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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 BeachesNaples 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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5 Responses to "Naples Real Estate Sales Update - January to September 2008"

James Boyer Chatham NJ wrote:
It is good to see that your getting more sales than last year even if they are at lower prices. At least you can burn through the excess inventory a little faster.

Posted on Sunday, November 23rd, 2008 at 10:08pm.

Shawn wrote:
You wouldn't have guessed their would have been an increase in sales. I wonder if it was people buying new residences or investors spurring the market?

It's still a buyers market so if you're looking Naples is a great place to buy.

Posted on Monday, November 24th, 2008 at 1:12am.

Todd Covington wrote:
Naples is lucky. Here in Beaufort, SC prices are falling and sales are still way down. Our association has lost 30% of it's members which is a good thing for me as I plan to stick with real estate. While places like Naples might be doing fairly well, most of the South Carolina coast is in a very steep sales decline because of overbuilding and extreme over pricing. I blame government and builder greed. Glad to hear your Naples guys/gals are still making some noise in your market.

Posted on Tuesday, January 6th, 2009 at 10:41pm.

Michael McLaughlin wrote:
Naples is one of the most picturesque destinations in the United States of America. Apart from bordering the Gulf of Mexico with its pristine beaches, it has many golf courses and a lot wonderful boutiques and shopping malls. Naples real estate has plenty to offer for people who have budgets of all types. A recent report showed that during the month of July, 2006 over 9,000 homes were up for sale in Naples - double the amount of the previous year. This makes it a buyers market; however, most of these homes were prices way too high and can't be really considered for sale.

Michael McLaughlin, Cary real estate

Posted on Monday, February 16th, 2009 at 9:15pm.

Shelley Tucci wrote:
this is one of my favorite places to vacation, I can see why people are taking advantage of lower prices and great selection!

Posted on Thursday, March 19th, 2009 at 11:06pm.

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