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


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