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 Jones a broker here in Naples, FL. The average days on market is also coming down which is a sign of better pricing.
Breaking down the Naples area geographically, the Naples Beach area (zip codes 34102, 34103 & 34108) Closed Sales decreased 19%, while in the North Naples area (zip codes 34109, 34110 & 34119) increased 12%.
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