Pine Ridge in Naples Florida is a Hit

Dated: 06/13/2019

Views: 52

BUSINESS OBSERVER

Price is no object

 
Naples neighborhood tops ranking of great 11,000 in the U.S.. Median home price is a low factor.
by: Business Observer Staff

We're No. 1 is a relative rallying cry — at least when it comes to the Pine Ridge community in Naples. It was named the No. 1 greatest neighborhood in the country in a recent national report.

While that's nice, with a median home price of $632,871, Pine Ridge isn't a place where just anyone can move. Pine Ridge earned its ranking in the 2018 Neighborhood Housing Index from Irvine, Calif.-based real estate data firm ATTOM Data Solutions, for several other reasons, including home appreciation and quality schools. 

The ATTOM Data report ranked 10,950 neighborhood housing markets nationwide based on six factors impacting the hyperlocal housing market: affordability, appreciation, school scores, crime rates, unemployment rates and property taxes.

The median home price appears to be the lowest common denominator in the report, given the difference among the top five ranges from a median price of approximately $200,000 to $800,000. That’s also apparent in the No. 2 neighborhood on the list, Westlake, in Mobile, Ala., with a median home price of $196,179.

What does this all mean, relative to buying and selling homes in a given market? There's a bit of beauty lies in the eye of the beholder, for one. ATTOM Data Senior Vice President Daren Blomquist says in the statement, "The top five neighborhoods in this ranking represent a diverse set of markets across the country, illustrating that great neighborhoods come in many different forms."

CHART

 2018 Neighborhood Housing Index

Neighborhood     Median Home Price

Pine Ridge, Naples    $632,871  

Blog author image

Barry and Kim with the Hoey Team ☘

"Your Real Estate Concierge" If you are looking for a REALTOR® or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you wit....

Latest Blog Posts

Global High Net Worth Analysis Hoey Team eXp Realty

The first edition of the High Net Worth Handbook provides unique HNW analysis, uncovering the state of the world’s millionaire population (those with between $1m and $30m in net)

Read More

Is That Fixer-Upper Really a Good Deal ☘ Hoey Team ☘ eXp Realty

The lower price of a fixer-upper and the added resale value after a remodel can be alluring to some home buyers. For example, the average price of a fixer-upper home on the TV show “Fixer

Read More

Check it out as Recession Fears Grow with some people, But Economists Say Housing Is OK ☘ Hoey Team ☘ eXp Realty

Recession fears are growing, and that may prompt some Americans—who are still haunted by the last one—to get skittish about the housing market.  Don’t expect another &ldquo

Read More

PRESS RELEASE ☘ Barry earns the CRS (Certified Residential Specialist®) Designation ☘ What it means for Sellers and for Buyers ☘ Hoey Team ☘ eXp Realty

FOR IMMEDIATE RELEASEFor more information, contact:Barry Hoey Hoey Team ☘ eXp Realty 239-360-5527 Barry@SWFLLuxury.Com SWFLLuxuryCollection.ComJoining Three Percent of all Realtors, Barry Hoey

Read More