The Best Time to Buy or Sell Real Estate in Naples, Florida

In 2007, Real Estate experts publically remarked on the decline of the real estate market. It was believed that Florida has an untouchable real estate market that would survive during times when markets in the rest of the United States faltered and weakened. Unfortunately, this was not the case. In 2007, 2008 and now in 2009, both buyers and sellers experience hardship in Florida's previously booming real estate market. New construction and home sales slowed to a disastrous pace. Florida's consistencies that were true before the onset of hardship can still be identified and both buyers and sellers can benefit. Places in Florida that have the greatest patterns and consistencies are popular vacation areas that visitors are encouraged to transform into their new permanent addresses. One of these places is Naples, Florida.

The City of Naples experiences hundreds of thousands of visitors every year during the winter months. This Collier County metropolis has beautiful beachfronts, ample shopping, prosperous industry, and is a pivotal location to traveling to Marco Island, Sanibel Island, Fort Myers, and across the Everglades to Miami, Fort Lauderdale and Palm Beach. Visitors who stay in Naples or wander experience the best of Florida wherever they go.

Real Estate owners wishing to sell property will achieve greater success from November through March. At this time, the tourist season is at its peak, the weather is pristine, and visitors are swept up in the romantic vision of paradise from their vacation rental properties. Even properties that are not on a beachfront or canal, called "dry lots", will succeed in a sale if the home is decorated to appeal to Florida's more recognizable tokens, such as palm trees, seashells, dolphins, and manatees. Buyers who are upgrading their tourist status for a permanent residence will be attracted to decorations that compliment their ongoing positive vacation experience. While Naples is a successful city that is busy year-round, visitors will see an incredibly successful economy in Naples and the surrounding areas because of the tourist season. This creates a sense of stability that the way-of-life will not disappear overnight. Buyers in the tourist demographic will likely agree to a higher sale price because they are psychologically including all the elements that Naples, Florida has that is not available in their home city.

Real Estate buyers wishing to purchase the most property at the greatest cost will find the best deals during the summer months, respectively June through September. The tourists have gone home and sellers are compromised by paying a mortgage on a property that isn't moving. The weather is often raining and very heated which is not conducive to permanent Florida residence buyers wanting to be outside traveling from neighborhood to neighborhood looking at homes. The rainy weather also reminds buyers about hurricanes and they are hesitate to purchase a property that could be damaged by a storm in the following months, especially if they currently own and have their own property to consider repairing and selling during the summer months. With fewer buyers in the market, the more sellers become desperate and the more prices become negotiable. Permanent Florida residents with school-aged children will find that a summer transition is easier on the family while school is out of session, adding another benefit to purchasing during this time.

The Real Estate market has suffered a hard blow in all areas of the United States but buyers and sellers can both still benefit from purchasing and selling real estate in Naples, Florida if they pay close attention to the seasons and how they could benefit from the patterns that may have tempered with the economy's down-turn but have not changed.

To learn more about what Naples, Florida has to offer, visit The Greater Naples Chamber of Commerce.

To read more about the real estate market down-turn in 2007, read The Real Estate Depression of 2007 by Alex S. Gabor.