Why people are moving to Florida – And What It Means For Real Estate

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As my son and his fiancée travel south today to relocate to Naples, Florida so I thought I would write about the bigger picture – a significant migration is underway to Florida once again – and not just old folks. Although our population growth stalled out a bit a few years back we are again growing – and growing in ways you might not imagine.

First we have the whole baby boomer thing going on and much has already been written about this topic. The result? Florida is about to join California and Texas as one of the three most populist states in the country. Look for more national influence more electoral votes and more opportunity.

What you may not know about the Florida movement is the migration of businesses along with the people.  Add names like Amazon (new warehouse in Tampa) or Hertz world headquarters (Naples) to the Florida market.  No personal income taxes, no cap gains and a state running a surplus. We are much maligned as too old or too crazy with our gun laws but remembers this – our model is working and we see businesses and people moving here.

Naples, Florida, is one of the in state destinations seeing an increase in population, businesses and tourism. We are bursting at the seams with regard to available restaurant reservations and traffic as our growth is again in full gear.

What does all of this mean for real estate? Scarcity primarily. Our inventory of available property is low – running 6-7 months and as a result prices are increasing significantly. New construction is selling quickly and spec home businesses are again blooming.

Keep an eye on all properties near the beach.  Due to our height limitations through zoning laws Naples is growing sideways to the east and north and there are few ways to increase property availability near the beach or town. Average prices have now gone over $1,000,000 in Old Naples and rents are on the rise attracting more property investors.

Sellers in general are feeling a lot better. Some may still be under water if they purchased during the boom but in general sellers are re-entering this more attractive market.

Can you still find places as a buyer? Of course. Can you still make mistakes as a seller in this market? Yes again. Get with our team and we will help you sort it out.

If you would you like to know more about Naples, Florida or things to do while living or visiting here just give us a call at 239.595.3921. Or if you like download a copy of our free eBook Understanding Naples Real Estate http://www.naplesbestaddresses.com/offer/
Hope to meet and talk with you soon,

Mark Goebel PA & Nan Goebel PA
Co-Founders 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
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 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.

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