Naples, FL- The Naples real estate market keeps improving. I thought you might enjoy watching a video of the Third Quarter 2013 Real Estate Statistics:
Inventory and days on the market continues to decrease. More movement has been seen in higher price ranges.
It will be interesting to see how this coming season's real estate market will be. I know that in the beach areas, such as Pelican Bay, the rental market has been the tightest market I have seen in years! Will all these tenants turn into Buyers this season? Will they continue to rent? We will just have to wait and see.
What will you be doing this holiday season? Is a trip to Naples in store for you? Friends and family have asked me if I miss seeing snow around Christmas time. I'm sorry to say I DO NOT miss snow any time of the year!
I'm sending you all my best wishes for a very Happy Holiday and a healthy and happy 2014!
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 36 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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Naples, Florida - The Naples Board of Realtors recently released the June 2013 real estate statistics. The good news is that the inventory has decreased AND there has been an increase in prices! Let's take a look at what's happening in the real estate market in the 12-month period ending 6/2013.
JUNE 2013 - CONDOMINIUM SALES BY PRICE RANGE
Sold Price Ranges
% of Sales
Months of Inventory
$0 - $300K
$300K - $500K
$500K - $1M
$1M - $2M
Median Sale increase from $165K to $189K
June 2013 – CONDOMINIUMS BY AREA
Sold By Area
A "Normal" market is considered to be one that has a 6 month inventory. As you can see from the above charts, the under $300,000.00 market and the Central Naples market has already reached a "normal" market.
JUNE 2013 – SINGLE FAMILY SALES BY PRICE RANGE
Median Sale increase from $225K to $263K
June 2013 – SINGLE FAMILY BY AREA
The single family numbers show us that the under 300K market’s inventory is below the “normal” 6 months and the $300,000.00 - $500,000.00 inventory is rapidly approaching a “normal” market. Central, South, and East Naples are almost at a “normal” market. The single family market also showed a nice increase in median sales price!
The National Association of Realtors recently published its second quarter of 2013 statistic showing Naples, FL had a 29.3% increase median sales price.
My husband and I have lived in Naples for 17 years. This has been the busiest summer that we have ever seen! Stores and restaurants have been crowded; not as packed as in season but astonishing for summertime in Naples! On August 10, 2013, the Naples Daily News reported in “Summer’s Steady Stroll” that in downtown Naples sales in June and July were the best in years! Are more people visiting? Do we have more full time residents? I don’t know the answer but I DO know there are definitely more people in town.
April 2013 - CONDOMINIUMS
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 for condos are still being driven by the under $300K market.
April 2013 - SINGLE FAMILY HOMES
April 2013 - Single Family Homes
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.
YouTube | Linkedin | Google | Website | Twitter | Facebook
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
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.
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