Naples Real Estate Activity
Naples real estate activity continues to be strong as the most recent market report (August 2018) indicates a five percent increase in sales over the same period last year. While that bodes well for home sellers, there’s some good news for buyers in that inventory in Collier County has also slightly increased by two percent. The stats reported by the Naples Area Board of Realtor are consistent with annual August trends which have traditionally shown increases in inventory as home sellers prepare to greet potential buyers that arrive with the winter season. It is anticipated inventory will increase even further over the weeks ahead. At present, the majority of the new inventory involves single-family homes priced under $500k.
In terms of other Naples real estate activity, a significant increase in closed sales involves condominiums. August data reflect a 28% increase in condominium sales. Now overall, pending sales for August are down three percent, but with respect to condos priced from $500,000 to $1million, are up an amazing 28%. If you’re thinking about selling your condo, there is great demand! Pending sales of single-family homes priced above $300,000 increased in August, and for those priced at $2million or above, there was a remarkable 62 percent increase. Overall median closed prices are down by some three percent in this period vs last year. But again, Naples real estate activity involving condos show prices increased in the $500,00 to $1 million category. The chart below helps break to break it all down.
Naples Real Estate Activity Through August 2018
Naples Homes and Condos for Sale
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New$2,748,8005 BEDS4 BATHS4674 SQFT
Quail Creek
Courtesy of McQuaid & Company LLC
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New$1,428,8003 BEDS3 BATHS3223 SQFT
Quail Creek
Courtesy of McQuaid & Company LLC
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New$1,075,0004 BEDS3 BATHS2830 SQFT
Raffia Preserve
Courtesy of Downing Frye Realty Inc.
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New$725,0004 BEDS3 BATHS2583 SQFT
Waterways Of Naples
Courtesy of Downing Frye Realty Inc.
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New$675,0003 BEDS2 BATHS1969 SQFT
Heritage Greens
Courtesy of Clever Home Selling
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New$2,250,0002 BEDS2 BATHS1783 SQFT
Moorings
Courtesy of Premier Sotheby's Int'l Realty
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New$480,0002 BEDS2 BATHS1326 SQFT
Wiggins Bay
Courtesy of Phase III Real Estate Services
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New$585,0002 BEDS2 BATHS1509 SQFT
Sabal Lake
Courtesy of Port of the Islands Realty
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New$975,0003 BEDS3 BATHS2686 SQFT
Lely Resort
Courtesy of Premier Sotheby's Int'l Realty
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New$817,5003 BEDS3 BATHS1839 SQFT
Wyndemere
Courtesy of John R Wood Properties
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New$395,0002 BEDS2 BATHS1212 SQFT
Berkshire Lakes
Courtesy of Daane Properties LLC
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New$575,0002 BEDS2 BATHS1509 SQFT
Sabal Lake
Courtesy of Waterfront Realty Group Inc
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