Naples Real Estate

Naples Real Estate

Naples Real Estate – Market Report: Summer Activity Indicates Promising Season for Naples Real Estate

Naples Real Estate: Naples, Fla. (September 16, 2016) – The housing market’s momentum continues to remain strong heading into fall. Upon reviewing the August 2016 Naples Real Estate Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), NABOR® broker analysts cited several reasons why buyers and sellers can expect a promising winter season such as the inventory is continuing to increase and the median closed prices are remaining virtually unchanged.

Overall activity of properties in the $2 million and above price category failed to perform as well in August compared to other price categories. However, condominium inventory in this luxury segment of the market increased 84 percent to 81 condominiums in August 2016 from 44 condominiums in August 2015, while its overall median closed price fell 19 percent (year over year) to $2,537,000 in August 2016 from $3,132,000 in August 2015. This behavior of increased inventory and lower prices primes the luxury segment of the market for a season where the number of properties priced right can certainly meet demand.

NABOR® broker analysts suspect some potential buyers of high-end properties may be reluctant to make big financial decisions because of the uncertainty of the economy after the Presidential election. However, as the report indicated, activity in this segment of the market is historically lower than it is during seasonal months. Brokers were quick to point out that this tapering is anticipated during the summer and expect sales in this segment to rise as we move into the next season.

Upon reviewing the report, Steve Barker, Advising Broker for Equity Realty, Naples Real Estate, remarked that buyers looking for homes in the under $300,000 price category found plenty of options in the Naples condominium market. “There were 211 closed sales for condominiums in the $300,000 and below price category in August compared to 93 in all other price categories combined.”

The median closed price for condominiums in this entry-level price category was $193,000. August also saw a 50 percent increase in inventory for condominiums in the $300,000 and below price category to 974 condominiums in August 2016 from 648 condominiums in August 2015.

Barker continued, “As the reports indicate, sales have been pretty steady over the summer. Overall, there were 627 closed sales in July and 654 in August. Sales in the high end might have been a bit softer this summer compared to last year, but I do not think it is an indication of anything but how buyers behave during a presidential election year.”

Overall inventory increased 36 percent for the second month in a row to 4,787 homes in August 2016 from 3,525 homes in August 2015. In fact, while inventory rose in all price categories for both home types, the overall median closed price remained flat in August, with the exception of homes in the $300,000 and below price category, which increased 9 percent to $210,000 in August 2016 from $192,000 in August 2015.

Vice President and General Manager for Downing-Frye Realty, Inc. Naples Real Estate, pointed out that even though overall inventory decreased slightly over the last five months; historically, it’s projected to swing upwards starting next month. If prices continue to remain stable as they have over the last year, then Hughes believes that more choices and reasonable prices will make for a good season.

The NABOR® August 2016 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® August 2016 sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

 

CATEGORIESAugust 2016August 2015CHANGE
Total homes under contract (pending sales)734811-9%
Total closed sales654689-5%
Median closed price$320,000$306,0005%
Total active listings (inventory)4,7873,52536%
Average days on market887513%
Single-family closed sales3503481%
Single-family median closed price$384,000$388,000-1%
Single-family inventory2,5542,02526%
Condominium closed sales304341-11%
Condominium median closed price$232,000$235,000-1%
Condominium inventory2,2331,50049%

 

Geographically, overall closed sales in East Naples increased 10 percent to 136 homes in August 2016 from 124 homes in August 2015. Also impressive was the 12 percent increase in single family closed sales in the East Naples area to 91 homes in August 2016 from 81 homes in August 2015, and a 72 percent increase in condominium inventory in North Naples to 639 condominiums in August 2016 from 371 condominiums in August 2015.

 

For more information, please contact:

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Naples Waterfront Real Estate Agent

Kirsten Prizzi – Naples Waterfront Real Estate

Immobilien Naples 

Broker Associate

Waterfront Realty Group INC

1395 3rd Street S

Naples, Florida 34102

 

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Author Kirsten Prizzi

My name is Kirsten S. Prizzi, Naples Real Estate Agent / Broker Associate with more than 25 years of experience in international Real Estate, residing in the beautiful Naples area since 1998 and serving Naples, Marco Island, Bonita Springs, Bonita Beach, Estero, Sanibel, Fort Myers, Fort Myers Beach and Cape Coral.

As a licensed Naples real estate agent I have the skills and experience necessary to ensure the successful sale of your home. I have unrivaled familiarity with the current and recent inventories of available homes, area trends in valuation and time on market key information for both buyers and sellers in the Southwest Florida Real Estate Market from Naples, Florida to Cape Coral.



As a Naples real estate agent I concentrate on providing my clients great service, accurate information, and solid guidance.


While it's true I am available seven days a week, and I often work with clients until late in the evening, maintaining a high quality of service is always important to me.

If you would like to receive regular updates via email when new homes come onto the market in Southwest Florida or if you'd like to discuss about working with me or to list or sell your home, please call me at 239-248-1667 or email me at Kirsten@RealEstateFloridaUSA.com

I support successful connections between buyers and sellers of waterfront homes & condos and off water properties throughout SW Florida.



My mission is to provide each of my clients with extraordinary quality of service in the buying and selling of Naples area real estate and rentals to always act with honesty, integrity and truth along with a smile.


You can be ensured you will experience discreet, conscientious attention as you search for the perfect waterfront home, villa, condo, townhouse, single family house, cottage, beachfront estate or mansion in the greater Naples area, or in pursuit of selling your home.

I grew up at Northern Germany's beautiful beaches. After attending the Academy of Economics I received a degree in Real Estate Economy and Management. I started my real estate career in Hamburg Germany in my mid 20's managing and leasing a privately held portfolio of high end residential income properties in noble neighborhoods, and soon thereafter I graduated from luxury residential to luxury commercial retail leasing in Downtown Hamburg working for Healey & Baker, a British real estate consulting firm.
1992 I moved from Hamburg to the new Capitol Berlin working high end commercial real estate, leasing luxury retail & office space at the Quartier 206 at the FriedrichstadtPassagen and the Checkpoint Charlie for German and American Developers & Investors such as the IVG, the Jagdfeld Family / Quartier 206 & Fundus Group, Abraham Rosenthal & Ronald Lauder (Checkpoint Charlie Re-development) until I moved to Naples, Florida in December of 1998 where I earned my Florida sales person lic at the Ed Klopfer School of Real Estate in 1999 and in 2006 my Florida real estate brokers' license.



I feel a great sense of satisfaction when I get to help others realize their real estate goals as a Florida - Naples waterfront real estate agent.


As a true problem solver by nature, I enjoy the challenges of real estate and in most circumstances maintain a high level of equanimity that my peers have come to respect.

In addition to excelling my profession, I enjoy watersports of all kinds and have a passion for the outdoors that makes me appreciate the natural beauty of SW Florida. I absolutely love Florida's beaches. Growing up on the North Sea, surfing, water skiing and swimming was limited just to the summer time. It will be my pleasure to show you around my backyard "SW Florida's Beaches" all year round.

If you're a German speaking customer, please feel free to connect with me through my German website www.Immobilienmakler-in-Florida.com or www.LuxusimmobilienFlorida.de

If you expect the best service and professionalism from your real estate agent, then please give me a call at 239-248-1667 or visit my bilingual websites:

www.RealEstateFloridaUSA.com
www.LuxuryWaterFrontHomesswflorida.com
www.Immobilienmakler-in-Florida.com
www.LuxusimmobilienFlorida.de

Naples | Marco Island | Bonita Springs | Bonita Beach | Estero | Sanibel Island | Fort Myers | Fort Myers Beach & Cape Coral | Florida | USA

I am looking forward to work with you.

Sincerely Yours
Kirsten S. Prizzi
FL Lic Real Estate Broker Associate
Phone: 239.248.1667
Email: Kirsten@RealEstateFloridaUSA.com
Location is just the beginning