Naples August Housing Market Statistics Strong

August Housing Market Statistics Remain Strong

According to the latest August Housing market statistics for Naples, closed sales of properties during during the month increased 5 percent to 719 homes from 685 homes in August 2017.  A 21 percent increase in condo sales drove the overall increase in closed sales for the month.  Additionally, total inventory during August also rose by 2 percent.  The increase was primarily due to 218 properties below $500,000 added to the market compared to the same month last year.

“I’m really encouraged by activity in the lower end of the market during August,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc., who, along with several broker analysts reviewing the August Market Report, thinks we’ll continue to see an uptick in inventory through the end of the year. “Historically, August is where we begin to see an increase in inventory as sellers get ready for our busy winter season.”

August Housing

Overall pending sales in August fell 3 percent. However, pending sales of condominiums priced between $500,000 to $1 million increased 28 percent for the month. And pending sales for single family homes above $300,000 increased as well.  Most notably, there was a significant increase in the Naples Luxury Home market. There was a whopping 62 percent increase for pending single family homes priced above $2 million.

Naples August Housing Market Statistics

Naples Real Estate Sales August 2018

Overall median closed prices fell 3 percent in August to $319,000 from $328,000 in August 2017, and it fell 13 percent for properties above $300,000 to $446,000 from $510,000 in August 2017. The only place prices increased was in the $500,00 to $1 million condominium market, which saw a 13 percent increase to $672,000 from $595,000 in August 2017.
Geographically, the median closed price increased 16 percent for homes in the South Naples area. This increase was reflected in a combined 37 percent increase in the single-family home market and 21 percent increase in the condominium market.

Additional August Housing Market Statistics

Begin Your Own Property Search for the Best Luxury Golf Properties:

Housing Market StatisticsSo, if you’re ready to begin your search for your Southwest Florida Luxury dream home or condo, I encourage you to explore my website to find information about communities in the area.  If golf is your game, I specialize in golf community real estate and would be happy to help you navigate the more than 100 different golf communities in our area.  If you prefer a more direct approach, I will provide a list of properties that meet your criteria and/or communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours.  There is no cost to you to have an agent represent you. In fact, I may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, I will handle all contract negotiations for your property from offer to close!

Considering Selling your home?

Luxury Golf CommunitiesIf you are looking to sell a home in Naples, I encourage you 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 100 other golf communities.  Contact me today to learn how your home or condo stacks up against the competition and how we can position your property to sell yours quickly and for a fair price.

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in Naples, Bonita Springs or Estero 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 your 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

About Matthew Klinowski, PA

Naples Golf GuyThe above information was provided by Matt Klinowski, an expert in Southwest Florida real estate.  When you are ready to buy or sell a single family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience I can help provide the market information and insights into individual communities to help you find the perfect home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

September 23, 2018 Posted by Matt