It’s time once again to look at Naples real estate market trends. Taking a good look - and understanding what we see - requires partnership and professional insight. 

For example:

  • Current market data show that the number of pending and closed home sales in Naples dropped last month. Why’s that?
  • Prices continue to inch upward. Well, that’s complicated! Doesn’t it seem like prices should drop if the number of sales is down? 
  • And the inventory of homes listed for sale is up once again this month. Does that mean we’re entering a “buyer’s market”?
  • What’s my best bargaining position when I see a home that I like?

It’s difficult to answer these questions without the partnership and insight of a Realtor who possesses deep knowledge of the Naples market scene. Together, we will evaluate the current market with special attention to the neighborhoods and types of homes that interest you - not just a broad brush approach. 

Current market reports indicate that the Naples and Collier County residential home market is healthy and on a steady and balanced course. Every market has its natural ups and downs, and right now home sales are moderating, after last year’s intense activity.

Overall, prices continue to move upward. The overall median closed price increased 11 percent over this time last year. Most significatly, the median closed price for single-family homes in the popular $300,000 and below price segment increased 25 percent over last year. Central Naples saw the most significant price increases when we look at a geographic breakdown. 

My clients will notice a notable increase in inventory of condominiums in the $2 million and above price category. If you’re looking for a condo in the Naples Beach area, you’ll find a lot more to choose from this year, compared to last. Especially in the popular $300-500,000 price category, we’ve seen tremendous activity - increased inventory, increase in closed sales, increase in pending sales, and steady pricing characterize this market segment. 

Where are the values? By far, in the high end single family homes - again, in the $2 million and above bracket. Here too, we see homes are moving fast, with “average days on the market” down 30%. Home sales continue to be strongest in North Naples and East Naples neighborhoods.

 

What does all this mean? I recommend that we work closely to find the perfect balance for your wants and needs - which neighborhood? which price point? which property? - and be ready to make an offer when we find the perfect match for you!