WHAT’S TRENDING IN NAPLES REAL ESTATE
The Naples Area Board of REALTORS® held its fourth annual Economic Summit in early April to discuss factors influencing the future of real estate. Cindy Carroll, John Tuccillo and Dr. Elliott Eisenberg shared their viewpoints.
Real estate appraiser Cindy Carroll Naples reported home prices are going up and stabilizing nearly across the board and in certain cases have surpassed peak 2005 levels.
“Neighborhoods broken down by zip codes seem to make a lot more sense than when it’s broken down by price range,” she said. “It’s about location, not price range, it’s how close you are to the beach, which drives your value.” (Go to my website Cherylturner.com and sign up to receive your report by zip code.)
Dr. John Tuccillo, chief economist for Florida Realtors® introduced new key indicators affecting real estate in Florida including natural and in-migration population growth, employment growth and a healthy stock market, which is helping fuel second-home purchases, especially retirees. “There is a very close correlation, between million-dollar-plus home sales in Florida and the Dow so it’s kind of an indicator on where home sales are going.” Read more>>>