Naples was voted #1 Southern “boomtown”

June 2019

Naples Area Market Report

Naples was recently voted the number one southern “boomtown”, which
might be one reason showings were up during June. The June 2019 Market
Report released by the Naples Area Board of REALTORS® (NABOR®),
which tracks home listings and sales within Collier County (excluding Marco
Island), revealed that 500 potential buyers were shown homes for sale in
the Naples area every day during June. Closed sales over the last 12
months are up in all price categories below $1 million.
According to the report, only homes in the $1 million to $2 million had a
median closed price decrease in June. Even though inventory in June
dropped almost 12 percent, values are holding steady and the reduced
competition provides great opportunities for sellers. Despite the inventory
decrease there is still 6.9 months of inventory available, which is well above
the Florida average of 4-months supply.
Year over year only properties above $2 million have had price increases. In
fact, the report shows condominiums under $300,000 have experienced a
year over year decrease of 7.6 percent.
The report showed that there were 798 price decreases in June. Yet the
month’s overall median closed price increased 1.4 percent to $335,000
from $330,400 in June 2018. The single-family home median closed price
decreased 8 percent in June, while the condominium market median closed
price increased 1.9 percent.
Broker analysts reviewing the June 2019 Market Report recommend sellers
consult a REALTOR® before listing a home for sale. A REALTOR® can help
a seller price a home competitively. They can also maximize the home’s
marketing and help the seller or buyer every step of the way.

 

June_2019_StatisticsJune_

2019_Market_Report

July_2019_Infographic

 

Best regards,
 

Michael Dorobanti
Direct: 239.273.8374
Selling Naples and Manhattan since 1994
Top 1% of all Naples Realtors

Downing Frye Realty-Old Naples Office
180 9th Street South
Naples, Fl 34102

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