The Real Deal Miami

Naples-area home and condo sales fell 13% last year

January 21, 2017 12:00PM

Naples

Naples-area sales of single-family homes and condos fell 13 percent to 8,903 last year from 10,366 in 2015.

However, the median sale price of Naples-area homes and condos increased 4 percent to $320,000 last year from $308,000 in 2015.

“The report showed the highest number of closed sales in 2016 occurred in the North Naples area, which is also where a rash of new home development is taking place,” Coco Waldenmayer, a managing broker at John R. Wood Properties, said in a prepared statement.

The Naples Area Board of Realtors also reported that the area’s inventory of active listings increased 34 percent to 5,946 properties at the end of 2016 from 4,426 a year earlier. The average number of days listing remained on the market grew to 89 last year from 78 in 2015.

“Sellers are beginning to heed their Realtor’s recommendation to list their property at a reasonable market price initially, rather than to start high and then go through two or three price reductions,” Jeff Jones, managing broker at the Naples-Park Shore office of Coldwell Banker, said in a prepared statement. “Priced correctly, properties will move in a reasonable length of time.”