November 2020 – Naples, Florida Market Update

The Naples real estate market continues to see strong demand in both the single family and condominium markets. Buyers are getting a jump on the winter seasonal market as shown by the reduced inventory, increase in multiple bids and the jump in closed sales. Closed sales activity for the overall market increased 65.2 percent over October 2019.

If you are thinking of selling, it’s a great time to list your home or condo. Inventory is down and median closed price is up. As people evaluate their lives, many are up-sizing, down-sizing and relocating, many to friendly, low population density Naples!

Contact me to find out what your home is worth, you may be pleasantly surprised.

Thinking of Moving or Investing in a Vacation Property? With prices ranging from below $100,000 to over $40,000,000 (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 2.93%. This means for each $100,000 financed, the Principle and Interest payment is $417, making owning a home more affordable for everyone. Does anyone remember the 17% rates in the 1980’s? The same $100,000 had a whopping Principle and Interest payment of $1425! I remember well, because, I financed a home at that time.