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Naples Florida Real Estate Market News – September 2014

Naples Florida Real Estate Market News – September 2014

New Listings $1M+ and $2M+ Increase

On October 1, 2014, available inventory in the combined Naples, Bonita Springs and Estero market stands at 4,567 units (2,481 single family homes and 2,086 condominiums). This represents a 4.3 month supply based on the number of closings in the past 12 months. The number of properties placed in the Multiple Listing Service in September 2014 increased 20%. New listings greater than $1.0 million increased 53% (89 vs 136) from September 2013.

LISTED, PENDED, CLOSED YEAR TO DATE SEPTEMBER 2014

Market Report OCTOBER 2014.indd

LISTED, PENDED, CLOSED MONTH OF SEPTEMBER 2014

Market Report OCTOBER 2014.indd

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

Market Report OCTOBER 2014.indd

CLOSED SALES

  • Average sales price is up 9% over the past 12 months, but remains 31% below the high for this period in 2007.
  • Sales above $2 million have shown the greatest increase year-to-date, up 30% from prior year.

PENDED SALES

  • Pended sales during September 2014 increased 19% in the Bonita-Estero area and 11% in Naples from 2013. Pended sales greater than $5.0 million increased from three to 13 units.
  • During September pended sales above $1,000,000 increased 41% over the prior year and represent 8% of the total pended sales for the month.

NEW LISTINGS/INVENTORY

  • On October 1, 2014, available inventory in the combined Naples, Bonita Springs and Estero market stands at 4,567 units (2,481 single family homes and 2,086 condominiums). This represents a 4.3 month supply based on the number of closings in the past 12 months.
  • The number of properties placed in the Multiple Listing Service in September 2014 increased 20%. New listings greater than $1.0 million increased 53% (89 vs 136) from September 2013.

“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.”