2nd Quarter 2015 Naples Florida Real Estate Market
The latest report issued by the Naples Area Board of Realtors (NABOR) provides some very interesting facts regarding the 2nd quarter 2015 Naples Florida real estate market. Each month and quarter NABOR publishes the most recent statistics relating to residential home sales covering all of Collier County, with the exception of Marco Island. Besides providing figures in a cumulative manner the report breaks down the numbers in many different ways, such as types of homes, price points and geographical areas, so that anyone looking at these statistics can get a better understanding of any trends that may be occurring.
One of the more intriguing aspects of the 2nd quarter 2015 Naples Florida real estate market report concerns closed sales during the period. Overall there was virtually no change in the total number of closings, with there being 3,109 during 2015, while the 2nd quarter of 2014 had 3,119. However when analyzed by certain criteria the picture becomes more interesting, such as the number of sales in the under $300,000 price point dropped by 13% from year to year, with both single family homes and condos having the same result. On the other hand closings of properties price between $300,000 and $500,000 increased by 28% in total. with condos jumping 37%, while the figure for single family units was 21%. The $500,000 up to $1 million selling bracket followed somewhat the same pattern, as the composite grew 18%, led by condominiums at 35%, compared to just 7% for the single families. At the top end of the pricing spectrum. closings of $1+ million declined by 7% in aggregate with condos having the largest drop at 13%.
Another figure disclosed in the NABOR report is the inventory of homes presently on the market, which in this case is again practically unchanged from the 2nd quarter of 2014 to the same time period this year. As with closed sales, price points tell a slightly different tale with the number of properties listed for less than $300,000 dropping by almost ¼, while all other categories experienced increases of at least 10%. The 2nd quarter 2015 Naples Florida real estate market statistics as released by NABOR also reveal that the average number of days that a home is on the market is down from over 3 months in 2014, to 2.5 months this year. By type of property, the figures become 82 days for single family residences and 70 days for condos.
This blog was originally posted on July 24, 2015. For current MLS information please click any link within the blog or click here http://ChrisAndDick.com
Post originated here: http://chrisanddick.com/dicks-blog/2nd-quarter-2015-naples-florida-real-estate-market/
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