Saturday, November 28, 2009

Naples Real Estate Sales Trends 2009

The numbers continue to grow. The last 12 months have shown a steady increase in single family home sales in Naples, Fl. Naples real estate will continue to be a highly sought after investment strategy for buyers. Perhaps more significant is the first time home buyers that have chosen Naples fl homes for sale as their first choice in choosing a homestead. See the graph showing Naples Fl homes for sale closings:


This graph represents only single family home sales, and doesn't include condo, investment properties or land sales. The trend continues upward for those as well.

Many will automatically attribute the increase in sales to the first time home buyers because of the first time home buyers credit. However, I have found that most of my buyers purchasing Naples FL homes for sale are investors with cash. They aren't taking out 2nd and 3rd mortgages to finance their investments, they are instead spending their cash on Naples single family homes. These buyers are the driving force behind the trends currently fueling the spike in home sales. Here is the contrast visually of Naples FL homebuyers financing in the last 12 months:

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