Tuesday, May 10, 2011

Realtor Tim Ryan Gives an Update on the Naples, FL Real Estate Market

The Naples real estate market has continued to thrive despite negative public opinion and massive amounts of bad press.

NAPLES, FL --(PR.com)-- Tim Ryan (top right photo) is a Realtor in Naples, FL. The opinions below are are Tim's and all statistics are taken from the NABOR (Naples Board of Realtors) chart.

Tim starts by saying, "Many people are surprised to come to Naples and discover that this is not a ghost town. Interestingly enough, there is some really positive data pointing to a market stabilization and recovery (click here for key statistics for NABOR).

“You can see that inventory is at five year lows and dropping. The average DOM days on market) has come down when comparing to the 1st QTR 2010 (NABOR).

“When comparing the 12 month period that ended 3/31/2011 vs the 12 month period prior to it, there are some fundamental differences. You see that sales increased by over 2%, 7898 vs 7732 (NABOR).

“ It was wonderful to see this kind of growth. When you measure the small increase in sales against the shrinking inventory the statistic becomes more convincing. Note that during these same comparable periods (using that last QTR for comparison) the average inventory dropped from 9411 to 8620, a drop of over 8% (NABOR)."

Tim Ryan with Amerivest Realty says, "So, where is this negative perception coming from? It is true that nationally things are still bad. However, Naples was one of the first regions to have falling prices and it appears that Naples is coming out of it a bit earlier as a result. After all, there is still a clear path of new people moving to SW Florida."

Tim continues, "Remember the old adage of supply vs demand? As we continue to see key statistics trend towards the positive, perceptions will quickly start to change.

"If you are on the fence about buying Naples real estate... you may want to get off," says Tim.

Contact Information: Amerivest Realty, Tim Ryan, 239-963-4070

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