How’s the Naples real estate market? As you might imagine, I get that question a lot. What’s the answer? Plain and simple … it’s balanced and stable. But that being said, there’s also more to it. The year started off slow for the most part. Inventory of listings for sale was high and sales were […]
Naples Real Estate Second Quarter 2018 Holding Steady
Nominal Fluctuations Throughout 2nd Quarter 2018 Equals Stability The big talk this quarter in Naples real estate second quarter was the milestone $48.8 million sale of a beachfront estate in Naples, a record-breaker for our area Multiple Listing Service (MLS). Even more interesting than the sale itself, was the fact that a second buyer was […]
Let’s Talk Naples Days on Market: 3rd Quarter 2016
An overpriced property sits on the market. Buyers are out there, but why would they overpay. Overall, in the Naples real estate market, days on market increased 10%, from 78 days to 86, making pricing even more critical particularly as inventory increases. The challenge going into this season will be that some Naples home sellers […]
Let’s Talk Naples Inventory: 3rd Quarter 2016
Naples inventory (also know as properties for sale) is up from 3,606 properties in third quarter 2015 to 5,044 properties in third quarter 2016. And this does not include new construction since developers only place a limited selection of properties in the area’s Multiple Listing Service. Taking a look back at how bad inventory got after […]
Let’s Talk Naples Home Sales: 3rd Quarter 2016
Naples home sales in third quarter 2016 are closely mirroring pending sales with a 14% decrease quarter over quarter. And when comparing year over year, they are also down by 13%. Overall, Naples single-family homes appear to be in more demand than condos, but if you take a look at what builders are constructing, it’s […]
Let’s Talk Naples Homes Under Contract: 3rd Quarter 2016
The number of Naples homes under contract (otherwise known as pending sales) has taken a hit during third quarter 2016, though that’s not overly surprising considering the summer months, most notably August and September, are the slowest for Naples real estate. When comparing pending Naples sales from third quarter 2015 to third quarter 2016, overall […]
Let’s Talk Naples Home Prices: 3rd Quarter 2016
It may be a little unfair to compare third quarter 2016 with third quarter 2015 simply because 2015 was a phenomenal year for Naples real estate. In 2016 we’ve declined from a “great” market to a “good” market. Two years in a row, 2014 and 2015, were “10s” while 2016 is coming in at an […]
Naples Real Estate Sales: September 2016 By the Numbers
This is the time of year when inventory begins to build in the Naples real estate market. With overall inventory up in Naples, Bonita Springs, Estero and Marco Island over last year, it will only get higher over the next 4 to 5 months. This means that some Naples communities are already back to a […]
Naples Real Estate Sales: July 2016 By the Numbers
CLOSED SALES The number of Naples real estate sales through July 2016 is down 16% from the same period in 2015. Sales pace is driven by inventory, demand and pricing. During the past 12 months, closings for Naples homes priced above $2 million declined by 9.7%, 410 sales versus 454. NEW LISTINGS/INVENTORY Inventory of homes for […]
Naples Real Estate Market Report: 2nd Quarter 2016 By the Numbers
The following provides a summary of market activity in Naples and surrounding areas for second quarter 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 […]
