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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Reduced$299,0004 BEDS2 BATHS1483 SQFT
Lely
Courtesy of The Closing Experts Realty LLC
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New$825,0004 BEDS3 BATHS2143 SQFT
Naples Reserve
Courtesy of Premiere Plus Realty Company
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New$1,250,0005 BEDS4 BATHS1817 SQFT
Naples Park
Courtesy of John R Wood Properties
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New$309,9002 BEDS2 BATHS1215 SQFT
Old Cypress
Courtesy of Current Property Management
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New$2,395,0003 BEDS3 BATHS2963 SQFT
Isles Of Collier Preserve
Courtesy of Engel&Voelkers Naples Bonita
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New$3,595,0004 BEDS5 BATHS4833 SQFT
Quail West
Courtesy of John R Wood Properties
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New$875,0004 BEDS3 BATHS2428 SQFT
Imperial Golf Estates
Courtesy of Compass Florida LLC
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New$545,0004 BEDS2 BATHS1416 SQFT
Naples Manor
Courtesy of Premier Sotheby's Int'l Realty
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New$539,9003 BEDS2 BATHS1604 SQFT
Golden Gate Estates
Courtesy of Premiere Plus Realty Company
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New$335,0002 BEDS2 BATHS1246 SQFT
Winterpark
Courtesy of Premier Sotheby's Int'l Realty
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New$595,0003 BEDS2 BATHS1738 SQFT
Trail Acres
Courtesy of Premier Sotheby's Int'l Realty
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New$789,0002 BEDS2 BATHS1910 SQFT
Winding Cypress
Courtesy of Coldwell Banker Realty
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