Whether you’re looking to buy a home or sell one any time soon, real estate trends in Naples can be unpredictable if you aren’t updated. The housing market in Naples is as in demand as ever, and you’ll want to be updated with the latest trends so you can take advantage of the best deals Naples, Florida has to offer!
Here are some real estate market tips to remember before you buy or sell that property you’ve been eyeing:
Naples Home Values Have Gone Up 24.6%
This is great news for sellers who are looking to try out premium pricing for their property listings. Don’t be too conservative about pricing your Naples properties a bit higher, since these have become even more in-demand than ever before.
According to Zillow, the average value of a Naples home has gone up to $427,747 given how high the demand has been. This is still higher than the national average of $374,900. Although this is good news for sellers, you might want to look into mortgages and other loans if you are looking to buy a property in Naples.
Single Family Home Sales Are On The Rise
As a seller, it would be smart for you to tailor your marketing strategy to heavily target single families. The statewide real estate growth of Florida is at around 6%, and single-family homes in Naples grew to a whopping 24%. That’s more than quadruple the amount of the statewide growth rate!
This is great news for individuals who want to start a family in Naples, too. You certainly won’t be lacking for good quality housing in the area.
There Are A Good Amount Of Top Rated Schools In Naples
Speaking of single family households, another treat for these buyers is the wide variety of quality schools in the area. Here are the top five schools rated by GreatSchool:
- Mason Classical Academy (5 stars)
- Sea Gate Elementary School (4 stars)
- Lake Park Elementary School (5 stars)
- Naples High School (3 stars)
- Poinciana High School (5 stars)
All of these schools are relatively near residential areas as well, so it won’t be difficult for you to find properties nearby!
Amenities Near Naples, Florida Are Highly Rated As Well
Apart from the outdoor activities, wildlife areas, and cruises you can check out in Naples, their everyday amenities are quite impressive as well. Branches are numerous enough to be situated conveniently near residential areas, and most of their local amenities are highly rated by customers!
Pharmacies like Naples Pharmacy and Walgreens are well-stocked, just like their groceries like Grocery Outlet Bargain Market. If you’re craving for a quick snack or coffee, Naples’ nearby restaurants and coffee shops are highly rated as well. Notable examples to check out include Kunjani Craft Coffee & Gallery as well as Brooks Gourmet Burgers & Dogs.
Townhouse And Condo Sales Are Up, Too
We know what you might be thinking: what about potential buyers who might not fit into the single family household mold? Examples could include single individuals and their group of roommates or a couple who aren’t interested in having children. Good news for sellers, still!
According to Business Observer, if we’re talking about townhouse and condo sales on a per unit basis, this is currently up by 18%, which is much higher than the statewide growth rate of 6%! If you’re someone looking to move into a smaller unit, Naples clearly won’t disappoint.
Need More Info?
Now that you’re familiar with baseline real estate trends in Naples, Florida, you can start exploring everything this town has to offer. But first, make sure that you have the right real estate team by your side to help you with your buying or selling needs.
Look no further than Engel and Völkers! We know everything about what makes Naples a special place to live in, and can make strategic recommendations based on our expertise surrounding the local landscape. Your real estate journey will definitely be smooth sailing from here on out.
Visit us online for a free consultation today, and it won’t take ten minutes to fill out the details you need. You can also email frank@domainrealtygroup.com or call (239) 206-6577 to inquire today.