Naples, Florida real estate, hurry, hurry, hurry!

The Naples housing market does not mirror the US housing market. Naples is not like Peoria IL or Rochester MN. The Naples housing market and economy is driven by second home buyers. Not by agriculture, heavy industry, shipping or high finance. Ten thousand Baby Boomers reach 65 each day for the next 19 years. Those are the kind of dynamics that drive the Naples housing market. So when US media report on US housing forecasts, they are not specific to the Naples housing market. In 2008 they reported US home sales declined 13% (Naples was up 22%). In 2009 they reported US home sales increase 5% (Naples increased 50%). In 2010 they reported US home sales decreased 5% (Naples was up another 13%). Looking at the three year trends. US homes sales were 13% lower in 2010 vs 2007, while Naples was 103% higher. The number of home sales in Naples have been at historic highs. Once again, due to low pricing and demand at those price levels.

The surge in the Naples Florida real estate sales can be attributed to current low price levels. Some homes in Naples have recently been selling at price levels not seen in over a decade. And they have been selling quickly. Properties priced under $200,000 have been very hot sellers. More homes have sold in Naples under the $200k price range than any other year on record!

Buyers are paying cash. Naples has always had a high percentage of cash buyers vs. other real estate markets. But the number of cash buyers sky-rocketed because of the affordability.

So, maybe it's time...you think! soharworldhomes.com, sohar.ca, Re/Max 1-800-828-0531