Naples Real Estate Report – 3Q 2018: Market Remains Strong

Naples real estate market report 3rd Quarter 2018

Naples, Fla. (October 19, 2018) – One year after Hurricane Irma, overall closed sales in Naples increased 62 % to 644 homes in September of 2018 compared to 398 closed sales of homes in September of 2017. According to broker analysts, this impressive increase in month over month sales is a result of the effect of the hurricane when homes sales halted following the massive storm.
“The September Market Report shows how resilient and desirable our market is,” said Lauren U. Melo, PA, Licensed Real Estate Broker with Florida’s Realty Specialists. “A 3 % increase in pending and closed sales, year over year, is strong considering the reduced sales activity during the troubled period following the hurricane. This was when many sellers were making repairs caused by the hurricane. The September statistics show that our market is in a good position to see positive activity for the fourth quarter.”
Here are the major points of this Naples real estate market report for the 3rd Quarter of 2018:

  • Overall pending sales in the third quarter are up 20 % closed sales are up 13 % the median closed price is up 3 % inventory is up 4 % and the days on market decreased 1 %.
  • Closed sales of homes between $300,000 and $500,000 increased 24% more than other categories.
  • Pending Sales for the condominiums market increased 21% and closed sales 20%.

View Complete Naples Real estate Market Report – 3Q 2018…
View Complete Naples Real Estate Market Statistics – 3Q 2018…
View Complete Naples Real Estate Market Statistics – September 2018…
View all Residential Properties For Sale in the Naples 
Area…

 

Author: Dominick Tascher Group - Blog

Naples to Estero Real Estate Blog by Dominick Tascher Group at MVP Realty brings to the public the latest information about real estate news and trends, market reports, new communities and also topics related to living in the paradise of SW Florida; Naples, Bonita Springs, Estero and South Fort Myers.

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