Is Now The Time To Invest In Naples Florida Real Estate?

Time to buy real estate in Naples FloridaMy answer is a definite YES! Many buyers have waited too long to purchase real estate expecting that they will know the minute the market hits bottom.  Unfortunately it is impossible to judge the exact time the bottom of the market occurs.  But the main goal should be to find the best time for you and get into the market as the prices start to slightly increase.  That time is here and our Naples real estate market has improved over the last year and will continue to improve over the coming months.

2012 MEDIAN CLOSED PRICE INCREASED 17% reported the Naples Area Board of Realtors in January 2013.  In 2011 the median closed price was $175000 and increased to $204000 in 2012.  The number of closed sales also increased by 9% from 8,345 homes in 2011 to 9,121 homes in 2012.

MAIN CONCERN FOR BUYERS is that the inventory has decreased 13% from 7,581 listed properties in 2011 to 6,557 listed properties in 2012.  This means that the home you have found during your internet search and think might be the right one for you, may not be available when you make the decision that it is time to look at it.  Unfortunately first time buyers are the hardest hit as they compete for homes with cash buyers who can close quickly and do not have to worry about mortgages.  The homes that come on the market and are well priced and show well are selling within a few days and that leaves the old inventory with problems on the market for the people who have just started their search.

WHAT CAN YOU DO?   The best way to approach our market is with an education and that education starts on your computer.  Contact me to set up a search for you and each day you will receive a report that shows you the new homes listed and the ones sold.  This allows you to narrow down the choices and watch certain properties to see how they are competing in the market.  When you are ready to visit us and purchase your dream home, you will already have a good idea of the area you are interested in and the type of property you like.

WHAT IS MY BEST ADVICE?  Don’t wait too long!  We know the bottom of the market is over and prices are increasing but there is still plenty of time to make a good investment and enjoy a good return on your money.  BUT there is only so much property available and as the inventory goes down prices will increase.  Isn’t it better to buy now and enjoy the price increases?

Contact me or call me at 239-601-3174.  Start your property search today and remember it is always Toasty in Naples and you deserve your piece of Florida sunshine!

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