Naples is taking its place among top luxury communities across the nation - and in fact, is a prime destination for home buyers from around the world. We rank with locations such as Aspen, Cape Cod, the Napa Valley, and Hilton Head when it comes to amenities, atmosphere, and natural beauty. Many visitors return…and return again…to Naples, ultimately setting their sights on owning a little piece of paradise.
If you follow my blog, you know that Naples home prices have continued to rise for 38 straight months. In fact, a Gordon Drive waterfront home that recently came on the market has the distinction of being the priciest listing ever in Naples, at $80 million.
Truthfully, most of us aren’t browsing in the $80 million price range. For those with more modest budgets, It’s natural to wonder if owning that piece of paradise is even possible. Prices marching ever upward….inventory moving incredibly fast….I’ve known a number of prospective buyers who wonder if they need to take a look elsewhere in Florida, even if it means investing in a less desirable community.
The answer is no.
We can work together to explore affordable options right here in Naples. One great option is the wide variety of condominiums, most priced under $300,000. The median price of condos in Naples today is significantly lower than the median price of a single family home.
Condo sales have been strong over the past year. As with the Naples market in general, inventory (the number of units available for sale) has taken a dip compared to last year because of those strong sales numbers. And as always, highly desirable properties move fast.
Are condos a good investment?
In Naples the answer is yes! This month’s market data points out that condo prices have increased 9% over last year at this time. Condominiums offer great opportunities for cash buyers and investors. And Naples real estate is positioned for continued appreciation in the years to come.
I’d love to explore the “condo option” with you, and introduce you to some of Naples’ beautiful condominium communities. Choose one with a golf course, vibrant neighborhood activities, walking trails, a great location….you name it!
Finally, a “heads up” to my clients: Our seasonal residents and snowbirds have arrived early this year! (It must be the thought of another polar freeze up north!) With season in full swing already, real estate traffic is picking up. We expect to end 2014 with a glowing real estate market. Let me know when you’re headed south, or if you’d like me to share some key listings that may just include YOUR little piece of paradise!
