Naples tops pricey list
The debate over whether a real estate price correction is around the corner is continuing with no definitive answers, but a new study says Naples is the most overvalued market in the country.
The third-quarter study, which examined 299 metropolitan areas in the country, puts the Naples market at No. 1, with homes being 84 percent overvalued. The Cape Coral metropolitan statistical area came in at No. 28 for the third quarter of this year, with home prices 51.9 percent over their value. That’s up from No. 35 in the second quarter.
Study: Naples most overvalued market in nation [Bonita News]