Naples Real Estate Market Snapshot For November 2006

Back in 1958, Glen Sample a developer/visionary selling lots in Port Royal that he was developing, advertised “There Will Never be Another Port Royal” and “Money Alone Won’t Buy a Lot in Port Royal”. Interestingly, he managed to sell only one lot in all of 1958, but didn’t get discouraged, explaining to a friend, “If we don’t sell this year, then we can ask more for them next year, and the next and the next. We’ve got something here that is different and can’t be duplicated.”

How right he was back then and the same can be said today about referencing the real estate market here in Naples. We live in a highly desired area and have become a world-class vacation and second home destination.

Sure we have experienced a slower market than last year, but there are many telltale signs that things are picking up. The housing market in our area will again see a boom in the coming years with, not only the completion of Ave Maria and its town, but also the Collier Companies‘ announcement of the six new towns that they intend to build in the area. As I’ve been saying for months, it is a perfect time to buy!