Just wanted to take a quick minute to share some of the trends I'm seeing in the Naples Florida real estate market.
Price is definitely king right now with a majority of the sales traffic being awarded to the lower ended properties for the first time in a few years. This is actually a sign of a recovering market although sales statistics won't prove that til later.
This also means if you are looking in the areas most sought after in the Naples Florida region for example:
Old Naples
Park Shore
Moorings
Pelican Bay
Pelican Marsh
To name a few... you can expect heavy buyer competition. Sounds weird doesn't it? But, just last week I got into a double offer situation on one of the lowest priced/best value properties in Beachwalk.
Just yesterday I was doing some research for properties in the $200,000 price range for Old Naples...(think just a few years ago you couldn't spell Old Naples for less than $500,000) There are currently only two remaining 2 bedroom condos left located in a subdivision where 55+ years of age is not mandatory.
There are also some OUTSTANDING prices on Naples beachfront condos especially in Park Shore but...do not expect a big push of foreclosures and short sales in these locations even still. These properties are in fact selling and people are starting to miss out on the best price product. We are seeing some sellers negotiate although many are still not coming significantly off their prices. The biggest reason why would be:
- Pricing is already exceptional and seller's know it.
- Traffic has picked up due to season traffic.
- Seller's still have the ability to hold.
Preliminary results from a current poll on Naples Florida real estate prices show that most people are surprised at how low the pricing is in our market so if you've been waiting, you might check out your favorite locations and decide whether or not it's time for you to make a purchase.
Don't forget:
If you're coming to Naples and you'd like me to assist, please give me notice so I can insure plenty of time for you. I had someone call me yesterday who gave me a whole hour notice. Needless to say, I wasn't able to assist. That makes me sad.
I have lots of new features on my Naples Florida real estate website including closed sales information and other unique features not found on any other Naples Florida site.
Lastly,
I'M GOING TO BE A MOMMY! No worries though, I'm due in July so I have plenty of time to assist you with your sale or purchase!
Happy New Year
&
All My Best
Your Naples Smart Girl!
Shannon Lefevre, PA
Your Naples Smart Girl!
239-595-6223
www.ShannonLefevre.com
“The opinions expressed herein are those of the author and do not necessarily represent the views of John R. Wood Realtors.”