Naples Homes by Rich

Rich's Market Report: Soft Summer for Home Sales...

Posted by Rich Townsend on August 30, 2024 in  uncategorized
Greetings and welcome to this month's Market Report!  I hope all is well with you and thanks again for your referrals.  It's the highest compliment I can receive! Round and round we go!  For this Midwest born lake boy, Labor Day weekend was always bittersweet.  It meant saying goodbye to summer boating and the harsh reality that it would be a long and cold 8 months before those balmy days would return.  At some point in my early twenties, the sheer math became undeniable to me.  Out o... read more
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Greetings and welcome to this month's Market Report!  I hope all is well with you and thanks again for your referrals.  It's the highest compliment I can receive! Before we get into the report, Happy Birthday to our wonderful country! With all our flaws and foibles, we are still so blessed to live here in our republic.  My family will be avoiding the Rubik's Cube challenge of weaving our way to the Naples Pier for the fireworks!  Turns out we can sit in the front yard right by ou... read more
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Greetings and welcome to this month's Market Report!  I hope all is well with you and thanks again for your referrals.  It's the highest compliment I can receive! Before we get into the report, did you hear the news? We all know Neapolitans believe Naples is an "awesome place to live", and U.S. News & World Report agrees. Naples ranks No. 1 in its annual Best Places to Live in the U.S., the only Florida city to make the top 10. The Southwest Florida city often ranks high on various "b... read more
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Greetings and welcome to this month's Market Report!  I hope all is well with you and thanks again for your referrals.  It's the highest compliment I can receive! It's that time of the year when the traffic starts to die down a bit and the pace slows down.  For those who are snowbirds and just headed north, have a great summer.  For those of you still residing in the north, here come the days you look forward to all year long. Born and raised on... read more
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      We all know that statistics can be deceiving and boy can that be true with our current real estate market.  Stats quickly scanned below would leave one thinking the market has shifted dramatically and there is a fire sale about to occur.  I mean seeing overall closed sales are down 14% and total inventory up a whopping 59% MUST MEAN that we are in a down turn, right?  Hold your horses Cowboy! Remember the stats reflect data from February 2024, compared to February 2023.&n... read more
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