With September nearly behind us and the promise of perfect weather only weeks away the Naples, Florida, real estate market may have a supply problem come high season. The demand for homes this summer was fierce in producing high volume of sales, record-breaking sales, and a limited amount of new listings coming on the market.
Looking specifically at the Old Naples lower end single-family market over the past 3 months (summer activity) we have had 6 pending/sold and 8 active homes for sale. The success of newer home sales during this time period (5 sales) may have something to do with the run on tear down properties as builders reload their inventory.
With this type of market we are going to see price increases over the next 6 months during season as demand increases.If you have interest in consultation on the Naples real estate market please contact Adam Carriero at 239-641-3876 or [email protected].