Naples is essentially a Second Home market and we currently have just under 6,000 residences available. Of that amount about 2,400 are Single Family Homes with the remainder being filled mostly with Condominiums or Towhhouses. The latter tend to be popular because they are more easily managed while you're away. The Associations generally make sure the exteriors are up to snuff and there are available services that look after the interiors while you're away. This reminds me of the Ron Popeil method of "Set It and Forget It" when leaving for the off season. Approximately 60% of our market is driven by Condominium Sales, therefore it is a good idea to be well versed in that field. Competition is fierce and less active than the Single Family arena which is why condition and pricing has become so much more critical.
In comparison, the chart below depicts the Single Family Home market in the Naples vicinity. Those who prefer an ownership of this type have not had values such as this become available since, in some scenarios, 2002. When we look at this market overall we can easily surmise that many are positioning themselves for a very long and comfortable retirement in Paradise. Our fabulous nature filled location, environment and multitude of activities are well known to add much life to your years and vice versa.