Naples Area February Real Estate Activity

The latest market reports for February Real Estate activity in the Naples area show home buyers saw a significant increase in the number of properties to consider when making a purchasing decision. Overall, housing market inventory increased 7 percent to 7,442 homes in February 2019 compared to 6,912 in February 2018. In all, 1,498 new listings were added to the Southwest Florida MLS in February according to the February 2019 Market Report released by the Naples Area Board of REALTORS® (NABOR®). So if you are considering buying a home in the Naples area, now is a great time to get a good deal.

2019 February Real Estate Activity Compared to February 2018:

Overall inventory increased up to 7,442 properties which represents a 7 percent increase over last February
New listings increased 34 percent in the single-family home market and 7 percent in the condominium market
Average days on market increased 7 percent up to 102 days
Overall closed sales fell 14 percent down to 595 properties sold in February compared to last year
Median home sales price fell 4 percent down to $335,000

The February Market Report showed inventory for each home type was about even in February with 3,801 single-family homes available (a 10 percent increase compared to February 2018) and 3,641 condominiums available (a 4 percent increase compared to February 2018). Closed sales for single-family homes fell 7 percent and condos fell 20 percent. With the increase in inventory we’ve shifted to a buyers market and as a result, we’ve started to see homeowners re-evaluate their list price. Homeowners are starting to lower prices to attract buyers before season ends.

The NABOR® February 2019 Market Reports provide comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and include an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

CATEGORIES	FEB 2018	FEB 2019	CHANGE
Total closed sales (month/month)	695	595	-14%
Median closed price (month/month)	$350,000	$335,000	-4%
Total active listings (inventory)	6,912	7,442	+7%
Average days on market	95	102	+7%
Single-family closed sales (month/month)	315	291	-7%
Single-family median closed price (month/month)	$439,000	$405,000	-8%
Single-family inventory	3,427	3,664	+7%
Condominium closed sales (month/month)	381	304	-20%
Condominium median closed price (month/month)	$275,000	$265,000	-4%
Condominium inventory	3,485	3,641	+4%

According to Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc., “The high-end market continues to do very well in our area. You can’t look at our market with only one lens,” Hughes added. “A lot can change in a quarter mile. Sellers are best served when they work with a REALTOR®, whose job is to offer home buyers and sellers a good understanding of neighborhood market trends and comparative pricing strategies. This is very important during high season, and especially today when buyers have more housing options.”

Additionally, another incentive for buyers is the continuation of historically low-interest rates. Mortgage applications for new home purchases increased 6 percent compared to last week and 4 percent compared to the same time last year.

View More February Real Estate Market Reports:

NABOR February 2019 Market Statistics

NABOR February Market Report

Begin Your Own Search for Southwest Florida Properties:

So, if you’re ready to begin your search for a South Florida Luxury Golf Property or your dream home or condo, we encourage you to explore our website to find information about homes in the area. If golf is your game, we specialize in golf community real estate and would be happy to help you navigate the more than 150 different golf communities to find the best golf properties available. If you prefer a more direct approach, we will provide a list of golf homes that meet your criteria and/or communities that meet your needs. For more information about the golf homes or golf condos in southwest Florida please reach out to us directly!

Considering Selling your home?

If you are looking to sell a home in Bonita Springs, Estero, Naples or Ft. Myers, we encourage you to work with a REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. If you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities. Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, a luxury home, luxury vacation home, luxury golf home or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com