The impact of Hurricane Ian, seen in the last two days of September, is in the September 2022 market report by the Naples Regional Real Estate Commission, which tracks home listings and sales within Collier County (excluding Marco Island). Not reflected. Given this, the September data showed a predictable pattern of late closes and pending sales with a slight increase in inventories, the traditional case for his historically stable September. rice field. While the report captured activity prior to the arrival of Hurricane Ian, brokers and analysts who reviewed the report on Oct. 18 found Naples’ recovery to be swift and the resilience of its home value. I am sure you will be protected.
“There are certainly significant losses, but their full extent [the hurricane’s] Impacts were limited to specific areas along the coast and tributaries [in Collier County]said Budge Huskey, CEO of Premier Sotheby’s International Realty. “Events like this always result in a recovery boom, and most people would decide to recover and improve rather than leave the area.
Mike Hughes, vice president and general manager of Downing-Frye Realty, Inc., said, “Unlike Hurricane Irma, Hurricane Ian was not a high wind event, so about 80 percent of the county was in We were not seriously affected,” he added.
Unsurprisingly, some broker analysts say buyer interest in homes in communities east of US 41 has increased since the storm. Adam Vellano, his manager of Naples sales at Compass Florida, said, “Some homes have been withdrawn from the MLS, others have closed, but there’s been a steady stream of new listings in his last two weeks.” I’m here.
Apparently, some properties in Naples damaged by the hurricane will disappear from the market as they need to be evaluated and repaired by insurance adjusters. However, unlike Lee and Charlotte counties, which were badly damaged, Collier County had very few buildings destroyed.
A good number of businesses and properties that experienced the storm surge recovered quickly. Major area attractions such as zoos, popular restaurants and golf courses have already reopened. “If you visit a popular shopping district today, it would be difficult to recognize that there was a major hurricane two weeks ago,” Verano added.
In fact, the county’s Hurricane Building Code standards and quality craftsmanship by local builders have significantly reduced the amount of major structural damage in the area. In addition, improved drainage of city and county stormwater infrastructure and new flood control ordinances are due to Naples’ rapid recovery efforts.
Molly Lane, senior vice president of William Raveis Real Estate, who lived in Connecticut during two major storm floods, warned that “FEMA may change the baseline flood height for new buildings.” says that there is Many spec homes built west of 41 were already 10 feet above sea level and the majority appeared to have avoided severe flooding during Hurricane He Ian.
Broker analysts reviewing the September 2022 market report are concerned that national media coverage of the storm’s destruction is affecting public perception of the Collier County housing market. “Many people visiting Naples are now contemplating their winter plans,” Hughes said. It doesn’t help, it doesn’t, Napoli are well positioned to bounce back and will recover quickly.”
Spencer Haynes, vice president of business development and brokerage at John R. Wood Properties, said the September market report didn’t come as a surprise, and instead spent his time analyzing the report, he said he would be willing to help the human services organization. Assure the public and NABOR members that you will spend time on Provides direct recovery support.
The NABOR September 2022 market report provides a comparison of single-family home and condominium sales (via Southwest Florida MLS), price points, geographic segmentation, and includes an overview of the overall market.
If you are considering selling your home in Naples, contact our Naples Realtor experts who have the ability and expertise to provide an accurate market comparison in this rapidly changing market. www.Naplesarea.com.|
