Naples real estate has shown eighteen straight months of positive momentum. Single family home sales are especially strong, with sales in the $300,000 to $500,000 range up 23% in May, as compared to May 2012. In fact, May brought double-digit increases in sales across almost every price range over last year.
At the same time, current home inventories remain at lowest levels in years. This means that prospective buyers need to work closely with their realtor to be sure that the “perfect” home doesn’t get snapped up right away. Desirable homes can move fast – even within a few days of coming onto the market. In addition, limited availability means that the most desirable properties attract multiple bids, and average days on the market are down significantly.
Overall, the Naples luxury real estate market is on track for continued success in the second half of 2013. Home buyers can move forward with confidence that the market is on a path toward balance and stability, and that this is a great time to take a look at Naples real estate. Whether you are a local resident considering a move up to your dream home, or an out-of-town resident looking at owning your own piece of Paradise in Southwest Florida, the time is right for you to explore the options in Naples!
