Near the worst housing market in America, real estate experts in Florida see the signs of life

Only one hour On the Gulf coast in FloridaCape Coral was described as “the worst housing market in America” ​​- a place in which nearly 8 % of home owners are condemned more than their property.

But in the nearby Napoli, mediators sell up to $ 70 million, and developers offer $ 35 million on the beach, withdrawing billionaires from New York to California. Local real estate leaders say that the division does not reveal a collapse, but it “rebalancing” in the market, and proving that Napoli has strengthened its place at the world’s luxurious stage.

“If it is one word, I would like to say balance,” said the CEO of the International Prime Minister of the Fox News Digital. “In the past four months, we have seen waiting for sales to increase as far as it was last year.”

“Although (the market) deviates and flows throughout the year, we are very confident that we will get an amazing season this year, not only in Naples, but through our platform,” said Ed John, Vice President of Coulter in Urban.

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At the end of June, he is called the Wall Street Journal named Cape Coral The worst housing market in America. They stated that 8 % of home owners were underwater – more than anywhere in the country – and that the prices of homes have decreased for 12 months from the past 13 months.

This constitutes a flagrant contradiction with what the region witnessed during the early years of the epidemic, when the average price of the house increased by 75 % to 419,000 dollars.

“We all saw this article, and we were scratching our heads a little, and we thought it was a little interesting,” said Hoski, who lives in Naples. “It was definitely very incomplete regarding the overall picture.”

“From Naples, Cape Coral, Fort Meers … What I found is that housing values ​​increased by almost 75 % … So what happened was, when there was a lot A decrease in the total prices In the market, “Hasky explained as well.

“Often in different markets … they can fluctuate up and down with the changes in the market. You can try things like that where people can go down upside down because the values ​​of the house will fluctuate a little more. “

Napoli is currently enjoying an average house price of nearly twice the price of $ 343,431 from Cape Coral, according to Zillow data. For Napoli waterfront properties, Hoski says buyers will pay anywhere from 5 million dollars to 10 million dollars.

Kolter Urban is also betting on the Napoli market, with its homes in Olana currently being constructed. The exclusive boutique consisting of 12 high units is characterized by a special chef, bitrler, Somalene, and even a dog’s infantry, and is expected to bring multiple sales of eight numbers.

“The truth is that the distance between them within an hour, but it is radically different in terms of the profile of the buyer and the public in general.” “It is comparable in terms of the general lifestyle presented, it only appeals to a different audience, and with complete frankness, different price points and total wealth levels.”

“The biggest thing we want our buyers to rest (is) … they really love the lock style and the man offered by the living apartment … especially in Uday, this is a type of specialized market because it is only 12 housing,” Jean pointed out. “The Napoli market, in the past, was short. What we see now is that many buyers are not just a secondary residential owner. They have become essential, for tax reasons, (and) they come to their property in their season outside the season.”

“There is a reason why Napoli is constantly classified between the best destinations … still feel like a small city, however, it contains everything that anyone wants.” “It is a somewhat relaxed pace here. It is a wealth less than its value. It is not a flash … we even withdraw more people now from destinations like Texas and California.”

Throughout the state of Florida, the risks are still present as hurricanes and insurance costs are on the horizon. Last year, homeowners in South Florida witnessed an additional $ 500 per month in insurance costs The National Association of Real Estate Justice.

But Huskey and Jahn are sure of the market’s ability to adapt.

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Jean said: “Everything is lying in comfort … buyers today are more educated … You must be ready for all answers.” “Many people are concerned about the economy, but we are watching it closely.”

Hoski said: “A new product is built largely raised, hardship … but with this transformation it comes additional expenses,” Hoski said. “(Societies) will draw this individual high wealth … so we are incredibly optimistic about the long -term gravity of our markets throughout the southwest Florida.”

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