Central Naples August Market Report
Central Naples covers the area bounded by David Blvd, Goodlette-Franke, Pine Ridge and Collier Blvd.
In the first 8 months of 2021 the median price of the Single Family homes sold increased 29% to $465,250 on a 41% increase in sales, while the median Condo price increased 16% to $220,000 on more than doubled sales.
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 reported in August for the Naples area was $75,000 higher than the median closed price reported in January 2021. The median SF price in Central Naples exceeded the 2007-07 peak only in the last year, while the median Condo price remains well below that peak level.
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 to 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?”
Zip codes of Naples
For a more detailed report on the Naples market read Naples Housing Market August Review
REALTOR®| Market Analyst | DomainRealty.com
Naples, Bonita Springs and Fort Myers
Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
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