Naples Florida Real Estate Market News –
November 2016
12 Month Comparisons as of November 30, 2016
CLOSED SALES
- There were 774 closed sales in the combined Naples, Bonita Springs and Estero market during the month of November. This is a slight decrease over November 2015 when there were 786 closings.
- Year-to-date closed sales for the area were 10,576, down from 12,100 sales during the same period in 2015.
- During the period from January through November 2016, the number of closed sales priced above $2 million declined by 23%.
NEW LISTINGS/INVENTORY
- Available inventory on December 1, 2016 in the combined Naples, Bonita Springs and Estero market consisted of 6,964 units, up from 6,537 units last month and up from 4,989 units on December 1, 2015.
- During the month of November, there were a total of 1,802 new listings added to the market, an increase of 10% over November 2015. Properties priced between $750,000 and $1million and those above $5 million had the largest increases, up 26%.
AVERAGE AND MEDIAN SALES PRICE
- Average price of closed sales in the Naples, Bonita Springs and Estero area during the month of November was slightly lower year-over-year, while median closed price is up 3.4% for the period.
- Average price of sales priced above $2 million fell 4.4% over the past 12 months, from $3,870,585 to $3,701,244.
MARCO ISLAND
CLOSED SALES
- A total of 761 sales were recorded for Marco Island during the period from January through November 2016. This represents a 16.8% decline year-over-year.
- During the 12 months ending November 30, 2016, the Marco Island area had 828 closings, down from 989 closings during the prior 12-month period.
NEW LISTINGS/INVENTORY
- Available inventory on December 1, 2016 in the Marco Island market consisted of 697 units, compared to 662 last month.
- The number of new listings placed in inventory during the 12 months ending November 30, 2016 increased 5% over the prior 12 months.
AVERAGE AND MEDIAN SALES PRICE
- Average price of closed sales in the Marco Island market during the month of November was $729,123, down from $752,596 for November 2015.
“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2016 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Naples Florida Monthly Real Estate Market Update is provided by Dustin Beard.”