As Florida entered Phase-2 of the Covid-19 pandemic regulations, pent up demand for home purchases reflected in an increase in showings of 244%. Prices held stable in spite of the Covid-19 impact. The year to date median closed price increase by 2.3%. Inventory decreased 27.2% as compared to May 2019 however there was a 6.5%… [Read More]
Archives for June 2020
April 2020 Naples Market Activity
Covid-19 slowed the real estate market as anticipated during Florida’s stay-at-home orders though real estate was deemed an essential service. Realtors® focused on implementing new strategies to comply with self-distancing practices for the welfare and safety of their staff, clients and the community. Media Closed Sale prices increased .3% in April to $340,000 from $339,000… [Read More]
March 2020 Naples Market Statistics
The Naples real estate market is not immune to the impact the Covid-19 pandemic has wrought in many industries. While home sales dropped, home prices remained steady. The stay-at-home order took effect in the middle of March, which reflects that activity was strong for the first two weeks of the month, while the second half… [Read More]
February 2020 Naples Market Statistics
The Naples market continues to be strong with an increase of 29% to 789 Closed Sales as compared to February 2019. Though this month began with the recommendations to practice self distancing, the housing market continues to show the desirability of a home in Naples, FL. Many Realtors® are working from home and using ‘virtual’… [Read More]