Second Quarter Housing Activity

The Naples Area Board of Realtors confirms a stable market for Naples housing based on second quarter activity.

Compared to second quarter 2013:

The overall luxury segment improved 42%  with closed sales over $2 million. Appealing inventory and confidence in the market increased the number of high end buyers.

37.5% of home sales were financed with conventional mortgages vs cash, up 10% from 2013; another indicator of a stable housing market.

The investor’s perception is that investing in real estate has a steady upside vs increasing investments in the stock market since analysts predict a major correction by the mid term election.

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sothebys

4001 Tamiami Trail North, Ste.102
Naples, Florida 34103
Phone: 239.659.0099
Cell: 239.571.5339
jutta.lopez@sothebysrealty.com www.JuttaVLopez.com