Naples Real Estate Sales Update - January to September 2008
Posted by Benjamin Dona on Friday, November 21st, 2008 at 12:12am.
The January thru September Naples real estate market statistics for both home and condominium sales are listed below. Naples, known as the "Crown Jewel" of SW Florida's Gulf Coast, is a truly cosmopolitan, quaint, and cultural city that has transformed itself into a dynamic international and world renown destination.
Naples is also the jumping off point to the Everglades, Ten Thousand Islands and the Big Cypress National Preserve, all of which are perfect places for photography, bird watching, and where alligators roam, and ghost orchids hide. This is where you can enjoy outstanding outdoor sports, such as fishing, trekking or canoeing. And don't forget, Naples' famed beaches offer miles upon miles of white sandy havens where you can spend hours doing nothing more than just relaxing.
Naples Real Estate Sales Data
Naples Homes Sales January-September 2008*:
- 1456 Closed Sales
- Average Sales Price - $756,035
- Median Sales Price - $336,000
- Average Days on Market - 187
- Average Sales Price/Square Ft. - $269.23
Naples Condominium Sales January-September 2008*:
- 1522 Closed Sales
- Average Sales Price - $515,964
- Median Sales Price - $227,000
- Average Days on Market - 195
- Average Sales Price/Square Ft. - $255.15
In comparison with 2007 sales data, we saw a 116% increase in the number of home sales and a 110% increase in the number of condominium sales. We also have seen a 23% decrease in the average price for homes and a 16% decrease in the average price for condominiums. Average days on market fell by 3% for homes and rose by 8% for condominiums. In addition, pending sales for both property types also rose in the month of September and thus will help make for a good beginning to this year's "season" starting in November.
Like most cities in Florida, Naples has an excess of inventory. The upside is that buyers have a wide variety of homes or condominiums from which to choose and in many of its more well known communities like Glen Eagle, Lely Resort and The Vineyards, there are some really well priced properties available.
So, if you would like to explore more of what Naples has to offer, please contact us and we'd be happy to assist you.
*Sales Statistics for Naples Proper Only - Data from NABOR & SWFL MLS
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