What a roller coaster month real estate news has been! “New Home Sales Plummet”, Existing Home Sales Decline, Oil Spill Destroying the Beaches.
If you’re hearing these national reports on the news and financial channels, you could be quite discouraged. But don’t despair. Locally, in beautiful Naples and Collier County, the news is actually quite good.
The US Commerce Department that nationally new homes sales dropped an alarming 33%, existing home sales declined 2.2 %. The greater than expected declines are blamed on the end of the new home tax credit.
A few calls, however, to Naples are builders found that business remains good, as demand for new construction remains brisk. Buyers are being drawn to new communities and new products as a way to avoid the uncertainty of neighborhoods impacted by short sales and foreclosures.
Existing Home sales may have declined nationally, but in our area sales in May were up 7.7% versus 2009. Granted, that’s not the huge increase we saw last year when May sales in 2009 increased 84% over 2008. It does indicate that our market remains solid, and that we continue to move in a positive direction.
FYI, May and June sales at The Dunes are up 14% over last year.
Next, the oil spill continues to dominate the national news, and video of soiled beaches are seen daily. It is true that some oil has come ashore in Northwest Florida, but NONE HAS BEEN SEEN along Collier County beach.
To read more and monitor the local situation. This site is updated regularly by Collier County Emergency Management. They are being very proactive in preparing for the worst, even though there is no current indication that our beaches will be impacted negatively. Labels: dunes, high end, naples, real estate
