Are you planning to buy a house in Naples? If so, you should know the pros and cons of living in the city. And since buying a home is a significant investment, you must know the real estate market situation very well too. Â
Naples is one of the most affluent cities in the US, and its property values are likely to rise in the future. So, whether you’re buying a house for your family or renting, it’s the right move. Read on to learn why.
Market Overview
Naples, FL, has great residential locations with beautiful weather, an upscale lifestyle, and a strong economy. Investing in Naples’ real estate is a great option for those looking to make capital gains in the long term.
Market Statistics
Have a look at some key real estate trends and statistics in Naples:
- The median value of homes in Naples is around $440,000, that rise more than 7% a year
- There are more than 2000 listings in the city
- The DOM or days on the market for homes in the city is 92 days. In other words, with 92 days of listings, a home is sold on the market.
What factors to consider before purchasing a home in Naples
Location
When you’re investing in residential property, choose a property that’s located in a growing area. Since Naples is constantly expanding, almost any location in the city offers you great potential with ever-increasing home values.
Rental market
If you’re looking for a home to rent out, you’d be happy to know Naples’ rental market is booming. Moreover, housing is always in demand, with many people moving into the city searching for jobs. So if you want to buy a home to generate a passive income, Naples is a great option.
Buy a home in Naples, FL
If you want to buy a house in Naples, FL, our team of expert real estate agents at Southwest Florida R.E. Group can help you find the best deals. With a combined experience of more than 30 years, we have unmatched market knowledge to help you make the best decision for your future self.
Contact us today to learn more about our real estate services in Southwest Florida.