So what’s going on with naples condos these days? It appears prices continue to decline and inventory increasing on naples high rise condos. A quick search on realtor.com indicated there are over 400 units for sale over $1,000,000. The problem with this area is that there aren’t very many high paying jobs or people that can afford units like this. Remember how we hear you’re in the top 1% of taxpayers if you make over $200,000? Well even a $200,000 salary doesn’t take you very far with home owners and taxes that can exceed $2,000/month. So we’re probably look at less that one third of the one percent that can afford real estate of this magnitude.

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