Comments on: Naples Real Estate Market Update – Home Sales Improving? http://adeltarealty.net/blog/naples-florida-real-estate/naples-real-estate-market-update-homes-%e2%80%93-improving/ Homes for Sale in Naples Florida Thu, 26 Apr 2012 12:48:18 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Glenn http://adeltarealty.net/blog/naples-florida-real-estate/naples-real-estate-market-update-homes-%e2%80%93-improving/comment-page-1/#comment-8 Glenn Thu, 21 Dec 2006 20:59:21 +0000 http://adeltarealty.net/blog//naples-real-estate-market-update-homes-%e2%80%93-improving/#comment-8 It might be a "Mexican stand-off", but sellers need to look at what comparable properties are selling for within a three-month and look closely at pending sales. I agree that some sellers are stuck in 2005, however, the prices paid are higher than 2004, but lower than 2005. In honestly, there are still some very well priced properties on the market. Part of the issue in the Naples area, has been the negative press that Naples is over-valued. In the analysis done the author seems to compare prices to the financial demographics. I always ask the same question - if someone lives else and Naples is not their primary residence, where does their financial demographics in the analysis end up? Is any of the financial demographics allocated to the Naples area? Or is all the income associated with their primary residence? Ultimately, the area's population will continue to grow, just maybe a little slower than the past 2 years. As buyers re-enter the market, prices will increase at probably the historical annual price increases - and not like the past couple of years. It might be a “Mexican stand-off”, but sellers need to look at what comparable properties are selling for within a three-month and look closely at pending sales.

I agree that some sellers are stuck in 2005, however, the prices paid are higher than 2004, but lower than 2005.

In honestly, there are still some very well priced properties on the market.

Part of the issue in the Naples area, has been the negative press that Naples is over-valued. In the analysis done the author seems to compare prices to the financial demographics. I always ask the same question – if someone lives else and Naples is not their primary residence, where does their financial demographics in the analysis end up? Is any of the financial demographics allocated to the Naples area? Or is all the income associated with their primary residence?

Ultimately, the area’s population will continue to grow, just maybe a little slower than the past 2 years. As buyers re-enter the market, prices will increase at probably the historical annual price increases – and not like the past couple of years.

]]> By: V.K. Melhado P.A. http://adeltarealty.net/blog/naples-florida-real-estate/naples-real-estate-market-update-homes-%e2%80%93-improving/comment-page-1/#comment-7 V.K. Melhado P.A. Thu, 21 Dec 2006 10:39:35 +0000 http://adeltarealty.net/blog//naples-real-estate-market-update-homes-%e2%80%93-improving/#comment-7 I totally agree with you Glenn. The greater Naples market seems to be in a bit of a Mexican stand-off, with sellers living in 2005 (as far as pricing goes) and buyers rather ambivalent about whether to pull the trigger or wait for the market to go lower. Although I do not subscribe to their theory, there are naysayers within our industry, who believe that the market will drop another 10%. I totally agree with you Glenn. The greater Naples market seems to be in a bit of a Mexican stand-off, with sellers living in 2005 (as far as pricing goes) and buyers rather ambivalent about whether to pull the trigger or wait for the market to go lower.

Although I do not subscribe to their theory, there are naysayers within our industry, who believe that the market will drop another 10%.

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