Naples Housing Market August Review
The median price of Single Family homes in the Naples area* sold in the 8 months to August 2021 increased 32% to $585,000, while sales increased 40% to 5,394.
The median price of Condos sold in the 8 months to August 2021 increased 18% to $324,000, while sales jumped 77% to 6,265.
Keep reading for charts and more details:
Median Price
Closed Sales
Over the last 12-months sales of SFs over $500,000 have nearly doubled, as have Condos between $300,000 and $2 million:
New Listings dropped in August but have increased for the first 8 months of the year:
But active inventory (properties available for sale) has plummeted:
Because sales are taking place more quickly:
Comment
Historically, median closed prices of homes sold during summer months tend to be lower than median closed prices of homes sold during high-season months (January through April), but that trend did not occur this year.
According to the August NABOR report, the median closed price for the Naples area reported in August was $75,000 higher than the median closed price reported in January 2021. As buyers from more foreign countries are allowed to visit the US again, those buyers – who were largely absent last year – may well add further demand in an already extremely tight market.
As for the future what remains true is that “as it’s now possible to work from anywhere in the world, why not live and work in paradise?”
Here are reports on the different areas of the market in Naples:
Naples Beach August Market Report
North Naples August Market Report
East Naples August Market Report
South Naples August Market Report
Central Naples August Market Report
*this map shows the zip codes included in the above reports, which together make the “Naples Area” in NABOR reports:
And read these articles:
Are mortgage rates heading up or down?
Buyers are overpaying, but are there signs of a bubble?
Andrew Oliver
Sales Associate | Market Analyst | DomainRealty.com
REALTOR®
Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com
________________
Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReports.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”