A look at average sold home prices this morning in Naples, Florida shows average home prices rising steadily through May. In the Sunshine MLS for the All Naples Area average home sale prices rose from approximately $320,000 in January to approximately $475,000 in May.
Sales volumes also increased for the same period from roughly 550 sales per month to 1,000 per month. As discussed in this blog earlier in the year our declining supply set up a nice price jump given increased volumes.
The state and national news appears similar. Florida Realtor reported “Housing markets are showing signs of reviving, according to The State of the Nation’s Housing report, released this week by the Joint Center for Housing Studies of Harvard University… ‘While still in the early innings of a housing recovery, rental markets have turned the corner, home sales are strengthening, and a floor is beginning to form under home prices,’ said Eric S. Belsky, managing director of the Joint Center for Housing Studies. “
CNN/money reported yesterday “Home prices rose in nearly all major U.S. cities in April from March, further evidence that the housing market is slowly improving even while the job market slumps.The Standard & Poor’s/Case-Shiller home price index shows increases in 19 of the 20 cities tracked. That’s the second straight month that prices have risen in a majority of U.S. cities.”
There is uncertainty of course in all things but these are much better results than a couple of years ago. Let us know what we can tell you about Naples real estate – we would be happy to help.
No legal, investment, or tax advice is being given in this Blog. Consult with legal, financial and tax professionals before acting on any real estate transaction. Actual real estate price and sales results are subject to market forces and are not completely predictable. The writings of this Blog are intended for the sole use of our clients.
Some of the data relating to real estate for sale on the NaplesBestAddresses.com website comes in part from the Broker reciprocity program of M.L.S. of Naples, Inc. The properties displayed here may not be all the properties available through the MLS reciprocity Program. This information is deemed reliable but is not guaranteed. Buyers and sellers are responsible for verifying all information about their purchase prior to closing.
Mark Goebel, PA is a REALTOR with Coldwell Banker on 5th avenue in Naples, Florida with 35+ years of visiting and living in Naples. After 25 years at Accenture, Mark retired as a managing director and spends his time helping non profits and building a Naples real estate team with his wife Nan. Talk to Mark and Nan about life in Naples and why they chose this place to live full-time over all others and enjoy Naples real estate.
Mark Goebel, PA REALTOR Coldwell Banker 5th Avenue South Mobile: 239.595.3921 Email: email@example.com NaplesBestAddresses.com Facebook: NaplesBestAddresses Twitter @mcgoebel Naples Best Address – Where The Best Address in Naples Real Estate Is Yours