Price it right

The Naples real estate market, say several brokers and agents, is ready to pounce on a hotbed of activity in early 2017, given pending and closed sales data.

“Now that we are past the election and the economy responded positively, we are looking forward to a strong and busy season,” says Naples Area Board of Realtors President Dominic Pallini, also a broker at Vanderbilt Realty.

Yet one ongoing issue, exacerbated in high-priced Naples more than in most other markets in the region, is the growing inventory glut, according to the December Naples Area Board of Realtors Market Report. Inventory in Naples on a year-over-year basis rose 40% in November, from 4,095 properties for sale to 5,733 properties, the report shows. The November tally is up 300 properties from October.