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Naples Florida Real Estate Market Conditions – June 2014

Naples Florida Real Estate Market Conditions

June 2014

Year-to-date, closed sales greater than $1.0 million are up 31% over same period 2013 and total volume increased 37%. The average days on market for the first half of 2014 is at the lowest level (93 days) since John R Wood Properties began tracking closed sales in 2000; down from 158 days in June 2013. The highest priced closed sale through the Southwest Florida Multiple Listing Service during the first half of 2014 was located in Port Royal and sold in June for $17,127,000. The single family estate home was built in 1996 and contains 6,005 square feet of living area with five bedrooms, eight full baths and seven half baths.

LISTED, PENDED, CLOSED YEAR TO DATE MAY 2014

Market Report JUly 2014.indd

LISTED, PENDED, CLOSED MONTH OF MAY 2014

Market Report JUly 2014.indd

BREAKDOWN BY PRICE CATEGORY YEAR TO DATE MAY 2014 (This chart shows the percentage of the market represented by each price segment)

Market Report JUly 2014.indd

CLOSED SALES

  • Year-to-date, closed sales greater than $1.0 million are up 31% over same period 2013 and total volume increased 37%.
  • The average days on market for the first half of 2014 is at the lowest level (93 days) since John R Wood Properties began tracking closed sales in 2000; down from 158 days in June 2013.
  • The highest priced closed sale through the Southwest Florida Multiple Listing Service during the first half of 2014 was located in Port Royal and sold in June for $17,127,000. The single family estate home was built in 1996 and contains 6,005 square feet of living area with five bedrooms, eight full baths and seven half baths.

PENDED SALES

  • Pended sales for the month of June are at the highest level since John R Wood Properties began tracking pended sales in 2005.
  • The only price segment showing a decrease in pended sales in June are properties priced under $250,000, which dropped less than 2%. All other price ranges posted gains over June 2013.

NEW LISTINGS/INVENTORY

  • The number of new properties placed in inventory through June is approximately the same as the first six months of 2013.
  • The number of available condominiums in all price ranges decreased from prior year except those priced above $5.0 million which remained stable. Single family homes priced between $750,000 and $2,000,000 decreased by 6% with other price points remaining stable or showing slight increases from prior year.
  • Available inventory in the Naples, Bonita Springs, Estero market on July 1, 2014 stands at 4,718 units (2,186 condominiums and 2,532 single family homes). This is an 8.8% decline from June 1, 2013, and represents approximately a 4.5 month supply.
“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2014 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.”