their lowest levels in almost a decade
Naples, FL (Vocus) June 19, 2010
Last month Naples developer Phil McCabe was quoted as saying that real estate new construction and sales in downtown, connected Olde Naples were “amazing” and “defies the recession”. A recent article in Fort Myers, Florida’s News-Press states that despite home prices in up-scale but isolated Sanibel and Captiva Islands being “their lowest levels in almost a decade”, the Islands are seeing fewer sales. Pre-order sales of the new iPhone 4, with it’s video calling feature Face Talk, crashes Apple’s website with unprecedented pre-order activity and the iPhone 4 is sold out within hours of it’s pre-order introduction - smashing all sales records to date. Some believe that this is antidotal evidence of powerful long-term trends that will permeate every aspect of society for the foreseeable future.
Luxury Lifestyle Homes of Southwest Florida (http://www.LuxuryLifeStyleHomes.com) founder, real estate broker Robin Speronis speculates “Uncertainty drives us to learn more intellectually and connect more to one another. For those who can live anywhere, living in up-scale connected neighborhoods gives a value and meaning to life and makes one feel less venerable.” Speronis goes on to state that, “This is a trend that is as compelling as that of the trends baby boomers have had on markets for over the past 60 years.”
The BP oil spill is expected to stall sales and depress real estate values in all areas of Southwest Florida at least short term while buyers remain on the sidelines. However, when buyers come back into the market, expect the high-end, connected neighborhoods in Southwest Florida to be red hot with their new bargain low prices.
For more information and to chat with broker Robin Speronis please visit http://www.LuxuryLifeStyleHomes.com
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