Naples Best Addresses Team: Coldwell Banker on Fifth Avenue South)
Please also consider reading our book “Understanding Naples Real Estate” to get you started on a real estate search https://www.naplesbestaddresses.com/offer/ or just give us a call about things to do here.
We look forward to meeting and talking with you soon,
Mark Goebel PA, Nan Goebel PA and David Goebel, PA
Co-Founders of the Naples Best Addresses Team
Coldwell Banker
Mark Goebel, PA and Nan Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921 239.595.3920
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 Count and The Naples Winter Wine Festival.
Some of the data related 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 and son David. Talk to Mark, Nan and Dave 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.
