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Naples Florida Monthly Real Estate Market Update – December 2019

Naples Florida Real Estate Market News –
December 2019

 

 

 

 

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending December 31, 2019 for the Naples, Bonita Springs and Estero Area was relatively unchanged year-over-year (7,596 vs 7,074).
  • There were 37 closed sales, priced above two million, in December 2019 compared to 22 in December 2018 a 68% increase. During the 12 months ending December 31, 2019, sales in this category decreased 3% over the same time period in 2018 (409 vs 396). 

NEW LISTINGS / INVENTORY

  • During the 12 months ending December 31, 2019, a total of 11,307 new listings were added to the market, this is a 4% decrease vs the same time period 12 months ending December 31, 2018.
  • Available inventory as of December 31, 2019 consisted of 4,700 units, a decrease of 11% vs the same time period in 2018. Current inventory represents 7 months of supply based on current absorption rates. 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $660,112 which remained relatively the same with a decrease of 2% vs the same time period in 2018.
  • The median sales price for the area decreased less than 2% to $386,940 from $391,317 in 2018. 

 

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending December 31, 2019 for the Naples, Bonita Springs and Estero Area was relatively unchanged year-over-year (5,991 vs 5,926). 
  • There were 8 closed sales priced above two million in December 31, 2019, 27% fewer than December 2018. During the 12 months ending December 31, 2019, sales in this category were relatively unchanged vs the same time period in 2018 (152 vs 147 units). 

NEW LISTINGS / INVENTORY

  • During the 12 months ending December 31, 2019, a total of 8,689 new listings were added to the market, a 7% decrease vs the same time period 12 months ending December 31, 2018. 
  • Available inventory as of December 31, 2019 consisted of 3,694 units, a decrease of 14% vs the same time period in 2018. Current inventory represents 7 months of supply based on current absorption rates. 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $405,000, a decrease of 4% vs the same time period in 2018. 
  • The median sales price for the area increased 3% to $256,500 vs 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.”