Boca Palms a single family home neighborhood in North Naples had 3 sales with a median price of $475,000 in 2006.
During 2005, the median sold price was $446,250 for 8 homes.
The median price increased $28,750 in 2006 over 2005, or about 6.4%.
Autumn Woods Market Update 2006
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During calendar year 2006, Autumn Woods in the North Naples area saw 18 homes sold with a median price of $594,750.
This compares to 22 sales with a median sold price of $538,500 in calendar year 2005.
The increase in median price was an increase of $56,250 or about 10.4%.
Autumn Woods also has condominiums. The median price for 8 sold condos in 2005 was $357,000. During 2006 only one condo was sold for $440,000. Due to the lack of sales in 2006, it is difficult to approximate, the market value.
Avalon in Pelican Bay Market Update for 2006
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Here are the comparative 2006 and 2005 statistics for Avalon in Pelican Bay. These statistics are only for condominiums, as Avalon does not have any single family homes. Median prices were used for list and sales prices.
|
Median |
2005 |
2006 |
% Change |
|
List Price |
$629,000 |
$614,500 |
-2.3% |
|
Sales Price |
$600,000 |
$572,500 |
-4.6% |
|
% of List Price |
95.4% |
93.2% |
-2.3% |
|
$/SQFT |
$391.63 |
$420.34 |
+7.3% |
|
Days on Market |
57 |
119 |
108.8% |
|
Sales Volume |
12 |
2 |
-83.3% |
Search for condos in Avalon in Pelican Bay and read an overview about the Pelican Bay community.
Pelican Bay Annual Market Update
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The median price paid for a residence in Pelican Bay during calendar 2006 was $1,200,000 versus the median price in 2005 it was $925,000. The increase in the median price was 29.7%. Increases during 2006 were not expected as the Naples real estate market started to turn to a balanced market in October 2005.
The median sold price includes both single family homes and condominiums.
Later this month median sold prices will be posted for the neighborhoods or communities within Pelican Bay.
For historical median sold prices from 2002 to present for Pelican Bay the figures can be found within my site.
Naples Real Estate Home Market 2006
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With start of 2007 it is important to glance back to see how the Naples real estate market for single family homes performed in 2006. The graph below shows how the market has swung from a strong buyer’s market to a seller’s market back to buyer’s market and finally into a seller’s market as of December.