Sales Steady in Naples Park

The overall Naples real estate market is been quite busy over the last 24 months. Clearly some areas are busier than others. Buyers are sorting out values and deciding where they can get the best ROI over the next 5-20 years. There is no question that there will be additional foreclosures. What is uncertain is just how many buyers will be there as these new properties get listed.

One area of particular interest to investors, first-time home buyers, and vacationers is Naples Park. This non-gated community west of 41 was a big draw to buyers in the boom years. Many homes were purchased on speculation. The feeling was that this area would continueto be in high demand because of its dynamic location. After all, some parts of Naples Park are less than one mile to the beach. However, these buyers were highly leveraged and as the market started to crumble, Naples Park suffered worse than the overall market as owners left their homes in distress.

Take a look at howNaples Park home values have dropped over the last four years.

You can see that overall pricing has dropped by about 50%. Over the past 24 months pricing has been fairly steady. I would say that there has been less higher-end properties selling which has left the average slumping more than the median.

Now take a look at the number of homes that are selling.

This is a great sign to owners. While the total number of Naples Park homes for sale has steadily slid, the pace of sales has not slowed. I expect really positive results for the upcoming quarters. Traditionally the 2nd quarter is the busiest for closed sales.

Visit my website NaplesPark.com to learn more about buying Naples Park real estate. The best time to buy is when you area ready. However, with an area like Naples Park there is no telling when this will make a quick turnaround. There are not too many places in the country where you can buy a single family home within one mile to the beach and also have access to amenities like Mercato and a state park.