September was an unusually busy month and “season” seems to be coming earlier this year. Pended sales units in the overall market were up approximately 13% over last year. The even better news is that John R. Wood Properties was up 29%! This means John R. Wood is outpacing the market and gaining market share.
September 2014 Naples Neighborhood Snapshot
September 2014 Market Report
Market news continues to be good and August ends on a positive note for John R. Wood Properties and the Naples real estate market! The challenge remains restocking the shelves with inventory for the upcoming season. The number of available homes and condominiums in the Naples-Bonita Springs-Estero market is at its lowest level since John R. Wood began tracking inventory and absorption rates in 2007. Although available product is historically at its lowest level during the third and early fourth quarters, and the seasonality of the market will cause it to rise over the coming months, the strong demand will cause rapid depletion.
August 2014 Naples Neighborhood Snapshot
August 2014 Market Report
Inventory continues to be a challenge, with some areas and price segments affected more than others. Prices, while still well below their peak levels, have rebounded nicely.
July 2014 Naples Neighborhood Snapshot
July 2014 Market Report
The report for June shows the number of new listings taken year-to-date is up slightly, as it was in the May report. However, on a rolling 12-month basis, this is not the case, and the number of new listings over the past 12 months still remains slightly behind that of the previous year. Additionally, inventory continues to diminish with supply at its lowest point for the year at 4.5 months. The Neighborhood Snapshot Report confirms that single family inventory is down in 21 of the 29 communities which the report tracks, and available condominiums are down in 14 of the 23 communities tracked from their levels in the May report. Both closings and pended sales were brisk in June as the demand for Southwest Florida real estate remains strong.
June 2014 Naples Neighborhood Snapshot
June 2014 Market Report
The Southwest Florida real estate market broke all prior records for closed and pended sales during the first four months of 2014. The last time activity was at this level for the period was 2005, but 2014 has exceeded the previous highs set during that period. The first two weeks of May have been strong as more and more buyers continue to snap up the great values that still exist in the market. Despite the strong demand, average sales price remains 32% below the high set for the first four months in 2006. Inventory is down in all price categories with the exception of properties priced above $5,000,000.
April 2014 Naples Neighborhood Snapshot
April 2014 Market Report
July was another sizzling month for home sales in Naples. The great news is that interest rates remain attractive and prices are still well below their peak. It’s still a great time to sell or buy.
July 2013 Naples Neighborhood Snapshot
July 2013 Market Report
Summer real estate activity in Naples remains strong with the overall supply of available properties for sale down to approximately five months. Prices continue to increase but remain attractively low.
June 2013 Naples Neighborhood Snapshot
June 2013 Market Report
It was a great winter/spring season. Inventory continued to diminish and is currently at its lowest level since 2007, when we began tracking existing supply.
May 2013 Naples Neighborhood Snapshot
May 2013 Market Report
The good news in the Naples real estate market continues. At $414,802, the average sales price of single family and condominiums in the Naples-Bonita Springs-Estero market is the highest since July 2008.
March 2013 Naples Neighborhood Snapshot
March 2013 Market Report
The market remains active in all price segments and inventory has remained stable at around 11,000 units for sale for the past four months. The existing 7.5 month supply represents a balanced market.
February 2013 Naples Neighborhood Snapshot
February 2013 Market Report
The year is off to a great start with sales activity brisk in all price points. Prices in the overall Naples market continue to increase.
January 2013 Naples Neighborhood Snapshot
January 2013 Market Report
The market remains strong in Southwest Florida as inventory levels continue to decline and sales continue to climb. Overall closed sales increased 6% for the 12-month period ending November 2012.
November 2012 Naples Neighborhood Snapshot
November 2012 Market Report
If activity in October is an indication of what is to come in “season,” we are in for a very busy time! Written sales volume at John R. Wood alone was almost double that of October 2011. Right-priced listings are still the name of the game for the forseeable future.
October 2012 Naples Neighborhood Snapshot
October 2012 Market Report
September is notoriously the slowest month for real estate in Naples. And yet, there was a 22% increase in pending sales this September over September 2011. Plus, when looking at third quarter overall, pending sales jumped 12% in third quarter 2012 compared to third quarter 2011.
September 2012 Naples Neighborhood Snapshot
September 2012 Market Report