NARBOR (Naples Area Board of REALTORS), tracks home listings and sales within the Collier County area -excluding Marco Island. The market concludes the year of 2015 with the only difference between this year and last, is that the inventory is much LOWER than last year. What does this mean? It means that prices are increasing as is demand.
Most pending sales near the end of 2015 average over $300,000, and homes over $1M are more abundant. Home market prices are rising, so buy or sell NOW.
On the flip side, homes under $300,000 are going fast with the number of first home buyers, retirees, and boomerang buyers, increasing in Naples. Competition is high, which is good for sellers -not so much for buyers. It’s more important now than ever, to have an experienced realtor when purchasing a home in Naples.
When selling your home, know that the days on the market have decreased. There’s no time like today to list your home. Call Homes By Bill and Katie!
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