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Naples Florida Monthly Real Estate Market Update – June 2019

Naples Florida Real Estate Market News –
June 2019

 

 

 

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending June 30, 2019 for the Naples, Bonita Springs and Estero area increased 5% year-over-year (7,126 vs 6,813). 
  • There were 39 closed sales, priced above two million, in June 2019 compared to 46 in June 2018 a 15% decrease. During the 12 months ending June 30, 2019, sales in this category increased 5% over the same time period in 2018 (421 vs 401). 

NEW LISTINGS / INVENTORY

  • During the 12 months ending June 30, 2019, a total of 11,550 new listings were added to the market, this is 6% more listings than the same time period, 12 months ending June 30, 2018. 
  • Available inventory as of June 30, 2019 consisted of 5,064 units, an increase of 2% vs the same time period in 2018. Current inventory represents 9 months of supply based on current absorption rates. 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $661,282 which decreased 1% over the same time period in 2018. 
  • The median sales price for the area decreased 8% to $375,000 vs $409,300 in 2018. 

 

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending June 30, 2019 for the Naples, Bonita Springs and Estero area increased 4% year-over-year (5,768 vs 5,564). 
  • There were 25 closed sales, priced above two million, in June 2019 compared to 24 in June 2018 a 4% increase. During the 12 months ending June 30, 2019, sales in this category increased 13% over the same time period in 2018 (156 vs 138 units). 

NEW LISTINGS / INVENTORY

  • During the 12 months ending June 30, 2019, a total of 8,963 new listings were added to the market, approximately 1% more listings than the same time period 12 months ending June 30, 2018. 
  • Available inventory as of June 30, 2019 consisted of 3,860 units, a decrease of 5% vs the same time period in 2018. Current inventory represents 8 months of supply based on current absorption rate. 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $411,437, a decrease of 1% vs the same time period in 2018. 
  • The median sales price for the area increased 1% to $250,000 vs $247,500 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.”