Naples Mid-year 2023 Market Stats
And read these articles:
Florida News
Insurance Reform : Premiums still rising sharply (more…)
Naples Area January Market Video Report
Here is a short video to accompany the graphic. Note that this is an overview – contact me for more specific area or community updates.
Mot mentioned in the video: the median Single Family sale price increased 6% to $715,000, and the median Condo price increased 13.5% to $482,500.
Pending sales rebounded as the new year began. In fact, pending sales in January were remarkably higher than pending sales not only in December (682), but also compared to January 2019 (660) and January 2020 (892). Though compared to last January’s phenomenal sales activity, pending sales this January decreased 20.5 percent to 1,092 pending sales from 1,373 pending sales in January 2022.
And read these articles:
What drives Mortgage Rates in one chart
Lies, Damned Lies and Inflation “Statistics”*
HOW AND WHEN WILL HOUSING REBOUND?
Why Mortgage rates Will Fall
Buyers Undeterred in Ian’s Hardest-Hit Areas
Home Prices After Ian? Probably Going Up
How have home prices behaved after previous major Hurricanes?
How to protect your house from title fraud
Expansion Plans for Fort Myers Airport
Guide to Buying and Selling in Southwest Florida
Market Summaries
The story in 2022 was that prices continued to rise, while sale dropped sharply
Bonita Springs 2022 Housing Market Report
Florida Market Update in 4 minutes
Sales Resemble Pre-Pandemic — But Not Pricing & Inventory
- Andrew Oliver, M.B.E., M.B.A.
Real Estate Advisor
Andrew.Oliver@Compass.com
m 617.834.8205
Naples YTD: sales plummet, prices soar
The combination of undiminished demand and greatly diminished inventory have had the inevitable consequence in the first two months of 2022: prices have soared 25-50% from a year ago, while sales have dropped by similar percentages ( read Naples Beach prices drop 47%? Not so fast.
Here are the numbers broken down by property type and location within Naples: (more…)