According to Local Market Monitor the Naples-Marco Island housing marked ranked first in its prediction that our markets prices are expected to cumulatively increase by 37% by the 3rd quarter of 2016. That is the largest percentage increase of all the 315 markets that Local Market Monitor tracks nationwide.
Statewide, Florida home prices are predicted to rise 26% for the same 3 year period.
The biggest increase in Naples-Marco Island is anticipated in 2014, when prices are projected to rise 15 percent. In each of the two subsequent years, the firm predicts an 11 percent increase. Local Market Monitors chief operating officer, points to Naples-Marco Islands job growth of 6.3% over the past year as the prime catalyst for the sunny forecast. Tourism is a main driver of the growth and more retirees coming to the area permanently will also boost the population and demand for homes.
For more information the Naples Real Estate Marketplace or a Current Market Analysis of your home please call Kevin Aizenshtat at 239-777-1451
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