"Not only did home sales in the Naples area in April register the highest percentage of traditional sales since 2009, but the data revealed the highest total number of closed sales since July 2009, and the lowest level of distressed property closings in the past six years.

April was a remarkable month for the real estate market in Naples, with notable results in pending sales (properties under contract) of condominiums in the $2 million and above price category, which saw a 58 percent increase from 12 pending sales in April 2014 to 19 pending sales in April 2015. 

Further, April 2015 overall closed sales had positive gains in all price categories above $300,000 with the $300,000 to $500,000 category capturing the highest gain - 21 percent from 1,787 in the 12-months ending April 2014 to 2,162 in the 12-months ending April 2015.

The overall median closed price increased 13 percent in April from $250,000 in the 12-months ending April 2014 to $283,000 in the 12-months ending April 2015. This was fueled mostly by activity on both ends of the price spectrum. Homes in the $0 to $300,000 price category experienced a 10 percent increase in median home price from $168,000 in the 12-months ending April 2014 to $185,000 in the 12-months ending April 2015, while homes in the $2 million and above price category experienced a 9 percent increase in median home price from $2,900,000 in the 12-months ending April 2014 to $3,175,000 in the 12-months ending April 2015.

The NABOR® April 2015 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary.  Some of the highlights are as follows:

  • Overall pending sales decreased 2 percent from 1,231 in April 2014 to 1,210 in April 2015.
  • Overall closed sales remained flat with no increase or decrease reported on a 12-months ending basis.
  • Overall closed sales in the $300,000 to $500,000 price category increased 21 percent from 1,787 homes in the 12-months ending April 2014 to 2,162 homes in the 12-months ending April 2015.
  • Overall median closed price increased 13 percent from $250,000 in the 12-months ending April 2014 to $283,000 in the 12-months ending April 2015.
  • Overall inventory decreased 3 percent from 4,157 homes in April 2014 to 4,040 homes in April 2015.
  • Inventory for single-family homes increased 4 percent from 2,206 single-family homes in April 2014 to 2,289 single-family homes in April 2015.
  • Inventory for condominiums decreased 10 percent from 1,951 condominiums in April 2014 to 1,751 condominiums in April 2015.
  • Average days on market decreased 28 percent from 99 days in April 2014 to 71 days in April 2015. 

When you are ready to put your home on the market, or purchase a new home in southwest Florida, give me a call!  My experience and knowledge will help you to determine whether now is the right time to sell your home and ensure your next sale or purchase in the Naples area is a success.