Naples FL Blog

April 2013 Naples Florida Real Estate Statistics
June 12th, 2013 11:46 AM
The Naples Board of Realtors recently released the April 2013 real estate statistics. Let's take a look at what's been happening in the market. I'm looking at the 12-month period ending April 2012 and comparing it to the 12-month period ending April 2013.

April 2013 - CONDOMINIUMS

Sold Price Ranges

% of Sales

Months of Inventory

$0 - $300K

71.08%

6.75

$300K - $500K

13.30%

10.15

$500K - $1M

10.21%

12.27

$1M - $2M

3.95%

14.86

$2M+

1.43 %

14.00

Median Sale increase from $165K to $185K

April 2013 - CONDOMINIUMS

Sold By Area

% of Sales

Months of Inventory

Naples Beach

25.43%

9.28

North Naples

28.22%

7.32

Central Naples

17.61%

7.00

South Naples

18.68%

8.23

East Naples

10.07 %

9.74

A "normal" real estate market is said to have 6 months worth of inventory. Condos under the $300K price range and the North Naples and Central Naples are rapidly approaching a "normal" market. The percentage of sales for condos are still being driven by the under $300K market.

April 2013 - SINGLE FAMILY HOMES

Sold Price Ranges

% of Sales

Months of Inventory

$0 - $300K

58.56%

4.5

$300K - $500K

18.68%

9.6

$500K - $1M

12.66%

12.7

$1M - $2M

5.91%

16.0

$2M+

4.16%

23.0

Median Sale increase from $221K to $251K

 

April 2013 - Single Family Homes

Sold By Area

% of Sales

Months of Inventory

Naples Beach

15.84%

9.98

North Naples

25.90%

7.94

Central Naples

18.59%

6.55

South Naples

12.41%

6.91

East Naples

26.34%

7.03

 Legend

Geographic Location USPS Zip Codes
Naples Beach34102, 34103, 34108
North Naples 34109, 34110, 34119
Central Naples34104, 34105, 34116
South Naples34112, 34113
East Naples            34144, 34117, 34120, 34137

Just by looking at these charts you can see that the single family market in the Central, South and Eastern Naples area is rapidly approaching a "normal" Market.  Single family homes under 300K only have an inventory of 4.5 months, which tells me that there is going to be some pretty fierce Buyer competition in that price range.

Would you like to own a home in Naples? Search here, once at the search page, you can search by development or map area, save your search and new listing updates will be e-mailed to you.

Should you be thinking of selling your home in Naples and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation. Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.

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Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Naples. Her 35 years of real estate experience and her area expertise have been valuable resources for Naples Sellers and Buyers. For more information, please contact Lynn Wilber or call 239-594-2780.

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Posted by Lynn H. Wilber on June 12th, 2013 11:46 AMPost a Comment

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