The type of home you prefer is a matter of choice although looking at them from an investment perspective brings a tighter focus. There are similarities to a Gaussian Bell when analyzed. Lopping off the extremes within your search can save both time & money. The idea that Naples is a 2nd home market is true although there has been a shift to more permanency here in recent years. Investors sometimes have trouble with real estate due to its liquidity or lack thereof but most major "players" have real property in their portfolios. They may not have earned their wealth there initially but the reality is that a large portion provides a necessary balance to their bottom line.
The word resalability is used to help understand where your money should go to get the most liquidity out of your real estate venture. Several facets come into consideration when analyzing your best avenue to take. You've all seen the acronym GPS, not only is it good for your directional use but also for Getting Property Sold. The easiest way to accomplish this is to buy right. Using the chart below you can see that a 2 bedroom condominium or a 3 bedroom single would be the two most abundant properties in Naples with 934 and 644 available respectively.
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Taking it a step further and observing the past year of sold activity, the 2 bedroom condominium led easily at 2,020 units sold. Combining all 2 through 3 bedroom condos sold last year brought 4,505 units or 85.8% of the total. Regarding the single family homes which sold, the 3 bedroom category hit 1,865 units and when the 3 through 4 bedroom units were totaled they garnered 72.8% of the market. In total, 4,549 single family residences made it to closing table during the past 12 months.
Playing favorites can sometimes pull you in the wrong direction but where resalability is concerned it should be your #1 priority when investing in Real Estate.
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