Naples, Florida Featured Listing...
- MLS® #:
- Premier Sotheby's International Realty
Contemporary Living At Its Best. A Highly Sophisticated Contemporary Architectural Home For The C...
Your Snapshot To The Naples Real Estate Market
Naples, Florida Is A World-Class Destination And The Purchase Of Naples Real Estate Represents An Extaordinary Value At Any Level. The Preview Naples Group At Florida Home Realty, Inc., With Years Of Sales Training, Offers Both Buyers And Sellers A Completely Unique Experience With Regard To Selling And Purchasing Of Greater Naples Property!
NABOR First Quarter Report Indicates 2014 Off to a Strong Start
Naples, Fla. (April 17, 2014) - Million dollar home sales in Naples continue to skyrocket with the $2 million and above single family home market increasing 83 percent from 48 sales in the first quarter of 2013 to 88 sales in the first quarter of 2014, according to the 2014 First Quarter Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Overall closed sales increased 5 percent from 2,237 in the first quarter of 2013 to 2,352 in the first quarter of 2014. However, closed sales in all price categories above $300,000 increased by double digits with the $2 million and above price category experiencing the highest increase of 80 percent from 61 sales in the first quarter of 2013 to 110 sales in the first quarter of 2014.
Overall, homes in the $300,000 and below price category realized the biggest median closed price adjustment from $159,000 in the first quarter of 2013 to $173,000 in the first quarter of 2014, which reflected a 9 percent increase.
"NABOR reports statistics based on activity in the Southwest Florida MLS [multiple listing system]," said Pat Pitocchi, NABOR® president. "However, the system does not compile all commercial real estate activity or new construction activity."
According to Wes Kunkle, a former NABOR® president, in 2013, activity has increased in commercial real estate for the first quarter as well. Activity was also impressive in the new home construction market during the first quarter.
In the first quarter of 2014, a total of 270 homes with a median closed price of $1 million and above exchanged hands in Collier County (excluding Marco Island), up 65 percent from 176 closed sales in that category during the first quarter of 2013, according to the report.
"The Naples area housing market does not appear to be slowing down," said Pitocchi. "REALTORS are busy; especially agents who are showing homes priced over $1 million. In addition, for the first quarter of 2014, cash sales are continuing to dominate the market as shown by sales of 74 percent versus financed sales of 26 percent."
Inventory in all price ranges has continued to decline. In the first quarter of 2014 there were 4,405 available properties, a 14 percent decrease from the 5,136 available during the same quarter last year.
As reflected in the statistics, the tight supply and high demand of homes is not triggering dramatic price increases. The median closed price in the price segments above $300,000 increased 9 percent from $540,000 in the first quarter of 2013 to $590,000 in the first quarter 2014.
The NABOR® 2014 First Quarter Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® First Quarter 2014 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:
The NABOR® March 2014 Report reflects sales statistics presented in chart format, with these overall single-family and condominium statistics:
According to the report, distressed sales - foreclosures and short sales - now account for only one in ten transactions. This represents an important milestone and indicates that Naples has returned to a stable real estate market.
"Despite a low inventory, sales are strong because the inventory is continually being sold and replenished. List your home with a REALTOR® who can help you price it correctly and it will likely sell quickly," said Pitocchi.
Sweeping Views Of Gulf, Bay And City From This Luxurious Penthouse With Three Exposures To Enjoy ... Elegance & Exclusivity At Aria On Park Shore Beach, One Of Naples' Newest Beach Front Buildings A... Experience Gulf And Venetian Bay Views From All Of The Main Living Areas Of This Three Bedroom Re...
Beachfront Condo Listings
Sweeping Views Of Gulf, Bay And City From This Luxurious Penthouse With Three Exposures To Enjoy ...
Elegance & Exclusivity At Aria On Park Shore Beach, One Of Naples' Newest Beach Front Buildings A...
Experience Gulf And Venetian Bay Views From All Of The Main Living Areas Of This Three Bedroom Re...
Search Real Estate Listings Like A Professional Agent With Your FREE Listingbook Account
Simply Click On The Listingbook Graphic Above
Thanks for visiting our PreviewNaples Group Resource Center.
Please bookmark this site for future reference, and enjoy!
Data last updated: April 21st, 2014 at 10:37am EDT and updating occurs daily
The data relating to real estate for sale on this Website come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Sothebys International Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program.