For anyone residing or spending any significant amount of time in the Olde Naples area this will not come as shocking news: we have seen a tremendous increase in sales, construction, and overall development in the Olde Naples area over the last 24 to 36 months, and all signs point to a sustained market. The team at Gulf Coast International Properties has put together a comprehensive mid and full year market report for the Olde Naples area. The following are a few noteworthy stats:
Sales of single family homes are up over 31% from 2012 to 2013.
The average number of days a property is on the market is down 30% from 228 days in 2012 to 154 in 2013.
There is a 24% rise in lot values between April 2012 and September 2013.