naples: Are You Ready For A Seller's Market?
- 08/26/13 03:48 AM
I've been talking for a while about lack of inventory. Now, for the first time since December of 2004, inventory is below 1000 for both Marco Island(homes,condos & lots) and Naples(homes & condos). This is significant since the laws of supply and demand will most certainly be kicking in some time in the near future. The laws of economics state that as supply decreases and demand increases, the cumulative effect is an increase in price. We've already seen marginal increases in price quarter over quarter. However, there are still some factors that are limiting the exponential growth that we saw in … (0 comments)
naples: Marco / Naples Area Q3 2012 Update
- 10/22/12 06:20 AM
The real estate market in the Naples and Marco Island areas is primed for a transition. For the first time in 4 years, the Q3 pending and sold volumes on Marco Island were above the average line while Naples volumes were at or just below the average line. Couple this with the lowest inventory levels that we have seen since 2004, These markets could be primed for a turnaround by Q1 2013. One sector that has made a turnaround is new construction. Virtually nonexistent 3 years ago, the builders have benefited benefited from the lack of inventory. Although the 4 year … (0 comments)
I've been talking for a while about lack of inventory. Now, for the first time since December of 2004, inventory is below 1000 for both Marco Island(homes,condos & lots) and Naples(homes & condos). This is significant since the laws of supply and demand will most certainly be kicking in some time in the near future. The laws of economics state that as supply decreases and demand increases, the cumulative effect is an increase in price. We've already seen marginal increases in price quarter over quarter. However, there are still some factors that are limiting the exponential growth that we saw in … (0 comments)
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