Naples, Florida – Market Update

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Last month, we wrote about the Sunny Florida Real Estate Market as reported by Florida Realtors®.  While figures from Miami/Dade and Orlando areas drove the largely positive outlook, this is not to say other markets are not performing well.

As we look around the state, communicate with our agents, and other real estate professionals, we are seeing pockets of large and small activity. One area worthy of attention, is the Naples Florida market, where SFH, condo inventory, and transaction volume data is quite promising.

Multiple sources are sharing Q1 & Q2 year over year gains across Collier County and Naples specifically.  Here we see the sales price graph for Collier County SFO’s looking the best it has been year-over-year since 2014, according to data provided by Florida Realtors®.

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Condo inventory, new listings, and price performance are keeping pace with the numbers like those shown in this graph while Naples is ahead many active Florida markets in their reversal of long-term negative inventory trends.

The Naples Area Board of Realtors® has also been noticing positive trends in their market.  Most recently, they published plenty of encouraging news about May’s year-over-year Naples real estate transaction data.

Here are few brief highlights from the NABOR report:

  • Overall Pending Sales increased 23% in the $2M+ category 12-months ending 5/2018
  • Overall Closed Sales increased over 23% in the $1M-$2M category 12-months ending 5/2018
  • Overall Median Closed Price increased 5% 12-months ending 5/2018

With many real estate professionals in the Naples area, Berkshire Hathaway HomeServices Florida Realty is prepared to help homeowners and interested buyers complete their next transaction.

If you’re looking for a vacation home, and investment or income property, or are just ready to experience the Gulf Coast good life, Naples is the best place to look and Berkshire Hathaway HomeService Florida Realty has a knowledgeable professional ready to help you.

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