The number of closed sales in Naples during the past 12 months increased over the prior year, while monthly sales for March declined slightly for the third consecutive month compared to the prior year.
Although demand remains high, inventory shortages in key Naples market segments have impacted the number of 2015 closings during the first three months.
Naples properties priced above $2 million posted a 21% increase in the number of closed units during the past 12 months (453 vs. 375), the largest increase of any price segment.
The number of new listings in Naples taken during the past 12 months is up 5% over the previous 12 months. New listings recorded in March were up 14% over March 2014.
Total available inventory in the Naples, Bonita Springs, Estero market stands at 5,179 units (2,073 condos and 3,106 single-family homes). This represents a 22% decline in condo supply and a 5% increase in the number of available single-family homes from a year ago.
Average sales price in Naples continued to increase over the prior 12 months, although at a more normal rate.
Average sales price remains 29% below the peak for this period in 2007. Be aware that this is an average only and not pertinent to all properties. Some segments have rebounded to peak levels, but this is not the norm, while others have stabilized at levels below their record highs.
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Alysia Shivers Realtor | Naples Florida Real Estate | 239.877.9732
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