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Naples Florida Real Estate Market

In the Naples real estate market, there are numerous affordable real estate choices from gated to non-gated communities, golfing communities with clubhouses and extensive social memberships to non-golfing communities. At any time you will find affordable Naples homes for sale here.

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Naples Florida Real Estate Market

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  1. NAPLES REAL ESTAE http://buysellnaplesrealestate.com/ Mike and Anna Bryant Estate agent in Naples, Florida

  2. Naples Florida Real Estate Market Local residents quickly addressed property damage and the evidence that a hurricane hit the Naples area in September became less visible in October. As we saw, Collier county and utility service providers worked overtime to get everyone back on track as quickly as possible. The Naples area housing market finished on a positive note in October with closed sales increasing 1 percent over last October, October’s housing market activitywas betterthan expected. There was no historical precedent for how the Naples real estate market would react after a hurricane. There were some areas that had really good activity but overall pending sales decreased 11 percent in October alone, most likely due to hurricane damage that couldn’t be rectified in timefor closings.

  3. There were 57 closed sales of high-end, luxury properties priced above $1 million in October, a 36 percent increase over last year. Yet closed sales of properties priced below $300,000 dropped 12 percent, a loss of just 32 sales compared to October 2016. Also reflected in the October report, closed sales for single-family homes priced between $1-$2 million increased 50 percent in October, while closed sales of condominiums pricedbetween$300,000-$500,000 increased26 percent. There’s been a decrease in inventory as evidenced by the October report showing an 8 percent decrease which works out to about 400 fewer homesavailablecomparedto October2016 levels. It’s a great time to be in the trades or construction. Roofing companies and carpenters are booked several months out which is going to create a higher demand for inventory moving into season as fewer homes will be availableand movein readythan normal.

  4. Inventory increased on the high and low end of the condominium market in October. While the report showed no increase or decrease in inventory overall, there were an additional 76 condominiums (a 7 percent increase) added to the $300,000 and below market in October, and 10 condominiums (a 10 percent increase) were added to the $2 million and abovemarket. Prices are market. Median closed prices in the single-family home market increased to $425,000 (13 percent) in October, while median closed prices in the condominium market increased to $250,000 (4 percent). Interestingly, the median closed price for condominiums in the $2 million and above price category dropped 42 percent in October to $2,545,000, while the median closed price for single-family homes in the same price category increased22 percentto $2,237,000. definitely going up in the SW Florida real estate

  5. Geographically, there was a decrease in median closed prices for condominiums in all areas except North Naples in October. North NaplesFloridaremainsone of the top spotsfor buyerdemand. There’s been a loss of inventory in the under $300,000 market but for a good reason. Some of those homes are now “bracket creeping” and moving into the $300,000-$500,000 price category. That is creating even greater demand for Naples Florida homes under $300,000 where traditionallydemand has alwaysbeenhigher.

  6. According to some local experts, if the hurricane hadn’t happened and the market had kept the same pace as it did last September and October, we would have seen 400 more sales and been on track for a 6 percentincreasein totalclosedsales year-to-date. We hope our Naples Florida real estate market report has been informative. We’d love to help you with your next real estate purchase orsale. Giveus a call at 239.293.0246;we alwaysanswerthe phone.

  7. Contact Us Serving Naples FL home buyers & sellers for over 24 years. Mike & Anna Bryant NAPLES REAL ESTATE Address: - 180 9th St, Ste 300 , Naples, FL 34102, USA Email ID:- napleslaw@yahoo.com Phone No: - 239-293-0246 Website:- http://buysellnaplesrealestate.com/

  8. CONNECT WITH US Discover us on social media! We love connecting with our community FACEBOOK: https://www.facebook.com/mikeandannanaples TWITTER https://twitter.com/anna1bryant Mike & Anna Bryant NAPLES REAL ESTATE

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