Comparing Real Estate in Alberta to Naples

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I recently met a nice young couple from Edmonton, Alberta that were vacationing in the Naples area, and in other places in south Florida. The were hanging out in a coffee shop and struck up a conversation with me. Their names were Robert and Shawna and they just happened to be realtors in Edmonton. In fact they told me they were the number one real estate team in their office last year. Pretty impressive, so I thought I would pick their brain on what is happening back in Alberta with regards to home sales.

They told me that the market was very good and prices had rebounded to their record House in Edmontonlevels that were last seen in 2006 and the beginning of 2007.Of course we all know what happened in 2008 with the great recession. Even booming Alberta saw home prices decline significantly and foreclosures go up. Now Alberta price declines and foreclosures were a far cry from the kind of thing we saw in south Florida where things were down right catastrophic, but still the recession had a big impact there too.

Robert told me that there is not a lot of inventory in Edmonton right now, and not a lot of homes for sale in central Alberta with either single family homes or condos. Good homes that are priced right will sell quickly, sometimes with multiple offers. However he cautioned that there is none of the unchecked optimism that gave rise to the prices of homes doubling almost overnight in 2006 and 2007. People are more cautious and remember that things can change quickly. So, the market is very good and prices are rising in relation to the demand, and not speculation. The average price for a single family home is $405,826 and for a condo is $240,000.

Here in Naples things are also very good with a record number of sales last year. Prices increased by 16% in 2013 and there is a 7 year low in inventory. Builders are busy trying to tap into the demand with new homes becoming available as soon as they can. However unlike Edmonton, Naples has a long way to go to catch up to the record selling price of $717,534 in 2006. In fact prices would have to rise by over 60% to get to the same levels, so homes are affordable, at least when compared to historic prices. I do however expect prices to continue rising moderately for the next few years because this is such a great place to live. Who wouldn’t want this fantastic weather, ocean, and lifestyle?

Indeed, Robert and Shawna said they would consider moving here for six months of the year so that they can miss winter, which can be pretty harsh in Edmonton compared to the weather here.

If you need any more information contact  REMAX Edmonton Real estate 102 12650 – 151 Avenue NW, Edmonton, AB T5X 0A1

What is there to do in Naples?

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Here is a good video that gives lots of detail about the Naples area and what there is to do. You can get a good idea of what it is like to live here and you can use that information to decide whether or not you want to spend your winters here.

What is the best age to start visiting Naples?

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So, if you are sitting up in Canada freezing through another Canadian Winter and wondering when you will be able to make the annual trek to paradise, don’t worry, you are not alone.

It all depends on your financial situation and of course your health. Some people are lucky House in Naples Floridaenough to retire at 50 or 55 with company pensions and enough savings to start at a young age. Others have to slave away at a job until they are 65 so that they are eligible for Canada pension and old age security. However, if you start that late in life you will only have a few years before your health becomes a factor in the decision to go south or not.

I would argue that the therapeutic benefits of warm weather and sunshine exceed the fears you may have about navigating large American airports and expensive healthcare when you start to get into your mid seventies. If you stay in Canada for the winter, you really put yourself in danger every time you venture outside because you could fall on the ice and break a bone, and that could cause you pain for the rest of your life. In Florida, you can go for a walk, swim, bike ride, or run any time without worrying about falling or freezing.

Of course there is always the risk of being victimized by crime but that risk exists everywhere else too. The Naples area of Florida has one of the lowest crime rates in Florida with almost 56% less crime than the rest of Florida. If you exercise good judgment and use common sense, you will be at least as safe as you are in Canada.

I guess the best answer to the question of when you should start coming down here, is as soon as possible. With today’s technology it is easy to keep in touch with people back home. You can use Skype, Google hangouts, or Facetime on your Iphone to video chat with your grand kids or even do a little bit of business if you still like to keep involved with work on a part time basis. Many of us often don’t see our family and friends often enough when we are in Canada, so going to Florida may just push you to use technology to keep in touch more than you would have if you were home.

Believe me, life is too short, so get down here as soon as possible and live life to the fullest. Check out the available real estate listings here