North Naples August Market Report
North Naples includes the area from Pine Ridge Road to the Lee County boundary just short of Bonita Beach Road (see map below).
In the first 8 months of 2021 the median price Single Family homes sold in North Naples increased 32% to $736,500 on a 46% increase in sales, while the median Condo price increased 16% to $320,000 on a 56% increase in sales.
Zipcodes of Naples
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 naples overall was $75,000 higher than the median closed price reported in January 2021.In North Naples, the median SF price has only recently surpassed the 2007 peak, while the median Condo price is still below that 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 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?”
For a more detailed report 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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