In a recent article posted by MSNBC, they talk about different parts of the nation and how they have been affected by the recession. In addition, they go on to talk about the current status of markets throughout the US. Naples was mentioned and they had good things to say about the prices and current condition.
The housing recovery is uneven, just like the economic recovery. The data for the nation overall has shown prices are inching higher, even though many parts of the country haven’t hit bottom yet. After steep declines from the housing bust, prices nationally are leveling off. The median price for existing homes sold in June was $183,700 which is up 1% from a year ago. Home prices in metro markets in Florida, Arizona, and Nevada have taken big hits and some of those hard-hit markets may have hit bottom. Prices have begun rising modestly in Florida markets like Naples, Punta Gorda, Ft. Lauderdale, and Melbourne.
We’ve started to see Naples mentioned in more articles on a national level recently, and they have had great things to say about the state of the housing market here. Here is a map showing housing markets in recovery and those still in decline. It shows Naples and Marco Island as up 2.1% on the rebound. MSNBC recovery map