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How’s the Naples Real Estate Market? Prices up 6%+ with Room for More Upside

Posted on Friday, September 28, 2018

How’s the Naples Real Estate Market? Prices up 6%+ with Room for More Upside

If there is one thing to take away from the Naples real estate market in September it is this; supplies remained tight, prices popped, and days on market shortened a bit – nice! A very nice start to the early season.

Now let’s take a look at what we see this month!

  • Year over year home prices are up 6.6%
  • Over 3.148 properties sold in the last 120 days – up from last year
  • Sales volumes are now stable after slowing in the off season
  • Days on market decreased to 69 days
  • Luxury continues to perform nicely although inventory is back to 12 months

Our reader’s know all real estate is local so let’s look at some specific Naples areas. Remember as a “rule of thumb” inventories may be indicative of future prices – below 12 months prices rise, above 12 months prices drop or so the theory goes. Here are the inventory levels and the month over month trend.

Olde Naples 11.2+
Pelican Bay 5.09+
Windstar On Naples Bay 14.4+
Crayton Road 6.8+
Royal Harbor 8.57+
Port Royal and Aqualane Shores 15.11+
Marco Island 8.28+

So what? Well, the so what is inventories are increasing in all these areas. Anything over 12 months inventory will be less supportive of prices. The overall Naples market average remains solid at 6 months. So … know your neighborhoods as well as your product and property!

Please give us a call if you are considering buying, selling or renting – or just to provide more facts. We would love to listen to you and help.

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