Naples Housing Market in Recovery

Naples Housing Market in Recovery

Robert Toll, CEO and President of Toll Brothers, one of the nation’s top custom home builders appears to have been correct, when he said ‘Naples, Florida is back”. Last month on Jim Cramer’s CNBC program Mr. Toll stated that Naples is the “One Ray of Hope” in the housing industry giving the Southwest Florida crown jewel an A- grade, while the rest of the country is mired between an F+ and F-.

One well known and in Naples a very well respected real estate firm has reported outstanding numbers for the first three weeks in June, 2008. As of Friday, June 20, the number of contracts they have received to their accounting department is 92. Analyzing the numbers it appears that All the various price range markets are all doing well. This is a welcome change from previous months when we didn’t see these consistent numbers.
Here is the breakdown of the different markets and how many contracts for each: Under $250,000 – 33 contracts
$251,000 - $500,000 – 33 contracts as well
$501,000 - $999,999 – 16 contracts
Above $1,000,000 – 10 contracts.
These statistics are from one of the largest agencies, but one of many, so it appears that June may be another excellent month for Southwest Florida. As you can see by the numbers above, the daily contracts for this company is over 4.5.

Realtors are busier and so are some builders, as confidence in the Naples, Florida market has grown with solid numbers, and with testimonials, such as Mr. Toll’s being broadcast nationally to the American homebuying market.

Kaye Homes, a locally owned Naples builder has seen the confidence of the homebuyer changing over the past few months. Buyers that were sitting on the fence seem to be slowly jumping off and taking advantage of price reductions and guarantee incentives. They’re inventory has been sharply reduced as prices are at a very attractive level for brand new move in ready homes.

For more information regarding these tremendous values or to build the dream home you’ve longed for visit www.kayehomes.com, or call 239 455 1007. Two model centers are open daily in Naples.