Naples, FL sees BIGGEST Home Price Decrease since 2011!
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- Äas pĹidĂĄn 28. 12. 2023
- đĄ Welcome to our latest Real Estate Market Update for 2023, where we delve into the intriguing contrasts and trends between Collier and Lee Counties! This video is a must-watch for buyers, sellers, and investors who want to stay informed about the dynamic real estate landscape. đ
đ Key Highlights:
Naples vs. Fort Myers: A side-by-side comparison of the year-over-year changes in key real estate indicators.
SOLD Properties: Discover the shift in sales volume, with Collier experiencing a slight decline and Lee seeing a significant increase.
Median Sold Price Analysis: Understand the market's price adjustments, noting a drop in Collier and a modest rise in Lee.
Days on Market: Explore how quickly properties are selling and how this pace has changed over the past year.
New Listings: Assess the increase in new properties hitting the market in both counties.
Pending Inventory and Months Supply: Get insights into the current inventory status and what it means for buyers and sellers.
Dollar Volume: Examine the total sales value in both counties and its implications on the market.
đ Stay ahead of the curve with our in-depth analysis and expert commentary on these critical statistics. Whether you're planning to buy a new home, sell your property, or make smart investment decisions, this video provides valuable insights into the current state and future trends of the Collier and Lee real estate markets.
đ Don't forget to Like, Share, and Subscribe for more real estate market insights and updates. Drop your questions and thoughts in the comments below - we love hearing from you!
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If you are considering selling and want to get an idea of what your Florida home is worth, send an email to info@gulfpointeproperties.com. If you're looking to purchase in the area, you can get a jumpstart by filling out your home wish list here: forms.gle/B91pjBStQbEnUCBPA
đ˛ Thank you for your support! We have so many people contacting us who are moving here to Naples & Fort Myers, and we ABSOLUTELY love it! If you are moving or relocating here to Southwest Florida, my team and I can make that transition so much easier on you.
Reach out...we're here for you!
Brad Dohack, Broker/Owner at Gulf Pointe Properties, Team Lead
đ˛ Call/Text Direct at (239) 734-7723
đ˛ Email: info@gulfpointeproperties.com
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Scratching my head after seeing a listing for a 2700 sq ft new construction home on 10th Street between Tamiami and Goodlette Frank near the zoo for $4.1 M- nothing so great not near water. As a former Naples resident I wonder what anyone buying such a home is thinking. Then again it has been on the market over 300 days so maybe buyers are smart!
Just wait the price drops are going to continue. The locals canât afford to buy or rent in the area. And a housing market canât stand without the local works. For forever.
I prefer Hallandale beach Florida beautiful city good beaches and restaurants and growing businesses and communities, and good nightlife.â¤
Naples buyers could care less about mortgage rates as most are cash buyers.
True , but prices are still high and based on a competitive market when interest rates were low . Also the snowbird democrat states have eased off covid tyranny and aren't as desperate to relocate down to Florida now. Rates and politics contributed to Fl hot market. Not to worry covid 20 should be here right around the corner along with low interest rates after they claim inflation has been defeated during an election year.
Wrong, rich people live and die on interest rates you think like a "brokie."
I feel that the decrease in interest rates will not be a trigger in new buyers, nor price increases. The price to income ratios are so out of whack, the lack of buyers will continue. It's the prices, not rates that will drive buyers.
It's definitely a big factor. The people who have gained equity by owning are more willing to sell and buy than new buyers.
Good to see Naples median prices down YOY. Prices drove us out after being there for almost 4 years. Bad timing on selling in 2019 and then the pandemic and exponential price growth.
You think rates will decrease, you are so precious. Dream on!
Has anyone noticed that DR Horton is now a huge landlord? Half of all the homes they have built are now closed and transferred to DR HORTON HOLDINGS. Then they rent the homes out for below what it would cost someone to carry it. Enbrooke, Meadow brooke, Tamarindo. And they aren't the only ones Lennar is doing the same in Orange Blossom ranch.
Yep, this is what happens when assets are being re-valued.
I think NAR is wrong yet again. They base RE solely on Interest rates and are not factoring in incomes to cover mortgages. The investment buyers who came in 2021/2022, will not prop up prices in 2024.
The comment about NAR in the video is about the number of homes sold, not prices.
Agreed, but they just came out with a small price increase in 2024.
Naples is way overvalued. Small job market unless you are in the medical industry. Limited social environment due to an aging populace. Dangerous roads, again due to older drivers. Basically, unless you are here to retire and have money saved, look elsewhere.