The Real Deal Miami

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

The number of pending sales of Naples-area houses and condos increased in July, too, amid higher median sale prices
August 25, 2018 03:30PM

Brenda Fioretti, managing broker at Berkshire Hathaway HomeServices Florida Realty (Credit: LinkedIn)

July sales of both houses and condos in the Naples area were higher than last year, the Naples Area Board of Realtors reported.

The number of houses sold in July increased to 372, five percent more than in July 2017. Condo sales rose to 366 in July, a 12 percent jump from the same month last year.

The number of pending sales of Naples-area houses and condos in July increased to 796, 11 percent more than last year.

“Economists predict home sales in America during 2018 will not be as good as 2017. However, we’re seeing the opposite in the Naples area,” said Brenda Fioretti, managing broker at Berkshire Hathaway HomeServices Florida Realty, in a prepared statement.

Median sale prices in July increased 6 percent to $435,000 for houses and 3 percent to $255,000 for condos in the Naples area.

The Naples-area inventory of residences listed for sale in July included 2,329 condos, down 2 percent from last year, and 2,542 houses, almost unchanged from last year. – Mike Seemuth