June Market Report Shows Strong Showing Activity
Naples, Fla. (July 19, 2019) - Naples was recently voted the number one southern "boomtown", which might be one reason showings were up during June. The June 2019 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), revealed that 500 potential buyers were shown homes for sale in the Naples area every day during June. Closed sales in the Naples area during June decreased 10.3 percent compared to closed sales in June 2018, but closed sales since January have only decreased .7 percent. In fact, closed sales over the last 12 months are up in all price categories below $1 million.
"Now is the time to enter the market," said a Naples broker, who added that only homes in the $1 million to $2 million had a median closed price decrease in June. "Even though inventory in June dropped almost 12 percent, values are holding steady and the reduced competition provides great opportunities for sellers."
Another Broker Manager added that despite the inventory decrease "there is still 6.9 months of inventory available, which is well above the Florida average of 4-months supply."
Broker analysts reviewing the June 2019 Market Report recommend sellers consult a REALTOR® before listing a home for sale. A REALTOR® can help a seller price a home competitively. They can also maximize the home's marketing and help the seller or buyer every step of the way.
A shift in buyer interest to single family homes in lower price categories during the second quarter of the year was confirmed by broker analysts. During June, new listings for single family homes decreased 7.1 percent, while new listings for condominiums decreased 4.2 percent.
According to the report, there were 798 price decreases in June. Yet the month's overall median closed price increased 1.4 percent to $335,000 from $330,400 in June 2018. The single-family home median closed price decreased 8 percent in June, while the condominium market median closed price increased 1.9 percent.
The NABOR® June 2019 Market Reports provide comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings:
|
CATEGORIES
|
JUNE 2018 | JUNE 2019 | CHANGE |
| Total closed sales (month/month) |
996 | 893 | -10.6% |
| Median closed price (month/month) |
$330,400 | $335,000 | +1.4% |
| Total active listings (inventory) |
6,353 | 5,531 | -12.9% |
| Average days on market |
94 | 104 | +10.6% |
| Single-family closed sales (month/month) |
487 | 464 | -4.7% |
| Single-family median closed price (month/month) |
$435,000 | $400,000 | -8.0% |
| Single-family inventory |
3,223 | 2,852 | -11.5% |
| Condominium closed sales (month/month) | 509 | 429 | -15.7% |
| Condominium median closed price (month/month) |
$260,000 | $265,000 | +1.9% |
| Condominium inventory |
3,130 | 2,679 | -14.4% |
________________________________________________________________________
The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 6,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.
The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.
|
|
It would be my pleasure to assist you and your friends and family with your real estate needs. If you are looking to sell a home in Naples, I have the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. I can also ensure your next purchase in the Naples area is a success.
Sincerely,
Larry Ebbs
RealEstateSalesFlorida.com
239-877-6643
Berkshire Hathaway HomeServices Florida Realty
The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 6,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.
The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.
