Once again this month, market statistics show a soaring Naples luxury home market. All key indicators - sales, median closed price and inventory - point to a continuing upward trend in our local real estate market.

Let’s look at the numbers, compared to the third quarter of 2012:

  • Overall sales are up 22% 
  • Median home prices are up 24%
  • Overall inventory is down 20%
  • Closed sales in the $500 K - $1 million market segment are up 48%
  • Closed sales in the $2 million plus market segment are up 128%
  • Homes are moving fast. Our measure of “days on the market” decreased 18%.

Coastal properties lead the pack in pending sales. Demand for coastal homes is driving other market segments forward, due in large part to reduced home inventory. 

Monthly statistics point to a vibrant fall and winter season in Naples real estate. Especially active is the $2 million + market segment, which showed a 45% increase over September 2012. 

Where do condominium sales stack up in the total market picture? In September 2013, condo sales were up a whopping 102% over September 2012. Quarterly statistics show a 31% increase in condo sales over 2012. Demand for condominium units is aggressive, regardless of location; condo inventory has dropped 26% from the third quarter of 2012. 

Again this month, the law of supply and demand proves true. With fewer homes on the market and demand increasing, prices are headed upward. Bottom line? It’s all good news. People are buying homes!

If you wonder whether it’s a good time to get serious about your home search, let me answer that question with a resounding YES! Interest rates remain low as we move into season, and homes are expected to sell even more quickly through the winter months. 

It’s still a great time to get into the market for a home in Naples. I am delighted to work with returning clients and new clients alike as we look for the home that represents the best investment for your needs. Whether you are a full-time Naples resident, seasonal resident, investment buyer, condo buyer, or single-family home buyer...I am ready to help you find the right property in this booming market.