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Naples Florida Monthly Real Estate Market Update – December 2016

Naples Florida Real Estate Market News –
December 2016

12 Month Comparisons as of November 31, 2016

CLOSED SALES

There were 931 closed sales in the Naples, Bonita Springs and Estero market during the month of December. This represents 62 fewer sales than December 2015.

Total closed sales for the year in the area were 11,582, down 12% from annual sales in 2015.

Closed sales priced above $2 million fell 21% through December when compared with the same period in 2015 (379 vs. 481).

 

NEW LISTINGS/INVENTORY

Available inventory on January 1, 2017 consisted of 7,075 single family homes and condominiums, an increase of 38% over January 1, 2016 (5131).

During the month of December, there were 1,480 new listings added to the Naples, Bonita Springs and Estero market. This represents an increase of 8% over December 2015.

 

AVERAGE AND MEDIAN SALES PRICE

Average price of closed sales during the month of December was slightly lower than the prior year, while median closed price was up 4.6% for the period.

Average price of sales above $2 million remained relatively stable for the year, down less than 2% from $3,822,468 in 2015 to $3,754,469 in 2016.

 

MARCO ISLAND 

CLOSED SALES

A total of 843 residential sales and lots closed on Marco Island during 2016, down from 982 during 2015.

During the month of December, there were 93 closings, an increase of 24% over December 2015 when there were 75 closed.

 

NEW LISTINGS/INVENTORY

Available inventory on January 1, 2017 consisted of 737 units, compared to 654 units last month, and 606 on January 1, 2016.

During the year, 1,471 new listings were added to the market. This represents a 3.4% increase over the same period last year when there were 1,423 new listings.

 

AVERAGE AND MEDIAN SALES PRICE

Average price of closed sales in the Marco Island market during the month of December remained static with prior year, rising only 1.1%. Median pricing was up 3% for the month.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2016 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.  Naples Florida Monthly Real Estate Market Update is provided by Dustin Beard.”