The Naples Area Board of REALTORS® August report indicated healthy activity in many areas of Naples particularly in South Naples.The August 2015 Market Report released by the Naples Area Board of REALTORS® (NABOR®) tracks home listings and sales within Collier County (excluding Marco Island).
The Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. Below are the sales statistics presented in chart format, including overall (single-family and condominium) findings: Read more>>>
Naples, Florida is making the top rankings for its cuisine, happiness, as a small city, and now job growth. According to Forbes Magazine, Naples took top rankings of Florida cities with a projected annual gain of 4.6 percent through 2017. John Cox, president of Naples Chamber of Commerce remarked that when Naples works, opportunity happens. “We are seeing rapid growth in innovation and tech jobs, in construction, tourism, medical care and medical technology.” To read full article click here.
Activity in the Naples area housing market continued its upward momentum moving into summer as evidenced in the July 2015 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). An 8 percent increase in overall pending sales (homes under contract) from 845 in July 2014 to 913 in July 2015 is one indication REALTORS® stayed busy in July. Unlike July 2014 where both overall pending sales and overall inventory decreased 13 percent respectively, activity in July 2015 had many notable peaks and very few valleys. For example, overall inventory decreased 1 percent from 3,563 in July 2014 to 3,518 in July 2015, but inventory for single-family homes rebounded with a 7 percent increase from 1,906 single family homes in July 2014 to 2,040 single family homes in July 2015. Read more>>>
While summertime in Naples may be a bit steamy, there is an abundance of things to do and appreciate for locals and visitors alike. The gulf waters are warm and inviting for swimming; several local shops provide discounts and value added incentives; and gardens are filled with seasonal blooming plants from our welcome summer rain.
To read my full newsletter, click here.
According to the just released Second Quarter 2015 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), 60 percent of the market experienced inventory growth, and overall sales activity remained on pace with activity experienced in the second quarter of 2014. The report also indicated a 9 percent increase in pending sales (quarter over quarter) for homes priced above $300,000. These factors and other statistics in the 2Q 2015 Market Report have led broker analysts to conclude another great year is very likely.
The National Association of REALTORS® (NAR) most recent report showed that total existing sales, which include single-family homes, condominiums, townhomes and co-ops, rose 5.1 % to a seasonally adjusted annual rate of 5.35 million in May. Sales have increased year-over-year for eight consecutive months and now are 9.2 percent above a year ago.
Chief economist for NAR, Lawrence Yun, discussed May home sales rebounding robustly after a decline in April. Sales are now at their strongest pace since November 2009 according to Yun. “Solid sales gains were seen throughout the country in May as more homeowners listed their home for sale providing more choices for buyers.” Although inventory remains tight, homes are selling fast with price growths in some markets edging toward a double digit increase. Yun also predicts that new home construction prices are likely to stay elevated.
Read more from the Naples Area Board of REALTORS on how the year is shaping up with a hot market.