Lately, one of the most frequently asked question I’ve been receiving from clients who are thinking about selling is, “But if I sell, where am I going to go?” This is a common dilemma in a rising market. On one hand, you want to take advantage of the “Seller’s Market”, with median closed sale prices up over 18% year-over-year…but, unless you are looking to downsize or relocate somewhere else in Florida, the answer to that questions doesn’t appear to be clear to many.
According to the Naples MLS, our inventory is down 49% as compared to this same period last year. If you are looking in an established neighborhood, this definitely effects your buying options. The good news is, there are many amazing new home communities, and many sellers are taking advantage of selling now, and looking carefully at these options; being able to stay in Naples yet ‘cash-out’ of their current home. This is where we can help guide you along this process. First of all, set up an appointment to get the real value of your home in today’s ever changing market…then, let’s go out and take a look at some of the new home communities. Taking us along with you does two things. First, remember, the sales staff at these new communities work for the developer. Second, you get a clear, unbiased professional opinion of the homes you are considering. Based on our experience, we can help you navigate through everything from home-site selection, to picking finishes to recommending lenders if necessary…Then, post-closing we have your best interest in mind when doing the customary walk-through and reviewing the builder warranty.
Some other interesting stats reported by our local MLS are:
Condo closed sales are outperforming single family home sales.
Overall closed sales year-over-year are up 45%.
Current “pending” sales are up 87%.
Days on the Market is down 21%.
If you see it and you like it, don’t hesitate!
We are here to assist you in any capacity. Many buyers are coming to Naples from the Midwest, which is pretty typical, but we are seeing a higher percentage from the Northeast as well as the east coast of Florida and California. Call us today and let us give you a “no obligation” market analysis to determine the value of your home. Maybe you’ll decide to just stay put, but knowing your options is sure to help you make the most informed decision. 1-239-370-0574
Stay safe!
The Naples Real Estate Blogger
