Price Reductions - Increases & Other Goofy Stuff We Do in Naples, Florida!

When it comes to Naples, Florida real estate and that old adage: You can go down but you can't go back up...well, it's wrong! Our prices go down, our prices go up and we do everything in between!

Here are a few examples just off the MLS hotsheet today:

1. Was $5,295,000 Now $4,850,000 a price reduction of $445,000 (WELL DONE).

2. Was $2,995,000 on 2/13 Then $2,994,500 on 3/3 Now $2,994,000 (OH BROTHER) But you can't blame the listing agent. He's been tracking his MLS stats and he knows he gets great exposure every time his listing shows up on the hot sheet! Now it takes one click from there to see the listing history. When I see a history like this I think, PLAYER!

3. Was $2,590,000 now $2,595,000...well, it's been on the market since June of last year...maybe the market is heating up...or we're trying to cover expenses incurred for not pricing it right to begin with...I dunno?!?

4. Here's one for $100 less today!!! It's now going for the low price of $1,299,900!!! Wooohhoooooooooo! Who wants to step up!

5. Was $925,000 for almost a month...increased to $975,000 today...that should stir up a buyer!

6. Was $88,500,000 now only $885,000...oops can you say typo or type-oooooh!

Ok, so that's enough silliness! At the time of reporting there were 229 price changes documented today on our MLS. Notice I said Price Change not Price Reduction because as you can see just because it changed, doesn't mean it went down.

What does this mean? It means Naples, Florida prices are going up...I mean going down...I mean going up and down...wait...there's always tomorrow!

It really means if you want to try to get your best price, contact a Realtor who has the intelligence to do some reconnaissance for you before submitting a super low offer which quite possibly has no hope of getting accepted. Don't just submit, do your research or better yet, allow me to do it for you!

One more thing...if you have your eye on a property and you pull it up on a great Naples real estate website by price and then all of a sudden it's not there anymore. It doesn't mean that it's gone. It could mean it's listed at a different price and not necessarily a lower one. :)

Shannon Lefevre, Your Naples, Florida Smart Girl!