NAPLES MARKET SHOWING IMPROVEMENT

The state of the greater Naples Real Estate Market is certainly improving, although we would like to see that improvement across the board totally.

The high end properties, $2,000,000 and up, are doing extremely well. Port Royal Aqualane and Bay Colony are three areas where sales are strong. On the other end of the spectrum, sales in the lower end of the market are also very solid. It is the mid-priced properties that are lagging.

The good news is that there is a distinct increase in activity with showings up significantly, in almost all price ranges. There is a feeling that the buyers have finally decided to get off the fence and start looking in earnest, and that will be a good sign. The buyers who are buying now, know that they have far more leverage than this time last year.

The issue will again be pricing. In order for any property to sell in this ‘buyer’s market, property must be priced properly.