Naples Condo Inventory
Low as Season Approaches
Just like the title says, this season is starting off with a low condominium inventory. That doesn’t apply to houses though, as there are many to choose from in the area. According to the Naples Area Board of Realtors, the single-family home inventory grew 4% while the condo inventory shrank 7% compared to the same time last year. So what gives?
The inventory of condos is declining most in the areas of Naples Beach and North Naples. It’s hard to say why exactly this is happening. Perhaps those looking to move to the area preferred condos over single-family homes due to location (many just steps from the beach) and access to certain amenities. There is no specific answer to address this but it is an interesting development for the area.
The Naples Daily News has a great article on this written by Laura Layden, I suggest giving it a read.