The Rise of Naples Florida Real Estate

Florida's real estate market is turning around, and one of the very brightest spots in the post-recession resurgence is Naples Florida. Investors have been quick to realize the potential in this undervalued market. With prices for new homes in Naples increasing and available inventory diminishing to a five year low, many major business publications have pinpointed Naples FL as the place to buy in 2011. There simply isn't a better time than right now to invest in Naples Florida real estate.

Financial writers in Bloomberg, Forbes and Money Magazine have pinpointed Naples FL homes as great place to invest. Homes that were priced in the $650,000 to $1.2 million range five years ago are now selling for $400,000 to $800,000. In addition to the investment value, Naples Florida luxury real estate is enhanced by its quality of life, with relaxing beaches, championship golf courses, outstanding tennis and superb shopping and dining.

Adding to the appeal of Naples Florida real estate is that interest rates remain historically low—the average 30-year fixed-rate mortgage in Naples was recently 4.38% according to Bankrate.com. The result of all these factors is that homes for sale in Naples are more popular than ever.

According to the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County, sales for both single-family homes and condos are on the upswing. For the 12 months ending September 2011, all Naples geographic areas showed an increase in pending sales compared to the same 12 months in 2010. In particular, activity has picked up in higher priced properties, with single-family pending sales in the $500,000 to $1 million-price category up by 30 percent in the third quarter.

Both condos and homes for sale in Naples are up. For the 12 months ending September 2011 overall pending sales increased 11 percent with 10,036 contracts compared to 9,026 contracts for the 12 months ending September 2010. Condo sales increased 7 percent with 807 sales in the third quarter of 2011 compared to 752 sales in the third quarter of 2010.

All these statistics support the claim that Naples real estate is on the rise, with buyers and sellers coming together to take advantage of buying opportunities. With inventory on the decline and prices starting to increase, it seems that 2011 is one of the best times to buy in Naples, whether for a year-round residence, second home or place to retire. As a real estate investment, all economic indicators point to Naples as an outstanding choice.

With plenty of golf, beaches, and fishing, Naples is an enchanting, sun-drenched spot along Florida's southwest coastline.

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