Naples Real Estate Market Report
This past month saw record-breaking real estate sales in the Naples area. April 2015 had the highest percentage of traditional sales since July 2009, with only 10 short sales and 57 foreclosed sales as opposed to the 330 distressed sales in 2009.
Condos in the $2 million and above price category saw remarkable positive gains in pending sales and inventory this month, while all homes experienced an increase in the overall median closed price.
Let’s look at the most recent real estate market trends for the Naples area.
April 2015 Naples Market Breakdown
- Overall pending sales decreased 2% from 1,231 in April 2014 to 1,210 in April 2015.
- Overall closed sales remained flat with no increase or decrease reported in the 12 months ending April 2015, although closed sales in the $300,000 to $500,000 price category increased 21% from 1,787 homes in the 12 months ending April 2014 to 2,162 homes in the 12 months ending April 2015.
- Overall median closed price increased 13% from $250,000 in the 12 months ending April 2014 to $283,000 in the 12 months ending April 2015.
- Overall inventory decreased 3% from 4,157 homes in April 2014 to 4,040 homes in April 2015. Inventory for single-family homes increased 4% from 2,206 homes in April 2014 to 2,289 homes in April 2015, and inventory for condominiums decreased 10% from 1,951 condos in April 2014 to 1,751 condos in April 2015.
- Average days on market decreased 28% from 99 days in April 2014 to 71 days in April 2015.
Information courtesy of the Naples Area Board of REALTORS®.
Now’s the Time to Invest in Naples Real Estate
If you’re interested in buying a home in Naples, start by browsing the current listings for single-family homes and condos, and receive email updates as soon as a property that meets your criteria is listed on the Naples market. If you’re selling your Naples home, be sure torequest a neighborhood sold report and use my free comparative home evaluation to determine a competitive price for your property.