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Market Overview | Naples, FL. From the desk of Michael Dorobanti

May Headlines

Naples

Unit sales are down 19.2% to 404.
Median price in May was $410,000. This is up 7.9% from $380,000 in May of 2015.
Days on market is down by 6.3%.
Nearby Areas You May Be Interested In
Median price in Bonita Springs is down by 20.5%.
Unit sales in Bonita Springs are down 26.1% to 99.
Days on market in Bonita Springs in May was 73. This is up 17.7% from 62 in May of 2015.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending May, 2016 % Chg From May, 2015
Unit Sales 1,273 -16.6%
New Listings 1,883 13.6%
Listings That Went Under Contract 892 -41.6%
Changes Favoring Sellers
3 Months Ending May, 2016 % Chg From May, 2015
Median Sale Price $400,000 8.8%
Market Time (Days) 77 -1.3%
Price per Sq Ft for Sold $228 1.2%
Sales to List Price Ratio 94.6% 0.4%

Sales
There were 404 unit sales in May. This is down 19.2% from 500 in May of 2015. Sales/list price ratio in May moved up to 94.8% from 94.3% in April.

Prices
Median price in May was $410,000. This is up 7.9% from $380,000 in May of 2015. 3-month median price of $400,000 in May was up marginally from $399,999 in April and up modestly from $367,500 in May of 2015. Price per square foot in May was $238. This is down from $242 in April and down from $250 in May of 2015.

Market Time
Days on market of 75 in May,was down marginally from 77 in April and down modestly from 80 in May of 2015. This is the lowest days on market has been since October, 2015.

Change in Median Sale Price for Single Family Properties YTD From 2015 To 2016 for Towns in Collier County Ranked by Best Performance
Town % Change
Naples 10.34%
Marco Island 3.94%
Data From: SWFLAMLS
Towns with an average of at least 10 sales per month (maximum of 10 )

​Michael’s Listings

Olde Naples | New Construction
In the Heart of Olde Naples

770 9th Avenue S
Asking:$4.799.000

This custom transitional coastal style residence was completed in April ,2016. Open floor plan emphasizing indoor-outdoor living allows for effortless entertaining. Vaulted ceilings and pocket doors open seamlessly to the resort like outdoor area.
Listing Information: http://matrix.swflamls.com/matrix/shared/cvg6F7Wkwz/7709thAVES
Virtual Tour and property website :http://7709thavesouth-naples.com/

Park Shore | New Construction

724 Anderson Drive
Asking:$2,499.000

This new house brings you a sophisticated and elegant ONE STORY floor plan while capturing the true Naples Lifestyle and Old Florida living with an exceptionally landscaped house boasting 4 bedrooms, Study , gourmet kitchen, summer kitchen, 3 car oversized garage, spectacular pool and spa.
TOP LOCATION WALKING DISTANCE TO THE BEACH ,CLAM PASS AND WATERSIDE SHOPS SHOPPING.Construction Completion Date is Set for late 2016.

​Listing information:​http://matrix.swflamls.com/matrix/shared/v6JWG8qtcD/724AndersonDR

Olde Naples | New Construction

725 6th Avenue N
Asking: $3.890.000
No detail has been overlooked for this Coastal Transitional Custom Built home.Stunningly, beautiful architecture abounds in this light filled 5 bedrooms,5 full Bathrooms, powder bath,and a three car garage with alley access sitting on a oversized X-zone lot, in Old Naples just minutes away to the beach.

Listing information :http://matrix.swflamls.com/matrix/shared/g95kJVhrcD/7256thAVEN

Please take a look at the information provided below.We would be happy to set up a showing appointment!

If you have any questions please give Michael a call at 239.273.8374

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