Naples Housing Market

By
Real Estate Agent with Vanderbilt Realty of Naples BK3115920

    Naples Florida real estate is selling briskly. Our inventory is down from over 14,000 housing units in 2010 to 5998 today September 29,2011. With the inventory declining we are seeing prices hold steady or rise slightly. There is a lot of talk about shadow inventory that banks are supposedly holding back on. I am not seeing that here in the Naples market, it appears as though the banks are selling off their holdings after they get them back thru the foreclosure process

  There is still time to take advantage of the extreamly low prices. Even with inventory low sellers are motivated to sell and make the deal.

Please comment on this blog and give your opinion on the housing market in your area. Thanks, Dominic Pallini

Comments (2)

Charlie Dresen
Steamboat Sotheby's International Realty - Steamboat Springs, CO
Steamboat Springs, CO e-Pro

Great news for Naples! Let's hope the trend keeps up there and continues to spread across the states! Steamboat Springs, CO just had it's second highest gross sales month of the year in August and pending sales are up over 70% from mid summer and are at the highest they've been in over a year. So, things are cautiously optimistic here - we're going in the right direction anyway.

Sep 29, 2011 07:04 AM
Mary Hillerman
Crye-Leike Realtors® - Bentonville, AR

Good Morning Dominic,  I am glad to hear the Naples market is in good shape.  Things are also looking up here in NW Arkansas.  Have a great day.

Oct 06, 2011 01:16 AM