In the early days of 2013 Naples, Florida real estate it seems the forces of supply and demand are fighting it out to a standstill. Inventory, now at 7.5 months climbed a bit as more sellers are entering the market against even demand. New properties for sale stand at 5,646 in the all Naples area in the Sunshine MLS with 9,086 properties closed in the last twelve months.
We all liked the double digit price gains of 2012 and all are hoping for more to follow – but keep your eye on supply. What we do not need is a bunch of sellers entering the market after patiently waiting out the last few years. But … good for them and their patience.
Another action to watch – large scale home development. A few big projects are breaking ground with well thought out product for the current market. Look for more communities with walking trails and outdoor fitness and less golf and homes more in the mid size range. Lely was one of the few large scale operations that weathered the last few years pretty well – look to them as an early model for new developer plans.
Look for more variation across neighborhoods. In one gated community alone we see a healthy market but on one street in particular a number of homes for sale and stuck on the market for a long time. Over priced? Probably. Need to be in better condition? Most are Ok. Marketing Ok? Yep. Location Ok? Yep. Must be price primarily.
Remember to work with a good local Realtor to really understand your local market and the markets within markets in your area.
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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 NaplesBestAddresses.com Facebook: NaplesBestAddresses Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main