Naples Gulf Access Waterfront Homes and Condos For Sale
Jared Sugerman
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Statewide prices and sales are up in November: Naples Gulf Access Inventory Shortage

Median price for single-family homes in Florida rose 3.9% to $265K.  Condo-townhouse median pricing in Florida is up 5.4$ to 195K in the prior year.  In more great news for Naples Gulf Access, statewide sales for single-family properties is up 6.1% from November, 2018, to 21,842 sales.  This is certainly some exciting news if you are in the market for a Naples Gulf Access property.  The momentum of this real estate market, coupled with extremely low interest rates make this a great time to buy or sell Naples Gulf Access properties.  Perhaps the only headway to more explosive real estate growth, is a lack of inventory of Naples Gulf Access homes and condos.

According to Florida Realtors Chief Economist Dr. Brad O’Connor:

By the end of the month, the statewide inventory of on-market single-family homes was down 10.5% compared to a year ago, while the number of listed condos and townhouses was down just over 7% …” “These declines were not driven by market conditions in any particular part of the state, either. Single-family inventory was down year-over-year in all but two of Florida’s 22 metro areas, while condo and townhouse inventory declined to varying degrees in all but three of these areas … The main takeaway is that we had a one-year reprieve from a worsening inventory shortage, but that reprieve is now over. The underlying fundamentals of the shortage – insufficient new construction and a lack of listing activity from existing homeowners – are still with us and will be for some time to come.”

To see Naples Gulf Access housing activity statistics, go to Florida Realtors’ Statistics and Research section on floridarealtors.org.

Posted on December 22, 2019 at 1:58 pm by Jared Sugerman

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