Has the Real Estate market in Naples stabilized?Naples Area Board of Realtors just approved (in July)
that closed sales information can be used by everybody
– not just realtors! Our software shows Market Trends
with charts, statistics, pictures, aerial photos, and data.
Learn with this MLS® Market Snapshot:
The Market Snapshot software will allow you to determine market trends in Naples by the area you select and with current information each day. Because Naples Area Board of Realtors (NABOR) just started allowing this closed sales information to be seen by everyone, you can now see where the sales took place and when using a zooming map you’ll recognize the area better.
Naples Luxury Real Estate market trend is helpful to everyone - so you know when to buy. The Naples beach condos and beach homes are in Pelican Bay, Bay Colony, Park Shore, The Moorings, Vanderbilt Beach, Old Naples, Aqualane Shores, Port Royal and a few others.
Waterfront properties in Naples Florida, will many times increase in value because of more demand and less supply and it is easier to zoom in on these areas to find closed sale information from Market Snapshot. By looking at maps and zoom in from the birds eye view, looking at the charts to see past sales and current listing prices - you’ll know exactly what is happening in the real estate market of Naples. You can use charts to determine average or median values, or high/low closed sales and watch the market direction of appreciation, deflation or the stability of real estate in Naples.
The closed sales information, current listings and days on the market are current as of the day you’re reviewing. By setting up an automatic report sent to you every 2 weeks or just creating another report each day, you will be current on facts and changes in the Naples real estate market and see market trends.
This information was only available to realtors until July 2010 when the NABOR approved that closed sales information used by everybody. Other internet websites have some of this information but its more generalized, less information and only updated on a monthly basis - so you’ll always be late with their information.
If you have any questions about using Market Snapshot or questions with the information you find please feel free to email me at: SSorenson@Comcast.Net or call (239) 919-0047
When you come to Naples please consider working with me. Our other web site will give you more information on Naples communities, things to do etc.: WWW.ScottSorensonRealEstate.com
My wife’s business is Architect/ Interior Design and to see her projects in Luxury beach condos and houses on Park Shore Blvd, Pelican Bay, Bay Colony, Vanderbilt Beach, Gray Oaks, Aqualane Shores, Port Royal and others you can see them on her web site. WWW.MimiJolieMaison.Com
Our other web sites include: WWW.BayColonyRealEstate.Net WWW.NaplesLuxuryRentals.Net WWW.NaplesParkShoreRealEstate.Com WWW.VanderbiltBeachRentals.Com WWW.VanderbiltBeachRealEstate.Net WWW.PelicanBayNaplesRealEstate.Com WWW.NaplesPelicanBayRentals.Com WWW.PortRoyalNaplesRealEstate.Com WWW.ScottsNaplesRealEstateNews.Com WWW.BayColonyRealEstatenet.blogspot.com WWW.Naples-LuxuryRealEstate.Net
Frequently Asked Questions
The information comes from the local Multiple Listings Service (MLS) database, your area's primary source of real estate listing, transaction and market data. The complete MLS database is only accessible to real estate professionals.
Unlike other sources (like Public Records, which only provide data on Sold Homes), the MLS provides detailed information on homes that have sold, homes currently for sale, homes under contract but not yet closed (pending sales), and homes that didn't sell (cancelled or expired listings). Additionally, the MLS offers analysis of various market trends. So you can be sure that the home and market information I provide to you is the most comprehensive, accurate and up-to-date available.
Other services may provide a generalized, estimated market evaluation of an average home that has the same basic characteristics as your home. However, such an estimate is only one of many pieces of information you'll need to make the most informed decisions you can when selling your home. Real-Time Market Snapshots also include graphical analysis of important market trends that will place your home evaluation into perspective. These Snapshots give you:
• Real-time data on homes similar to yours in your area that have recently sold or are currently for sale
• How long specific homes were on the market before they sold, as well as time-on-the-market averages for your area
• Volume comparisons of recent sales, new listings and total listings
• Percentages comparison of asking price to selling price for recent sales
• Average, median and high/low prices for homes that have recently sold or are currently for sale
The map area displays your home address (if you are using the Snapshot to calculate the value of your home) or your chosen area of interest (if you are using the snapshot to investigate an area with a mind towards buying) and all the properties found in the area which match the criteria you specified.
Next to the map area is an accordion control that contains graphs and statistics based on the properties displayed on the map. The Market accordion control contains the following views:
Each view of the accordion control contains a table summarizing the chart’s contents. The contents of the tables are calculated based on the listed and sold properties found within the selected date range (Last 3 Months, Last 30 Days, This Week). The following statistics are available.
In many ways! In the Asking and Sold Prices view, the Asking Prices and Sold Prices graph depicts the average price and the high/low price of homes for sale in your area that are similar to yours. The graph also depicts the selling price of homes similar to yours that have recently sold. This graph gives you a general indication of what the prices of homes like yours have been doing in the time frame you selected.
In the Asking vs. Selling Price view, the graph the prices that sellers originally ask for their homes with the prices they actually get when their homes sell. Note that if the selling price is equal to or more than the asking price, then you might be in a sellers' market and it will generally be easier to sell your home for the price you ask. If the selling price is considerably less than the asking price, then you might be in a buyers' market and it will generally be more difficult to sell your home for the price you ask.
The Time on Market view depicts the average number of days that homes similar to yours were on the market before they sold. The graph also depicts both the most and least number of days that homes similar to yours were on the market before they sold. Note that the lower the average days-on-the-market, the more it is a sellers' market and it will generally be easier to sell your home for the price you ask. The greater the average days-on-the-market, the more it is a buyers' market and it will generally be more difficult to sell your home for the price you ask.
Finally, the Number of Homes view compares the number of homes similar to yours that have recently been put up for sale, the number that have recently sold and the total number of homes for sale. Note that if recent sales considerably outnumber recent listings you could be in a sellers' market and if recent listings considerably outnumber recent sales you could be in a buyers' market.
The information provided here is meant to give you a general picture of what the real estate market is doing in your area. If you'd like more detailed market information and my analysis of it, or if you'd like a very precise evaluation of your home's current market value, please contact me.
Additionally, if you'd like to know how you can get the highest possible price for your home when you decide to sell, or if you have any real estate related questions at all, I'd be happy to help you.
Asking Price: The listing price of a home when a seller puts it on the market.
Average Price: The average price of all the comparable homes presented in your Market Snapshot in relation to the time frame you have selected.
Buyers' Market: Generally, a market in which the supply or inventory of listings is much greater than the demand for listings. Such a market can also mean that seller expectations of their home's value tend to be more than the market will support. Consequently, market values often increase slowly, do not increase or even decrease.
Additionally, in a buyers' market the number of days that homes are on the market before they sell is greater than average, so it is usually more difficult for sellers to sell their homes at the price they ask.
Comparable: A home in your area that is currently for sale or recently sold that is similar or "comparable" to your home in terms of price, type, size, the number of bedrooms and bedrooms, special features and other details. These comparables are used to help you determine the market value and, consequently, the asking price of your home when you decide to sell.
Expired Home: A home that was for sale but was recently taken off the market. Usually an expired listing is taken off the market because the seller did not receive what he/she considered to be an acceptable purchase offer during the listing term.
High/Low Price: The highest and lowest prices of all the comparable homes presented in your Market Snapshot in relation to the time frame you have selected.
Home For Sale: A home currently for sale on the market (a "listing") that has no pending purchase offer from an interested buyer.
Multiple Listings Service (MLS): A computer-based service that provides real estate professionals with detailed descriptions of most of the homes that are currently for sale on the market, as well as homes that have recently sold and homes whose listing periods have expired.
Pending Home: A home that is currently for sale on the market but has a pending purchase offer from an interested buyer.
Sellers' Market: Generally, a market in which the demand for listings is much greater than the supply or inventory of listings. Such a market can also mean that seller expectations of their home's value tend to be less than the market will support. Consequently, market values often increase rapidly.
Additionally, in a sellers' market the number of days that homes are on the market before they sell is less than average, so it is usually easier for sellers to sell their homes at the price they ask. In fact, sales often involve multiple offers, as well as offers that are greater than the asking price.
Selling Price: The purchase price that the seller and buyer legally agree, regardless of contractual terms and other considerations such as what home features and fixtures are included in the purchase.
Sold Home: A home that has recently sold.
Time-On-The Market: The number of days that a home has been for sale on the market, or the number of days it was on the market before it was sold.