Naples November 2015 Real Estate Market Activity

Naples November 2015 Real Estate Market Activity

Naples, Fla.(December 18, 2015) -The November 2015 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), showed many performance similarities to the same report from November 2014. If history is any indication of future performance, then activity reflected in the November 2015 Market Report may indicate a market that is poised to enjoy stable activity in the coming months.

Overall pending sales for all price categories above $300,000 increased in November 2015, with the $1 million to $2 million price category showing the largest growth at 27 percent from 45 homes in November 2014 to 57 homes in November 2015.

Overall inventory in the $300,000 and below price segment decreased 20 percent from 1,372 homes in November 2014 to 1,103 homes in November 2015. Yet since November 2013, inventory in this price segment has dropped 42 percent from 1,917 in November 2013 to 1,103 in November 2015. This segment also represented 50 percent of all closed sales in the 12-months ending November 2015.

The NABOR® November 2015 Market 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.

  • Overall pending sales decreased 3 percent from 825 homes in November 2014 to 804 homes in November 2015.

  • Overall closed sales increased 1 percent from 9,724 homes in the 12-months ending November 2014 to 9,800 in the 12-months ending November 2015.

  • Closed sales for single-family homes in the $300,000 to $500,000 price category increased 23 percent from 1,163 single-family homes in the 12-months ending November 2014 to 1,430 single-family homes in the 12-months ending November 2015.

  • Closed sales for condominiums in the $300,000 to $500,000 price category increased 32 percent from 734 condominiums in the 12-months ending November 2014 to 968 condominiums in the 12-months ending November 2015.

  • Overall median closed price increased 15 percent from $265,000 in the 12-months ending November 2014 to $305,000 in the 12-months ending November 2015.

  • Overall median closed price for homes $2 million and above increased 10 percent from $2,950,000 in the 12-months ending November 2014 to $3,250,000 in the 12-months ending November 2015.

  • Overall inventory decreased 1 percent from 4,136 in November 2014 to 4,095 in November 2015.

  • Single-family home inventory increased 5 percent from 2,217 single-family homes in November 2014 to 2,319 single-family homes in November 2015.

  • There is a 5 months’ supply of inventory.

  • Average days on market decreased 1 percent from 78 days in November 2014 to 77 days in November 2015.

The November 2015 Market Report showed days on market for the $2 million and above price category increased 124 percent from 99 days in November 2014 to 222 days in November 2015. Inventory in this category also increased by 21 percent from 401 homes in November 2014 to 484 homes in November 2015. Days on market for all other price categories decreased. However, days on market by geographic location were more varied as shown in areas like Naples Beach and North Naples, which both saw increases over 20 percent.

View November 2015 Market Statistics



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Dated: December 18th 2015
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