We're more than inching along in Naples real estate recovery. You could venture to say it's time to hop on the bus and grab a piece of our movement. There are many areas of the country showing improvement or at least holding their own. I believe we're leaping ahead at this point relatively speaking.
Displaying these two graphs shows that not only are our pending sales on the rise but the pricing which we've seen is almost $35,000 higher than the average median of the past 4 years, exceeding all since September of 2008.
Both charts yield a promising outlook on the real estate recovery here. If you've read some previous market reports I've posted I usually mention our seasonality which is clearly demonstrated in both charts. Prices have certainly exceeded the average of $190,138 during this span and now stand at $225,000. I don't expect it to remain at that level due to our normal summer slowdown however the year over year figures are expected to remain very much above in the black. With that reality in place it's a fair indicator that you need to rethink Naples real estate soon.
Please remember that this report is geared toward the overall Naples market and is not representative of your specific neighborhood. The activity can be quite different from what is identified here. If you need specific information about what's happening in your community contact me or your agent for more information.
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Serving the Naples neighborhoods of Aqualane Shores, Olde Naples, Port Royal, Royal Harbor & More