Naples Real Estate Trends: The latest stats for the area showed 1,392 properties sold for just over $808 Million! The largest sale was $18.5M for a single family home in Aqualane Shores.
Once again, homes are selling at or above list price. Condos sold just above asking price at 102.1% of list price and single family homes came in at 99.9 % of list.
So what’s new? First, inventory is building. There were 1,637 new listings during March. Although that is slightly less than the same time last year, the inventory at the end of March was up significantly from January when at one point we had just 899 properties for sale in all of Collier County! As of yesterday at 2:30 pm, we had 1,402 homes for sale.
Second, the reports showed about one third (417) of the homes for sale reduced their price during the month. This is approximately 51 percent more price reductions than we saw in February. In the past week alone, there have been 194 price reductions. To be clear, these price reductions do not mean prices are going below previous closed sales. These reductions are on Naples homes which were originally priced too high. Learn more...
Thinking 🤔 of buying or selling in Southwest Florida? Let us help you make an informed decision and price your home right. Put our experience and our world-class marketing to work for you. Now more then ever experience matters!
Call or text us today - 239.370.0892.
Matt Klinowski | Downing Frye Realty Inc.
Here's to living the good life in paradise, Matt