Naples Sales Up
Posted by Mark Washburn on Saturday, September 13, 2008 at 12:48 PM
By Mark Washburn / September 13, 2008
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Reports like this reinforce the fact that Southwest Florida has suddenly become quite affordable again. Many projects are now selling for less than replacement cost. Prices should remain below replacement levels until the investor fueled speculative inventory is worked through. This low-end inventory overhang is helping to compress luxury home prices as well, even though this sector was much less investor impacted.
Sales increase again for Naples real estate [Naples Daily News]
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