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.

Naples Real Estate – Market Report For August 2016


Summer activity indicates a promising season. 
The Naples Area Board of Realtors®) (NABOR®)) a just released the market report for residential real estate in the Naples area for August 2016.
The housing market’s momentum continues to remain strong heading into fall.
2015 was an extremely active year leading to a very limited inventory in all areas, making difficult for buyers to find a home of their choice.
Now, buyers who were in stand-by mode by lack of inventory will be pleased to see an increase in homes for sale (even if builders have been added new homes into the MLS) meaning more opportunities to buy.

The NABOR® August 2016 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® August 2016
sales statistics are presented in chart format, including these overall (single-family and

condominium) findings:

CATEGORIES
08/2016
08/2015
CHANGE
Total homes under contract (pending sales)

734
811
-9%
Total Closed Sales
654
689
-5%
Median Closed Price
$320,000
$306,000
5%
Total Active Listings (Inventory)
4,787
3,525
36%
Average Days On Market
88
75
13%
Single-Family – Closed Sales
350
348
1%
Single-Family – Median Closed Price
$384,000
$388,000
-1%
Single-Family Inventory
2,554
2,025
26%
Condominium – Closed Sales
304
341
-11%
Condominium – Median Closed Price
$232,000
$235,000
-1%
Condominium Inventory
2,233
1,500
49%

Pelican Sound – Coach Homes – Market Update

Pelican Sound Golf & River Club – Coach Homes.
The real estate market has been extremely active in Pelican Sound in the past 12-month period with a scarce inventory and a lot of inquiry through our website www.PelicanSound.info.
A lot of demand for the 1-car garage coach homes, first (1,551 sf) or second (1,669 sf) floors.
15 coach homes have been sold: 6 first-floor units and 9 second-floor units.
As of today there are only 3 coach homes on the market: one first-floor and two second-floor units:
http://www.dominicktascher.com/Pelican_Sound_Coach_Homes.htm
There are also two coach homes under contract.
Here are the details for the sales:
First-Floor Units:

MLS #
Sub Condo Name
Address
Beds/Baths
List Price
Sold Price
Sold Date
DOM
SP/SF
215071631
EDGEWATER 21531 PELICAN SOUND DR #103 3 Bed/2(0)
$329,000
$325,000
04/01/16
2
$209.68
215026208
EDGEWATER 21211 PELICAN SOUND DR #102 3 Bed/2(0)
$310,000
$300,000
06/10/15
8
$193.42
215010577
EDGEWATER 21231 PELICAN SOUND DR #102 3 Bed/2(0)
$287,500
$276,500
05/19/15
9
$178.27
215070065
ISLAND SOUND 20955 ISLAND SOUND CIR #101 2 Bed/2(0)
$329,000
$329,000
02/08/16
0
$234.00
215024220
ISLAND SOUND 20971 ISLAND SOUND CIR #103 2+Den/2(0)
$319,000
$300,000
06/15/15
0
$193.42
215070829
ISLAND SOUND 20961 ISLAND SOUND CIR #103 2+Den/2(0)
$350,000
$350,000
02/05/16
32
$225.66

Average Sale Price: $313,417.

Average Sale Price per Square Foot: $206.
Second-Floor Units:
MLS #
Sub Condo Name
Address
Beds/Baths
List Price
Sold Price
Sold Date
DOM
SP/SF
216003036
EDGEWATER 21341 PELICAN SOUND DR #201 3 Bed/2(0)
$329,900
$320,000
03/11/16
21
$193
215068245
ISLAND SOUND 20975 ISLAND SOUND CIR #202 2+Den/2(0)
$330,000
$330,000
01/13/16
2
$215
215014331
ISLAND SOUND 20951 ISLAND SOUND CIR #202 2+Den/2(0)
$315,000
$308,500
05/26/15
3
$201
215070064
ISLAND SOUND 20921 ISLAND SOUND CIR #203 2 Bed/2(0)
$320,000
$315,000
02/22/16
0
$190
215069817
ISLAND SOUND 20945 ISLAND SOUND CIR #202 2 Bed/2(0)
$335,000
$335,000
02/22/16
0
$202
215016257
ISLAND SOUND 20931 ISLAND SOUND CIR #203 2 Bed/2(0)
$309,900
$305,000
11/16/15
0
$183
215070501
ISLAND SOUND 20931 ISLAND SOUND CIR #202 2+Den/2(0)
$369,500
$350,000
03/07/16
72
$210
215016066
ISLAND SOUND 20981 ISLAND SOUND CIR #201 2 Bed/2(0)
$315,000
$310,000
04/24/15
0
$186
215021778
ISLAND SOUND 20975 ISLAND SOUND CIR #203 2 Bed/2(0)
$319,900
$295,000
05/01/15
4
$177

Average Sale Price: $318,722.

Average Sale Price per Square Foot: $195.
* All data provided through MLS sales.
Contact us if you have any questions or if you want to buy or sell in Pelican Sound.

Naples ranked fourth happiest city in the U.S.

The University of British Columbia recently ranked Naples as the fourth-happiest place in the U.S. 
No other Florida city made the study’s top 10, which tabbed Charlottesville, Va., as America’s happiest city after surveying respondents about their life satisfaction. 
With its abundance of retired CEOs, upscale gated communities and recent spike in tourism jobs, is Naples’ wealth buying its happiness? 
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Naples offers a large variety of real estate from beach front or water front properties, gorgeous golf course communities and new construction.
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