I am local agent and there are definitely some encouraging signs pointing to a recovery. I know we have all been so patient and were just really waiting for the market to STOP going down. It seems like we are finally there. Prices have been relatively stable now for nearly two years. The total number of closed sales in Naples is the highest it has been in over 5 years:
2010 - 7158
2009 - 7130
2008 - 4764
2007 - 3911
2006 - 4517
My source is Sunshine MLS.
So, the question is what does everyone expect for the Naples real estate market in 2011?
Tim Ryan - Amerivest Realty