Naples Real Estate Market Report: 2nd Quarter 2016 By the Numbers

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The following provides a summary of market activity in Naples and surrounding areas for second quarter 2016:

Naples Single-Family Homes

Average sales price for the 12 months ending June 30, 2016 is up 9.4% over the prior 12 months at $742,471
Number of closed sales for the quarter is down 14% from second quarter 2015 and 13% year to date
Months of supply is 9.7 months at the end of second quarter, up from 7.4 months at the end of second quarter 2015

Naples Condos

Average sales price for the past 12 months remained consistent with prior year at $392,500 versus $387,000 in 2015
Number of closed sales is down 20% from second quarter 2015 and 21% year to date
Months of supply is 7.8 months at the end of second quarter, up from 5.5 months at the end of second quarter 2015

Bonita Springs/Estero Single-Family Homes

Average sales price increased 6% year-over-year to $518,000
Number of closed sales is down 16% from second quarter 2015 and 13% year to date
Months of supply at the end of second quarter is 8.3 months, up from 6.6 months at the end of second quarter 2015

Bonita Springs/Estero Condos

Average sales price increased 8% over prior 12 months to $312,249
Number of closed sales for second quarter is down 20% over second quarter 2015
Months of supply at the end of second quarter is 7.7 months, up from 4.5 months at the end of second quarter 2015

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