Archive for the ‘Naples Real Estate’ Category

NAPLES AREA OVERALL MEDIAN HOME PRICES INCREASE 17% in 2012

Friday, February 1st, 2013

Disregarding the boom years of 2004 and 2005, 2012 represented historically the best year in the history closed sales in the Naples area real estate numbers. Buyer’s are no longer sitting on the side lines but are actively seeking buying opportunities before pricing increases really hit the market.

Overall pending sales increased 6%, from 10,070 pending sales in 2011 to 10,683 pending sales in 2012. Overall inventory decreased by 13% from 7581 in 2011 to 6557 in 2012 according to the Naples Area Board of Realtors (NABOR).

However, according to Jack McCabe, a real estate analyst based in Deerfield Beach, prices are nowhere near 50% of where they were before the market decline.

So, Buyers be alert for opportunities.

The Naples’ ‘market’ should be considered to consist of Naples / Bonita and areas of Estero. The Ft. Myers / Cape Coral / Lehigh Acres and Punta Gorda areas are an entirely different market place and are way behind the Naples market in their recovery.

What is the current status of new construction in the Naples FL real estate market?

Friday, August 31st, 2012

The Naples Florida Real Estate Marketplace when it comes to new construction buying opportunities is back on track.  Naples and Bonita Springs Florida are unique when it comes to upscale, gated communities with full amenity packages to include golf courses and tennis complexes.  I use the term upscale which is most certainly not intended to be taken lightly.   New construction pricing will start in the high $100′s with no topside price range which can run in to the millions.

What is the current status of new construction today?  For the 1st time since the housing market crash of 2007, residential building permits in the city of Naples are on pace to meet or surpass pre-recession numbers.  To meet this additional work load, the city’s building department is adding four positions.

For all general purposes, Naples and Bonita as we know it today, did not exist for all practical purposes 50 years ago.  Naples and Bonita Springs is a young, vibrant community with MANY ‘things to do’ at all time of the year.  Having lived here for almost 20 years, I can honestly tell you that it is a fabulous place to live at any stage of one’s life time.