Happy Holidays! Will you be spending the holidays in Naples? While Naples might not have the snow some people long for at Christmas, we do have sandy beaches, blue skies and plentiful sunshine!
The Naples Board of Realtors® recently release the real estate statistics for November 2011. While the number of closed sales for the overall market in the 12-month period ending November 2011 showed an increase in closed sales, 5,834 of the 8,335 closed sales were all under $300,000.00. The overall market during this time frame also showed a decrease in price from $180,000.00 to $175,000.00. Inventory in the overall market is at 10.97 months. A "normal" market is said to have 6 months of inventory.
People keep asking me what might happen with the Naples FL real estate market in 2012. For years I have kept a crystal ball on my desk and I have to tell you it is always cloudy! My guess is that the Naples FL real estate market will still decline in price a bit. Until we get closer to the illusive "normal" market, I can't see increasing prices.
I have been in this business for 33 years. I have seen many election years come and go. In my opinion every election year has not been a banner year for real estate. That's just my opinion. It is not based on any facts, just my observations.
Should you have to sell you Naples home, while location, location, location is always an important factor; in this market the factor is price, price, price! If you have been thinking of adding an incentive to help sell your home, you might want to read this: Home Sale Incentives Work at Right Price.
If you are looking to purchase a home in Naples, and hope find a home under $300,000.00, you'll have a lot of competition. Roughly 70% of all the sales made in Naples are under $300,000.00. Only 15% of the overall market is between $300,000.00 -$500,000.00. If you can stretch your price range, there are some great buys in this price range.
Wherever you may be for the holidays, I hope you are surrounded by family and friends. Please accept my best wishes for a happy and healthy 2012!
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 33 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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