Naples Homes Market Statistics – June 2017
Median sold price for Naples Homes decreased 2.6 percent since last June – from $385,000 to $375,000. (The Median Sold price is the middle price, where half of the sales are of lower value and half are of higher value.)
Naples homes sold during 2017 have a median sold price of $390,000. Last year the median sold price was $385,000. The median sold price has increased 1.3 percent.
The graph below shows the median sold price for homes by year from 2005 to 2017.
Median Sold Price by Year for Naples Homes
Naples Homes Percentage Change from Prior Year - June 2017
| YEAR | % CHG |
|---|---|
| 2017 | + 1.3 |
| 2016 | + 5.5 |
| 2015 | + 11.3 |
| 2014 | + 17.1 |
| 2013 | + 17.4 |
In June 503 homes were sold, while last June 499 were sold.
Historical Pricing Perspective:
The median sold price for a home in Naples is 17.8 percent less than in 2005 which was the peak of the market. In 2005, the median sold price was $474,450. This year the median sold price has been $390,000.
The median sold price for a home bottomed in 2009 at $195,000. In 2017, the median sold price has been $390,000. This represents an increase of 100.0 percent from the bottom of market.
Number of Listings and Months of Inventory:
Naples homes for sale was 2,779 down from the previous month’s 2,971.
Last June there was 2,829 homes for sale, which is less than this year.
The 2,779 homes for sale represent about 6.6 months of listings; it was 6.9 months at the end of last June.
Below is a table showing the number of homes for sale and months of inventory by price range. Red indicates a seller market, yellow represents a neutral market, and green represents a buyers market by price range.
Number of Listings and Months of Inventory by Price Range for Naples Homes
The table below compares the months of inventory in June of 2017 to May 2017 and June of each of the 4 preceding years.
Comparison for the Number of Months of Inventory for Prior Years
Distressed Properties:
Distressed single-family home properties (potential short sales and foreclosures) – 54 representing 1.9 percent of the total market – 22 (0.8 percent) are potential short sales and 32 (1.1 percent) are foreclosed or REO (real estate owned) properties.
Forward Looking:
During June, 618 homes with a median original list price of $459,000 came on the market for sale; last June 667 homes with a median original list price of $458,149 were listed for sale. The decrease in the median original list price was $851 or 0.2 percent.
451 homes had offers accepted with a median list price of $399,900 compared to last June’s 379 pending sales with a median list price of $399,900. No change in the median list price from last year.
Other detailed market reports are available for – Naples condos, Bonita Springs homes, Bonita Springs condos, Estero homes, and Estero condos by clicking on the appropriate link.
In case you missed last month’s report – click on this link – Naples Homes Market Update.
The data came from the SWFLAMLS a collaborative effort of the multiple listing services of Naples, Bonita Springs/Estero, Fort Myers, and Cape Coral.
Your questions and comments are always welcome.
This post - Naples Real Estate Update – Homes – June 2017 first appeared on Naples Real Estate Blog - News and Market Trend Statistics.
This post first appeared on Naples Real Estate Blog - News And Market Trend Statistics -, please read the originial post: here
