Tax Credit Impact in Naples, Florida - All Property Types

By
Real Estate Agent with Florida Supreme Realty SL514814

The end of the 1st time home-buyer tax credit credit is easily identified here.  Mixed with our normal seasonal trends it's possible to overlook the activity which it created.  Consistent with the trend line it appears that we ended the season with a crescendo and then an immediate downward spiral from roughly Memorial Day.  The benefit was short lived but very effective for our needs and inspired an otherwise lackluster Springtime to surge beyond expectations.  Buyers remain but they have been converting to a much more conservative approach for various reasons.  Notwithstanding, the "Oil Disaster" has remained as their primary focus with just cause.       

Information Courtesy of Sunshine MLS 

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Florida Collier County Naples
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pending sales
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tax credit effect on pending sales
seasonality in the marketplace

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Rainmaker
217,571
Richard Shuman
The Only B.S. I Have is from the University of Massachusetts - Lake Mary, FL
Real Estate Broker - Orlando Area - Love Referrals

Kevin

 

Hopefully the oil spill will be cleaned up fast

and not hurt your market more!

Good Luck!!!

Jul 27, 2010 09:59 AM #1
Rainmaker
1,009,626
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Richard, physically it's nowhere near us but it's feared impact is always the topic of the day.  The odds are about 1% of it ever reaching our beaches, based on EXPERT opinion.   

Jul 27, 2010 10:13 AM #2
Rainmaker
671,751
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Hi Kevin, I wondered how the oil spill was affecting your market on the West Coast of Florida. We hear talk of it here, on our East coast also.  Our cruise last week out out the Port of Tampa showed us no oil.

Jul 28, 2010 09:04 AM #3
Rainmaker
1,009,626
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Sandy, that's great to hear.  Another friend took that cruise out of Tampa a few weeks prior and same result.  No oil to be seen but nonetheless we know it's out there.  When I get to disembark that's always my saddest day.  I'm glad you're are back!

Jul 29, 2010 05:13 AM #4
Ambassador
1,509,412
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Hey pendings are still up there.  It could be 2007 or 2008 all over again!  It will be interesting on how the long term impact of the oil spill plays out.

Jul 29, 2010 06:37 AM #5
Rainmaker
1,009,626
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Tagrid, it'll be next quarters numbers before we can see the effect.  You're feeling it too, I know, and I'd like to see it as just another bump myself.

Renee, as they say "Out of sight, out of mind".  The slick is dissipating but there's alot of crude sloshing about just below our view. 

Jul 30, 2010 04:29 AM #7
Ambassador
1,509,412
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Ouchy!

Aug 02, 2010 10:26 AM #8
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Rainmaker
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Kevin J. May

Serving the Treasure & Paradise Coasts of Florida
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