Real Estate Naples, FL: August Condo Sales in Naples Florida

August Condo Sales in Naples Florida

 

 

 

August condo sales in Naples, Florida experienced a remarkable improvement from just one year ago.  According to the latest report issued by the Naples Board of Realtors (NABOR), the number of closed sales of condominiums in August, 2013 soared by more than 20% compared to the same month one year ago.  It is interesting to note that most price points shared in this explosion as those units selling for less than $300,000 grew by over 17 %, while those closing in excess of $1 million grew by more than 2.5 times (although this is a bit misleading in that it went from 12 up to 31).  The NABOR report also broke out the sales by geographical areas.  North Naples, which includes such developments as The Dunes, Tiburon, The Strand and Stonebridge, had 122 closed sales, grew by over 23% and represented nearly ⅓ of all sales.

 

 

 

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Another aspect of August condo sales in Naples, Florida is the median closed sale price (this is the price where half of the units sold under this number and half above) which increased nearly 20% from the previous year.  Geographically all areas experienced some growth, led by Naples Beach (which includes Pelican Bay and Park Shore) and Central Naples (such as Grey Oaks and Glen Eagle) with pluses of 22% and 24% respectively.


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Another positive sign for the local condo market is that pending sales are up 13% at the end of August this year as opposed to the same month last year.  The NABOR report regarding August condo sales in Naples, Florida also revealed that the inventory of homes for sale dropped almost 25% in the past year, with every geographic area having a decrease of at least 19%, providing hope for an even brighter tomorrow.


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           Chris and Dick Dovorany      

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http://ChrisAndDick.com

 

 

 

 

 

Naples, Bonita Springs and Estero, Florida    

 

 

Buyers agents for over 12 years specializing in 2nd homes, investments (1031 Exchange), vacation and retirement properties.

 

 

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Comment balloon 9 commentsChris and Dick Dovorany • September 25 2013 04:08AM

Comments

Good news for Naples Condo owners. Buyers, now is the time to call Chris and Dick before you miss out on some great opportunities!

Posted by Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400, Long Island Condo & Home Sale Specialists (The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803) over 4 years ago

20% is sure an incredible increase. A lot of the condo communities sure look like resorts with all their amenities. Have a great day.

Posted by Scott Godzyk, One of Manchester NH's Leading Agents (Godzyk Real Estate Services) over 4 years ago

20% is one heck of an increase C & D!  That's great news for condo owners in Naples Florida.                              

Posted by Amanda Christiansen, Christiansen Group Realty (Christiansen Group Realty (260)704-0843) over 4 years ago

Chris & Dick, nice to see the explosion of sales in Naples, and interesting seeing what price points had the highest increases.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) over 4 years ago

Hi Chris and Dick.  Naples FL certainly has some gorgeous Condos and in some awesome locations!  The best part is you are the REALTORs in the know of where these great Naples Condo's are!

Posted by John McCormack, AlbuquerqueHomes.com, Albuquerque Homes Realty (Albuquerque Homes Realty * www.AlbuquerqueHomes.com) over 4 years ago
Hi Chris and Dick, well written report of the Naples condo market! Good to know its improving!
Posted by Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES, Florida Waterfront and Country Club Living (Tropic Shores Realty - Ich spreche Deutsch!) over 4 years ago
Chris and Dick, I know you are enjoying the increased sales and the rising prices. Hopefully it will continue into next year.
Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 4 years ago

Chris & Dick love it when I see Market Reports all over the country and they all have one thing in common: Improving Markets!, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) over 4 years ago

Hopefully the numbers will continue to rise, for awhile anyway.

Posted by Chris and Dick Dovorany, Broker/Associate at Premiere Plus Realty ( Homes for Sale in Naples, Bonita Springs and Estero, Florida) over 4 years ago

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