• Buyers of Naples condos are buying based upon the good prices of real estate as reflected by pending sales increasing to the highest levels in the past 48 months. Median sold price still below 2002 prices.

• Inventory of properties for sale continues decline

At the end of February, there were 3,460 condos for sale. Last February there were 4,047 condos for sale. This is 587 fewer condos or a reduction of about 16%. [Read more...]

Buyers are buying based upon the good prices of Naples real estate as reflected by pending sales increasing to the highest levels in the past 48 months. Median sold price still below 2002 prices.

Inventory of properties for sale continues decline. Second month of double digit percentage increase in the median sold price of single family homes in year over year comparison.

At the end of February, there were 2,864 single family homes for sale. Last February there were 3,709 homes for sale. The reduction is about 23% or 845 fewer homes on the market. [Read more...]

Florida’s real estate market is entering 2012 on an upward trend including Naples, according to three leading U.S. economists.

“Our state is in a mini-recovery,” said Florida Realtors® Chief Economist Dr. John Tuccillo at the state association’s  2012 Real Estate and Economic Forecast Conference in Orlando. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.” [Read more...]

The condominium statistics of the Naples real estate market is showing stability for the median sold in a year over year analysis. The volume of closed sales is level with last year. The number of pending sales is higher than last year. The new listings of condos for sale showed a decline in the volume.

Median Sold Price:

During the month of June 2010, the median sold price of a condo in Naples was $164000. The median price is the sold price represents the middle value of the all sold prices within a stated range. The median sold price can vary from area to area within a local real estate market. [Read more...]