Kevin J. May Naples, FL Southwest Florida Real Estate

SOMETIMES REFERRED TO AS THE "SOHO" OF NAPLES THE BAYSHORE AREA HAS BEEN REDEFINED AS

THE NEW CENTER FOR BURGEONING CULTURAL AND ARTISTIC EVENTS.

THERE IS A STIGMA SURROUNDING THE AREA THAT HAS PERSISTED FOR MANY YEARS WITHOUT

BASIS. IF YOU'RE A LONGTIME NAPLES RESIDENT AND HAVE NOT EXPERIENCED THIS RENAISSANCE

THEN YOUR TIME HAS COME TO REVISIT AND REASSESS FOR YOURSELVES THE NEW DIRECTION.

COME ONE, COME ALL! IT'S FREE.

By attending this event you'll show your support of the fabulous team of professionals

serving us through COLLIER COUNTY and the BAYSHORE/GATEWAY TRIANGLE CRA.

IT'S SURE TO BE A BLAST FOR ALL AGES AND CULTURES!

Most Real Estate experts would agree that a 3.5 to 5 month supply of inventory would indicate a Seller's market. With the upcoming season we're gearing up to continue this favorable trend. Note that prices are continuing to fall in several of our market areas.

Well, once again it appears that vacation time is over and we'll have to get back to work starting NOW. It seems that our 2nd home market in Naples is nearing it's natural equilibrium. The chart below shows the inventory at just under half of it's peak in the first quarter of '06. The seasonal trend is easily visible here. What cycles play a role in your market?

Now we're moving! Very close to half of this quarters listed properties are also sold within 90 days. The details are all starting to fall into place. There remain a few caveats to consider.

Everything is looking nice and rosy now, don't you think? Here's where the breakdown begins. It's merely the reality which we all are experiencing. The trend may be an indicator of good things to come. We all are seeking some stability in an uncertain market. Do you see what's going on here?

Our average sale price is seeing a form of stability with about 10% devaluation over the last year and a miserly 3.1% in the past six months. Wait, it can get better!

When using the median sold price you can see the slight upward trend. This information is by no means indicating a time to rejoice or declare for the 26,583rd time that the recovery is now upon us. The indices are representative of the Naples, Florida real estate market and encompasses residential property only. The general consensus would be to observe this trend for at least another quarter to determine it's value, if any.

FINAL THOUGHT:

An economist is a surgeon with an excellent scalpel and a rough-edged lancet, who operates beautifully on the dead and tortures the living.

Nicholas Chamfort (1741 - 1794)