Naples Real Estate Market Update for April
NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES
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
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