Several weeks ago I was quoted in the Naples Daily News for saying “It’s a Buyer’s market, but the Seller’s don’t know it.” The immediate reaction, told to me by one of the Amerivest Realty agents was, “Thanks, Joe, my buyer decided to hold off on buying.” This seems to be the general attitude of most buyers right now, they are waiting to flush out the real sellers in the market.
List prices are finally coming back to be in line with recent sales instead of the 20% – 30% above the last sale. The Naples home buyers are just lurking, waiting for the right time to start making offers. We expect this to occur late March and into April as the end of season nears. Sellers will be more inclined to sell and buyers will want to make decisions before the heat of summer.
Overall it means Naples is returning to a healthy real estate market after a “cooling off” period.
Joe Ballarino
Broker Owner
Amerivest Realty of Naples
