The following provides a summary of market activity in Naples and surrounding areas for second quarter 2016:

Naples market review 2016

Naples Single-Family Homes

  • Average sales price for the 12 months ending June 30, 2016 is up 9.4% over the prior 12 months at $742,471
  • Number of closed sales for the quarter is down 14% from second quarter 2015 and 13% year to date
  • Months of supply is 9.7 months at the end of second quarter, up from 7.4 months at the end of second quarter 2015

Naples Condos

  • Average sales price for the past 12 months remained consistent with prior year at $392,500 versus $387,000 in 2015
  • Number of closed sales is down 20% from second quarter 2015 and 21% year to date
  • Months of supply is 7.8 months at the end of second quarter, up from 5.5 months at the end of second quarter 2015

Bonita Springs market review 2016

Bonita Springs/Estero Single-Family Homes

  • Average sales price increased 6% year-over-year to $518,000
  • Number of closed sales is down 16% from second quarter 2015 and 13% year to date
  • Months of supply at the end of second quarter is 8.3 months, up from 6.6 months at the end of second quarter 2015

Bonita Springs/Estero Condos

  • Average sales price increased 8% over prior 12 months to $312,249
  • Number of closed sales for second quarter is down 20% over second quarter 2015
  • Months of supply at the end of second quarter is 7.7 months, up from 4.5 months at the end of second quarter 2015

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Alysia Shivers |  Naples Real Estate | 239.877.9732
https://aroundtownwithalysia.com | Facebook | Twitter | LinkedIn | Pinterest

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