2014 Real Estate Predictions: Where Does Volume Go?

 

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Readers of the blog will recognize our 6th and final prediction for 2014 and one to keep an eye on – volume, where will volume go in 2014?

With population growth, new construction growth and price increases in the face of modest lending rates 2014 is shaping up to be a great real estate year – but will prices choke off some of the growth? Let’s take a look.
We are in a bit of a supply shortage right now. Inventories are at 6.54 months for single family homes and 7.63 months for condos (data from Matrix SWFLA MLS). Prices and volumes have risen in the face of the shortage so far. If we can add enough new inventory then we are ok. However, if inventories can’t keep up there may come a time when properties may become too scarce, expensive, and buying may plateau. This will not necessarily drop prices, but we expect it may curtail the rate prices rise. We will see.
Watch for rates of new construction (it is coming but we have to move from ground braking and permits to real properties on the market for sale) and more sellers of existing homes to go to market to keep raise supplies. This is what we need right now.
As a disclaimer, all real estate is local, and these are just predictions. Please don’t take these broad conclusions and apply them to your own individual 2014 real estate experience.  Why? Because real estate in this town differs street to street. Do not use these trends in any manner to judge what will happen to you individually.

This being our last blog of 2013 we give thanks for a great year in Naples – climate, no major storms, the health and well being of our family and this incredible southern lifestyle. All the best to each of you from the Naples Best Addresses team and may you have a good and prosperous 2014.
Call us at NaplesBestAddresses.com for help with any Naples, Florida real estate needs. Follow along with us at these locations: Mobile: 239.595.3921 239.595.3920
web: NaplesBestAddresses.com. Facebook: https://www.facebook.com/pages/Naples-Best-Addresses/168137533202628. Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main. Twitter: @mcgoebel.
Mark Goebel PA & Nan Goebel PA
Coldwell Banker
Mark Goebel, PA and Nan Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921 239.595.3920
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.
We are proud supporters of The Naples Botanical Garden and Habitat for Humanity
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, transitional design and Naples Florida population trends.
Coldwell Banker
Mark Goebel, PA and Nan Goebel, PA
REALTOR Coldwell Banker 5th Avenue South
Mobile: 239.595.3921 239.595.3920
NaplesBestAddresses.com
Facebook: NaplesBestAddresses
Youtube http://www.youtube.com/user/naplesbestaddresses?feature=results_main

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