Wednesday, May 2, 2007
Well the good news to report is sales for 2007 are equal to all sales in 2006 in The Shores.
With 2 sales closing last month we are at a total of 7 sold for the year.
Today I attended an appraisal class and we were informed houses in most of the Naples area are selling at the same level as like homes sold for in the first quarter on 2005, the main problem we have is an over supply of homes on the market and until homes for sale equals homes sold in the previous year it will keep our home prices down.
At the moment there are 26 homes listed on the Naples MLS in The Shores that does not include homes for sale by owner, this results in a 3 to 4 year supply.