Inventory of Homes in Naples Florida

By
Real Estate Agent with Homes for Sale in Naples, Bonita Springs and Estero, Florida
http://actvra.in/V8K

 

 

 

The inventory of homes in Naples Florida that are for sale has dropped dramatically during this past year, and there are some people who are debating whether this is a good sign or not.  The smaller the supply of homes means that prices can be firmer with less competition and the whole real estate market is actually growing.  The opposite side of the argument is that with fewer houses on the market, there are fewer options for buyers and thereby decreasing appeal and demand.  Either way, according to the latest report from the Naples Area Board of Realtors (NABOR) there are 13.6% fewer homes for sale at the end of March, 2013 than there were one year ago.

 

 

 

 


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Every market segment of the inventory of homes in Naples Florida experienced a drop, however there could be quite a variance by type, price and location.  Single family homes showed a total loss of just over 11%, but those selling for less than $300,000 dropped in excess of 21%, while the ones selling between $500,000 and $1 million had only a 2.5% decrease.  Geographically, single family homes in the Naples Beach area that are on the market experienced a drop of less than 6%, while Central Naples showed a decrease of more than 21%.

 

 

 


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According to the NABOR report, the condominium market had 15.6% fewer units for sale this year as opposed to 2012.  Again different segments had differing results.  The number of condos selling between $500,000 and $1 million lessened by more than 21%, while those selling for more than $1 million dropped only 10%.  The largest percentage drop for a market segment in the inventory of homes in Naples Florida was for condos in the Naples Beach area with a reported decrease of nearly 22% from the previous year.

 

 

 

 


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http://ChrisAndDick.com  

 

 

 

 

 

 

 

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           Chris and Dick Dovorany      

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Naples, Bonita Springs and Estero, Florida    


 

Buyers agents for over 12 years specializing in 2nd homes, investments (1031 Exchange), vacation and retirement properties.

 


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Rainmaker
1,375,574
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Chris & Dick, great housing report for Naples, and interesting seeing the decrease of inventory!

April 30, 2013 07:22 AM #1
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Chris & Dick - Our low inventory levels have created an environment that is extremely uncomfortable for our buyer clients, and I can't say that the benefits to our sellers are adequate compensation. We want to do a great job satisfying all of our clients, and that happens best in a balanced market.

April 30, 2013 08:32 AM #2
Rainmaker
625,200
Wayne and Jean Marie Zuhl
Hallmark Realtors - Clark, NJ
The Last Names You'll Ever Need in Real Estate

Good afternoon Chris and Dick - our inventory is dropping, too. It's going to be an interesting summer for sure!

April 30, 2013 01:54 PM #3
Rainmaker
495,719
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Thanks all for the comments.  While prices are dropping in this resort market it's time for us to relax and regroup. 

April 30, 2013 03:59 PM #4
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Debbie Reynolds
Prudential PenFed Realty, "The Real Debbie Reynolds" Your Clarksville Real Estate Professional, 931-920-6730 - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

With less inventory, sellers prices can start rising and they can recover some of the losses from years past.

April 30, 2013 07:54 PM #5
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Rainmaker
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Chris and Dick Dovorany

Broker/Associate at Premiere Plus Realty
Naples Florida Real Estate Question
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