Naples Florida Real Estate Market News – February 2015

Naples Florida Real Estate Market News – February 2015

LISTED, PENDED, CLOSED YEAR TO DATE FEBRUARY 2015

LISTED, PENDED, CLOSED MONTH OF FEBRUARY 2015

BREAKDOWN BY PRICE CATEGORY YEAR TO DATE FEBRUARY 2015

(This chart shows the percentage of the market represented by each price segment).

CLOSED SALES

• Properties priced above $5 million posted the largest percentage gain in the number of closed units, up 48% over the previous 12 months (77 vs 52).
• Average sales price increased 6.6% over prior year following a 16% increase for February 2013 – February 2014.
• Closings for the month of February decreased approximately 10% from February 2014. This was driven largely by decreases in the $750,000 – $1million
  segment (down 30%) and the $2 million to $5 million range (down 35%).

• Pended sales for the month of February remained approximately the same as last year in the Naples market (up less than 2%), while Bonita Springs /

  Estero posted an 8% gain for the month.
• February pended sales are the highest on record for the month (2003 – 2015).

NEW LISTINGS/INVENTORY

• On March 1, 2015, available inventory in the combined Naples, Bonita Springs, Estero market stands at 5,400 units (3,152 single family homes and

  2,248 condominiums). This represents a 4.9 month supply, based on closings for the past 12 months and a 12% decrease from March 1, 2014.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2015 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.”