Thursday, April 14, 2005

Speculators Flood Naples, Florida

EscapeHomes put together a Second Home Market Index and the accompanying press release may make you think twice about that condo by the sea. "Investors comprised 34 percent of the Naples home seekers, while 30 percent are looking for a retirement home, 24 percent are searching for a vacation property and 12 percent are planning to relocate."

Here is the list.

March 2005 Top 10 Second Home Markets
1- Naples, Florida
2- South Padre Island, Texas
3- Myrtle Beach, South Carolina
4- Destin, Florida
5- Orlando, Florida
6- Tampa, Florida
7- Florence, Oregon
8- Napa, California
9- Venice, Florida
10- Park City, Utah


At 2:11 PM, Blogger Sunny said...

Wow, Florida wins by a landslide. Its enough to make me nervous. In Naples, I would say the market is 84% soft.

At 2:20 PM, Blogger John Law said...

I'm amazed at all the new condo construction that's going to be built in Florida...scary.

At 2:25 PM, Anonymous Anonymous said...

I lived on SPI for years. The weather wears down everything. Upkeep is constant.

At 4:25 PM, Blogger dwr said...

"I'm amazed at all the new condo construction that's going to be built in Florida...scary."

According to these stats, there are plenty of speculators waiting to buy them!! Of course there aren't enough bodies to fill 1/3 of them, but that kind of thinking is so 20th century.


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