Home Prices in Naples Florida For January 2017


Real estate market data for Naples Florida provided by Raymond Cabral of Naplesflareahomes.com.


Naples Florida Home Prices

We have seen the inventory in the Naples area increase in 2016.   This year 2017 We can see that the existing home inventory will continue to rise. Making it a buyers market.  The inventory increased by 34 percent to 5,946 homes in the year ending 2016 from 4,426 homes.  Closed sales of Naples Fl Condominiums in the East Naples area and single Family homes from $500K  to $1 million dollars price range increased in 2016, In spite of an overall closed sales decreasing by 13%. New Competition from new homes in the area have resulted in a decrease sales of existing homes in 2016, Buyers have opted to buy new than an existing older home. The new developments in the area where we have a high increase on of new homes is in the North Naples area. There are about 16 new developments in this area. See Link - New Construction In Naples FL.   We also saw that the highest increase of closed sales in the North Naples area.  This area have seen a rash of new commercial and new communities.    We have seen a big jump in inventory of New Construction in the North Naples Florida area and Golden Gate Estate  We don't expect the new construction slowing down anytime soon. If you are considering buying a home you can still find great deals on a house Or Condos in Naples Florida.  However, having a good real estate professional  who understands the market in the area is a must.  So,  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. Below is a chart The provides a comparison of Condominiums Sales and single family home sales, Prices range and overall market analysis.  To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Naples area Homes, community that you are interested in making an offer.

Naples  Florida Real Market Conditions

CATEGORIES

YE 2016

YE 2015

CHANGE

Total homes under contract (pending sales)

8,903

10,366

-14%

Total closed sales

8,510

9,751

-13%

Median closed price

$320,000

$308,000

4%

Total active listings (inventory)

5,946

4,426

34%

Average days on market 

89

78

14%

Single-family closed sales

4,268

4,640

-8%

Single-family median closed price

$400,000

$385,000

4%

Single-family inventory

3,015

2,434

24%

Condominium closed sales

4,242

5,111

-17%

Condominium median closed price

$253,000

$250,000

1%

Condominium inventory

2,931

1,992

47%

 



If you are interested in how much current inventory is on the market in Naples FL you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market longer. The report shows a 14% increase in days on the Market ending in 2016.  Naples homes have an average 89 days days on the market before they sell. This suggest that buyers are in a great position to make an aggressive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from a prospective buyer.  As I study the Naples market the overall position from knowledgeable Brokers in the area is that we are going to see inventory of existing homes continue to increase in 2017.   For sellers pricing their home at a reasonable market price in the beginning will move the property faster and get them a quick sale. 

Naples Real Estate Report Summary


The overall Single Family median closed price increase by 4% to $400 from $385K in 2015.

Total Active listing 5,946
Average Days on The Market-- 89
Single Family Close  4268 In 2016
Single Family Inventory  3,015
Condominium Inventory 2,931 

Find Homes for Sale in Naples Florida 

Visit my website to search for homes in Naples FL or to be notified when a hot new listing hits the market in Naples  homes come on the market.

To find out what's you home is worth (see link) in the current market email me or call 239-293-8571.

Raymond Cabral
Downing Frye Realty, Inc.
239-293-8571
www.naplespropertylist.com
raymond@naplespropertylist.com