March home sales in Naples sink 25 percent

But median prices in March increased 7% year over year to $320,000

TRD MIAMI /
Apr.April 16, 2016 11:15 AM

March home sales in the Naples area fell by 25 percent yet the median sale price last month rose 7 percent, year over year, the Naples Area Board of Realtors reported.

The number of home sales in March totaled 787 closings, down from 1,048 in March 2015. Pending home sales in March also fell to 1,121 from 1,512 last year, down 26 percent.

But prices kept rising. The Realtors reported that the median home-sale price in March increased to $320,000 from $299,000 last year.

“Our seasonal buyers seemed to get off to a slow start this year, but showing activity has picked up in the last six weeks,” Kathy Zorn, broker/owner of Florida Home Realty, said in press release by the Realtors.

Other brokerage firms also reported recent increases in property showings.

Mike Hughes, vice president/general manager of Downing-Frye Realty, said in the Realtors press release that buyers have plenty of homes in Naples to choose from in Naples: “Inventory is at the best level we have seen in the past three years …  I also think that the sellers might be more flexible this year with their price. It is definitely a good year to be a buyer.”


Related Articles

arrow_forward_ios
Coco Amar

May home sales rise almost 10% in Naples amid eastward market shift

May home sales rise almost 10% in Naples amid eastward market shift
Brenda Fioretti, managing broker at Berkshire Hathaway HomeServices Florida Realty (Credit: LinkedIn)

April sales of Naples-area houses and condos rose 12.8% as median price fell

April sales of Naples-area houses and condos rose 12.8% as median price fell
Jeff Jones, managing broker of Engel & Völkers in Naples and Bonita Springs

January sales of Naples homes dropped 6%

January sales of Naples homes dropped 6%
Budge Huskey (Credit: Phi Delta Theta)

Naples-area sales of houses and condos rise more than 20% in November

Naples-area sales of houses and condos rise more than 20% in November
Jeff Jones, managing broker of Engel & Völkers in Naples and Bonita Springs

October sales of Naples-area houses and condos rose 17% from last year

October sales of Naples-area houses and condos rose 17% from last year
????????????????????????????????????

Third-quarter sales of Naples-area homes rose from hurricane-depressed levels last year

Third-quarter sales of Naples-area homes rose from hurricane-depressed levels last year
Jeff Jones, managing broker of Engel & Völkers in Naples and Bonita Springs

August sales of Naples-area condos rise 21% as house sales dip 3%

August sales of Naples-area condos rise 21% as house sales dip 3%
Brenda Fioretti, managing broker at Berkshire Hathaway HomeServices Florida Realty (Credit: LinkedIn)

July house sales rose 5% and condo sales 12% in the Naples area

July house sales rose 5% and condo sales 12% in the Naples area
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...