Naples FL properties cost less, worth more, says US News & World Report.
“America’s 10 Best Undervalued Places to Live.”
Naples
Over the bridge in Naples, in July, U.S. News and World Report ranked Naples, Florida, third on the list of “America’s 10 Best Undervalued Places to Live.” Furthermore, Florida Travel & Life magazine touts Naples as “one of the bargain areas of Florida.” The magazine states that Naples, with its “culture, class and money, make this town a prized asset in any real estate portfolio.” This sentiment is reflected in an overall homes sales increase of 67 percent and inventory decrease of 12 percent.
According to Tom Bringardner, president of Premier Properties, “Every geographic area experienced an increase in both pending and closed sales, which is encouraging when looking at the bigger picture in Southwest Florida.”
Marco Island
Marco Island is not reporting the sizeable gains that Naples is reporting at this time. In hindsight, Marco Island started its sales push in May 2008, when sales were reported at 2005 levels. Unfortunately, that momentum stalled in the fall of 2008, with the credit crisis.
Marco Island — Four-year sales trend. Pending sale comparable to closed sales in May 2005
For Marco Island, through Aug. 20, the largest area of growth is the single-family home market. The 2009 single-family home sales exceeded 2006 and 2007 sales (for the same time period of Jan. 1 to Aug. 20). With three more months to go in 2009, single-family homes are already on track to surpass 2008 home sales for the entire year. From Jan. 1 to Aug. 20, the total closed and pending sales (under contract with and without contingency) totaled 270.
From Jan. 1, to Dec. 31, 2008, there were 263 home sales.
Rate this! 1-5 starsOver the bridge in Naples, in July, U.S. News and World Report ranked Naples, Florida, third on the list of “America’s 10 Best Undervalued Places to Live.” Furthermore, Florida Travel & Life magazine touts Naples as “one of the bargain areas of Florida.” The magazine states that Naples, with its “culture, class and money, make this town a prized asset in any real estate portfolio.” This sentiment is reflected in an overall homes sales increase of 67 percent and inventory decrease of 12 percent.
According to Tom Bringardner, president of Premier Properties, “Every geographic area experienced an increase in both pending and closed sales, which is encouraging when looking at the bigger picture in Southwest Florida.”
Marco Island
Marco Island is not reporting the sizeable gains that Naples is reporting at this time. In hindsight, Marco Island started its sales push in May 2008, when sales were reported at 2005 levels. Unfortunately, that momentum stalled in the fall of 2008, with the credit crisis.
Marco Island — Four-year sales trend. Pending sale comparable to closed sales in May 2005
For Marco Island, through Aug. 20, the largest area of growth is the single-family home market. The 2009 single-family home sales exceeded 2006 and 2007 sales (for the same time period of Jan. 1 to Aug. 20). With three more months to go in 2009, single-family homes are already on track to surpass 2008 home sales for the entire year. From Jan. 1 to Aug. 20, the total closed and pending sales (under contract with and without contingency) totaled 270.
From Jan. 1, to Dec. 31, 2008, there were 263 home sales.
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