Wonder what happened to the real estate market in Naples Florida during 2012? Are we at the bottom of the market yet? Let's take a look at the figures. Here's the link comparing the annual 2011 real estate statistics to the 2012 annual real estate statistics.
2012 YTD - CONDOMINIMUMS
Sold Price Ranges
% of Sales
Months of Inventory
$0 - $300K
$300K - $500K
$500K - $1M
$1M - $2M
Sold By Area
A "normal" real estate market is said to have 6 months worth of inventory. Condos under the $300K price range and the North Naples and Central Naples are rapidly approaching a "normal" market. The percentage of sales are still being driven by the under $300K market.
2012 YTD - SINGLE FAMILY HOMES
2012 YTD - Single Family Homes
The single family market is also being driven by sales under 300K; however the remaining inventory in that price range is only 4.8 months!
This season has started off with a bang! Our inventory has been lessening since the beginning of the year. Just by looking at these numbers, it appears that we are starting to turn a corner, especially in the North and Central Naples areas. If you were hoping to find a single family home in Naples under 300K, you can tell from the numbers, you will have a great deal of competition in that price range.
For the first time in years, I have been telling some Sellers that we can get a bit more aggressive on pricing based on the amount of inventory for sale in their area.
Would you like to own a home in Naples? Search here, once at the search page, you can search by development or map area, save your search and new listing updates will be e-mailed to you.
Should you be thinking of selling your home in Naples and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation. Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.
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About the author:
Lynn Wilber is a Real Estate Professional who lives in Naples. Her 35 years of real estate experience and her area expertise have been valuable resources for Naples Sellers and Buyers. For more information, please contact Lynn Wilber or call 239-594-2780.
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