Sales of Naples residences rose 11% in first quarter

Miami /
Apr.April 15, 2017 09:00 AM

First-quarter sales of Naples-area houses and condos increased 11 percent to 3,097 from 2.786 last year.

The Naples Area Board of Realtors also reported that the total number of active listings in the first quarter rose by 13 percent from last year to 6,466 while the average number of days on the market jumped 23 percent to 99 days.

“Overall, we ended the first quarter better than last year, and I think the local brokers are cautiously optimistic that we might have a decent summer for sales,” Mike Hughes, Vice president and general manager for Downing-Frye Realty, Inc., said in a prepared statement.

The median closing price in sales of Naples-area houses was $402,000 in the first quarter, down 1 percent from the same period last year.

“Inventory is up and prices have come down,” Budge Huskey, President of Premier Sotheby’s International Realty, said in a prepared statement. “This is an indication that some fundamental economic principles are taking effect in the Naples housing market.”

The median closing price for condos was $270,000 in the January-March period, a 3 percent increase from the same period last year.

The number of closed condo sales in the first quarter rose 19 percent to 319 while the number of closed house sales increased 8 percent to 294.


Related Articles

arrow_forward_ios
Hassan Whiteside and 528 Lakeview Court in Miami Beach (Getty, Joe Azar/Compass)
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
NBA’s Hassan Whiteside lists Miami home for $23M, triple what he paid for it
(ONE Sotheby's Realty)
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Former mayor George “Bud” Scholl’s waterfront home hits market for $13.9M
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
Home prices notched record-shattering growth in 2021, but slowdown is likely
6315 11th Ave Gulfport (iStock, Heckler Realty Group, Illustration by Shea Monahan for the Real Deal)
Tampa-area home billed as first in US to be sold as an NFT
Tampa-area home billed as first in US to be sold as an NFT
From left: 1840 South Ocean Boulevard, 1341 South Ocean Boulevard and 2000 South Ocean Boulevard
These were South Florida’s largest resi sales of 2021
These were South Florida’s largest resi sales of 2021
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Miami-Dade County slapped with ethics complaint over approval of 550-home Calusa project
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Now streaming: TRD’s podcast Deconstruct on what’s next for Surfside
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
Michael Stern accused of “duping investors” in Monad Terrace project
arrow_forward_ios

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

Loading...