South Naples June Housing Market Summary

The 3-month median price for Single Family Homes in South Naples – the area bounded by 41, David Blvd and Collier Blvd.(see map below) covering zipcodes 34112 and 34113 – continued to rise sharply, reaching $537,500 for the April-June quarter, breaking strongly through the $500,000 level:

Dramatic price movements often occur when the number of sales is small, but that has not been the case in the whole Naples area, which has seen a major increase:

The Condo market has seen a smaller increase since last spring, but has also broken out of its range:

Sales of Condos have jumped:

The number of sales in Naples generally did decline somewhat in June, but it is too early to tell if this is the usual seasonal pattern re-emerging after the COVID-inspired frenzy of the last year. It is worth remembering that visitors from Europe were totally absent in the last year, while the number of Canadian visitors also dropped. Visits from both groups are expected to recover as and when restrictions on travel are eased.

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It’s not a bubble unless it pops

Andrew Oliver
REALTOR®| Market Analyst |

Naples, Bonita Springs and Fort Myers
m. 617.834.8205
Market Analyst | Team Harborside |
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945

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