Park Shore Naples, Florida Real Estate Forecast 2019-2020
Welcome to the tenth edition of my series, The 2019-2020 Naples Real Estate Forecast. I’ll be talking about the Park Shore Naples, Florida real estate forecast for 2019-2020 and what it means to you. If you’re thinking about buying or selling Park Shore real estate this year, you don’t want to miss it.
In This Post
• Current Park Shore inventory levels
• Projected inventory levels
• Comparison of last year’s inventory report
• Cracks in the ice
• Park Shore New Construction Update
• What sellers can expect
• What buyers can expect
Park Shore Inventory
- Current – 6 months
- Projected – 9 months
- Last August report – 6 months
Park Shore Fast Facts
- Average discount rate unchanged from last year – 94%
- Sold price per foot up 10% compared to last year.
- List price per foot up 4% compared to what sold during the past year.
Cracks In The Ice
- Market time up 12% compared to what sold during the past year.
- 69 Park Shore properties are expected to re-enter the market.
- The average list price per foot is 644 but the average pending is only 518/foot.
- 32% of the active market has dropped their price down to attract a buyer this year.
Park Shore New Construction Update
- 9 Active
- 1 Pending
- 5 Sold during the past year
There are 21 months of Park Shore new construction inventory as investors and builders position pricing to cause buyers to pull the trigger. The average list per foot price on active properties is now under the average of those 5 that sold over the course of the last year.
New construction in Park Shore took a pretty big dump as sales volume declines 59% compared to the year before. That is causing a handful of lots to re-enter the market as builders and investors say, “I’m gonna take a pass right now.” If this trend continues it could mean great news for those of you who have been wanting a well-priced lot to build your own home.
Selling in Park Shore?
It’s going to be a little tougher for you as inventories rise and sellers become more aggressive for the sale with increasing price reductions. If you are more than casually interested in selling your property, it’s time to compete!
Do you know the number one reason why over 30% of the properties in Park Shore are being discounted and are taking on average over 200 days to sell?
They look like crap in photos. If you don’t believe me, take a short scroll through the Park Shore listings! It’s NOT the seller’s fault. It’s the agent’s fault. There are too many tools for agents to showcase your Park Shore home or condo regardless of its condition yet an overwhelming majority of Park Shore agents don’t know how to do it!
My photography is the number 1 reason why I sold a high-rise unit in Pelican Bay earlier this year in 70 days of market time. My competitor had it for 579 days without a successful sale!
You owe it to yourself to give me a call and see for yourself what I can do with your property and how I procured the buyer for the most expensive sale in Park Shore this year. I can show you my proven results in 15 minutes or less!
Buying in Park Shore?
More New and Old Choices
Hover Affect In Full Force
Luxury Park Shore High Rises
Shannon Lefevre, PA
Your Naples Smart Girl!
P.S. Have you subscribed to my site for important season announcements? You should do that! Don’t forget to sign up for new listings and price reduction alerts for Park Shore!