Naples Real Estate Outdoing Boston and New York
Along with Las Vegas, Phoenix and Bakersfield, Naples real estate is supplanting that of huge markets like Los Angeles, New York and Boston.
Speculators are interested in Naples real estate because there is almost no available land in “more established cities” and existing housing is already too expensive. Those afraid of housing bubbles in lager cities are also enticed by Naples real estate.
As a direct result of this interest in the Naples area and the rest of South Florida, the state is number 5 on the Office of Federal Housing Enterprise Oversight’s list of the Top 20 states in house-price gains, as of March 31. And as many real estate agents will vouch, Florida’s market strength and 21.4% price increase is reflected in the sale of Naples real estate.
Speculators are interested in Naples real estate because there is almost no available land in “more established cities” and existing housing is already too expensive. Those afraid of housing bubbles in lager cities are also enticed by Naples real estate.
As a direct result of this interest in the Naples area and the rest of South Florida, the state is number 5 on the Office of Federal Housing Enterprise Oversight’s list of the Top 20 states in house-price gains, as of March 31. And as many real estate agents will vouch, Florida’s market strength and 21.4% price increase is reflected in the sale of Naples real estate.
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