According to a recent study put out by the University of Florida, consumer confidence in the state is currently at a level of 79. Levels have not been this high since October of 2007. Part of what is considered in calculating this number is the median home price indicator. Median home prices statewide have increased by nearly 6% over the last year and consumers are feeling more comfortable purchasing "big ticket" items according to the study. The Naples real estate median home price has risen by 10% over the same period. Confidence seems to be even higher here in Naples Florida we are seeing the real estate market gain momentum beyond most real estate professional's expectations. Prices of Port Royal, Old Naples, Aqualane Shores, and other Luxury markets within Naples have increased in some cases as much as 35% and inventory in Naples luxury real estate areas is now at 5 years lows or roughly 6,000 available listings down from a high of over 13,000 listings. There are still some great opportunities to be had but options continue to dwindle at a rapid pace. For more information on Naples luxury real estate contact area real estate expert Rex Miller at 239.821.1433
Rex Miller, P.A.