The growth of the once sleepy little town of Naples, Florida has branded it the reputation of "The Palm Beach of Florida's West Coast." It's known for its luxury and elegance, offering such famous shopping stables that include:
• Fifth Avenue South
• The Village on Venetian Bay
• Third Street South
• Coastland Center
• The Waterside Shops
• The Village on Venetian Bay
• Third Street South
• Coastland Center
• The Waterside Shops
Naples showcases the finest in just about everything in several cultural categories, including The Philharmonic Center for the Arts, numerous restaurants, museums and art galleries, a litany of world-class golf courses, fresh and salt water sports, boating, tennis, the finest healthcare facilities and, of course, some of the best white sand beaches all of Florida has to offer.
Though Naples real estate prices have softened since the 2008 crisis that has had disastrous effects on the real estate market, prices across the board are very low in general. In 2005, a home in Naples valued at $500,000 was probably valued at $280,000 in 2010. However, in 2012, very positive signs have been gradually peaking through the black clouds looming over the housing market, even from years before 2012.
According to the Naples Area Board of Realtors, by the end of 2011, both pending sales and closed sales increased ten percent. Inventory decreased by nineteen percent. With inventory down, buyers are entering into bidding wars on bank foreclosure deals. New construction is also on the rise. Real estate development projects that were once on hold are actively under construction in places such as:
• Riverstone
• Lely Resort
• Estuary at Grey Oaks
• Lely Resort
• Estuary at Grey Oaks
New single and multi-family homes, condos and communities are popping up with styles that range from Old Southwest Florida to Mediterranean, which include such amenities as pools, tennis courts and fitness centers to make them more attractive to investors. This influx of new development and supply and demand is gradually moving prices up, slowly but surely. Indecisive and hesitant buyers, trying to predict the bottom of the Naples market, are missing golden opportunities to secure the "perfect" property at the "perfect" price. As the saying goes in this case; "you snooze, you lose."
Developers are also capitalizing on spectacular views with both waterfront and skyward properties, such as ultra contemporary towers at Cape Marco and Pelican Bay. Naples also continues its good reputation as the premiere golfing location in the country, with pristine sculpted championship courses that continue to dazzle golf-lovers, such as:
• Eagle Creek
• Lely Resort
• Grey Oaks
• Collier Reserve
• Wilderness Country Club
• Lely Resort
• Grey Oaks
• Collier Reserve
• Wilderness Country Club
Consistently ranked as one of the top luxury areas in the country by prestigious magazines and newsletters, a gradual rebounding market, coupled with resident-friendly tax policies and competitive lease incentives all account for the recent surge in growth in Naples.
In a nutshell, Naples, Florida is not only a location that is a great place to visit and live, but a great place to settle-in as the real estate market makes its slow rebound to an eventual recovery. Keeping a balance between controlled growth and a cherished natural environment are issues that the community consensus revolves around, which adheres to the need of its residents and returning visitors.
Article Source: http://EzineArticles.com/?expert=James_A_Crown
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