Fluctuating home prices in Naples, Florida: What causes this?

Home values are forever in flux. House values appreciate in the long term for the most part. But, in real estate there is always a certain amount of risk.

When your property appreciates you have a more valuable asset to borrow against, and you'll create a greater profit when you sell. There is a variety of reasons why property values in Naples change. So, how do you know what you're buying now will appreciate over time? The most important thing to consider is that you choose an agent in Naples who recognizes the factors that affect local prices.

Many are convinced that the economy is the biggest factor impacting real estate appreciation. It goes without saying that there are some issues on a national level that impact your property's value: unemployment, interest rates, consumer confidence, and more. However, your property's value and the components that play the most significant role in its appreciation depend on the local Naples economy and housing market.

Let Metro Properties help you with your first home purchase in Naples Location in a community - Convenient access to schools, jobs and amenities like shopping, restaurants and entertainment is a priority to a lot of families and will greatly influence home values. So these communities usually appreciate, or keep their value consistently, year to year.

Real estate sales trends - How long do homes typically stay up for sale before closing? What was the final sales amount compared to the asking price? Some information can be obtained from public records, but a good agent with a login to the local MLS will usually be able to provide a more complete picture.

The appreciation history - Is the neighborhood thought to be desirable because of its location or affordability? Have home prices gone up or down over the past 5 to 10 years?

Economic factors - Have companies moved into or away from an area? Are local businesses hiring? Is there a nice combination of work in an area, or does it depend on just one industry? These items play a role.

It's smart to understand the factors that influence your property's market price. Visit this link for an assessment of your home's value. Have any questions? Please feel free to call me at 800-252-6633 or e-mail me.

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