Naples Real Estate Market Report Reveals Investment Opportunies

Hot Off the Press: The Naples Real Estate Report

Updates in the Naples real estate market The First Quarter 2015 Market Report was released by the Naples Area Board of REALTORS® last week. According to the report, the Naples area real estate market, across all price categories, remains very good and is expected to continue that way throughout the year. There has been a marked shift, however. Naples home buyers seem to be more attracted to condominiums than single-family homes. The closed and pending sale of condos increased by double digits in the first quarter of 2015. The report also found that location, location, location has been a significant factor in home sales activity.

March 2015 Naples Market Breakdown:

  • Overall pending sales increased 9 percent from 1,399 homes in March 2014 to 1,520 homes in March 2015.
  • Overall closed sales increased 3% from 981 homes in March 2014 to 1,014 homes in March 2015.
  • Overall median closed price increased 12% from $248,000 in the 12-months ending March 2014 to $278,000 in the 12-months ending March 2015.
  • Overall inventory decreased 3% from 4,405 homes in March 2014 to 4,253 in March 2015.
  • Average days on market decreased 16% from 94 days in March 2014 to 80 days in March 2015

February 2015 Naples Market Breakdown:

  • Overall pending sales increased 3% from 1,244 in February 2014 to 1,280 in February 2015.
  • Overall closed sales decreased 1% from 9,808 in the 12-months ending February 2014 to 9,720 in the 12-months ending February 2015.
  • Overall median closed price increased 12% from $245,000 in the 12-months ending February 2014 to $275,000 in the 12-months ending February 2015.
  • Overall inventory decreased 5% from 4,633 homes in February 2014 to 4,406 homes in February 2015.
  • Average days on market for February 2015 were 93.

 January 2015 Naples Market Breakdown:

  • Overall pending sales decreased 1% from 1,117 in January 2014 to 1,103 in January 2015.
  • Overall closed sales decreased 1% from 9,835 in the 12-months ending January 2014 to 9,759 in the 12-months ending January 2015.
  • Overall median closed price increased 13% from $242,000 in the 12-months ending January 2014 to $273,000 in the 12-months ending January 2015.
  • Overall inventory decreased 5% from 4,776 homes in January 2014 to 4,515 homes in January 2015.
  • Average days on market for January 2015 were 85.

Investment Opportunities in Naples Real Estate

Waterfront condo values in Naples FLWhat are your thoughts on the current state of the Naples real estate market? Have you been successful in navigating the housing market recently? If you would like to find out about recently sold homes near you, contact me for a free comparative market analysis.

Now is a great time to invest in real estate because the Naples market is booming. Browse current home listings and set up email updates so that you’ll be notified the instant that properties that meet your criteria are listed on the market. Whether you’re buying or selling a home in Naples, I can ensure that you maximize your investment. Contact me today!

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