Strong Second Quarter for Naples Real Estate

Luxury Homes Sales Result in Strong Second Quarter

Second Quarter Real Estate Sales in the Naples area was driven by luxury home sales according to the latest report released by the Naples Area Board of Realtors (NABOR). Overall, closed sales increased 2 percent up to 2,926 in Q2 of 2018 compared to 2,880 in Q2 of 2017. Most notably, closed sales of single family luxury homes in the $2 million and above category rose 25 percent.

Second Quarter Naples Area Highlights:

Overall closed sales increased 2 percent from 2880 to 2,926
Single family home sales increased 3 percent
Condo closed sales remained the same during Q2 of this year versus Q2 of last year
Pending sales decreased slightly by 1 percent down to 2,733 for the quarter
Median closed price increased 1 percent up to $345,000
Days on Market decreased by 1 percent down to 96 days
Inventory remained almost as last year with 5,165 properties for sale, just 24 units less than last year

Additionally, inventory of luxury condos above $2 million rose 15 percent for the quarter and pending sales rose 32 percent! And, luxury single-family pending home sales in the same price category increased 22 percent. The good news is we now have approximately a 7 month inventory which means we have a balanced market compared to other areas of the country which are constrained by tight inventory. Finally, the sale of single family homes in the Naples Beach area as well as north Naples saw the greatest increased activity for the month.

Second Quarter Naples Area Real Estate Activity Year-Over-Year

More Second Quarter Real Estate Trends:

NABOR’s Second Quarter 2018 Market Report

NABOR’s Second Quarter Market Statistics

Most Expensive Home Sold in Naples Florida

Naples Luxury Home Prices Surge Year-to-Date

Are you ready to buy your own slice of paradise?

Begin Your Own Property Search:

So, if you’re ready to begin your search for your own 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!

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