December 19, 2014

Naples Real Estate: Very Active Luxury Market & Reduced Inventory.

The real estate market for Naples area continue to be very hot in all sectors but also especially in the luxury segment.
The high-end market continues to be extremely active and is dominated by cash transactions.
For the November 2014 report and statistics just released by NABOR (Naples Associations Board of Realtors) overall pending sales rose 11% for homes prices over $1 million and the closed sales for the same segment increased 17%!
The sales for the segment above above $2 million increased 40%!
For the areas close to the beach (West of US 41) including Olde Naples, Coquina Sands, The Moorings, Park Shore and Pelican Bay, the median price increased 35% from $739,000 to $1,000,000. 
Other major points of the report, comparing November 2014 to November 2013:

  • 32% increase of pending sales in the $300,000 - $500,000 price's range.
  • 12% increase of median closed price from $236,000 to $265,000. 
  • Overall inventory decreased 10% again.
  • Average days on the market: 79.

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