NAPLES / BONITA SPRINGS / ESTERO MARKET AREA
The number of closed sales through August is down 4.4% from the same period in 2014 (9,223 vs. 9,649). Sales pace is driven by inventory, demand and pricing.
Closed sales during the month of August are down 10% from August 2014, but remain the fourth highest on record for the month (2000 – 2015). The consistent number of sales over the past several months indicates the market is enjoying solid demand.
During the past 12 months, closings for properties priced above $2 million are up 13% (459 vs. 407). This category continues to be in high demand with year-to-date closings up 5.1% over the first eight months of 2014.
Available inventory on September 1, 2015 consisted of 4,198 units, down 6.9% from prior year.
Average list price for the past 12 months is $614,842, up 15.1% from the 12 months ending September 1, 2014. Median list price increased17.5% during the 12 months ending September 1, 2015.AVERAGE AND MEDIAN SALES PRICE
AVERAGE AND MEDIAN SALES PRICE
Average price of closed sales during the month of August increased 11.4% year-over-year, while median closed price increased 12.8%.
Average price of sales above $2 million increased 11.8% over the past 12 months, from $3,537,716 to $3,956,725. Median price in this category is up 12.8% from $2,800,000 to $3,157,000.
Visit Naples.House for luxury homes for sale in Naples, Bonita Springs, Estero, Sanibel and Captiva Islands, and Marco Island!