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Olde Naples Market Review

Olde Naples Property Statistics

There are currently 59 Active Single Family homes for sale & 84 sold within the last year

There are currently 87 Active Condominium listings and & 155 sold within the last year

All Single Family

Average Active List Price: $3,070,736.84

Average Active List Price/Square Foot: $839.93

Average List Price in the Past Year: $2,616,605.88

Average Sale Price: $$2,353,095.24

Average Sale Price/Square Foot: $708.98

Average Days on Market: 162

Average SP/LP Ratio: 92.47%

Single Family Post-2004

Average Active List Price: $3,484,667.00

Average Active List Price/Square Foot: $835.00

Average List Price in the Past Year: $3,009,356.96

Average Sale Price: $2,736,785.71

Average Sale Price/Square Foot: $697.11

Average Days on Market: 208

Average SP/LP Ratio: 92.32%

As with Port Royal, sales in Olde Naples are led by the newer construction.  Lot prices are rising and thus new construction prices are too.  Buyers are finding it attractive to own a new home that is up to the current hurricane restrictions for peace of mind as well as the break on their insurance.

Single Family Pre-2004

Average Active List Price: $2,769,697

Average Active List Price/Square Foot: $844.22

Average List Price in the Past Year: $2,420,230.00

Average Sale Price: $2,161,250.00

Average Sale Price/Square Foot: $715.42

Average Days on Market: 138

Average SP/LP Ratio: 92.54%

Condos/Villas

Average Active List Price: $853,455.00

Average Active List Price/Square Foot: $457.43

Average List Price in the Past Year: $723,673.00

Average Sale Price: $669,622.09

Average Sale Price/Square Foot: $369.03

Average Days on Market: 239

Average SP/LP Ratio: 93.30%

Although condos are not as prevalent in the Olde Naples area as compared to Park Shore or Moorings, the lure of a low maintenance residence within walking distance to 5th Avenue or 3rd Street has become very popular to seasonal guests. When you combine this with the increasing number of small villa projects throughout the Olde Naples area,  you certainly will experience a rising market.