Sarasota and Naples Real Estate

When buyers think of premiere living on the Gulf coast of Florida two places come to mind - Sarasota and Naples.  Both communities offer similar lifestyles; boating, beautiful beaches, dining, shopping,  low density, and fantastic golf.  When one envisions Naples they picture 5th Ave & 3rd St in Old Naples.  The streets are flooded with people in the winter months and there are countless restaurants and shops to peruse.  At night you are likely to come across a live band or places to dance. 

The Naples real estate market is also similar to what Sarasota has gone through.  Prices peaked in late 2005 and early 2006.  Sales slowed and prices slowly started to drift downward.  In 2008 it was clear that there was to be an onslaught of new foreclosures and the market really started to tumble.  However, buyers were now interested again and each year since has been getting progressively busier and inventory has steadily shrunk to a healthy balance. 

Naples Closed Sales
2010 – 7264 (3 weeks left)
2009 – 7129
2008 – 4764
2007 – 3911

Some parts of Naples have seen very little drop in price while other areas have been pretty hard.  The areas that have been hit the hardest are the areas furthest east and the condo market.  These two sectors were bought up in large part by investors or those people hit hardest by the economy.  Now that prices are competitive again buyers are very interested.  The reasons to buy in SW Florida are the same as they have always been – lifestyle and climate.

Visit my site to view thousands of Naples homes for sale. 

By: Tim Ryan – Amerivest Realty