Location and value. Those are the two primary considerations I hear most frequently when someone is thinking about purchasing a vacation, second or retirement home. For Southwest Florida and Marco Island/Naples in particular, this location delivers on an unbeatable combination of complete relaxation and quality of life. You will be hard pressed to find a better location anywhere in the world for these two factors.
The fundamental elements of value are driven by quality and costs. The quality of product remains very high for someone looking to purchase in this market. Costs are low relative to the last ten years and affordability for this market is in a terrific condition due to the combination of low purchase prices and mortgage interest rates. We also see that inventory of available properties has been declining versus prior year.
Which brings us to timing. Yes prices in any real estate market do go up and down. Also real estate is a local business driven by conditions in a specific market at a specific time. That's why it is so important to work with a high quality professional Realtor who knows that market. If you are thinking about purchasing a vacation, second or retirement home on Marco Island or in Naples, now is an excellent time to give this serious consideration. Declining inventories mean selection and variety are going down, competition is heating up and prices are beginning to trend upwards. Considering a purchase in today's market can potentially save a buyer a significant amount of money versus future changes in value conditions. Now is a a great time to seriously consider buying a vacation, second or retirement home on Marco Island or in Naples Florida.
The benefit is you don't have to wait to begin enjoying the complete relaxation and quality of life this area offers!Labels: Marco Island, Naples, real estate, Southwest Florida
