The under $250,000 market continues to be hot in Naples Florida commanding the most sales from October 2013 through February 2014. Homes priced under $300,000 made up 66% of the market in 2013, but that figure is declining in 2014, said Pat Pitocchi, Naples Area Board of Realtors’ President. Two factors are driving this change – median closed prices are going up and pushing these homes into a higher price category, and non-traditional sales (short sales and foreclosures) are disappearing, she added.
This chart, and the one below, takes into account sales of both Naples’ homes and condos west of 951 (Collier Boulevard) as per the Southwest Florida Multiple Listing Service.
Real estate in Naples is moving quickly with the median days on market for the month coming in at 76.
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