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

Miami /
Dec.December 22, 2018 10:00 AM

Budge Huskey (Credit: Phi Delta Theta)

November sales of both houses and condos rose more the 20 percent from the levels of November 2017.

November sales activity was “significant because it reflects our recovery from the hurricane last year,” Budge Huskey, president of Premier Sotheby’s International Realty said in a prepared statement.

The Naples Area Board of Realtors reported that November sales of houses in increased 24 percent to 645, and November sales of condos rose 21 percent to 327.

The median sale price of houses increased 1 percent in November to $485,000 while the median sale price of condos rose 2 percent to $255,000, according to the Naples Area Board of Realtors.

The November inventory of houses listed for sale in the Naples area grew to 5,971, up 12 percent from November 2017, and the condo inventory increased 8 percent to 2,938.

“We haven’t seen this level of inventory going into season in six years,” Jeff Jones, president and managing broker at Engel & Völkers in Naples and Bonita Springs, said in prepared remarks.

The average duration of listings of houses and condos sold in November declined to 95 days from 101 in the November 2017. – Mike Seemuth


Related Articles

arrow_forward_ios
Richard Swerdlow and Bruce Goldstein 

Betting on distress: Bulk condo website launches, aimed at investors

Betting on distress: Bulk condo website launches, aimed at investors
Nick Pérez and Solemar (Courtesy of Related)

Related Group launches sales of first SoFla condo project since 2016

Related Group launches sales of first SoFla condo project since 2016
From left: Henry Torres, Jorge Perez, Alicia Cervera Lamadrid, Gil Dezer and Joseph Kavana (iStock)

“Anything and everything is negotiable”: Incentives for condo buyers mount in Miami

“Anything and everything is negotiable”: Incentives for condo buyers mount in Miami
(iStock)

A buyer’s market: Condo supply soars in downtown Miami

A buyer’s market: Condo supply soars in downtown Miami
Judge gives Regalia developer A year to sell remaining units

Bankruptcy judge gives Regalia developer a year to sell PH and beach house

Bankruptcy judge gives Regalia developer a year to sell PH and beach house
Alta Developers CEO Raimundo Onetto and Le Parc at Brickell rendering

Le Parc at Brickell condo association sues Alta Developers and partner for alleged construction defects

Le Parc at Brickell condo association sues Alta Developers and partner for alleged construction defects
(Credit: iStock)

Luxury condo prices drop in downtown Miami amid lockdown

Luxury condo prices drop in downtown Miami amid lockdown
From left: Roberto Blanch, Dennis Eisinger, Sebastian Jaramillo, and Paul Kaplan

South Florida HOAs and condo associations prepare for a drop in collections

South Florida HOAs and condo associations prepare for a drop in collections
arrow_forward_ios

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

Loading...