When it comes to distressed properties, Florida is still in trouble, according to RealtyTrac, DSNews, and other industry publications. Florida has jumped to No. 1 from the second spot on the list of states with the highest foreclosure activity. The deliquancy rate in in Florida stands at over 17%, compared to the national average of 6.21%, and Collier and Lee Counties typically have the highest number of delinquancies in the state. So, what does this mean for us? With property values steadily increasing month to month in the Naples area, it means that banks are more willing to move to the final stages of foreclosure because there is sufficient demand and prices are improving. There is no better time to own real estate in Naples, Florida. If you're looking to sell, the market is up and the demand is there. If you're looking to buy, your opportunity may be now or in the near future. While finding a foreclosure in Olde Naples, the Moorings/Park Shore, Aqualane Shores, or Port Royal may be difficult, it can and has happened. Whether you're looking to sell your home, buy a home, or purchase an investment property in the Naples area, the time is now.
1144 Third Street South
Naples, FL 34102