Naples Homes by Rich

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 to last month's data, I ran across a great article about the wide variances in real estate markets around the country. For example, two houses went on the market for similar prices at about the same time earlier this year. One got 25 offers. The other got none.  There are many variables that determine demand, f... read more
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Rich's Market Report: Are You Superstitious?

Posted by Rich Townsend on February 24, 2025 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! Are you superstitious? For some reason, the number 13 seems to show up a lot in the latest local real estate figures according to a recent article in the Naples Daily News.  Is it good? Is it bad? Here's a couple high points from the article. At the end of January, there were 3,189 single family homes and 3,898 condos for s... read more
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Rich's Market Report: More Inventory But Prices Steady

Posted by Rich Townsend on January 30, 2025 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!Before we get to last month's data, here is a story regarding residential new construction in SWFL. Southwest Florida has hit its lowest point in new construction since the start of the decade, according to the FGCU stats, with a couple of exceptions: The months right after Hurricane Ian's destruction and the start of the pandemic ... read more
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Rich's Market Report: Naples Rated #1 City in US!

Posted by Rich Townsend on January 07, 2025 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! Happy New Year and welcome back to our snowbirds.  We can tell you are back as we see the car carriers unloading your autos and the increased hustle bustle within the community.  I, for one, am happy to say farewell to 2024.  With two hurricanes within 13 days and a polarizing election, I'm ready to turn the page! In... read more
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Rich's Market Report: Annual Sales Lowest In 29 Years??

Posted by Rich Townsend on January 07, 2025 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! In case you did not know, real estate sales activity has been slow.  Since the Covid peak in 2021, there has been a downturn in showings and sales for about 2 years now.  Last year (2023) actually held the distinction of the lowest annual sales since 1995!  That was until this year.  Annual real estate sa... read more
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