Coquina Sands Real Estate Market Forecast 2023

 

Coquina Sands is an upscale community located minutes from downtown Naples on the Gulf coast. It is known for its lush palmetto and oak trees and luxury amenities. The area has a strong community spirit and offers a lifestyle perfect for people seeking a quiet escape. The atmosphere is relaxed, and there is plenty to do, including shopping, golfing, fishing, and more. The housing market in Coquina Sands is booming. With new construction coming online all the time and strong demand from current residents and potential residents, prices remain high. Take a look at the Coquina Sands real estate market forecast for 2023.

 

According to the Naples Area Board of Realtors’ most recent local market update, the inventory of single-family homes for sale in Central Naples has risen by 12% since October 2021. Across Naples as a whole, the number of total active listings has increased by 72.7%.

As the inventory of Coquina Sands homes for sale increases, prices are predicted to rise at a slower pace than in the past few years. This is because more homes will be available for buyers to choose from, giving them more negotiating power. However, prices are still expected to increase over time, just at a more moderate rate.

The rising inventory in Coquina Sands is good news for potential home buyers. More homes on the market mean more choice and less competition for securing a home. In the past, buyers in this community have had to pay a premium price for a home and engage in bidding wars. With more homes on the market, prices are expected to stabilize, and buyers will feel less pressure when looking at properties.

The 2020 pandemic impacted the real estate market in several ways. One of the most significant ways was by disrupting the supply of homes. Builders stopped construction on new homes, and construction materials were hard to obtain. This led to a decrease in the number of homes available for sale and increased prices. As the nation recovers from the pandemic, new builds are expected to come on the market in 2023. Coquina Sands is a desirable area with single-family and condo homes, and the neighborhood has new construction in the works to ease demand.

The increased supply of homes on the market is expected to have a cooling effect on prices. This is good news for buyers who may have been recently priced out of the market. With more homes available, prices are predicted to rise at a slower rate, giving buyers more time to save for expenses and making the market more accessible.

The cooling of the housing market is also good news for renters looking to buy a home in Coquina Sands. Although the market will begin to normalize in 2023, it will remain strong, and prices are not expected to rise significantly or decline.

Steady changes in the market are better for buyers, renters, and developers alike. When the housing market changes rapidly, buyers can spend too much energy trying to find a home and lose out on other opportunities. This can also lead to bidding wars, which can be difficult and time-consuming to win. When the market changes slowly, buyers and sellers have more time to adapt and make informed decisions.

The steady changes that are taking place in the Coquina Sands real estate market are good news for all. Because of the extreme market changes that occurred during the pandemic, many buyers and sellers are wary of what is to come. While drastic market changes are possible in the future, there are no indications that suggest a market crash in 2023. With steady fluctuations, the market can remain strong and healthy for buyers and sellers looking for the right time to start their real estate journey.

Interest rates are one of the most important factors affecting the real estate market. When rates are high, it makes it more difficult for buyers to afford a home because it increases monthly payments unless you have a sufficient downpayment. Recent interest rates are perceived as high, and while they have been rising recently, the current rates are still historically low. Like home prices, interest rates are expected to remain similar in 2023. Many factors can impact rates, but it is important to research local lenders because they will offer different interest rates.

Coquina Sands is experiencing a seller’s market and is expected to remain a seller’s market for most of 2023. Because of the area’s appeal, finding a home without competition can be a challenge. Buyers often need to make strong initial offers at or over the asking price and with limited contingencies. The increasing amount of inventory will make these conditions more manageable for buyers.

 

Real estate agents are important because they have insight into the market and can provide an expert analysis of trends and market forecasts. They work with buyers to find the right home and negotiate on their behalf. Agents also work with sellers to help them determine the right listing price, stage their homes, and market their properties successfully to receive top offers.

The real estate market is complex and ever-changing, so it is essential to have an expert on your side explaining local trends and advocating for your needs. A forecast estimates future trends and conditions, but it is critical to have real-time information and data when making real estate decisions.

Cindy Rosenfeld is a top-tier Naples real estate agent specializing in luxury properties in surrounding communities like Coquina Sands. Cindy has a unique background in marketing and advertising to help clients meet their full real estate potential. She is a talented agent who is vastly experienced in navigating challenging obstacles and market conditions with successful outcomes. Reach out to Cindy today to get started!