Naples Florida Real Estate Market News – December 2014
LISTED, PENDED, CLOSED YEAR TO DATE DECEMBER 2014
LISTED, PENDED, CLOSED MONTH OF DECEMBER 2014
BREAKDOWN BY PRICE CATEGORY YEAR TO DATE DECEMBER 2014
(This chart shows the percentage of the market represented by each price segment).
Properties priced at $2 million and above posted the largest gain of any price segment in 2014, with the number of closed units up 34% over 2013.
- The number of closings in December was the highest on record (2000 – 2014).
- Overall, median price increased 8% over 2013, the lowest year-over-year increase in the past three years.
The availability of properties priced under $250,000 continued to shrink as a percentage of total sales, down to 41% of all closings from 51% at theend of 2013. Average sales price in this category increased 6%.
- The number of sales pended in December is the highest on record for the month.
December pended sales decreased slightly from December 2013 in the Naples market (down 4%) but increased 20% over prior year in the BonitaSprings / Estero area.
On January 1, 2015, available inventory in the combined Naples, Bonita Springs, Estero market stands at 5,072 units (2,796 single family homesand 2,276 condominiums). This is a 10% decrease from January 1, 2014, and represents a 4.6 month supply based on the number of closings inthe past 12 months.
Total inventory in the Naples market is down 6% from prior year, with single family homes up slightly (4%) and condominiums down 17%. In theBonita Springs / Estero area, available supply decreased 20% with decreases in both single family and condominium product.
“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.”