Limited inventory continues to be the story of the Naples real estate market. Third quarter market statistics, released by the Naples Area Board of REALTORS® (NABOR®), show inventory of existing homes decreased 9% from 4,080 homes available in third quarter 2013 to 3,702 homes in third quarter 2014. This tight inventory affected sales activity as […]
The Uptrend in Naples Real Estate Has Begun; It’s Time to Get in
The Naples real estate market is outperforming last year’s third quarter activity in sales, median closed price and inventory. Third quarter 2013 statistics demonstrate: A 22% increase in overall sales, from 1,882 homes in third quarter 2012 to 2,290 homes in third quarter 2013 A 24% increase in overall median home prices, from $190,000 in […]
It’s As Good a Time to Sell As It is To Buy Naples Real Estate
July was another sizzling month for home sales in Naples and Southwest Florida. Closed sales priced above $1 million once again showed significant increases over prior years and, in fact, reached their highest level for the month since 2005. Depletion of inventory in the under $250,000 segment resulted in this range representing less than 51% […]
Naples Second Quarter: Pended Sales Exceed New Homes Coming on the Market
The number of homes for sale in Naples in the second quarter of 2013 is comparable to second quarter 2012, and the lowest for the quarter since 2004. Pended sales (i.e. properties under contract) for the quarter exceeded the number of new homes that hit the Naples real estate market for the first time since John R. Wood […]
Naples Second Quarter: Inventory Decreases, Closed Sales Increase
Inventory of Naples homes for sale for the quarter has steadily decreased from second quarter 2007 to second quarter 2013, while the number of closed sales in the Naples real estate market, on a 12-month basis, has steadily increased. The result: A decline in months of supply from 33 months in second quarter 2007 to […]
June 2012 Housing Market Report for Naples, Bonita Springs and Estero
Sales $1 Million+ Highest Since 2007; Inventory Declines 16% Over Prior Year The amount of Naples homes for sale has been continuously decreasing all over Naples and Southwest Florida. Common sense tells us that when supply is low and demand is high, housing prices will increase. But here in Naples we have learned from the fallout and thus while […]
Closed Sales are up in February 2012; March Shows No Signs of Slowing Down
Closed Sales. In this month’s Naples and Southwest Florida Market Report, closed sales priced above $1 million continue to rise with 49 closings in February compared to 42 closings this same time last year. During the first two months of 2012, median sales prices are at the highest level for the same period since 2008. Additionally, […]
