December 2020 – Naples, Florida Market Update

What a year it has been! In spite of the doom and gloom surrounding 2020, the real estate market has thrived in the midst of all the challenges, especially in Naples, Florida, where the average year round temperature is 75 degrees and the lifestyle perks and generous tax advantages continue to attract new residents at higher growth rates than most other states.

If you are thinking of selling, it’s a great time to list your home or condo. As you can see from the chart above, inventory is low, closed sales and median prices are up, pending sales are skyrocketing (under contract, but not closed) and and average days on market is 3 months.

Contact me for a complimentary home evaluation, I can help you to improve your offers.

Thinking of Moving or Investing in a Vacation Property? With prices ranging from below $100,000 to over $65,000,000 (and everything in-between), Naples offers something for everyone. Put my 3 decades of local knowledge to work for you, contact me for a list of the best properties for your needs, tailored to your criteria and budget, or click here to shop for properties by map, community, or lifestyle on my website: janinemonfort.com

The 30-year fixed-rate mortgage remains near record lows this week, averaging 2.67%. This means for each $100,000 financed, the Principle and Interest payment is $404, making owning a home more affordable for everyone. Contact me for more detailed information.