Naples Ends Season Strong
Although season started slow, Naples Ends the season with strong real estate activity for the month of April. Overall, inventory increased 8 percent. As a result, there are more homes to choose from for homebuyers.
Also, the average days on market increased 35 percent when you compare this April to last April. At the same time, the median sales price increased for both single-family homes and condos when compared to last year.
Lastly, not only did our traditional season end strong, activity continues to be very active for this time of year. Thus, analysts at the Naples Area Board of Realtors (NABOR) have indicated we should expect a strong summer for real estate sales.
April Market Report Highlights:
- Pending Sales decreased 3 percent overall for the 12-months ending April 2017
- Closed Sales decreased 4 percent overall for the 12-months ending April 2017
- Median Closed Price increased 4 percent overall for the 12-months ending April 2017
- Inventory increased 8 percent overall from 5,480 properties up to 5,920 in April 2017 compared to April 2016
- Days on Market increased 35 percent overall for April 2017 compared to April 2016
Naples Area Year-Over-Year Comparison
Notable Facts:
One of the areas with the most activity was for properties priced between $300,000 and $500,000. For the second straight month, inventory decreased for homes in this price range. Even though closed sales overall decreased 8 percent, homes in this price segment increased the most, up 14 percent for the month.
Most notably, pending sales for homes above $2 million increased 41 percent. In fact, there were 10 sales over $5 million in April.
Lastly, unlike years past, many buyers are headed to town during June to look for property. Now is an excellent time to buy property. Sellers are more willing to negotiate during the summer months so they don’t have to carry the costs of the property until next season.
Related Articles:
Nationwide Median Days on Market Declines to lowest level of 29 Days – NAR
Begin Your Own Property Search:
So, if you are ready to begin your own property search, I encourage you to explore this website to find information about golf communities in Southwest Florida. Or, I would be happy to help provide a list of properties that meet your criteria.
Bottom Line:
Finally, if you are buying a home in a golf community, you will find it is more complex than a normal home purchase. As you can probably imagine, there is a significant difference between golf courses. Also, there are hidden fees, different membership fees, pet restrictions and very different demographics in each community.
So, if you are looking for information about a specific community in Bonita Springs, Estero or Naples, contact me and I will prepare a custom market report for you. Most importantly, I can provide the market information and insights to help make sure you select your dream home.
Lastly, I will handle all of the contract negotiations for your property from the first offer to close.
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