An overpriced property sits on the market. Buyers are out there, but why would they overpay. Overall, in the Naples real estate market, days on market increased 10%, from 78 days to 86, making pricing even more critical particularly as inventory increases. The challenge going into this season will be that some Naples home sellers […]
Let’s Talk Naples Inventory: 3rd Quarter 2016
Naples inventory (also know as properties for sale) is up from 3,606 properties in third quarter 2015 to 5,044 properties in third quarter 2016. And this does not include new construction since developers only place a limited selection of properties in the area’s Multiple Listing Service. Taking a look back at how bad inventory got after […]
Let’s Talk Naples Homes Under Contract: 3rd Quarter 2016
The number of Naples homes under contract (otherwise known as pending sales) has taken a hit during third quarter 2016, though that’s not overly surprising considering the summer months, most notably August and September, are the slowest for Naples real estate. When comparing pending Naples sales from third quarter 2015 to third quarter 2016, overall […]
Let’s Talk Naples Home Prices: 3rd Quarter 2016
It may be a little unfair to compare third quarter 2016 with third quarter 2015 simply because 2015 was a phenomenal year for Naples real estate. In 2016 we’ve declined from a “great” market to a “good” market. Two years in a row, 2014 and 2015, were “10s” while 2016 is coming in at an […]
