Are you looking to buy a Naples property now or in the future?

Great, you’re in the right place! Check below for new updates relevant to your buying decisions in the Naples area. Here you’ll find up-to-date information about the Naples community and our real estate market.  You will also find tips for buying real estate in Naples, Florida.

If you would like to contact me directly, please call (239)289-2650 or e-mail me at Dustin@DustinBeard.com.

No Comments

Naples Florida Monthly Real Estate Market Update – November 2018 – LUXURY MARKET

Naples Florida Real Estate Market News –
November 2018

LUXURY MARKET

 

 

 

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending November 30, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 10% year-over-year (369 vs 336).

NEW LISTINGS / INVENTORY

  • During the 12 months ending November 30, 2018, a total of 667 new listings were added to the market, this is approximately 10% more listings than the same time period 12 months ending November 30, 2017.
  • Available inventory as of November 30, 2018 consisted of 397 units, an increase of 4% vs the same time period in 2017. Current inventory represents 12 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $3,402,141, which increased 7% vs the same time period in 2017.
  • The median sales price for the area increased 16% to $2,672,500 vs 2017.

 

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending November 30, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 36% year-over-year (461 vs 340).

NEW LISTINGS / INVENTORY

  • During the 12 months ending November 30, 2018, a total of 678 new listings were added to the market, an increase of approximately 18% vs the same time period, 12 months ending November 30, 2017.
  • Available inventory as of November 30, 2018 consisted of 350 units, a decrease of 5% vs the same time period in 2017. 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 $1,936,501, an increase of 5% vs the same time period in 2017.
  • The median sales price for the area increased 11% to $1,550,000 vs 2017.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 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.”

No Comments

Naples Florida Monthly Real Estate Market Update – November 2018

Naples Florida Real Estate Market News –
November 2018

 

 

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending November 30, 2018 for the Naples, Bonita Springs and Estero area increased 2% year-over-year (7,008 vs 6,872).
  • There were 20 closed sales, priced above two million, in November 2018 compared to 24 in November 2017. During the 12 months ending November 30, 2018, sales in this category increased 12% over the same time period in 2017 (406 vs 364).

NEW LISTINGS / INVENTORY

  • During the 12 months ending November 30, 2018, a total of 11,644 new listings were added to the market, this is 9% more listings than the same time period, 12 months ending November 30, 2017.
  • Available inventory as of November 30, 2018 consisted of 5,171 units, an increase of 10% vs the same time period in 2017. 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 $669,611 which improved over the same time period in 2017, representing an increase of 6%.
  • The median sales price for the area decreased 2% to $381,250 vs $390,000 in 2017.

 

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending November 30, 2018 for the Naples, Bonita Springs and Estero area increased 9% year-over-year (5,886 vs 5,416).
  • There were 9 closed sales, priced above two million, in November 2018 compared to 5 in November 2017, an 80% increase. During the 12 months ending November 30, 2018, sales in this category increased 27% over the same time period in 2017 (148 vs 117 units).

NEW LISTINGS / INVENTORY

  • During the 12 months ending November 30, 2018, a total of 9,269 new listings were added to the market, approximately 6% more listings than the same time period 12 months ending November 30, 2017.
  • Available inventory as of November 30, 2018 consisted of 4,175 units, an increase of less than 1% vs the same time period in 2017. Current inventory represents 9 months of supply based on current absorption rate.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $423,187, which improved over the same time period in 2017, representing an increase of 8%.
  • The median sales price stayed the same at $233,000 vs 2017.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 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.”

No Comments

Naples Florida Monthly Real Estate Market Update – October 2018 – LUXURY MARKET

Naples Florida Real Estate Market News –
October 2018

LUXURY MARKET

 

 

 

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending October 31, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 12% year-over-year (364 vs 325).

NEW LISTINGS / INVENTORY

  • During the 12 months ending October 31, 2018, a total of 663 new listings were added to the market, this is approximately 8% more listings than the same time period 12 months ending October 31, 2017.
  • Available inventory as of October 31, 2018 consisted of 367 units, an increase of 1% vs the same time period in 2017. Current inventory represents 12 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $3,312,385, which increased 1% vs the same time period in 2017.
  • The median sales price for the area increased 65% to $2,800,000 vs 2017.

 

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending October 31, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 31% year-over-year (449 vs 343).

NEW LISTINGS / INVENTORY

  • During the 12 months ending October 31, 2018, a total of 668 new listings were added to the market, an increase of approximately 16% vs the same time period, 12 months ending October 31, 2017.
  • Available inventory as of October 31, 2018 consisted of 318 units, a decrease of 3% vs the same time period in 2017. Current inventory represents 8 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $1,894,217, a decrease of 3% vs the same time period in 2017.
  • The median sales price for the area increased 7% to $1,614,125 vs 2017.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 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.”

No Comments

Naples Florida Monthly Real Estate Market Update – October 2018

Naples Florida Real Estate Market News –
October 2018

 

 

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending October 31, 2018 for the Naples, Bonita Springs and Estero area remained relatively the same, with an increase of less than 1% year-over-year (6,960 vs 6,913).
  • There were 21 closed sales, priced above two million, in October 2018 compared to 17 in October 2017. During the 12 months ending October 31, 2018, sales in this category increased 14% over the same time period in 2017 (410 vs 361).

NEW LISTINGS / INVENTORY

  • During the 12 months ending October 31, 2018, a total of 11,598 new listings were added to the market, this is 9% more listings than the same time period, 12 months ending October 31, 2017.
  • Available inventory as of October 31, 2018 consisted of 4,885 units, an increase of 11% vs the same time period in 2017. Current inventory represents 8 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $666,781 which improved over the same time period in 2017, representing an increase of 6%.
  • The median sales price for the area increased 2% to $397,500 vs $390,000 in 2017.

 

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending October 31, 2018 for the Naples, Bonita Springs and Estero area increased 5% year-over-year (5,798 vs 5,490).
  • There were 10 closed sales, priced above two million, in October 2018 compared to 8 in October 2017, a 20% increase. During the 12 months ending October 31, 2018, sales in this category increased 19% over the same time period in 2017 (143 vs 120 units).

NEW LISTINGS / INVENTORY

  • During the 12 months ending October 31, 2018, a total of 9,243 new listings were added to the market, approximately 5% more listings than the same time period 12 months ending October 31, 2017.
  • Available inventory as of October 31, 2018 consisted of 3,861 units, an increase of 4% vs the same time period in 2017. 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 $417,910, which improved over the same time period in 2017, representing an increase of 6%.
  • The median sales price for the area increased 13% to $249,990 vs 2017.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 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.”

No Comments

Naples Florida Monthly Real Estate Market Update – September 2018 – LUXURY MARKET

Naples Florida Real Estate Market News –
September 2018

LUXURY MARKET

 

 

 

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending September 30, 2018 for the Naples, Bonita Springs and Estero area remained relatively the same, with a decrease of less than 1% year-over-year (6,885 vs 6,908).
  • There were 27 closed sales, priced above two million, in September 2018 compared to 13 in September 2017. During the 12 months ending September 30, 2018, sales in this category increased 13% over the same time period in 2017 (404 vs 359).

NEW LISTINGS / INVENTORY

  • During the 12 months ending September 30, 2018, a total of 11,276 new listings were added to the market, this is 4% more listings than the same time period, 12 months ending September 30, 2017.
  • Available inventory as of September 30, 2018 consisted of 4,554 units, an increase of 5% vs the same time period in 2017. Current inventory represents 8 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $664,142 which improved over the same time period in 2017, representing an increase of 6%.
  • The median sales price for the area decreased 4% to $379,995 vs $395,450 in 2017.

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending September 30, 2018 for the Naples, Bonita Springs and Estero area increased 4% year-over-year (5,744 vs 5,504).
  • There were 6 closed sales, priced above two million, in September 2018 compared to 7 in September 2017, a 14% decrease. During the 12 months ending September 30, 2018, sales in this category increased 22% over the same time period in 2017 (141 vs 116 units).

NEW LISTINGS / INVENTORY

  • During the 12 months ending September 30, 2018, a total of 9,131 new listings were added to the market, approximately 5% more listings than the same time period 12 months ending September 30, 2017.
  • Available inventory as of September 30, 2018 consisted of 3,494 units, an increase of 1% vs the same time period in 2017. Current inventory represents 7 months of supply based on current absorption rate.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $416,462, which improved over the same time period in 2017, representing an increase of 5%.
  • The median sales price for the area remained relatively the same with an increase of 2% to $225,900 vs 2017.

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending September 30, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 13% year-over-year (362 vs 319).

NEW LISTINGS / INVENTORY

  • During the 12 months ending September 30, 2018, a total of 628 new listings were added to the market, this is approximately 1% fewer listings than the same time period 12 months ending September 30, 2017.
  • Available inventory as of September 30, 2018 consisted of 326 units, a decrease of 9% vs the same time period in 2017. Current inventory represents 11 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $3,235,245, which decreased 4% vs the same time period in 2017.
  • The median sales price for the area increased 39% to $2,725,000 vs 2017.

 

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending September 30, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 32% year-over-year (445 vs 336).

 

NEW LISTINGS / INVENTORY

  • During the 12 months ending September 30, 2018, a total of 652 new listings were added to the market, an increase of approximately 11% vs the same time period, 12 months ending September 30, 2017.
  • Available inventory as of September 30, 2018 consisted of 265 units, a decrease of 14% vs the same time period in 2017. 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 $1,898,511, a decrease of 4% vs the same time period in 2017.
  • The median sales price for the area decrease 14% to $1,536,250 vs 2017.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 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.”

No Comments

Naples Florida Monthly Real Estate Market Update – September 2018

Naples Florida Real Estate Market News –
September 2018

 

 

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending September 30, 2018 for the Naples, Bonita Springs and Estero area remained relatively the same, with a decrease of less than 1% year-over-year (6,885 vs 6,908).
  • There were 27 closed sales, priced above two million, in September 2018 compared to 13 in September 2017. During the 12 months ending September 30, 2018, sales in this category increased 13% over the same time period in 2017 (404 vs 359).

NEW LISTINGS / INVENTORY

  • During the 12 months ending September 30, 2018, a total of 11,276 new listings were added to the market, this is 4% more listings than the same time period, 12 months ending September 30, 2017.
  • Available inventory as of September 30, 2018 consisted of 4,554 units, an increase of 5% vs the same time period in 2017. Current inventory represents 8 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $664,142 which improved over the same time period in 2017, representing an increase of 6%.
  • The median sales price for the area decreased 4% to $379,995 vs $395,450 in 2017.

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending September 30, 2018 for the Naples, Bonita Springs and Estero area increased 4% year-over-year (5,744 vs 5,504).
  • There were 6 closed sales, priced above two million, in September 2018 compared to 7 in September 2017, a 14% decrease. During the 12 months ending September 30, 2018, sales in this category increased 22% over the same time period in 2017 (141 vs 116 units).

NEW LISTINGS / INVENTORY

  • During the 12 months ending September 30, 2018, a total of 9,131 new listings were added to the market, approximately 5% more listings than the same time period 12 months ending September 30, 2017.
  • Available inventory as of September 30, 2018 consisted of 3,494 units, an increase of 1% vs the same time period in 2017. Current inventory represents 7 months of supply based on current absorption rate.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $416,462, which improved over the same time period in 2017, representing an increase of 5%.
  • The median sales price for the area remained relatively the same with an increase of 2% to $225,900 vs 2017.

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending September 30, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 13% year-over-year (362 vs 319).

NEW LISTINGS / INVENTORY

  • During the 12 months ending September 30, 2018, a total of 628 new listings were added to the market, this is approximately 1% fewer listings than the same time period 12 months ending September 30, 2017.
  • Available inventory as of September 30, 2018 consisted of 326 units, a decrease of 9% vs the same time period in 2017. Current inventory represents 11 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $3,235,245, which decreased 4% vs the same time period in 2017.
  • The median sales price for the area increased 39% to $2,725,000 vs 2017.

 

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending September 30, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 32% year-over-year (445 vs 336).

 

NEW LISTINGS / INVENTORY

  • During the 12 months ending September 30, 2018, a total of 652 new listings were added to the market, an increase of approximately 11% vs the same time period, 12 months ending September 30, 2017.
  • Available inventory as of September 30, 2018 consisted of 265 units, a decrease of 14% vs the same time period in 2017. 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 $1,898,511, a decrease of 4% vs the same time period in 2017.
  • The median sales price for the area decrease 14% to $1,536,250 vs 2017.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 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.”

No Comments

Naples Florida Monthly Real Estate Market Update – August 2018 – LUXURY MARKET

Naples Florida Real Estate Market News –
August 2018

LUXURY MARKET

 

 

 

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending August 31, 2018 for the Naples, Bonita Springs and Estero area decreased 5% year-over-year (6,770 vs 7,088).
  • There were 14 closed sales, priced above two million, in August 2018 compared to 24 in August 2017. During the 12 months ending August 31, 2018, sales in this category increased 8% over the same time period in 2017 (390 vs 361).

 

NEW LISTINGS / INVENTORY

  • During the 12 months ending August 31, 2018, a total of 10,828 new listings were added to the market, this is 5% fewer listings than the same time period, 12 months ending August 31, 2017.
  • Available inventory as of August 31, 2018 consisted of 4,569 units, a decrease of 2% vs the same time period in 2017. Current inventory represents 8 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $663,604 which improved over the same time period in 2017, representing an increase of 7%.
  • The median sales price for the area increased 7% to $390,000 vs $372,500 in 2017.

 

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending August 31, 2018 for the Naples, Bonita Springs and Estero area remained relatively the same, with an increase of 1% year-over-year (5,649 vs 5,591).
  • There were 6 closed sales, priced above two million, in August 2018 compared to 3 in August 2017, a 100% increase. During the 12 months ending August 31, 2018, sales in this category increased 23% over the same time period in 2017 (142 vs 115 units).

 

NEW LISTINGS / INVENTORY

  • During the 12 months ending August 31, 2018, a total of 8,802 new listings were added to the market, approximately 3% fewer listings than the same time period 12 months ending August 31, 2017.
  • Available inventory as of August 31, 2018 consisted of 3,517 units, a decrease of 5% vs the same time period in 2017. Current inventory represents 7 months of supply based on current absorption rate.

 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $414,633, which improved over the same time period in 2017, representing an increase of 5%.
  • The median sales price for the area remained relatively the same with an increase of 1% to $243,750 vs 2017.

LUXURY MARKET $1M+ (WEST OF 41)

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending August 31, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 29% year-over-year (441 vs 341).

 

NEW LISTINGS / INVENTORY

  • During the 12 months ending August 31, 2018, a total of 639 new listings were added to the market, an increase of approximately 6% vs the same time period, 12 months ending August 31, 2017.
  • Available inventory as of August 31, 2018 consisted of 310 units, a decrease of 14% vs the same time period in 2017. Current inventory represents 11 months of supply based on current absorption rates.

 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $3,322,883, which decreased 2% vs the same time period in 2017.
  • The median sales price for the area decreased 5% to $2,537,500 vs 2017.

 

LUXURY MARKET $1M+ (WEST OF 41)

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending August 31, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 29% year-over-year (441 vs 341).

 

NEW LISTINGS / INVENTORY

  • During the 12 months ending August 31, 2018, a total of 639 new listings were added to the market, an increase of approximately 6% vs the same time period, 12 months ending August 31, 2017.
  • Available inventory as of August 31, 2018 consisted of 260 units, a decrease of 60% vs the same time period in 2017. 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 $1,891,252, a decrease of 4% vs the same time period in 2017.
  • The median sales price for the area increase 17% to $1,687,500 vs 2017.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 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.”

No Comments

Naples Florida Monthly Real Estate Market Update – August 2018

Naples Florida Real Estate Market News –
August 2018

 

 

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES
CLOSED SALES

  • The number of closed sales in the 12 months ending August 31, 2018 for the Naples, Bonita Springs and Estero area decreased 5% year-over-year (6,770 vs 7,088).
  • There were 14 closed sales, priced above two million, in August 2018 compared to 24 in August 2017. During the 12 months ending August 31, 2018, sales in this category increased 8% over the same time period in 2017 (390 vs 361).

 

NEW LISTINGS / INVENTORY

  • During the 12 months ending August 31, 2018, a total of 10,828 new listings were added to the market, this is 5% fewer listings than the same time period, 12 months ending August 31, 2017.
  • Available inventory as of August 31, 2018 consisted of 4,569 units, a decrease of 2% vs the same time period in 2017. Current inventory represents 8 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $663,604 which improved over the same time period in 2017, representing an increase of 7%.
  • The median sales price for the area increased 7% to $390,000 vs $372,500 in 2017.

 

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending August 31, 2018 for the Naples, Bonita Springs and Estero area remained relatively the same, with an increase of 1% year-over-year (5,649 vs 5,591).
  • There were 6 closed sales, priced above two million, in August 2018 compared to 3 in August 2017, a 100% increase. During the 12 months ending August 31, 2018, sales in this category increased 23% over the same time period in 2017 (142 vs 115 units).

 

NEW LISTINGS / INVENTORY

  • During the 12 months ending August 31, 2018, a total of 8,802 new listings were added to the market, approximately 3% fewer listings than the same time period 12 months ending August 31, 2017.
  • Available inventory as of August 31, 2018 consisted of 3,517 units, a decrease of 5% vs the same time period in 2017. Current inventory represents 7 months of supply based on current absorption rate.

 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $414,633, which improved over the same time period in 2017, representing an increase of 5%.
  • The median sales price for the area remained relatively the same with an increase of 1% to $243,750 vs 2017.

LUXURY MARKET $1M+ (WEST OF 41)

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending August 31, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 29% year-over-year (441 vs 341).

 

NEW LISTINGS / INVENTORY

  • During the 12 months ending August 31, 2018, a total of 639 new listings were added to the market, an increase of approximately 6% vs the same time period, 12 months ending August 31, 2017.
  • Available inventory as of August 31, 2018 consisted of 310 units, a decrease of 14% vs the same time period in 2017. Current inventory represents 11 months of supply based on current absorption rates.

 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $3,322,883, which decreased 2% vs the same time period in 2017.
  • The median sales price for the area decreased 5% to $2,537,500 vs 2017.

 

LUXURY MARKET $1M+ (WEST OF 41)

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending August 31, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 29% year-over-year (441 vs 341).

 

NEW LISTINGS / INVENTORY

  • During the 12 months ending August 31, 2018, a total of 639 new listings were added to the market, an increase of approximately 6% vs the same time period, 12 months ending August 31, 2017.
  • Available inventory as of August 31, 2018 consisted of 260 units, a decrease of 60% vs the same time period in 2017. 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 $1,891,252, a decrease of 4% vs the same time period in 2017.
  • The median sales price for the area increase 17% to $1,687,500 vs 2017.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 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.”

No Comments

Naples Florida Monthly Real Estate Market Update – July 2018 – LUXURY MARKET

Naples Florida Real Estate Market News –
July 2018

LUXURY MARKET

 

 

 

SINGLE FAMILY

CLOSED SALES

  • The number of closed sales in the 12 months ending July 31, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 15% year-over-year (361 vs 313).

 

NEW LISTINGS/INVENTORY

  • During the 12 months ending July 31, 2018, a total of 613 new listings were added to the market, this is approximately 8% fewer listings than the same time period 12 months ending July 31, 2017.
  • Available inventory as of July 31, 2018 consisted of 342 units, a decrease of 15% vs the same time period in 2017. Current inventory represents 11 months of supply based on current absorption rates.

 

AVERAGE AND MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $3,278,941, which increased 3% vs the same time period in 2017.
  • The median sales price for the area increased 3% to $2,360,000 vs 2017.

 



CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending July 31, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 28% year-over-year (438 vs 342).

 

NEW LISTINGS/INVENTORY

  • During the 12 months ending July 31, 2018, a total of 652 new listings were added to the market, an increase of approximately 14% vs the same time period, 12 months ending July 31, 2017.
  • Available inventory as of July 31, 2018 consisted of 262 units, a decrease of 14% vs the same time period in 2017. Current inventory represents 7 months of supply based on current absorption rates.

 

AVERAGE AND MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $1,914,319, a decrease of 2% vs the same time period in 2017.
  • The median sales price for the area increase 15% to $1,687,500 vs 2017. 

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 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.”

No Comments

Naples Florida Monthly Real Estate Market Update – July 2018

Naples Florida Real Estate Market News –
July 2018

 

 

SINGLE FAMILY

CLOSED SALES

  • The number of closed sales in the 12 months ending July 31, 2018 for the Naples, Bonita Springs and Estero area decreased 5% year-over-year (5,962 vs 6,291).
  • There were 25 closed sales, priced above two million, in July 2018 compared to 28 in July 2017. During the 12 months ending July 31, 2018, sales in this category increased 13% over the same time period in 2017 (395 vs 351).

 

NEW LISTINGS/INVENTORY

  • During the 12 months ending July 31, 2018, a total of 9,527 new listings were added to the market, this is 6% fewer listings than the same time period, 12 months ending July 31, 2017.
  • Available inventory as of July 31, 2018 consisted of 4,170 units, a decrease of 3% vs the same time period in 2017. Current inventory represents 8 months of supply based on current absorption rates.

 

AVERAGE AND MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $703,028 which improved over the same time period in 2017, representing an increase of 12%.
  • The median sales price for the area increased 9% to $398,850 vs $365,000 in 2017.

 


CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending July 31, 2018 for the Naples, Bonita Springs and Estero area remained relatively the same, with a decrease of 2% year-over-year (4,925 vs 5,020).
  • There were 6 closed sales, priced above two million, in July 2018 compared to 5 in July 2017, a 20% increase. During the 12 months ending July 31, 2018, sales in this category increased 17% over the same time period in 2017 (139 vs 119 units).

 

NEW LISTINGS/INVENTORY

  • During the 12 months ending July 31, 2018, a total of 7,942 new listings were added to the market, approximately 2% fewer listings than the same time period 12 months ending July 31, 2017.
  • Available inventory as of July 31, 2018 consisted of 3,348 units, a decrease of 2% vs the same time period in 2017. Current inventory represents 8 months of supply based on current absorption rate.

 

AVERAGE AND MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $436,411, which improved over the same time period in 2017, representing an increase of 6%.
  • The median sales price for the area remained relatively the same with an increase of less than 1% to $246,250 vs 2017. 

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 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.”