Naples, Marco Island Real Estate Market Performed Well in 2016 Per Annual Reports
Another Custom Home by Nova Homes of South Florida Under Construction
Naples, Fla. (January 20, 2017) – Broker analysts who analyzed the Annual, 4th Quarter and December 2016 Market Reports released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island) concluded that the local real estate market performed well in 2016 despite several unpredictable market influencers that impacted the housing market such as the February stock market slump, a low Canadian exchange rate, Brexit and Zika fears, and the presidential election. Brokers agree that factors appear to be in place for a good market in 2017. “The 2016 year-end report indicated that we started the year with an inventory shortage but ended at a level that positions us to see sales escalate in 2017,” said Bill Poteet, owner and broker at Poteet Properties. Overall inventory increased 34 percent to 5,946 homes in year ending 2016 from 4,426 homes in year ending 2015. The Naples Beach area experienced the highest number of new listings with 437 homes added to its inventory during 2016. However, and according to the Report, the Naples Beach area also saw the largest decrease in overall closed sales during 2016 of all other geographic areas reported.
Overall closed sales in this highly desired location decreased 21 percent to 1,525 homes in year ending 2016 from 1,922 homes in year ending 2015.
Nova Homes of South Florida celebrated a successful year in 2016 and is looking for a record-breaking year in 2017. Each home is customized to fit the lifestyle of the homeowner's needs and wants. Nova Homes offers 16 home designs that can all be customized, customers can bring in their own design, or Nova will design a home from scratch. For more information please all 239.307.6116 or visit www.novahomesbuilder.com