Sales of High-End Single-Family Homes in Naples are Stronger than Ever
According to The NABOR® First Quarter 2018 Market Report, home listings and sales within Collier County (excluding Marco Island), overall closed sales increased two percent to 2,926 properties in the second quarter of 2018 from 2,880 in the second quarter of 2017.
In the $2 million and above single-family home market, closed sales rose 25 percent in the second quarter of 2018. This means that interest in luxury homes only continues to be high.
The real estate market's stability during the second quarter also extended to its median closed prices which increased only one percent to $345,000 in the second quarter of 2018 from $340,000 in the second quarter of 2017.
Homes near Naples Beach and in the North Naples area saw the greatest increase during the second quarter, and condominium sales in Central Naples surpassed all other home type sales during the second quarter
With an average of 30 transactions a day during the 2Q, the summer months (and September) are looking promising!
Frank Duggan | Sotheby's International Realty