Overall Closed Sales of homes in Collier County of existing homes increased 62% to 1,307 up from 807 Closed Sales in February 2020. Analysts were not surprised, Buyers were getting under contract on homes almost as soon as they became Active onto the market. Inventory fee 68.8% to 2,224 in February 2021 as compared to… [Read More]
Market Statistics
January 2021 Market Report
January was a bang of a beginning for the real estate market in Naples with a 38.5% increase in overall Pending Sales at 2,210 up from 1,359 from the previous year. Closed Sales in the month increased 49.7% to 1,109 from 741 in January 2020, with only 2.6 months of real estate inventory available by… [Read More]
December 2020 Market Report
Pending home sales in the Naples area jumped 88.6% to 1,535 Pending Sales from 814 in December 2019. There was a 65% increase in showings during December which averaged out to 10 showings per listing. Inventory is still very low, not meeting Buyer demand. Available homes decreased 49.1% to 3,140 homes as compared to 6,163… [Read More]
November 2020 Market Report
Strong demand is creating increases in close prices of homes here in Naples. There are multiple factors driving this: Buyers coming from out of state, Buyers locally taking advantage of low interest rates and upgrading their homes. Closed sales for the overall market increased 58.8% as compared to November 2019. There were 36,508 showings for… [Read More]
October 2020 Market Report
Buyers looking to get a jump on the Naples winter season are seeing that the reduced inventory, increase in multiple bids and the number of Closed Sales showcase the strong demand for homes in Naples. Close Sales increased 65.2% in October 2020 as compared to October 2019. Overall market inventory decreased 33.8%, Pending Sales increased… [Read More]
September 2020 Market Report
Naples Realtors were very busy in September 2020. Closed Sales increased 52.9% to 1,096 Closed Sales compared to 717 Closed Sales in September 2019. This is a departure from the normal seasonality of the Naples real estate market. September is usually a quiet month for Realtors. “I believe that the pandemic pushed some people to… [Read More]
August 2020 Market Report
August home sales continued to surge upwards in our Naples market. This summer’s Closed Sales have eclipsed the ‘season’ Closed Sales numbers. There was a 35.2% increase in overall Closed Sales, with Buyers preference for single family homes tilting the scales with an increase in 76.4%. “Increased Buyer demand is helping to move some of… [Read More]
July 2020 Market Report
The Naples real estate market continued full steam ahead during the month of July. Pending Sales increased 57.3% when compared to July 2019. The demand for homes, especially single family homes, has surged due to buyers seeking to leave the colder more densely populated areas of the county for the wonderful, low density, coastal lifestyle… [Read More]
June 2020 Market Report
The Naples real estate market shows its strength once again in the June 2020 activity. Pending Sales of single family homes increased 89% to 835 Pending Sales as compared to 454 Pending Sales in June 2019. Pending Sales of condominiums increased 38.7% to 634 compared to 457 in June 2019. While the pandemic did cause… [Read More]
May 2020 Naples Market Report
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]
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]
January 2020 Market Statistics
Inventory in January 2020 had a 26% decrease to 5,761 properties as compared to 7,773 properties in January 2019. Yet overall closed sales has many broker analysts optimistic that continued strong sales activity can be expected through the first quarter. Collier County gained 360 more listings in January 2020 than what was available in December… [Read More]
December 2019 and Year End Market Statistics
According to the Year End Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales here in Collier County (excluding Marco Island), existing home sales through December 2019 are the highest in a decade. Closed sales in 2019 increased 5.6% overall as compared to 2018. The only other… [Read More]
November 2019 Market Statistics
November 2019 saw an increase of 27% in the pending sales (homes under contract) and a 46% increase in the number of showing of active properties as compared to November 2018. This reflects in more buyers coming to town, experiencing our beaches, our restaurants and events and deciding to purchase before the traditional high season… [Read More]
October 2019 Market Statistics
Real Estate activity began to rise in October with a significant 23.7% increase in overall pending sales. This brought the total to 987 homes under contract in 2019 as compared to 798 homes under contract in October 2018. There was a surge in home showings and price reductions slowed. Our own listings saw an increased… [Read More]
September 2019 Market Statistics
The Naples area market enjoyed a 7% increase in overall closed homes sales for the 3rd month in a row. This suggests that Collier County is becoming less of a seasonal destination for residents and second home buyers. Showings in September 2019 were up 31% as compared to September 2018. This led to a 13.7%… [Read More]
August 2019 Market Statistics
Sales of homes in Collier County increased 7.4% in August 2019 as inventory fell 17.8% to 4,917 properties compared to 5,980 in August 2018. This showcases a six month supply of ‘inventory’ for Collier County. Inventory, traditionally, begins to creep up in September, October and November as many sellers try to get a jump start… [Read More]
July 2019 Market Statistics
The rise in showing activity in June led to an uptick in the closed sales in July, which increased 7.1% to 829 closed sales compared to 774 closed sales in July 2018. Despite a 14.8% decrease in home inventory, the overall median closed prices have not increased, according to the Naples Area Board of Realtors®… [Read More]
June 2019 Market Statistics
The June 2019 Market Report released by the Naples Area Board of Realtors® (NABOR®) revealed that 500 potential buyers were shown homes every day in Collier County (excluding Marco Island). Naples was recently voted the number one “boomtown”. While there is still 6.9 months of inventory available in Naples, above the Florida statewide average of… [Read More]
May 2019 Market Statistics
May 2019 real estate figures show that there has been a shift in the market from high-end homes near the beach to homes under $500,000 further east away from the Gulf of Mexico. Closed sales overall in May 2019 numbered 1,165 as compared to 1,061 in May 2018, an increase of 9.8%. Closed sales were… [Read More]
April 2019 Market Statistics
Closed sales during April in the Naples area increased 12.8% from 1,027 properties in April 2018 to 1.158 properties in April 2019. These reflect strong sales in both the single family and condominium markets. “Sales were up 17% in April over March, and March’s sales were higher than February. I believe we have reason to… [Read More]
March 2019 Market Statistics
The median closed price of homes decreased 5.6% from $360,000 in March 2018 to $340,000 in March 2019. This was due in large part to an increase in the amount of inventory in our area. An increase in the number of closed sales for homes priced under $500,000 occurred during the last year. The overall… [Read More]
February 2019 Market Statistics
The housing market inventory increased 7% in February 2019. 7,442 homes as compared to 6,912 in February 2018. A 4% decrease in the overall median closed price was recorded from 2018 to 2019. $335,000.00 in February 2019 as compared to $350,000.00 in February 2018. Home buyers appear to be carefully evaluating their options as there… [Read More]
December 2018 Naples Market Statistics
Naples closed out the 2018 market with impressive statistics in all areas of the market. An 11% increase in total closed sales and a 14% increase in inventory compared to 2017. Prices held steady in 2018 with only a 3% increase in the median closed price. Homes over $1million drove the market in 2018, especially… [Read More]
November 2018 Naples Housing Market
Closed Sales in November increased 12% in homes priced under $1million compared to November 2017. Every price category has increased by double digits. Homes under $300,000 showed the most impressive activity, where Sales increased 30% as compared to 2017. We haven’t seen this level of inventory going into season in six years, according to Jeff… [Read More]