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Naples Florida Monthly Real Estate Market Update – April 2019

Naples Florida Real Estate Market News –
April 2019

 

 

 

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending April 30, 2019 for the Naples, Bonita Springs and Estero area increased 3% year-over-year (7,017 vs 6,839). 
  • There were 56 closed sales, priced above two million, in April 2019 compared to 55 in April 2018 a 2% increase. During the 12 months ending April 30, 2019, sales in this category increased 20% over the same time period in 2018 (395 vs 330). 

NEW LISTINGS / INVENTORY

  • During the 12 months ending April 30, 2019, a total of 11,554 new listings were added to the market, this is 6% more listings than the same time period, 12 months ending April 30, 2018. 
  • Available inventory as of April 30, 2019 consisted of 5,988 units, an increase of 5% vs the same time period in 2018. Current inventory represents 10 months of supply based on current absorption rates. 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $673,474 which improved over the same time period in 2018, representing an increase of 3%. 
  • The median sales price for the area decreased 3% to $414,020 vs $425,000 in 2018. 

 

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending April 30, 2019 for the Naples, Bonita Springs and Estero area increased 3% year-over-year (5,776 vs 5,595). 
  • There were 26 closed sales, priced above two million, in April 2019 compared to 10 in April 2018 a 62% increase. During the 12 months ending April 30, 2019, sales in this category decreased 10% over the same time period in 2018 (128 vs 142 units). 

NEW LISTINGS / INVENTORY

  • During the 12 months ending April 30, 2019, a total of 9,048 new listings were added to the market, approximately 2% more listings than the same time period 12 months ending April 30, 2018. 
  • Available inventory as of April 30, 2019 consisted of 4,875 units, a decrease of 1% vs the same time period in 2018. Current inventory represents 10 months of supply based on current absorption rate. 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $405,140, a decrease of 4% vs the same time period in 2018. 
  • The median sales price for the area increased 1% to $257,250 vs $255,000 in 2018. 

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2019 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.”