Supply & Demand Reports Tell Us a Lot About Our Market

By
Real Estate Agent with Florida Supreme Realty SL514814

This is one small piece to a much larger puzzle. Some pieces aren't necessary to grasp the happenings of the single family home market in Naples, Florida. I am not in the habit of utilizing the 3 year quarterly statistics for my reports, however, when I finished I could easily see that even with all that is going on in the World we're going to be okay.

The polynomial attribute which was added to the upper chart just popped out at me. That being said, generally it appears that Naples is poised for an excellent season of sales along with adequate inventory.

 

C'mon down and grab a piece of the action?

 

     KEEP SMILING!

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Comments (8)

Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Kevin - although I have not completed a market report or any type of sales recap/analysis in some time, I recall the enlightenment I experienced while discovering information producing them.  It wasn't earth-shattering but I knew when looking at those numbers in the bigger picture, there was relevance that may have missed in any one individual report.  Oops - I digress.

Feb 13, 2021 04:14 AM
Kevin J. May

Michael, the full report can leave the consumer in a state of confusion rather than one of better understanding. There are about 12 pieces to our puzzles and usually the customer focuses on one or two to create their personal market perspective. Right or wrong as long as the message is received I'm content with ot. 

Feb 13, 2021 10:46 AM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

We’ve got real scarcity in our Price Points below $400,000.  Almost always Multiple Offers

Feb 13, 2021 04:23 AM
Kevin J. May

We have to thank the builders who continue to beef up our supply Michael. We haven't run out of land yet.

Feb 13, 2021 10:48 AM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Nice graphics to go along with this information.  Supply and demand definitely tell the story.

Feb 13, 2021 04:35 AM
Kevin J. May

It's used as a quick reference guide and is typically covering about 80% of the direction we are heading. Hasn't let me down yet Brian.

Feb 13, 2021 10:51 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Kevin. When you are hot you are hot! And Naples is definitely hot. Enjoy your day!

Feb 13, 2021 06:06 AM
Kevin J. May

We never know how many days we have left Wayne. So with that in mind we try to enjoy each and every one we're given. Your comment triggered an old novie favorite memory of "Some Like it Hot", got to love Marilyn and those two "other" guys.

Feb 13, 2021 10:59 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Kevin J. May -  I see that too where we have our second home on Port St. Lucie.

Feb 13, 2021 06:33 AM
Kevin J. May

Port St. Lucie & St. Lucie West are pinned to check out for our retirement in about 2 years. Hoping those excellent values hold up in case that's where we drop anchor Grant. You made a great choice that's fairly equidistant from all of the places we enjoy for weekend jaunts.

Feb 13, 2021 11:34 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Good afternoon to you Kevin,

We still have an hour of morning to go.  What a wonderful way to put things into perspective.  A

Feb 13, 2021 10:58 AM
Kevin J. May

Even though Market Reports are not great for commentary they certainly bring the views Alexandra. The season is getting underway in Naples. No days off until Memorial Day!

Feb 14, 2021 12:16 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Many Maryland retirees hope to move your way before the next winter.

Feb 16, 2021 04:43 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Now that is a fact filled prediction I can appreciate. Thank you for sharing this data showing your thoughts Kevin J. May 

Mar 06, 2021 09:31 AM