Naples home prices: Need some help understanding why they appreciate?

Property prices are continually changing. Home values appreciate in the long term typically. But, of course, in real estate there are no "sure things".

When your house appreciates you have a more valuable asset to borrow against, and you'll create a better profit when you sell. There is a variety of reasons why property values in Naples fluctuate. So, how do you know what you're investing in this year will appreciate over time? Choosing a REALTOR® in Naples who recognizes the factors that drive local prices is the most important factor.

A lot of people assume that the economy is the biggest factor affecting real estate appreciation. Clearly, there are a lot of factors on a national level that adjust your house's value: unemployment, interest rates, quarterly earnings reports, and more. But the most significant things that figure your property's value are specific to the local Naples economy and residential market.

Let Metro Properties help you with your first home purchase in Naples Location in a community - Proximity to schools, jobs, and amenities also have a major influence on most home buyers' choices. So when it comes to retaining their value, these regions usually appreciate better than others.

Trends in home sales - What's the time on market? What was the final sales amount versus the listing price? Some information can be retrieved from public records, but a good agent with access to the local MLS will often provide a more complete picture.

History of appreciation - In the last 5 to 10 years, have home prices gone up or down? Does location or affordability affect how desirable the area is considered?

The local economy - Are local businesses hiring? Have businesses moved into or away from an area? Is there a good mixture of job types in an area, or does it rely on just one industry? Is the blend of commercial and residential development changing? These items play a part.

It's smart to be informed about the factors that impact your property's worth. Click here to get an assessment of your property's value. Call me at 866-300-1550 or e-mail me if you have any questions at all. I'd love to hear from you.

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