Naples real estate market changes positively


In Naples, Florida, inventory levels have decreased even to levels not seen since the "boom". In October 2011 the real estate market in Naples Florida, is finally changing in a positive way. Newly conducted studies by NABOR, John R. Wood Realtors and professional appraisal firm Carroll & Carroll Inc., showed a trend of declining inventory.

Inventory research is a factor in revealing what is going on in real estate markets and affects a Buyer's or Seller's market. According to Karyn Samuel, John R. Wood Realtors, "During the crash, we saw inventory levels in some Naples neighborhoods jump to over 7 years of inventory. The inventory was far outweighing the sales. You don't need to be a rocket scientist to know that those neighborhoods would continue to see a price decline until their inventory stabilized."

Naples inventory is low in every price section in both condos and single family homes, except for condos above 5,000,000 Dollars. Q3 2011 inventory showed a 24 percent decrease over Q3 2010 and a 45 percent decrease in comparison to Q3 2007. Naples inventory reached its absolute lowest level since Q3, 2004.

"Some neighborhoods still have oversupply, however our popular neighborhoods, driven by proximity to the beach or downtown or school districts they feed into and/or those with lower price points, have become balanced and in many, we are seeing inventory shortages. The last time we had a shortage in inventory was during the real estate boom of 2005," said Rowan Samuel, with John R Wood Realtors.

Cindy Carroll, with appreciated appraisal company, Carroll & Carroll Inc., coincides. "Most market sectors are trending toward a balance of supply and demand which results in value stabilization. On the brink of the 2011/2012 selling season, there is a shortage of supply in some neighborhoods setting the stage for potential value increases over the next 12 months."

Decreasing supplies in all price segments, sunken prices, historically depressed mortgage rates and prized position, hint to a speedy season in the southwest Florida real estate market. The extraordinary market dynamics, existing currently, bring perceptive buyers an absolutely unique opportunity.

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