Naples real estate market update for homes – November
Median Sold Price for Naples homes increased 21.4% since last November – from $315,000 to $382,500.
Naples homes sold during 2015 have a Median Sold price of $365,000. Last year the median sold price was $328,000. The median sold price increased 11.3%.
The median sold price for a home in Naples is 23.1% 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 $365,000.
The percentage of price increase between 2015 and 2014 is 11.3% compared to 2014 at 17.1%, and 2013 at 17.4% over the previous years. A slow down in the percentage of the median price sold price.
(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 for sale was 2,386 up from the previous month’s 2,231.
Last November there was 2,213 homes for sale, which is less than this year.
The median sold price for a home bottomed in 2009 at $195,000. In 2015, the median sold price has been $365,000. This represents an increase of 87.2% from the bottom of market.
The graph below shows the median sold price for homes by year from 1998 to 2015.
Median Sold Price of Naples Homes by Year
Distressed single-family home properties (potential short sales and foreclosures) – 61 representing 2.6% of the total market – 11 (0.5%) are potential short sales and 50 (2.1%) are foreclosed or REO (real estate owned) properties.
In November 310 homes were sold, while last November 370 were sold.
The 2,386 homes for sale represent about 5.5 months of listings to be sold; it was 5.2 months at the end of last November.
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 for Sales and Months of Inventory for Naples Homes by Price Range
The table below compares the months of inventory in November of 2015 to October 2015 and November of each of the 3 preceding years.
Comparison of Months of Inventory by Price Range for Naples Homes
During November, 674 homes came on the market for sale; last November 626 homes were listed for sale.
409 homes had offers accepted compared to last November’s 391 pending sales.
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 was obtained 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 Homes Market Trends – November 2015 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