The Naples Season is Over or Is It?
For years, the Naples real estate market has been considered extremely seasonal. As long as the snowbirds were in town during the winter months, that was the time to buy and sell. We even had a real estate agent who worked six months here in Naples and six months up north. They were able to do it because literally, nothing happened around here during the summer.
But things have changed.
Snowbirds Buy Year Round
We no longer have just the snowbirds coming to Naples. Tourists, people who want to live in one of the best areas in Florida, those transferring with their company -- a lot of people have plenty of reasons to move to our area. Even with the snowbirds, those who didn’t buy while they were in town during the winter continue to monitor the real estate market remotely. Once the perfect home hits the market, they buy sight unseen with the help of video and technology or they fly in to take a look and make an offer.
Even though they won’t use a property during the summer months, buying now allows them to get their new place ready. It’s a great time to remodel especially since some communities don’t allow rehab work in season. They can get it furnished just the way they want and make sure it’s ready for them to enjoy during the winter.
Many snowbirds have homes to sell up north before they can buy in Naples. Up north, the spring and summer real estate market is just beginning to get into a full swing. As soon as that home sells, they’ll make their way down here to buy, because not every snowbird is seasonal. Many people retire here, and these buyers will be down here as soon as they can get here.
Locals Buy During the Summer Months
Though the snowbirds get our attention, as they leave, our local real estate market takes off. Buying and selling in the spring and summer remains a good time, especially for families who want to move while the kids are out of school. Just like everything else, the locals know that once the snowbirds go home and the traffic clears up (at least a little), it’s time to start shopping around.
Don’t forget renters who are ready to buy. Many leases expire during the summer, and tenants decide to buy instead of renewing their lease. All this happens out of “season,” and all at the same time. It makes for a busy time in real estate, and a great time to put your home on the market or look for a new home.
Bottom line, the Naples real estate market is seasonal -- winter month purchases and summer month purchases. Truly, there is no bad time to buy or sell in Naples. At any given time, someone is ready to buy a home and move to our area. And why shouldn’t they? We’ve got great weather, beautiful neighborhoods, and the best of Florida in our own backyard.
Are you ready to put your home on the market for a summertime buyer? Let’s talk.