Second quarter is typically the most active closing quarter along Naples beach, and this one was no exception.
The highest sales price on Naples beach for the quarter was $11.7 million with several others in the $4-$6 million range.
Sales remained brisk, as they did in the market as a whole, and although inventory on the beach is only slightly less than a year ago, the selection is becoming more and more limited as existing inventory is absorbed.
Some highlights from second quarter 2012 versus second quarter 2011:
- Closed sales on the Naples beachfront increased 16%; Naples bayfront set a new quarterly record with 32 closings
- Average sales price on the beach increased 7%; average sales price on the bay decreased 3% over the previous year’s quarter but increased almost 12% over first quarter 2012
As of July 1, 2012, there were 50 properties available on the bay and 177 on the beach. This represents a 27.5% decline in inventory on the bay from second quarter 2011, while beachfront supply remained about the same, down less than 3%.
Prices remain stable, however some buildings and price ranges are beginning to experience shortages of supply.
Click here to review the entire Gulf Shore Boulevard Second Quarter Market Report.
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Alysia Shivers Realtor | Naples Florida Real Estate | 239.877.9732
https://aroundtownwithalysia.com | Facebook | Twitter | LinkedIn | Pinterest
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