My new resolution is to try and keep this more updated. Since 2008 the Real Estate market in Royal Harbor has dropped, dropped and dropped in value. A look at a graph of values in the Naples area will show a bell curve. In 2000 and 2001 prices were about where they are now. The in between years shows a steady rise until 2006 and 2007 when prices began to fall and now here we are back at the level we were in 10 years ago. So is this the low?
No one can forsee the future but look at the signs. 12 new housing starts inRoyal Harbor right now. (some are complete make-overs but still will result in a new home) the number of homes for sale has gone from the upper 60's (68 to 69) last year to now in mid 40's. So supply is slowly getting back to balance. With 415 homes in here, 40 some on the market should be close to a correct number.
So why are we here? Is it forclosurers, short sales or just -lower prices? Well, all 3. The few forcosures and short sales helped drive prices down but the real drive to lower prices was the market at work. Buyers refused to buy at the higher levels. As prices dropped more and more people were willing to jump in and buy. The low end is now in the 600,000,s (an exception may be a really poor lot or torn up home) and the upper is is ????. Most of the upper end has sold in the 2.5 million range. Still there are a few holding out for 3 million or more.
I have several listings in the area and I am really busy with showings and offers. I have 2 pending and several I think are going to go to contract in the next few weeks.
This is an overview. If you are reading this and want up to date information on a specific price range in here then email me. trforshier@premiereplusrealty.com

If you are looking for a condo with access to waterfront that is a different market. More on that later this week.