In order to determine Hurricane Irma’s impact on the Naples, FL real estate market, we need to compare the 4th quarter 2016; to the 4th quarter of 2017. Essentially, we have wait for the 4th quarter to be over. In the meantime, we are able to review the pending sales since Irma’s arrival on September 11th 2017 and it’s rather positive.
Currently, 14 out of 373 or 4% of single family homes in Naples priced at greater than $2,000,000 have gone to contract September 11th 2017.
There have been 18 closed sales for single family homes with list prices greater than $2M since Irma (albeit, all if not the majority were pending prior to Irma)
There have been 3 of the 120 of 2.5% of condominiums, townhouses and villas in Naples, FL to go to contract with list prices greater than $2,000,000 in the same period, with 10 closed sales since Irma.
The neighborhoods with the highest percentages of pending and closed sales since September 11th 2017:
7% – Talis Park
7% – Aqua at Pelican Isle
7% – Aqualane Shores
9% – Grey Oaks
9% – Park Shore
14% – Pelican Bay
25% – Old Naples
Please reach out to HouseofNaples.com with any questions about a particular address or neighborhood.