November 2022 Newsletter

November 2022 Newsletter

 

 

 

 

November 2022 Newsletter

People ask me daily about the market and why I have a “rosy” outlook on the market in our community. This is the best way to sum things up… borrowed and adopted from top Economic Advisor, Elliot Eisenberg, Ph.D.

“Despite many economic shocks, I’m thankful that the unemployment rate is near a 50-year low, supply chains are unsnarling, the stock market always recovers from bear markets, interest rates are up making interest income easier to come by than any time since the Housing Bust, Covid deaths are near their all-time low, tech layoffs give other sectors a chance to hire top talent, and much more! Happy Thanksgiving!”

To add to this, we can also now say that for the first time in several months, interest rates have decreased the last two weeks! This is good news!

Now, when we drill down to Southwest Florida and the Greater Naples area, we see even more positive reflections of opportunities for Buyers and Sellers compared to the rest of the nation. We are the good news in the Real Estate market! Please note, we already saw prices settle after the excitement of Q1 2022. They are now starting to rise at healthy and normal rates, but you can still find value compared to Q1 pricing.

In Southwest Florida, we have seen 27 weeks of growing inventory which means buyers have more options. Our days on market on average has increased from 15 to 41. This means buyers have time to consider a property without the competition of multiple offers over ask. In fact, the List to sales price ratio is down to 97%, so you don’t have to consider an escalation offer over list price.

For Sellers, it is also positive to consider the steady demand for our marketplace and that we continue to remain at a fraction of the inventory that we had pre-COVID. Therefore, you have less competition on your price and buyers want to buy in our market whether they make a transition in size of home or property type, or we consider the sheer number of buyers looking to share in our Southwest Florida lifestyle. We have a lot of reasons to be rosy in our market and so much to be grateful for compared to buyers and sellers across the nation.

If you would like to know what this means for you, and your personal real estate goals, please reach out. I am always available to chat about the market and current values. This is what I love to do!

Please see the market stats below:

 

Featured Listing

This brand-new Single-Family Home is the only 4 Bedroom + Den, Southern exposure, Preserve view home in Esplanade at Hacienda Lakes. Enjoy entertaining family and friends in your extended Lazio model where the Summer Kitchen is pre-plumbed and ready to be designed.

The open concept highlights the oversized kitchen island, walk in pantry, and gas range with plentiful counter space. This community features resort-like amenities including Bocce, Tennis, Pickle ball, a resort style pool, lap area, play area, exercise room, full-time lifestyle manager, and more for very reasonable monthly dues! The neutral palette of this spacious home is waiting for you to insert your personal style. Enjoy the best of downtown Naples just 15 minutes away from dining, beaches, and entertainment. This is inspired living!

 

Community Spotlight

  • Here are just a few of the special events taking place to welcome the Holiday season that I am looking forward to.

  • December 3rd and 4th is the 49th Annual Christmas Walk and Tree Lighting Ceremony on 5th Avenue South from 5-8 p.m. featuring Live music, holiday experiences, a Living Nativity by the First Church of the Nazarene, Skating Rink, an appearance by Santa Claus, and dine on 5th Avenue. This is a two-day festival.

  • December 6th the Naples Christmas Parade from 6-8 PM. The parade starts down on Third Street South and moves North to Fifth Avenue South towards 8th Street.

  • December 7th- 11th enjoy the QBE Shootout Tournament a PGA Pro-Am Golf Tournament hosted by Greg Norman held at Tiburon Golf Club at The Ritz-Carlton Golf Resort, in North Naples. Enjoy the opportunity to get up close and personal in this intimate invite only tournament!

 

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We are passionate about Southwest Florida real estate. We love what we do and we are focused on integrity and exceptional service. We pride ourselves on serving as your guide in your real estate transaction, serving to educate you, assist you, and facilitate a transaction that is smooth and swift.

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