January 2019 Market Statistics

The Real Estate Market in Naples is going strong! Inventory levels increased from 7605 from January 2018 to 8154 homes for sales in January 2019. Buyers are happy to hear that the median price of homes sales increased 1% from January 2018 to January 2019.
The stock market falling in December 2018 may have contributed to delays in potential Buyers moving forward on a purchase. While high end homes increased 21% in the single family home inventory and 18% in the condominium market, overall closed sales decreased 6% from 2018 to 2019.
These numbers do not capture accurately ALL the new construction home sales in the area. New home construction is ‘tempering price increases in many areas of the resale market’ according to Cindy Carroll of Carroll & Carroll Appraisers & Consultants, LLC. The Board of Realtors in Naples is working on having more builders use the Multiple Listing Services to reflect more data in the marketplace.
There are some very good deals out there. Prices have remained relatively constant in the single family home and condominium markets, despite their being an increase in inventory. These prices are expected to remain stable for the next 12 months. Most of the increase in Inventory is in Eastern Collier County and Ave Maria. The ‘finite’ availability of homes ‘on or close to the water’ means that this market is going strong with markedly shorter days on market and final sales prices closer to asking price.
Contact HOUSEofNaples.com at 239-784-7844 to receive an in depth analysis of your home and to learn about the Naples market. We look forward to working with you.