Naples FL Blog

Naples, FL -  The Naples Area Board of Realtors® just released the statistics for August of 2014.  For those of you who have been following my blog entries regarding statistics, you'll be amazed by the change of climate in the Naples real estate market.

The numbers I reference below are from 12-month ending 08/2014 time period.  Let's look at the condominium market first:


AUGUST 2014 - CONDOMINIUM SALES BY PRICE RANGE

Sold Price Ranges

% of Sales

Months of Inventory

$0 - $300K

68.35%

2.97

$300K - $500K

13.91%

6.02

$500K - $1M

10.20%

6.86

$1M - $2M

5.05%

5.71

$2M+

2.07 %

3.88

PRICE INCREASED FROM $191K TO $215K; a 12.6% increase.

Wow!  Look how the months of inventory have dropped across the board for condominiums.  The median price range increased 12.6%! The days on the market dropped from 159 days to 87 days! If you are a Seller and have been holding off putting your condo on the market because you bought at the height of the market, give me a call. I can offer you a frank assessment of the value of your condo in this market.  If you are a Buyer looking to purchase a condominium under 300K, yes, you should have bought a few years ago.  There is very little inventory in that price range and please note 68.35% of all condominium Buyers are in the under 300K range.  It is also interesting to note that the over 2 million dollar market only has an inventory of 3.88 months.

Now let's take a look at the breakdown of sales and inventory by area.

AUGUST 2014 - CONDOMINIUM SALES BY AREA

Sold Price Ranges

% of Sales

Months of Inventory

Naples Beach

25.36%

3.82

North Naples

28.37%

3.10

Central Naples

17.07%

3.68

South Naples

17.99%

4.45

East Naples

10.94%

5.90


North Naples and the Naples Beach areas accounted for 53.73% of all the sales by area.

Now let's look at the single family home market statistics for Naples during the same time period.

 

AUGUST 2014 - SINGLE FAMILY HOME SALES BY PRICE RANGE

Sold Price Ranges

% of Sales

Months of Inventory

$0 - $300K

 44.84%

2.47

$300K - $500K

24.89%

4.87

$500K - $1M

17.11%

7.15

$1M - $2M

7.16%

10.12

$2M+

 5.98 %

12.53

PRICE INCREASED FROM $270K TO $337K; a 24.8% increase.

While the over one million dollar price range has more inventory it also represent a smaller percentage of the market place.  The under 500K price range has gone under the "normal market" of 6 months of inventory. The 500K-1M price range is rapidly approaching a "normal market".

AUGUST 2014 - SINGLE FAMILY HOME SALES BY AREA

Sold Price Ranges

% of Sales

Months of Inventory

Naples Beach

16.81%

5.57

North Naples

25.95%

5.38

Central Naples

18.55%

3.41

South Naples

12.53%

5.12

East Naples

25.46%

5.06



There has been a big change in the market since I did the figures for June 2011.

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.

Care to share a comment with us? Just click on the post a comment link at the bottom of this blog entry. Comments are always welcome.

Want to subscribe to this blog? Just click on the Subscribe link at the bottom of this blog entry.

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 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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Posted by Lynn H. Wilber on September 20th, 2014 4:07 PMPost a Comment (0)

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®


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.

Care to share a comment with us? Just click on the post a comment link at the bottom of this blog entry. Comments are always welcome.

Want to subscribe to this blog? Just click on the Subscribe link at the bottom of this blog entry.

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 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.

YouTube | Linkedin | Google | Website | Twitter | Facebook  

 


Posted by Lynn H. Wilber on June 27th, 2014 4:13 PMPost a Comment (0)

Header
Header_2
Listings Photo
$799,900.00
1200 Lambiance CIR #102

Naples, FL 34108



Beds: 3 Rooms: 7
Full Baths: 2 Sq. Ft.: 2025
Garage: 2 Built: 1995
 

Lovely first floor 3 bedroom, 2 bath first floor condo with an attached two car garage located in LAmbiance in the unique beach community of Pelican Bay in Naples FL.
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Lynn H. Wilber
Downing Frye Realty, Inc.
2395942780
www.napleswave.com



 
  Visit this listing here

Posted by Lynn H. Wilber on May 2nd, 2014 8:04 PMPost a Comment (0)

Naples, FL- The Naples real estate market keeps improving. I thought you might enjoy watching a video of the Third Quarter 2013 Real Estate Statistics:

Inventory and days on the market continues to decrease. More movement has been seen in higher price ranges.

It will be interesting to see how this coming season's real estate market will be. I know that in the beach areas, such as Pelican Bay, the rental market has been the tightest market I have seen in years! Will all these tenants turn into Buyers this season? Will they continue to rent? We will just have to wait and see.

What will you be doing this holiday season? Is a trip to Naples in store for you?  Friends and family have asked me if I miss seeing snow around Christmas time.  I'm sorry to say I DO NOT miss snow any time of the year! 

I'm sending you all my best wishes for a very Happy Holiday and a healthy and happy 2014!

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.

Care to share a comment with us? Just click on the post a comment link at the bottom of this blog entry. Comments are always welcome.

Want to subscribe to this blog? Just click on the Subscribe link at the bottom of this blog entry.

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 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.

YouTube | Linkedin | Google | Website | Twitter | Facebook  

 


Posted by Lynn H. Wilber on December 4th, 2013 6:57 PMPost a Comment (0)

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

70.21%

5.72

$300K - $500K

13.69%

7.99

$500K - $1M

10.22%

9.71

$1M - $2M

4.39%

10.02

$2M+

1.53 %

9.57

Median Sale increase from $165K to $189K

June 2013 – CONDOMINIUMS BY AREA

Sold By Area

% of Sales

Months of Inventory

Naples Beach

25.92%

7.38

North Naples

28.35%

6.19

Central Naples

17.70%

5.80

SouthNaples

17.94%

7..24

East Naples

9.84 %

9.52

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

Sold Price Ranges

% of Sales

Months of Inventory

$0 - $300K

56.17%

4.24

$300K - $500K

19.96%

7.48

$500K - $1M

13.52%

10.59

$1M - $2M

6.20%

13.77

$2M+

4.15 %

18.51

Median Sale increase from $225K to $263K

June 2013 – SINGLE FAMILY BY AREA

Sold By Area

% of Sales

Months of Inventory

Naples Beach

15.94%

8.08

North Naples

25.75%

7.59

Central Naples

18.32%

6.26

SouthNaples

12.43%

6.16

East Naples

26.61%

6.20

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.

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.

Care to share a comment with us? Just click on the post a comment link at the bottom of this blog entry. Comments are always welcome.

Want to subscribe to this blog? Just click on the Subscribe link at the bottom of this blog entry.

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 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.

YouTube | Linkedin | Google | Website | Twitter | Facebook  

 

 

Posted by Lynn H. Wilber on August 19th, 2013 5:58 PMPost a Comment (0)

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