I wouldn't wait any longer. Find what you like and what you can afford and make an offer. We worked with Robert Nardi and Associates and had a great experience. Professional to the 9nth degree. I'm a realtor/broker in Wisconsin and I expect competency, punctuality, and current market knowledge and we weren't disappointed. It was a short sale that took nearly six months from offer to close, so patience and a sense of "what will be, will be" are necessary.

Naples is an area in which you can purchase properties ranging from $50,000 to $25M, so, it would be good to know what aspect of the market that you are inquiring about. Each 'market' and each area has its own unique properties; a $400,000 single family home with 2.5 acres in Golden Gate Estates is in no way comparable to a $425,000 condo on Gulf Shore Blvd. N. The 'market' in each area is different. It depends upon what your needs are and what part of the 'market' you want to know about.
It is interesting to note that statistics, while extremely 'telling' about a range of properties in a particular price range, don't take into consideration the variety of real estate that is available throughout the area known as Naples, FL. What locale and what price range are you concerned with? The question you've posed can be answered in detail with specific information about price range, locale and lifestyle elements.
Please feel free to visit our Naples Fl Real Estate website http://www.Naples4u.com or inquire with more specifics to Info@Naples4u.com
The under $300K market has been the driving force in 'the market' over the last year. It is also the market in which most of the short sale and REO properties exist. That is not to say that there aren't short sales or foreclosures in the higher brackets of the market as well, but in the under $300K market, we're going to see things continue to decline as there are so many properties for sale currently. In addition, according to one survey, if only 22% of all short sales go through, in a year, there's going to be over 1000 foreclosures. Additionally, there are many foreclosures that have not even been "discovered" and thus cannot be calculated. First, there's a judgment of "LIs Pendins," that signals a homeowner hasn't paid his mortgage and there's a claim against 'him/her." 6 That is, there are many people who are living in their homes without paying their mortgages and who are simply waiting to be foreclosed on. That process is overwhelming to the banks, and quite frankly, are not ready to deal with the number of 'distressed' homes.

Hello Kevin

I have just added a new REO (Bank Owned) webpage to my website that shows just REO homes that have been listed in our MLS. This list and the list of recent sales will give you a good idea what is going on in this market. I have also graphs showing sales for each community in this area. See links below.

See the REO list at http://www.napleshomepage.com/reo_list.htm

See the Recent Sales list at http://www.napleshomepage.com/recent_sales_menu.htm

See the Market Graphs by community list at http://www.napleshomepage.com/statistics.htm

Thanks and just call if you need an opinion,
Graham Ginsberg
Toll Free (888) 222-2575 ~ Cell (239) 404-4221 ~ Fax (239)455-6595
Website: http://www.NaplesHomePage.com
Realtor® with Sun Realty

Web Reference: http://www.NaplesHomePage.Com

Kevin, to answer your question - in my area of Naples, the Estates area , it already hit bottom and it was a very hard hit indeed,harder than anywhere else in Naples I think. For example,our home value fell in 2007/8 from $500k to $225k.However, now home prices are rising again from the ashes and the foreclosures in my area are sold or under contract immediately. I am told the foreclosures in some cases sell the day they are listed and short sales are very dificult to get.Investers are back as well buying up all of the bargain deals. I am told that banks reject most offers on foreclosures and dont even counter. Not to sound sarchastic but I think some people are coming here with unrealistic goals,smelling blood and thinking the homes are free like in Cape Coral or Lehigh but they are not this is because this is Collier County and it is safer for kids and familes. Just watch the evening news and you can see that for yourself.
Also, I think when a home that was $300,00 and is now under $89,000 and on acreage your basically getting the home for free. Builders cannot even build thier homes to code for these prices and break even,thats why they have abandoned projects and left.I know this as a contractor. I am glad to see it is getting off the ground finally and we can get a fair price on our property . Its for sale if your interested,check it out,cleanest home on the block.Lots for the $$$ Good Luck to you.

Kevin,
Don't delay start your search now while prices are down and we still have an inventory. When I find you something you are in love with and aren't exactly in love with the price tag we can make an offer. That"s how we can offset your dilemma of the bottom or not. I feel there will not be another drastic fall in home prices for what it is worth to you.
Please give me a call so I can assist you in finding the best possible deal in our area that suits you.
Vivian M Olszewski
Century 21 #1 Sunbelt Realty Inc.
My Cell anytime: 239-682-9224
email; branewday@comcast.net
Office Direct Line; 239-298-7247

it is a GREAT TIME TO RENT...!!!! Naples has great rental prices and you do not have to pay 6% to a REALTOR. Sounds like a great deal to me. Bottom will be in 2017.

Tomorrow. You dont want to miss it.

Hi Kevin,

Even the 'experts' cannot accurately predict when the market will bottom out. I can tell you from my experience, however, if you wait for the bottom, you will probably miss it.

If and when you wish to research properties in Naples, go my website and you will be able to search directly on the Naples MLS. For more specific questions, you may contact me directly.

Dennis Leffert, J.D.
Lic Real Estate Broker

Hello Kevin

I have tried on my website to provide the users a good idea of what the market is doing.

An example is the Median Sold price of homes, located at http://www.napleshomepage.com/statistics.htm or the volume of sales in each subdivision, located at http://www.napleshomepage.com/recent_sales_menu.htm

So you can tell that the trend of inland vacant lots and the trend for inland homes, is quite different. Coastal homes haven't experienced the drop as much as inland homes and definitely not as much as vacant inland lots.

My advise to you is to keep watching the graphs and volume of new properties hitting the market. I can email you links for new listings if you request it through my website.

Thanks,
Graham Ginsberg
Toll Free (888) 222-2575 ~ Cell (239) 404-4221 ~ Fax (239)455-6595
Website: http://www.NaplesHomePage.com
Realtor® with Sun Realty

Dear Kevin,

You will only know when the bottom hit AFTER it hit. In other words, after the bottom hits it will take a few month for the statistics to show it in real numbers.
All I can tell you is that you can now buy a home is Naples at a half of the price that people ware bidding for in 2006. Prices are close to the 2001 levels and bargains are to be had everywhere.
I can also tell you that as affordability increases with every 5% decrease in price a couple hundred thousand more people become potential buyers.
One other known is the interest rates, the lowest in about 26 years...no guarantee what will happen 12 month from now. Any small increase will make a big difference in monthly down payments.
If you take all this in consideration...you decide.

Best wishes,
Carmen Badan Foege
9547904301
carmen@bestbuynaples.com

Kevin,

There are several areas of Naples I work and the selection is getting slim compared to 4-6 months ago. For example I was in a community the other day and for the 2nd time showing and the clients were upset they only had 5 units to choose from when in December they had 9 units to see. It is all where you want to buy and what is going on in that area. Give me a call so we can chat about your home criteria and I will give you some back ground on what is going on.

Thanks,

Scott Riddle, (CSP) Certified Short Sale Professional
Sand Castle Realty Group
239-289-1849
239-390-0027 fax http://www.NaplesRealEstatePros.com http://www.ScottRiddle.topseller.net

Hi Kevin,

According to the National Association of REALTORS we are nearing the bottom of this market as we speak. By the most conservative estimates we should hit absolute bottom sometime this year. Probably sometime in the 4th quarter. But I would tell you that if you are prepared to purchase now, it truly is a very good time to be a buyer. Most investors will tell you that the best time to purchase is just before the market bottoms out (as it is today) and the best time to sell is just before the peak. These are the times when we see less competition and greater return for our investment. And please consider that even if your market does fall another few percentage points, if interest rates climb even marginally you will have lost any gain you could have hoped to receive by delaying your purchase.

Happy home hunting
Frank Spencer

Dear Kevin,

I have a crystal ball paper weight that I have had on my desk for the last 20 years and it is always cloudy. I just finished writing a blog entry on this at http://www.NaplesWave.com/NaplesBlog and entering the market statistics for January 2009. While there is still a 26 month inventory in the overall market, the highest percentage of pending and closed sales in both condos and single family homes are in the under $300,000.00 market. If you are in that price range, you may want to rethink waiting to buy. Interest rates are great at present!

Lynn Wilber
Broker - Associate
Downing Frye Realty, Inc.
http://www.NaplesWave.com
http://www.realtown.com/Lynngri/Blog