2018 Naples Third Quarter Real Estate Activity
2018 Naples Third Quarter Real Estate Activity
One year after Hurricane Irma, third quarter real estate activity for 2018 remains solid. September, in particular, showed impressive overall closed sales numbers. In Naples, closed sales increased 62 percent to 644 homes in September of 2018 compared to 398 closed home sales in September of 2017. According to broker analysts, this impressive increase in month over month sales is a result of the effect of the hurricane when home sales halted following the massive storm.
The Naples third quarter real estate report showed notable increases in every category except days on market which declined slightly. Overall pending sales in the third quarter are up 20 percent, closed sales are up 13 percent, the median closed price is up 3 percent, inventory is up 4 percent, and the days on market decreased 1 percent; all indicators that the third quarter real estate market in Naples is healthy.
Naples Third Quarter Real Estate Highlights:
- Overall inventory increase 4 percent up to 4,776 units
- Pending sales increase up to 2,014 which was a 20 percent increase
- Days on market decreased 1 percent down to 98 days
- Q3 Sales increase up to 2,032 which is a 13 percent increase
- Single Family closed sales increased 6 percent, up to 979 units sold
- Condo closed sales saw a 20 percent increase up to 1,053 properties sold
- Overall median price close up 3 percent for the quarter up to $330,000
Luxury properties, homes over $1,000,000 are driving the market. Pending sales for homes prices between $1 million and $2 million were up 18 percent for the quarter. And pending sales for properties above $2 million were up a staggering 50 percent compared to Q3 of last year. Additionally, closed sales of luxury homes above $2 million increased 20 percent during the quarter up from 66 properties sold to 79 luxury homes sold.
View More Statistics on Naples Florida Real Estate:
Begin Your Own Property Search:
So, if you’re ready to begin your search for your Southwest Florida Luxury dream home or condo, I encourage you to explore my website to find information about communities in the area. If golf is your game, I specialize in golf community real estate and would be happy to help you navigate the more than 100 different golf communities in our area. If you prefer a more direct approach, I will provide a list of properties that meet your criteria and/or communities that meet your needs.
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 to you to have an agent represent you. In fact, I may be able to help you save money and negotiate for extras which the builder may not let you know about.
Lastly, I will handle all contract negotiations for your property from offer to close!
Considering Selling your home?
If you are looking to sell a home in Bonita Springs, Estero or Naples, I encourage you work with a 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 100 other golf communities. Contact me 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 Realtor in Naples, Bonita Springs or Estero who will help you achieve your Real Estate needs, please reach out to me directly.
Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, a luxury home, luxury vacation home, luxury golf home or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com
About Matthew Klinowski, PA
Contact Matt: Matt@NaplesGolfGuy.com
October 21, 2018 Posted by Matt
