Naples is a beautiful city with gorgeous homes for sale. If you are thinking about buying a home, click here to view all our listings, or if you want to sell, we can provide a Home Price Evaluation. If you have any questions or are interested in meeting for a home buying or selling consultation, please call us at 239-595-8500.
Explaining the Feast and Famine Phenomenon in the Naples Real Estate Market
A lot of our clients here in Naples have noticed that when they
check the MLS in their neighborhood they seem to find either a large
amount of listings, or nothing it all. What is the reason for this feast and famine cycle in real estate? Well, let us explain.
When a new condominium complex is built, usually all of the sales occur at the same time.
This can occur with subdivisions too. They are usually constructed in
2-3 years and consumers buy up the properties and lots all at the same
time.
Once all of these properties are initially bought
out, a turnover usually occurs after 3-7 years and people begin selling
their properties. This obviously brings in a new batch of buyers
and it creates a cycle where you have lots of buyers coming in around
the same time every few years, and then you will see another wave of
for-sale properties a few years down the road.
Another factor in this phenomenon can be the age of the building and the type of community that it harbors.
Sometimes people move to a certain area for the lifestyle that it
provides, but when their preferred lifestyle changes, then they will
move elsewhere.
This is why it seems like everything suddenly pops up on the market, and then the next thing you know, nothing is for sale.
As
always - if you're looking to buy, sell or invest in Naples real
estate, then you know where to turn for satisfactory service. Call The
Saad Team, your local professionals. We can sit down and discuss all of
your individual needs.
Naples Is A Beautiful City
Naples Is A Beautiful City
