The Naples Florida Real Estate Market in June 2019

Real Estate

Naples, Florida is notable as one of the wealthiest cities in the nation and stands out as being one of the best real estate investment opportunities.  

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As of July 2019, Naples was recently voted the number one southern “boomtown”, which might be one reason June shows strong Showing Activity. 

According to the June 2019 Market Report released by the Naples Area Board Of Realtors® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), the median closed priced of homes increased 1.4 percent to $335,000 in June 2019 from $330,000 in June 2018. 

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500 potential buyers were shown homes for sale in the Naples area every day during June. Closed sales over the last 12 months are up in all price categories below $1 million. The single-family home median closed price decreased 8 percent in June, while the condominium market median closed price increased 1.9 percent.

The NABOR® June 2019 Market Reports provide comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and include an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 

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Year over year, only properties above $2 million have had price increases. The report shows condominiums under $300,000 have experienced a year over year decrease of 7.6 percent.

Broker analysts reviewing the June 2019 Market Report recommend sellers consult a REALTOR® before listing a home for sale. A REALTOR® can help a seller price a home competitively. 

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SOURCE: The Naples Area Board Of Realtors® (NABOR®)