October 2020 - Naples, Florida Market Update

NAPLES, FLORIDA – AN AWARD-WINNING DESTINATION

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

Best September on Record for Naples Housing Market

Performance in several key areas was at a 20-year high compared to activity reported during any other September on record. Historically, Real estate performs well under both the Republican and Democrat parties, after all, everyone needs a place to live!

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.

Mortgage Rates Hit Record Low—Again

The 30-year fixed-rate mortgage hit its 11th record of the year this week, averaging 2.80%—the lowest rate ever recorded by Freddie Mac.

A 1% reduction means your monthly principle and interest payment is approximately $317 lower for each $100,000 financed, making it a very affordable time to buy.