October home sales flat in Naples, but median price rose

One percent more houses and condos were sold as the median sale prices increased by nine percent

Miami /
Nov.November 19, 2017 11:00 AM

Naples

October sales of houses and condos in the Naples area were almost unchanged from last year but the median price rose nine percent.

The number of October sales was 561, up one percent from the same month last year, the Naples Area Board of Realtors reported.

The board also reported that the median October sale price of houses and condos rose nine percent to $342,000 from $315,000 last year.

“October could have been better, but it did pretty well … after a hurricane,” Bill Coffey, broker-manager of Amerivest Realty in Naples, said in a prepared statement, referring to Hurricane Irma in September.

The number of pending sales of houses and condos in the Naples area dropped 11 percent to 623 in October from 702 in the same month last year.

The October inventory of houses and condos listed for sale declined year over year in the Naples area by 8 percent to 5,010 from 5,426 in October 2016. — Mike Seemuth


Related Articles

arrow_forward_ios
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
Steven and Beth Millner with One Thousand Ocean (Patrick McMullan/Getty, Google Maps)
Private equity honcho pays $5M for Boca Raton condo
Private equity honcho pays $5M for Boca Raton condo
From left: Jim Cohen, Nancy Corey, Nathan Zeder, Alicia Cervera Lamadrid, Phil Gutman and Mike Pappas (iStock)
South Florida’s pandemic-fueled residential market poised for bull run in 2021
South Florida’s pandemic-fueled residential market poised for bull run in 2021
arrow_forward_ios

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

Loading...