Naples Luxury Homes Sales Continue Breaking Historical Records
Naples luxury homes sale in November 2012 caused a one hundred percent gain in pending sales over two million dollars. Closed sales in the same month also increased about one hundred percent in the over two million dollars category. Million dollar home sales have literally defied gravity in Naples, Florida this year as inventory continues to shrink, decreasing another fifteen percent versus November 2011. Average days-on-market decreased another twenty percent in the million dollar homes category here as well in the period. Naples luxury homes in the beach area also scored big in November with double digit sales increases. A Naples real estate broker was quoted as saying, they cannot remember so many consecutive months of sales gains for Naples luxury real estate. They went on to say that Naples real estate news is nothing but positive as far as they can see.
For home owners, this is continued positive news that the Naples real estate market continues to trend up as we break into 2013. Many would-be sellers have been pulling the decision trigger and going to market over this continued good news trend. The current real estate market trend of tight real estate inventory shows no signs of abating, and despite new sellers coming on the market with their properties, buyers still out-weigh sellers here. It seems that many folks have seen the writing on the wall that the boomers from up north are coming and in droves. Buyers appear to want to get in before the sunshine market becomes too tight and expensive. Sellers have been benefiting as they are getting faster closings at or near their listing price. There is no doubt that a market transition has now occurred at this point as we start 2013, said a local Naples Realtor. We have too many consecutive months of record housing sales in Naples to doubt the trend. With the number of boomers reaching age 65 getting stronger year over year, 2013 should be another record year for unit sales. With the beach being a finite geography, we see hefty price increases coming as well.
For home buyers, we are consistently advising our clients this year to be decisive in their actions to purchase. Last year, we sadly had to inform some of our clients, that the home they wanted, just went under contract the same day they were deciding their offer price. It was an absolute buying frenzy last year during the first quarter of the calendar year, and we are expecting more of the same this year, in 2013. The best way to look at this market, from a buyer’s perspective, is that appreciation of homes here has gone from increasing, to increasing at a more rapid rate. Some of our clients have captured 30% gains in the last couple of years. Waiting is simply costing a buyer money to enter the market. Contact us for a person consultation on your home search today.