Naples, Florida - A 2008 Mid Year Real Estate Sales Update
Posted Jul 13, 2008 @ 2:26 pm, Viewed by 1684 Visitors, Read 1786 Times.The mid year 2008 Naples real estate sales statistics for both homes and condominiums are listed below. Naples is considered the "Crown Jewel" of Southwest Florida's coastal cities. It is very well known for its 5th Avenue shopping, artists, world class resorts, mansions, and famous residents and is a truly cosmopolitan, quaint, and cultural city that has transformed itself into a dynamic world renown destination.
Naples Sales Data
Naples Home Sales January - June 2008:
- 992 Closed Sales
- Average Sales Price - $828,075
- Median Sales Price - $430,000
- Average Days on Market - 189
- Price/Square Foot - $289.42
Naples Condominium Sales January - June 2008:
- 1092 Closed Sales
- Average Sales Price - $523,854
- Median Sales Price - $272,500
- Average Days on Market - 198
- Price/Square Foot - $255.60
In comparison with 2007 sales data, we've seen a 14% increase in the number of home sales and a 3% increase in the number of condominium sales. The average price of homes decreased by 23% and the average price of condominiums decreased by 14%. Average days on market rosel by 4% for homes and by 10% for condominiums. In addition, pending sales also rose by 37% in the month of June and thus will help make for a good beginning to the third quarter sales numbers.
A mistake many potential buyers make is to think they could not possibly afford to purchase a property in Naples. The reality is another matter all together. The city offers a wide variety of living options and price ranges. For example, there are well over 1500 condominiums currently on the market for under $300K and over 1000 homes for under $400K and in many of its more well known communities like Indigo Lakes, Lely Resort, and Tibruon, there are some really well priced properties available.
So, if you would like to explore more of what the Naples Real Estate market has to offer, please contact us at Gulf Coast Associates, Realtors® and we'll be happy to assist you. Call us at 888-617-3674.
*Sales Statistics for Naples Proper Only
Data from NABOR & SWFL MLS
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Gulf Coast Associates is a private real estate firm specializing in SW Florida Real Estate. Benjamin Dona is the Broker-Owner. He and his wife Terry, an underwriter with 20 years experience, also own a federally-regulated mortgage banking firm, Metro Mortgage Company.
Originally from Saint Louis, Missouri we've lived and worked from our base in Bonita Springs since 1997. Read More
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