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!

Naples Florida Real Estate Update 7/27/10

Naples Florida real estate statistics I explored this evening:

Naples Florida homes closed during the last 12 months=3,933

Naples Florida homes currently pending contract=1,008

Naples Florida homes currently available=3,281. Barely over 10 month supply YAE!

Naples Florida condos closed during the last 12 months=3,413 

Naples Florida condos currently pending contract=719

Naples Florida condos currently available=3,620. Nearly 13 months of inventory.

Naples Florida villas closed during the last 12 months=635

Naples Florida villas currently pending contract=145

Naples Florida villas currently available=619 Just over 11 months of inventory.

All Naples homes/villas/condos under $500,000
5,061 Active
1,673 Pending
6,615 Closed (last 12 months)
Nearly 11 months of inventory currently available.  This market has stabilized.  Owners are tightening negotiations...pricing is going up (in many locations) inventory is light (in some areas)

All Naples homes/villas/condos between $500,000-$1,000,000
1,358 Active
126 Pending
853 Closed (last 12 months)
Over 19 months of inventory currently available. A good place to make a deal.

All Naples homes/villas/condos between $1,000,000-$1,500,000
442 Active
38 Pending
239 Closed (last 12 months)
Over 22 months of inventory currently available. A good place to make a deal.

All Naples homes/villas/condos between $1,500,000-$2,000,000
295 Active
22 Pending
133 Closed (last 12 months)
Over 26 months of inventory currently available. A GREAT place to make a deal.

All Naples homes/villas/condos between $2,000,000-$3,000,000
257 Active
17 Pending
125 Closed (last 12 months)
Over 24 months of inventory currently available. A GREAT place to make a deal.

All Naples homes/villas/condos between $3,000,000-$5,000,000
173 Active
8 Pending
77 Closed (last 12 months)
Nearly 27 months of inventory currently available. A GREAT place to make a deal.

All Naples homes/condos/villas over 5 million
97 Active
3 Pending
41 Closed 3.41
Over 28 months of inventory currently available. A GREAT place to make a deal.

The point of this update was to illustrate if you've been sitting on the side lines waiting for the perfect time to purchase Naples real estate, your window of opportunity is shrinking if you're purchasing less than $500,000. 

You still have some time in all other price ranges but I don't think it will take very long for the next price range ($500,000-$1,000,000) to catch up.

For more information regarding the Naples Florida real estate market, contact me direct!

Best Regards,
Shannon Lefevre, PA
Your Naples Smart Girl!