Naples, Florida - The Naples Board of Realtors recently released the June 2013 real estate statistics. The good news is that the inventory has decreased AND there has been an increase in prices! Let's take a look at what's happening in the real estate market in the 12-month period ending 6/2013.
JUNE 2013 - CONDOMINIUM SALES BY PRICE RANGE
Sold Price Ranges
% of Sales
Months of Inventory
$0 - $300K
$300K - $500K
$500K - $1M
$1M - $2M
Median Sale increase from $165K to $189K
June 2013 – CONDOMINIUMS BY AREA
Sold By Area
A "Normal" market is considered to be one that has a 6 month inventory. As you can see from the above charts, the under $300,000.00 market and the Central Naples market has already reached a "normal" market.
JUNE 2013 – SINGLE FAMILY SALES BY PRICE RANGE
Median Sale increase from $225K to $263K
June 2013 – SINGLE FAMILY BY AREA
The single family numbers show us that the under 300K market’s inventory is below the “normal” 6 months and the $300,000.00 - $500,000.00 inventory is rapidly approaching a “normal” market. Central, South, and East Naples are almost at a “normal” market. The single family market also showed a nice increase in median sales price!
The National Association of Realtors recently published its second quarter of 2013 statistic showing Naples, FL had a 29.3% increase median sales price.
My husband and I have lived in Naples for 17 years. This has been the busiest summer that we have ever seen! Stores and restaurants have been crowded; not as packed as in season but astonishing for summertime in Naples! On August 10, 2013, the Naples Daily News reported in “Summer’s Steady Stroll” that in downtown Naples sales in June and July were the best in years! Are more people visiting? Do we have more full time residents? I don’t know the answer but I DO know there are definitely more people in town.
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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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About the author:
Lynn Wilber is a Real Estate Professional who lives in Naples. Her 36 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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