Bloomberg Says Naples Takes Top Spot

It is known that for countless years, oil towns were topping the charts as the fastest -growing economies in America. However; there is a new contender that is fast approaching to steal this title: Retirement communities in Florida. The baby boomers who have worked hard their whole lives are looking to finally enjoy the fruits of their hard work. Naples  grabbed the top spot on the list of metropolitan areas that will be seeing the greatest economic growth in 2016.So why hold off to moving to paradise any longer? Let me help you uncover your retirement dream home. In Naples the summer months are considered a period of transition; which makes for the perfect time to seek out a new residence and transition to a more relaxing lifestyle. Seasonal residents are flying back North and Neapolitans are anxiously awaiting the arrival of the summer visitors. Despite this transition, activity in May for houses within the $300,000 to $500,000 price range was BOOMING! According to the Naples Area Board of REALTORS, last year at this time there were a total of 181 homes sold that fell within this price point. This May, there was an incredible 236 homes sold. It has not just been properties in this price point where sales have increased; the overall closed price for homes $2 million and above also increased by 11%. There are properties in Naples to fit the desire of any individual at various price points. The area east of Collier Boulevard, is expected to undergo tremendous growth over the next 20+ years. Keep your eyes open for the development in this area. Due to large lots and the affordable price range, it may be the perfect place for your next home.

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