Once a year, the Naples Area Board of Realtors (NABOR) puts on an Economic Summit event where they bring in macro and micro economists to discuss real estate in Naples, Florida and across the United States.
This year’s summit picked up on last year’s, with expectations of a continued rebound in the Naples market as well as across Florida. The general consensus among the economists for Naples was a continued increase in average values - expectations were for a median price increase of about 5% across all of Naples.
As a beach & boating community, the major factors driving value are proximity to the beach. Across most of Naples, we’ve seen value increases year over year - North Naples median values were up 14%, South Naples up 21%, East Naples up 20%, and West Naples (beach property), 34102,34103,34108 - up 19% (with Old Naples up 36%).
The single family home market is continuing to stabilize. The new construction builders are busier and new developments are popping up all over town. From a resale Inventory perspective, inventory is more balanced vs 2010,2011 or 2012, but certainly much tighter in the beach (west of 41) areas.
Author:Rowan Samuel Phone: 239-298-3555 Dated: April 20th 2015 Views: 387 About Rowan: Rowan Samuel has lived many lives. Originally from Zimbabwe (Rhodesia), he and his family immigrate...
The Samuel Team are luxury real estate agents with John R. Wood Properties, focusing on waterfront, beachfront and luxury properties including high rise condos, condominiums, single family homes and villas in upscale communities throughout Southwest Fl. Our energy, enthusiasm and dedication will WOW you. We aim to please.
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