March 8, 2011
This time of year, home buyers flock to Naples, Florida from around the world to buy real estate and enjoy the average daily temps of 75 degrees Fahrenheit.
With over 2,300 property sales in the Naples area year-to-date, real estate sales appear to be on par with last year at this time. Eighty-three luxury homes over $1 million have sold so far. At the top of the market, a home on the waterfront in Port Royal at 859 Nelsons Walk, Naples FL 34102, with 7,500 square feet of living area sold for $12,500,000 on February 11th.
So, who’s buying Naples real estate these days?
The majority of Naples home buyers remain 2nd, or even 3rd, home buyers. They tend to use their Naples residence seasonally during the months of November through April.
Retirees make up the second largest class of property buyers in Naples. Today, this category of buyer often overlaps into the 2nd home buyer group. Buyers on the verge of retirement are often buying their retirement dream home early when they see the incredible values available now. In a few years, their dream home may be out of reach.
Many foreign real estate buyers are also taking advantage of lower property values in Naples. Canadian home buyers remain the top purchasers in the foreign buyer category with Europeans close behind.