Is the Naples Real Estate Market really on the road to recovery.

Posted by Joseph Epifanio on Monday, January 27th, 2014 at 3:27pm

I am being asked time and time again, is the Naples Real Estate Market really recovering?  Well according to a recent report put out by NABOR® (Naples Area Board of Realtors) it is!  

Closed sales of homes in 2013 according to NABOR showed a remarkable increase over the past few years, they state that “overall closed sales in both the $300,000 - $500,000 and $2 million and above segments increased 27 percent from 1,366 in 2012 to 1,730 in 2013 and 234 in 2012 to 298 in 2013”  The median prices for properties have also increased which is all good news for recovery.

During the past year, our team has been busy, apart from the usual slow down between Thanksgiving and Christmas, which is something that happens in good markets and in bad, business has been brisk.   In fact one of the main problems we are having right now is finding enough homes for prospective buyers to view, inventory is always fluctuating, but we are definitely well past the slump. 

Only a couple of years ago we were still finding “bargain homes” on the market, but the time to find a “steal” is long gone.  

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