Monday, August 23, 2010

Naples Real Estate Update August 23, 2010

Naples Florida Real Estate Today:

Naples Single Family Homes

Naples Single Family Homes currently listed = 3,344
Naples Single Family Homes currently under contract = 992
Naples Single Family Homes sold during last 12 months = 3,859

The Naples Single Family Home market is UNDERSUPPLIED with under 11 months of active inventory.  Some pricing increases of started in select neighborhoods.  Choose a professional like me to help you analyze whether or not you should purchase today in your desired location.  There are still some deals to be had, diligence is the name of the game in some locations while quick action is the name of the game in others. 

Naples Low Rise Condos
Naples Low Rise Condos currently listed = 2,585
Naples Low Rise Condos currently under contract = 352
Naples Low Rise Condos sold during last 12 months = 2,671

The Naples Low Rise Condo Market is UNDERSUPPLIED
(barely) with 11.6 months active inventory.  While there are some location with pricing increase you can still find incredible deals in some locations.  Again, become an expert or consult one to get the best up to date information regarding pricing in the Naples low rise locations where your interest exists.

Naples Mid Rise Condos

Naples Mid Rise Condos currently listed = 390
Naples Mid Rise Condos currently under contract = 20
Naples Mid Rise Condos sold during last 12 months = 280

The Naples Mid Rise Condo Market is OVERSUPPLIED with nearly 17 months of active inventory.  Mid Rise condo property owners, consult an expert before you list your property. Mid Rise condo buyers, you have some leverage here to negotiate but that doesn't mean every seller is interested in dumping their property.  It's best to talk with an expert on negotiation techniques.

Naples High Rise Condos
Naples High Rise Condos currently listed = 639
Naples High Rise Condos currently under contract = 24
Naples High Rise Condos sold during last 12 months = 459

The Naples High Rise Condo Market is OVERSUPPLIED with nearly 17 months of active inventory.  High Rise condo owners, consult an expert before you list your property.  High Rise condo buyers, you have some leverage here to negotiate but that doesn't mean every seller is interested in dumping their property.  It's best to talk with an expert on negotiation techniques.

Naples Attached Villas
Naples Attached Villas currently listed = 472
Naples Attached Villas currently under contract = 87
Naples Attached Villas sold during last 12 months = 528

The Naples Attached Villa Market is UNDERSUPPLIED with just over 10 months of active inventory.  Pricing in some locations is holding and in a few areas are going up.  If you are interested in purchasing in a low inventory location, there might be more inventory added during the next 5 months but if you find something you like, you might take a stab at it.  Sellers, if you're thinking about selling your attached villa, contact an expert to assist you with price and terms.

Naples Villas
Naples Detached Villas currently listed = 128
Naples Detached Villas currently under contract = 12
Naples Detached Villas sold during last 12 months = 104

The Naples Detached Villa Market is OVERSUPPLIED
with 16 months of active inventory.  Detached villa owners, consult an expert to assist you with marketing, list price suggestions and contract negotiations.  Naples detached villa buyers, some markets are doing better than others.  Consult an expert to review your objective and assist you with location and negotiation strategies.

In closing, you can expect Naples inventories to fluctuate up during the next 5 months in preparation for season.  This is predictable occurrence that happens every year.  Your best negotiating opportunities will go on now til about mid to end of October when negotiating will tighten for the season.  Keep in mind some sellers will remain negotiable. 

For more information regarding listing or purchasing in Naples Florida, contact me direct!

Best Regards,

Shannon Lefevre, PA
Your Naples Smart Girl!

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