Overvalued Housing Market? Everyone is taking about it, and there doesn’t seem to be a “one size fits all” answer to the question, Is the Naples Housing Market Overvalued? Recently in an article published by Realtor.com, I found a pretty good explanation to this question which seems to be coming up more and more often. Especially with the upward pressure of housing prices, those first-time home-buyers, service industry workers
Read MoreMost “Best Beach” rankings only consider the quality of the sand and the sunsets, but as reported recently by Florida Realtors News, a current study also ranked median home price, the number of beaches, miles of shoreline and average temperature, as well as the average length of the community’s “swim season”. To be considered a good beach town each also had to have at least one access to a beach
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Naples FL April 2022 Real Estate Market Report The April 2022 Naples Area Market Report has been published and there is some interesting data to share. According to the Naples Area Board of Realtors, the broker analysts which track home listings and sales in Collier County [excluding Marco Island], believe our market has reached a “crossroads” and is making a turn towards a more balanced housing market. A major factor
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For the first time in months, we are seeing days where the “new listings” outnumber the “pending” listings…Not every day, and not by much, but it is step in the direction of having a higher overall inventory…Time will tell. Year-over-year, in last month’s report, we saw a decrease in inventory of 72 %. In this market report we see overall inventory down 24 % year-over-year. In my last monthly report,
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Naples Real Estate February 2022 Update Comparing housing statistics for the Naples area, February 2022 to February 2021, we find a decrease in inventory of 72%. New listings in February 2022 totaled 1,261 compared to a year ago, 1,467. Additionally, the average days on the market is down from 73 to 23. The Median closed Sale price is up 38% from $400,000 to $550,000 year-over-year. We believe prices are beginning
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According to a report, published by the Naples Area Board of Realtors in January, the demand for the Naples Lifestyle “eclipsed all expectations” and contributed to many home-sales records in 2021. The year ended with a 25.8% increase overall in the number of closed sales and over a 20% increase in the median closed sale price, year-over-year, in the Naples market. Here are a few findings worth sharing to help
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Do you want to know what I think is one of the best deals in town? Did you know that Collier County Museums offer five diverse locations where you can explore the history of Southwest Florida? Did you know the entrance fee to each museum is FREE?! Yes, free admission, free education programs, free lectures, free exhibits! So whether you are interested in learning more about the past at the
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We have heard conflicting stories about a “bubble” bursting in the Florida real estate market...Much of this market is being driven by demand, which we don’t think will stop anytime soon. Florida is seeing an influx of new permanent residents from the NE and Midwest, as usual, but additionally Californians are migrating to the Sunshine State. We've had several sales pend "sight unseen"! Our market is hot and we don't
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Lately, one of the most frequently asked question I've been receiving from clients who are thinking about selling is, "But if I sell, where am I going to go?" This is a common dilemma in a rising market. On one hand, you want to take advantage of the "Seller's Market", with median closed sale prices up over 18% year-over-year...but, unless you are looking to downsize or relocate somewhere else in
Read MoreI have always preferred to look at life's challenges as lessons not obstacles...failures as opportunities to learn. Who else can join me in looking for the bright spots in 2020? There are some...I promise... This crazy year is one we will never forget...we have all been effected one way or another; known many who survived the pandemic, while some did not....Businesses that thrived [think commercial cleaners and face-mask manufacturers] and
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