Naples Beachfront Condo Update
There are only 7 months of Naples beachfront condo inventory. Prices are likely going up again! Here's what you want to know if you're thinking about buying or selling a Naples beachfront condo:
Here's what the Naples beachfront inventory looks like by price range:
- Under 1 million - 18 - 5 months
- 1 million - 2 million - 36 - 5 months
- 2 million - 3 million - 5 - 6 months
- 3 million - 4 million - 4 - 6 months
- 4 million - 5 million - 8 - 16 months
- 5 million+ - 5 10 months
Listing supply under 5 million is short. If you find yourself in the market for a beachfront condo under $5,000,000, you could find yourself:
- Competing with other buyers
- Having a hard time identifying something fabulous
- Running up against a confident Seller
Your best strategy is to go in knowing what you're up against. It might be best to identify at least 3 units and then try to negotiate your best deal. There will be tough Sellers. If you don't like their response, your smartest play might be to walk away and try somebody else who may be more motivated to sell.
Buyers with 4 million and more have a little more muscle but that doesn't mean they're going to have an easier time negotiating. I know there's one guy out there who's priced 3 million overpriced easily. He also wants full price. I don't see that one going anywhere anytime soon.
My favorite Naples beachfront buildings are:
If you're thinking about selling: It's going to be important to position yourself correctly especially if you're planning on selling a luxury unit this year. I already have a handful of buyers who are ready to purchase so contact me today. It's possible you won't even have to endure putting your unit on the market!
If you're looking for a Naples beachfront condo, I know them all. I can help you accomplish all of your Naples beachfront condo objectives!
Contact me today!