Even though the top quarter of our market has slid to just under the $400,814 average of the past year our number of units sold has inched it's way up to 9,175. As of April 30th the month's average came in at $456,000 while April 2012 cleared $483,000. May of '12 rounded out the top spots with a $472,831 average sale price. This post is about units though and each segment is about 2,290 homes or as close to that as the data will allow.
What we gather from this is that there are more lower priced sales occurring than we've previously had. Asking prices are up and consequently so are our SOLD prices. Inventory is melting away and we expect to see these trends continue. If you're still on the fence about buying in Naples Florida now would be a great time to investigate the market a little deeper.
Look HERE for March's Pricing Pinwheel. The extremes included today are a 1 bedroom, 1 bath condominium which closed at $11,000. Those who search by price per square foot would have seen this SALE as $15.27 per, an amazing value. In contrast, the high end remained at $16,000,000 for a 4 bedroom beachfront single family home. Please call me if you wish to top this price? We have seven available asking more than that with one at $3,313.00 per square foot. Because PPSF has little weight when considering a properties intrinsic value know that I display it here for information purposes only and not typically as a deciding factor for a homes exclusion or inclusion in a residential search setting.
Comments(4)