Naples,
Florida is an affluent community located on the south western coast of Florida.
It boasts expansive white sandy beaches, four hospitals, an airport, large
industry interests and maintains a sleepy vacation ambience. It is finally a
good time to be a Naples real estate
agent again. After five years of decline, real estate sales had a ten
percent rise last year.
Most
of the Naples homes for sale
are second homes that were listed when the real estate market slid state wide
several years ago. Even with an improved market a Naples realtor can move one of these homes at a 25-50% discount
from listed prices. One stimulus for the improvement has been attributed to the
stable federal tax rates in 2012 and the increase in the stock market recently.
While nationwide expectations remain guarded, Naples has traditionally been a
vacation spot for the nations wealthy. A Naples realtor can expect a comeback trend from this population.
There
was a significant population of less than wealthy residents that unfortunately
fell victim to foreclosure. There are many Naples houses for sale that have remained unoccupied for some
time. Many Naples houses for sale
require extensive refurbishing and are available for a fraction of the
appraised value when vacated. It is an active time to be a Naples real estate agent at present. A
wide range of property values from thousands to many millions of dollars are on
the market. This is a very rewarding time to be a Naples realtor. As the wealthy reestablish vacation and second
home presence, the influx of money stimulates the local economy. A return of
the general population to support the increased financial influx will require
additional devotion to the job for a Naples realtor.
The
physical geography of Naples is spread over 14 square miles and has a full time
population in excess of 22,000. A significant source of interest for a Naples real estate agent involves the
many golf communities. The major economy of Naples continues to be real estate
development, agriculture and eco-tourism. The last due to Naples location
bordering the everglades and Ten Thousand Islands. A poll in 2009 voted Naples
as one of the top ten “pricy” cities worth the high cost. Somewhat of a dubious
honor.
New
home construction in Naples has regenerated several moderate to high end
communities have jump started development. Many pretend the market hasn’t
changed from the high it enjoyed five years ago. If considering a new home in
one of these luxury communities there are several things to consider. One is
how close you are to the water. The beach is a major draw to Naples but can affect
flood insurance rates. Look at what can affect resale value. What are the local
schools like for example. Find out if there are Homeowners Association (HOA)
dues and what is included in those fees.
Naples
real estate is a buyer’s market at present. With so many homes left on the
market and new construction the choices can be overwhelming. Find a good
realtor and take time researching.
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