Single family home sales for September in Naples, Florida continue their upward trend as expressed in the latest report issued by the Naples Area Board of Realtors (NABOR). The report comes out monthly and records vital statistics regarding the real estate market for all of Collier County with the exception of Marco Island. Some of the figures released cover the number of closed sales, pending sales, median closed sale price, inventory and the average days on the market, as well as a breakout between single family and condos.
The strength of single family home sales for September in Naples, Florida can initially be expressed in the number of closed sales which rose by more than 15% as opposed to the same month last year. This was especially true for the upper end of the price brackets as those homes which closed for between $500,000 and $1 million grew by 78% and those over $1 million rose 55%.
While increased sales is good news, even better is the fact that the prices are on the rise. The median closed sale price of single family homes for the month of September this year is in excess of 29% higher than September, 2012. Geographically, the Naples Beach area expressed no price change, while all other sectors had significant gains led by South Naples and Central Naples which grew by 57% and 42% respectively.
One last figure that should be commented upon is the average number of days that a home has been on the market. Regarding the single family home sales for September in Naples, Florida, the NABOR report showed that there has been a 33% decrease in the number of market days compared to the previous September. Every price point and all geographic areas experienced good improvement with closing prices between $300,000 and $500,000 going down over 40%, while Naples Beach dropped nearly 62%.
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