October 24, 2015

Naples Real Estate Market - Third Quarter and September 2015 Market Results

The Third Quarter Market Report was released by NABOR on October 23rd. 2015 and showed positive trends in the Naples-area market. 
The most notable trend may perhaps be the increase of activity in the inland neighborhoods of Naples (East of US 41).
Central Naples (which includes neighborhoods between US 41 and Collier blvd) saw a 24% increase in overall median closed price from $185,000 to $230,000. 
   The third quarter also confirmed that single-family home sales continue to surpass all other sales, including double digit increases in homes priced over $300,000.
   The decrease of cash sales in the month of September (from 66.8% in 2014 to 55.6% in 2015) shows an encouraging trend that more full-time families are being attracted to the area. 
The overall inventory decreased 3% from 3,792 in the 3rd quarter of 2014 to 3,606 in the 3rd quarter of 2015.

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