Olde Naples Real Estate Sales Update May 2013

05/1/13

 
Olde Naples Real Estate has enjoyed a big year thus far achieving an overwhelming recovery. A good example I like to point out which puts a barometer on where we've been and where we are is when comparing a typical lot sale from the bottom of the market in 2009, to a recent lot sale in very close proximity. The Olde Naples lot at 577 Gulf Shore Blvd which is a 100 X 150 lot just one block from the beach sold 3/11 at $1.176m. A comparable lot just 4 blocks to the north at the corner of 2nd Ave S and Gulf Shore Blvd which was also a 100 X 150 lot just traded at $2.15m. In a 2 year span the market in this area is back up a whopping 30% off of the bottoms of 2009-2011. This is not a surprise due to the desirability of the Olde Naples area. The location, beach access and quality of life in this area is truly unmatched.

If you are looking for more information on Olde Naples real estate, contact area expert Rex Miller with Gulf Coast International Properties today at 239.821.1433 or rex@gcipnaples.com.

Rex Miller, P.A.
Realtor
239.821.1433
rex@gcipnaples.com



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