Naples Florida Home Prices Hit 57 Month High!

nabor-logoThe Naples Area Board of Realtors recently released their updated market statistics.  According to NABOR the median home price in Collier County in November 2013 was $237,000.  Not since March 2009 has the median price been above $225,000!  And the prices have continued to rise through the first quarter of 2014.

 

beach and palm treeAnother factor pushing up the price of Naples homes is the decreasing inventory.  There was a 17% decrease in the amount of available homes during 2013.  There are now plenty of people looking for a home but, in many cases, these people are unable to find the perfect home.  This makes it a great time to list your home in Naples!

“When we look at the numbers in this report we need to keep in mind the amount of uncertainty our market was facing over the last few months,” said Dr. H. Shelton Weeks, Department Chair of Economics & Finance, Lucas Professor of Real Estate and director of the Lucas Institute for Real Estate Development & Finance at Florida Gulf Coast University. “Despite the outcome and speculation of such factors as the government shutdown, flood insurance, healthcare reform, and quantitative easing, the market in our area did quite well.  This indicates that there was continued confidence despite the uncertainty and that we have a well functioning market.”

3rd st“Reported data confirms that we are also in a predominately cash buyers market,” says NABOR®’s new President Patricia Pitocchi, who added that “cash purchases make up more than half of all home sales in Collier County.”

Click here to see the complete report and statistics from the Naples Area Board of Realtors for the month of November 2013.

These statistics are great news for both buyers and sellers in the Naples Florida area.  If you are thinking of selling this summer is probably the best time in years to have your home on the market.  If you have been waiting to buy until you are sure the downturn is over then you had better get into the market and buy now before prices rise again!

Call me today at 239-601-3174 or email me at christine@toastyinNaples.com so I can help you make the right decision about the Naples Florida real estate market.

Remember, it is always Toasty in Naples and you deserve your piece of Naples sunshine and the rising values in Naples!

 

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