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Naples Real Estate Market Update for April


CLOSED SALES The number of closed sales in the 12 months ending April 30, 2019 for the Naples, Bonita Springs and Estero area increased 3% year-over-year (7,017 vs 6,839).There were 56 closed sales, priced above two million, in April 2019 compared to 55 in April 2018 a 2% increase. During the 12 months ending April 30, 2019, sales in this category increased 20% over the same time period in 2018 (395 vs 330).

NEW LISTINGS / INVENTORY During the 12 months ending April 30, 2019, a total of 11,554 new listings were added to the market, this is 6% more listings than the same time period, 12 months ending April 30, 2018.Available inventory as of April 30, 2019 consisted of 5,988 units, an increase of 5% vs the same time period in 2018. Current inventory represents 10 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE The year-over-year average sales price for the area was $673,474 which improved over the same time period in 2018, representing an increase of 3%.The median sales price for the area decreased 3% to $414,020 vs $425,000 in 2018. - Southwest Florida MLS

If you are thinking about building a new home in Southwest Florida contact John Blaine at 239.269.4001. Casablanca Homes is building custom homes from the high $200s in Naples, Marco Island, and Golden Gate Estates. www.casablancahomesfl.com

Another fine Naples, Florida home by Casablanca Homes

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