NABOR: October 2018 Naples housing market activity is strong

Closed sales of homes in the Naples housing market grew 20 percent to 674 sales in October 2018 compared to 561 sales in October 2017.

The last few months have seen not only a return to a steady housing market for Naples since Hurricane Irma, but also an increased appetite for homes in Collier County. We are pleased to report that inventory during October jumped 20 percent to 5,992 homes – the highest October inventory level since 2012 – which is good news for buyers.

5,992 homes: the highest October inventory since 2012

There is presently almost 7.5 months of inventory. Inventory for single-family homes under $300,000 grew by 79 percent to 483 homes in October. The spike in inventory during October is a reflection of the market’s recovery after Hurricane Irma in September 2017.

In some neighborhoods we still see an oversupply in the spec home market, but we are also seeing inventory begin to tighten in very desirable areas west of U.S. 41.

Historically inventory begins to increase in October in preparation of seasonal visitors entering Naples’ prime home selling season.

It’s worth mentioning that about 10 percent of the new inventory in our MLS during October was new construction. A good portion of this building is taking place in East Naples which had the highest single-family home inventory reported in October.

Overall pending sales for October were up 17 percent with the $1 to $2 million price category reporting the highest increase (39 percent) for the month compared to October 2017.

Naples Housing Market

As always a Real Estate investment in Naples, FL is a sound investment!

Whether you are interested in selling or buying a home in Naples allow my 20+ years of experience and knowledge provide you with an accurate market comparison of your desired property, and ensure your next purchase is a success!

You may find the complete NABOR October 2018 report at the NABOR Market Statistics page →.


Is this interesting to you? We are very excited about all the amazing properties available for sale in our awesome city. Want to know more about Naples real estate properties? Give me a call!


Call Carolyn today! (239) 269 5678 

Want to know about our flexible fees? It’s a simple and advantageous financial proposition to serious property sellers and buyers, ultimately saving you money and time.

My goal is to find your dream property at a fair price and
rewardingly sell your investment. 


Carolyn Properties

Invest Wisely, Save Time, Save Money.

Call Carolyn Weinand at 239 269 5678 for a free consultation about the Naples, FL Real Estate market! A home, a property, in this highly sought after market and beautiful city may be your next best move.

We encourage you to send feedback! We also appreciate contacting us at blog@carolyn.properties in case you find an error (oh no!) in any of our articles.
Also, submit → your favorite stories for publishing!

img

Carolyn Weinand

Related posts

Carolyn Properties first vlog — December 2018

Hello! We have being wanting to make a video blog feature for you and we finally started! This is...

Continue reading
by Carolyn Weinand

Naples, a perfect city for golfers

As the legend goes, Naples, a city for golfers, is among the top in the nation when you count the...

Continue reading
by Cesar Alsina

A Buyer’s Market: Naples, FL Housing Market as seen in realtor.com—November 28, 2018

The Naples, FL Housing Market numbers—as reported by realtor.com—is reflecting higher...

Continue reading
by Cesar Alsina

Join The Discussion

%d bloggers like this: