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%.

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Naples Real Estate Market Report – July 2018

Naples Real estate Market Infographics July 2018

July Housing Market in Naples Defies National Trends

Naples, Florida. (August 24, 2018) – According to the National Association of REALTORS July market report, existing home sales in America decreased for the third straight month as a result of the severe housing shortage that is not releasing its grip on the nation’s housing market.
Conversely, homes sales in the Naples area were up 8 % in July according to the July 2018 Market
Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). The nation has only a 4.3-month supply of home inventory, while Naples has a healthier 6.25-month supply of inventory.
“The Naples area overall median home price increase in July 2018 seems to be the only statistical category where we match national trends,” said Kathy Zorn, “Naples saw an 8 % increase in its overall median closed price in July 2018 compared to July 2017; whereas nationally, median closed prices went up just 4 %

Here are the major points of this Naples real estate market report for July 2018:

  • Home Sales up 8% in July 2018 compared to July 2017.
  • Inventory fell 1% to 4,871 properties, compared to July 2017.
  • 39% increase in condominium closings in the Naples Beach area (West of US 41).
  • Overall Pending Sales up 11% in July.
  • Pending Sales for luxury condominiums ($2 million +) up 150% in July!
  • Cash Sales account for 50% in Naples (compared to 20% nationwide).

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Naples Real Estate Market Report – April 2018

Click to View InfographicsInventory Keeping Spring Market Active 

Naples, Fla. (May 25, 2018) – According to the April 2018 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), Collier County enjoys 7.76 months of inventory compared to a 4-month supply nationally. This is great news for Naples REALTORS® as they transition from a very busy high season to what broker analysts believe will be a very strong summer.
Here are the major points of this Naples real estate market report for April 2018:

  • Overall Pending Sales increased over 20% in the $1M+ categories 12-months ending 4/2018
  • Overall Closed Sales increased over 30% in the $1M+ categories 12-months ending 4/2018
  • Overall Median Closed Price increased 5% 12-months ending 4/2018
  • Overall Inventory decreased double digits in the $1M+ categories Apr 2017 to Apr 2018
  • Overall Average DOM decreased 27% in the $500K-$1M category Apr 2017 to Apr 2018

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View Complete Naples Real Estate Market Statistics – April 2018

Florida Real Estate Market – Sales, Median Prices, New Listings Up in April 2018

In April, Florida’s housing sector reported more closed sales, higher median prices and more new listings from owners ready to enter the market, according to the latest housing data released by Florida Realtors®.
View the detailed reports for Collier and Lee counties in the links below, showing a strong market with a continuous decrease of inventory and increase of selling price.

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Hammock Bay & Tarpon Bay, Naples FL – Two Attractive Foreclosures

We are offering you regular updates on properties in foreclosure in attractive locations in the Naples, Bonita Springs and Estero area. Today, two new foreclosures went on the market:

Call us if you need more information about these properties.
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Naples Real Estate – October 2017 Sales Market Report

Naples, Fla. (November 17, 2017) – The evidence that a hurricane hit the Naples area in September became less visible in October because residents were quick to address damages to their property and our county and utility service providers worked overtime to get the area back to normal as quickly as possible.
The Naples area real estate market sales finished on a positive note in October with closed sales increasing 1% over last October, according to the October 2017 Market Report released by the Naples Area Board of REALTORS® (NABOR®).
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Naples Real Estate – Market Report July 2017

Screenshot 2017-09-02 11.43.25Naples, Fla. (August 25, 2017) – REALTORS® in Naples sold more existing homes in July (682) than they did in January (603) or February (613), a statistical reality that busts an old myth that home sales stall in the summer. In fact, overall closed sales in the market’s sweet spot (homes priced between $300,000 and $500,000) increased 32% in July. Broker analysts reviewing the July 2017 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which track home listings and sales within Collier County (excluding Marco Island), said a 9% increase in closed sales during July was very good, but the continued reduction of inventory, especially in the single-family home market, is cause for concern as it limits choices for buyers.
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Naples Real Estate – Market Report – May 2017

Overall closed sales of homes in May shined brighter than any other month previously reported in 2017, with an impressive 23% increase to 1,027 closed sales in May 2017 from 838 closed sales in May 2016. Likewise, overall pending sales (homes under contract) also outperformed activity reported in the last four months. Leading broker analysts who reviewed the May 2017 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), are quite confident that real estate agents will be very busy this summer.
“If May’s momentum continues, this year will turn out better than last year,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. “Home sales during the summer months have become stronger over the past few years. We are no longer seeing a huge disparity in activity between winter and summer like we once did.”
One familiar obstacle summer buyers will face again this year is a reduction in available inventory.
“This type of behavior is short sighted,” said Hughes. “Those who let a listing expire at the end of our winter season are missing a huge opportunity to sell their property during the summer months.” Hughes added that our area attracts a variety of buyers during the summer such as international travelers, families from Northern states, and those relocating from other parts of Florida.
The NABOR® May 2017 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® May 2017 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

CATEGORIES
May 2016
May 2017
CHANGE
Total homes under contract (pending sales)
921
1,027
12%
Total closed sales
838
1,027
23%
Median closed price
$338,000
355,000
5%
Median closed price >$300K
$547,000
$590,000
8%
Total active listings (inventory)
5,207
5,404
4%
Average days on market 
73
98
34%
Single-family closed sales
396
485
22%
Single-family median closed price
$432,000
$435,000
1%
Single-family inventory
2,744
2,734
0%
Condominium closed sales
442
542
23%
Condominium median closed price
$276,000
$289,000
5%
Condominium inventory
2,463
2,670
8%

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Naples Real Estate – April Market Report Shows Strong End-of-Season Activity

NABOR (Naples Area Board of REALTORS®) just released today the market report for real estate in the Naples area for April 2017.
Here are the principal points of the report.
– Overall inventory in April increased 8 percent to 5,920 homes in April 2017 from 5,480 homes in April 2016.

But at the same time:
 Inventory decreased for the second consecutive month and prices continued to remain stable in April, setting into motion a burst in end-of-season sales for homes in the market’s sweet spot – the $300,000 to $500,000 price category.
– The April report showed a 41 percent increase in pending sales for homes in the $2 million and above price category.

– Most notable was a remarkable 35 percent increase in the $2 million and above condominium inventory for April.

 – Homes that are unrealistically priced influenced April’s average days on market, which showed an increase of 35 percent to 97 days in April 2017 from 72 days in April 2016.
– Prices overall have remained relatively flat over the last year.

– For the 902 homes that closed in April 2017, the majority (65.3 percent) were cash sales and only 34.7 percent were conventional (financed) sales, a statistic that signifies the seasonal wealth factor.
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Naples Area Real Estate – Market Report – October 2016

Naples Area Board of Realtors® (NABOR) has just released the real estate market report for October 2016 compared to October 2015 for residential real estate transactions in the Naples area.
Despite an increase of transactions using mortgages (44%), 65% of transactions are cash sales in the Naples area.
The overall pending sales decreased 13% but the numbers continue to show an accrued interest for  properties over $500,000:

  • Overall pending sales increased 14%.
  • Pending sales of condominiums from $500,000 to $1 million increased 30%.
Here are the other noticeable figures for this report:
  • Overall closed sales decreased 7%.
  • Closed sales of condominiums from $1 million to $2 million increased 80%.
  • Closed sales of single-family homes in the $300,000 to $500,000 category increased 21%.
  • Overall median closed price increased 6%.
The Naples area real estate report for October shows a six-month worth of inventory, which make an healthy level of choice for buyers. The increase in days on the market (+15%) has been affected by some overpriced properties and shows that sellers must price their properties in a more realistic way in today’s market.