Naples Real Estate Market News

Home and condo sales in the Naples Florida for sale real estate market were strong again for the first quarter of 2015. A stunning 73 percent of all sales were also cash-only purchases. The cash buyer clearly has an advantage in a low inventory environment like we are currently experiencing. Sellers favor cash buyers because of the shorter closing period compared with financed transactions. In addition, loan contingencies add uncertainty to the closing process. Traditional sales, which exclude both short sales and Naples foreclosures, were also an impressive 91% of total transactions in April 2015. Said another way, Naples Florida for sale distressed property closings were the lowest in the past six years. Things are very healthy these days and sellers

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The number one reason is probably obvious to everyone before even reading this article. The weather in this seaside paradise makes buying Naples Florida vacation homes a great choice. At 26 degrees north latitude, the city is a mere four degrees latitude north of the Hawaiian Islands. This simple geographical fact guarantees warm weather year-round. The second reason is sunsets. The west facing shoreline on the west coast of Florida allows residents to view them every night. It is indeed a local ritual of Neapolitans (yes, it is how we are referred to here) to enjoy nightly sunsets. Most build their evening plans around the event, dining either before or after sunset, depending on seasonal timing. There are many things to do in Naples. The third motive is

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It is possible that Naples Florida home prices could appreciate 30 percent over the next three years. For instance, Local Market Monitor reported last month that Naples Florida home prices could rise as much as 31 percent over the next several years. Fort Myers metro area was not far behind. They went on to say that the usual economic drivers, supply and demand, were not the only culprits causing the rise. Instead, they pointed to unpredictable returns on stocks and bonds, along with aging baby-boomers current low rate of return on cash investments. In addition, the Naples Area Board of Realtors also reported last month that prices were up 19 percent for the 12 month period ending September 2014, and inventory was down 17 percent for the same period. New

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Living in Naples Florida has been the dream of many and is currently a reality for about 465,000 people. With a population of about half of neighboring Lee County (Fort Myers), there are many benefits for those considering living here. There are so many things to do in Naples. Obviously, the weather is at the top of the list for most people. During the dry season, generally thought of as November through May, the weather is absolutely spectacular.  In June, the weather starts to transition to a wetter pattern with rain typically occurring in the late afternoon on some days. July through September, count on the rain in the afternoon on most days, and high temperatures in the low 90’s with higher humidity as well. What is a surprise too many who have become

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The Naples Florida housing market is hotter than ever. With 8,000 baby boomers turning age 65 every day now, there continues to be plenty of demand for homes and condos here in our seaside paradise. Migration of retirees to Florida is significant today and will remain that way for a decade or two into the future. Regardless of their motivations to move, the huge quantity of boomers, estimated at 74 million recently, is driving sales of housing. There has also been pent-up demand accumulated during the last part of the last decade, and that too is driving buyers into the Naples Florida housing market today. Although cash transactions account for nearly 74% of all local real estate sales, interest rates appear to have hit bottom and are heading up, as we

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Gordon Drive Naples Florida, a community adjacent to the famed Port Royal neighborhood, boasts some of the finest multi-million dollar homes in the world. The ultra-wealthy neighborhood consists of three small but exclusive communities; Gordon Drive Estates, Little Harbour, and Sabre Cay. Collectively the three form the Port Royal real estate community. There is great history and intrigue surrounding this street and the beachfront mega-estates that line the Gulf to the west of the street. Some of these homes were built as many as 60 years ago by wealthy mid-western families that helped shape the area in the early days of the city’s post-war growth. Most homes have been updated several times, and some homes have been torn down to make way for newer homes.

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In the neighborhood of Gulf Shore Blvd Naples Florida; sales were brisk in October 2013 as condos over $300,000 continued to climb with double digit sales percentage gains over last year. Overall days on the market decreased 35 percent too, according to recent statistics released by the local Realtors board. Inventory also decreased 20% compared with the same period last year, leading to tight market conditions and rising condo prices in the Gulf Shore Blvd community. As a boulevard, the street ranks as tops in the city as it runs north and south and parallel to the beach. It is also the most westward street in Naples and offers beachfront condos on the west side, and condos on the bay on the east side of the street. Two areas stand out, as buyers shop

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The Naples condos market was really on fire this summer with fast growing demand from buyers. Many buyers of condos are getting off the fence and making purchase decisions now with prices rising. With the prospect of both rising interest rates, and rising home and condominium prices, it is creating a sense of urgency even in our slower summer season. Consequently, the Naples condos market has been impacted. July sales numbers showed a 143% increase for condos for sale in Naples between $300,000 to $500,000. There also was a huge 1,200% increase in the two million dollar plus price category comparing July 2013 to the same month last year. One local real estate Broker jokingly stated recently, “somebody call the fire department, the condo housing segment is

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Home inspections in Naples Florida is a phrase that both buyers and sellers should keep in mind when buying or selling Naples real estate. The purchase process can be stressful, especially if the real estate buyer does not understand what is involved, and the seller does not understand what results are expected. Inspection intends to convey peace-of-mind through knowledge. It often can have the opposite effect. Absorbing a great deal of technical information over a short period of time is part of the problem. Many buyers and sellers simply do not have the training in construction and building design to grasp the technical information. Larger upscale homes that can be found in Grey Oaks or Tiburon, for example, can hide many defects. Generally, home

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Naples homes for sale in Florida experienced strong sales volume this winter and negotiating leverage could shift from buyers to sellers soon. Why all the sudden discussion about Naples homes for sale? It was just reported that housing inventory decreased yet again last month, and by a big 13 percent. The numbers came from a report released recently by our local real estate board, which tracks Naples real estate listings and sales within Collier County. We have been forecasting this for several years now if you were to research our blog. The power is indeed beginning to shift away from home buyers, who have had the upper hand on home prices for over five years now. Home sellers have become emboldened; especially when seeing the steady decline in Naples

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