June Real Estate Overview

Naples June Real Estate Overview

The June Real Estate Overview for the Naples area shows closed sales for both single-family homes and condos were down compared to June of last year. However, potential home buyers were active during the month. Approximately 500 Naples properties were shown every day! No wonder we were recently voted the number one southern “boomtown”.

Additionally, the June 2019 Market Report released by the Naples Area Board of REALTORS® (NABOR®) showed closed sales in the Naples area for the month decreased 10.3 percent compared to closed sales in June of last year. However, closed sales since January have only decreased less than 1 percent. Most notably, closed sales over the last 12 months are up in all price categories below $1 million.

2019 June Real Estate Overview

Naples Inventory of Homes:

Overall inventory fell 13 percent compared to last year at the same time. However, even with the decrease in the supply of properties on the market, we still have a 6.9 month supply of homes available for sale. And the good news is a 6 to 7 month supply of inventory is considered a healthy market. Also, we are far better off than the rest of the sate which has a 4 month supply of inventory.

According to Mike Hughes, Vice President and General Manager of Downing-Frye Realty, Inc, “Now is the time to enter the market. Even though inventory in June dropped almost 12 percent compared to last June, values are holding steady and the reduced competition provides great opportunities for sellers.” He also mentioned only the Luxury Real Estate Market for homes between $1 million and $2 million had a median closed price decrease during the month of June.

Shifting Buyer Activity

Buyers shifted their property purchases to single family homes in lower price categories during Q2 of this year. Additionally, new listings for single family homes decreased 7.1 percent, while new listings for condominiums decreased 4.2 percent compared to last June.

According to the report, there were 798 price decreases in June. Yet the month’s overall median closed price increased 1.4 percent to $335,000 from $330,400 in June 2018. The single-family home median closed price decreased 8 percent in June, while the condominium market median closed price increased 1.9 percent.

Naples June Real Estate Overview – Percentage Change Year-Over-Year

Luxury Real Estate

The only segment of the market which had price increases were in the luxury home market for homes above $2 million.

2019 June Real Estate Report

June 2019 Naples Real Estate Overview

Begin Your Southwest Florida Property Search

Or if you would prefer to start your search for dream home or condo in Naples, Bonita Springs, Estero or Fort Myers, we encourage you to explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate and would be happy to help you navigate the more than 150 different golf communities in our area.

If you prefer a more direct approach, we will provide you with a list of properties that will meet your criteria and the relevant communities that will fit your lifestyle. Since we have excellent relationships with membership directors throughout Southwest Florida we are able to make connections with private golf clubs and provide insights about each community to help you choose the perfect property.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Considering Selling your home?

Or, if you are looking to sell a home in Bonita Springs, Estero, Naples or Fort Myers, we encourage you to work with a Professional Real Estate Agent or REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. If you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities. Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Bottom Line:

If you’re looking for a focused and goal-oriented real estate representative in Naples, Bonita Springs, Estero or Fort Myers who will help you achieve your Real Estate needs, please reach out to us directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, a luxury home, vacation home, golf home or dream home, call us or text us at 239-370-0892 or email Matt at Matt@NaplesGolfGuy.com

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