Naples Real Estate Sales Update - January to June 2009
Posted Jul 12, 2009 @ 4:09 pm, Viewed by 486 Visitors, Read 511 Times.The mid year Naples real estate market statistics for both homes and condominiums are listed below. Naples, known as the "Crown Jewel" of SW Florida's Gulf Coast, is a truly cosmopolitan, quaint, and cultural city that has transformed itself into a dynamic international and world renown destination.
Naples is also the jumping off point to the Everglades, Ten Thousand Islands and the Big Cypress National Preserve, all of which are perfect places for photography, bird watching, and where alligators roam, and ghost orchids hide. This is where you can enjoy outstanding outdoor sports, such as fishing, trekking or canoeing. And don't forget, Naples' famed beaches offer miles upon miles of white sandy havens where you can spend hours doing nothing more than just relaxing.
Naples Sales Data
Naples Home Sales January-June 2009*:
- 1142 Closed Sales
- Average Sales Price - $591,838
- Median Sales Price - $296,000
- Average Days on Market - 169
- Average Sales Price/Square Ft. - $199.45
Naples Condominium Sales January-June 2009*:
- 1335 Closed Sales
- Average Sales Price - $328,289
- Median Sales Price - $167,500
- Average Days on Market - 164
- Average Sales Price/Square Ft. - $168.91
In comparison with 2008 sales data, we saw a 13% increase in the number of home sales and a 21% increase in the number of condominium sales. We also have seen a 29% decrease in the average price for homes and a 38% decrease in the average price for condominiums. Average days on market fell by 11% for homes and by 18% for condominiums.
Like most cities in Florida, Naples has an excess of inventory. The upside is that buyers have a wide variety of homes or condominiums from which to choose and in many of its more well known communities like Glen Eagle, Tiburon and The Vineyards, 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'd 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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