The price of real estate like any other scarce resource is subject to the forces of supply and demand – and as Realtors and Naples real estate property owners we really liked the population growth news we received last week. I grew up in a state which is declining in population and I know how tough it is to sell real estate or to own real estate in a down market.
So the population growth news is a positive for the demand side of Florida real estate. Florida Realtors reported ”Texas gained more people (529,000) than any other state between April 1, 2010, and July 1, 2011, followed by California (438,000), Florida (256,000), Georgia (128,000) and North Carolina (121,000), according to the latest U.S. Census Bureau estimates for states and Puerto Rico. Combined, these five states accounted for slightly more than half the nation’s total population growth.
And what about the supply side of Naples real estate? Still good – down significantly from last year increasing scarcity and supporting prices.
Come on down and have a look – the temps are in the 80’s today and we are headed outside for some fun – in the middle of December.
No legal or investment advice or suggestions are being given in this Blog. Actual real estate price and sales results are subject to market forces and are not completely predictable. Please consult a lawyer or investment advisor for such legal and investment advice. The writings of this Blog are intended for the sole use of our clients.
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
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