Some highlights of the February Naples real estate report include:

• Properties priced above $5 million posted the largest percentage gain in the number of closed units, with 77 units sold versus 52, up 48% over the previous 12 months
• Average sales price increased 6.6% over prior year following a 16% increase for February 2013-February 2014
• Closings for the month of February decreased approximately 10% from February 2014. This was driven largely by decreases in the $750,000-$1 million segment (down 30%) and the $2 million-$5 million range (down 35%)
• Pended sales for the month of February remained approximately the same as last year in the Naples market (up less than 2%), while Bonita Springs/Estero posted an 8% gain for the month
• February pended sales are the highest on record for the month (2003-2015)
• On March 1, 2015, available inventory in the combined Naples, Bonita Springs, Estero market stood at 5,400 units (3,152 single-family homes and 2,248 condos). This represents a 4.9 month supply based on closings for the past 12 months and a 12% decrease from March 1, 2014