Naples Rises from Florida Housing Swamp as Wealthy Buyers Return
Late last week Bloomberg released the news article below, which highlights Naples as a prime Florida location that continues to attract domestic and international buyers. I predicted the reaction to this article would get the phone ringing but the response has been beyond what we expected. On March 24, 2011 there were a total (year to date) of 3,044 sold properties and 81 pending sales (sales that are awaiting to close). As of March 31, 2011 at noon a total of 3,383 sold properties and 39 pending sales.In the past 8 days a total of 339 properties have changed hands between buyers and sellers. How does this compare to last week or the previous? From February 21- February 28 there were a total of 326 sales, and from March 7th – 14th there were 282 sales which we could argue was a light week due to St Patrick celebrations, since Naples is dedicated to spreading the cheer during this and all holidays!The positive press simply underscores what many prospective purchasers know; that Naples real estate is a value proposition.The spring season is usually a time when we see a decrease in activity though I believe this year we are in for a bit of surprise. As always I look forward answering your questions regarding the Naples real estate market!
