April sales of Naples-area houses and condos rose 12.8% as median price fell

Broker Brenda Fioretti cited "more closed sales for homes on the lower end of the price spectrum versus last year"

Miami /
May.May 26, 2019 04:00 PM

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

April sales of Naples-area houses and condos increased 12.8 percent from last year as the median sale price dropped 5.6 percent, the Naples Area Board of Realtors reported.

The number of houses and condos sold in April increased to 1,158 from 1,027 last year, and the median sale price during the month declined to $340,000 from $360,000 last year.

April sales activity “shows signs of a possible new trend: more closed sales for homes on the lower end of the price spectrum versus last year, which had more closed sales in higher price points,” Brenda Fioretti, managing broker at Berkshire Hathaway HomeServices Florida Realty, said in a prepared statement.

The number of Naples-area house sales in April rose 4.4 percent from the same month last year, and the number of condo sales surged 20.1 percent.

“Despite old-fashioned beliefs that our area is predominately seasonal, the last few years of home sales activity after Easter are proof that this is just not the case anymore,” Mike Hughes, vice president and general manager for Downing-Frye Realty, Inc., said in a prepared statement.

The Naples Area Board of Realtors also reported that the combined number of houses and condos listed for sale during April fell 11.1 percent to 6,435 from 7,239 in the same month last year.

Listings for nearly 1,000 properties – many of them houses – expired or were terminated during April. The Naples-area inventory of houses listed for sale decreased by 3.2 percent and the number of condo listings increased by 9.2 percent. – Mike Seemuth


Related Articles

arrow_forward_ios
 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
Kathleen DuRoss Ford and 300 North Lake Way (Getty, Google Maps)
Kate Ford’s Palm Beach estate sells for $55M
Kate Ford’s Palm Beach estate sells for $55M
arrow_forward_ios

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

Loading...