Naples October Home Sales

Naples October home sales finished the month on a positive note, despite the impacts of Hurricane Irma during the previous month. Overall, closed sales increased 1 percent from 561 sales up to 556 over last October according to the latest Market Report released by the Naples Area Board of Realtors (NABOR). Additionally, the median closed sales price rose 9 percent from $315,000 up to $342,000. Once again, inventory fell compared to this same time last year. Total active listings fell from 5,426 down to 5,010 which will continue to cause home prices to increase.

Most notable, there were 57 closed sales of high-end, luxury properties priced above $1 million in October, a 36 percent increase over October 2016. Also reflected in the October report, closed sales for single-family homes priced between $1 and $2 million increased 50 percent in October. Addtionally, closed sales of condominiums priced between $300,000 to $500,000 increased 26 percent.

Year-Over-Year Naples October Home Sales:

Pending Sales increased 1 percent overall during the 12-months ending October 2017
Closed Sales increased 4 percent overall for the 12-months ending October 2017
Median Closed Price was up 3 percent overall for the past twelve months
Inventory decreased 8 percent overall from October 2016 to October 2017
Average Days on the Market increased 22 percent overall from October 2016 to October 2017

Naples October Single Family Home Sales:

Closed Sales increased from 295 up to 301 which was a 2 percent increase over last October
Median Closed Price increased 13 percent from $375,000 up to $425,000 compared to October of last year
Inventory fell double digits from 2,849 down to 2,432 compared to the same time last year

Naples October Condo Sales:

Closed Sales remained virtually the same, 261 sales in ’16 versus 260 in ’17, compared to October of last year
Median Closed Price increased 4 percent from $240,000 up to $250,000 versus the same time last year
Inventory remained almost the same as last October, only increasing by 1 condo from 2,577 up to 2,578

View Full Naples October Home Sales Report

Begin Your Own Property Search:

So, if you’re ready to begin your property search, I encourage you to explore my website to find information about communities in Southwest Florida. 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.

Bottom Line:

If you are buying a home in a golf community, you will find it’s more complex than a typical home purchase. As you can probably imagine, there are significant differences between golf communities. There are many different fee structures, membership options, pet restrictions, demographics and many other details that apply to the SWFL golf communities.

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.

If you’re looking for information about a specific community in Bonita Springs, Estero or Naples, please contact me and I will prepare a custom market report for you. I will provide the market information and insights to help make sure you select your dream home!

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