Naples Florida Real Estate Data For January Sales
Naples, Fla. (February 21, 2020) - Despite a tug on inventory that resulted in a 26 percent decrease to 5,761 properties in January 2020 compared to 7,773 properties in January 2019, overall closed sales in Collier County rallied in January, especially in the luxury market. A 22 percent increase in January's overall closed sales has many broker analysts optimistic that continued strong sales activity can be expected through the first quarter.
Aside from the 26 percent decrease in January's month-end inventory compared to January 2019, we actually gained 360 more listings in January than what was available to buyers in December. Collier County has a 6.6-month supply of homes, which is much higher than many other hot markets in Florida. A recent Realtor.com analysis showed that other areas in Florida also experienced double-digit decreases in active listings for January including Tampa/St. Pete (20.2 percent decrease), Orlando (15.8 percent decrease), and Miami/Ft. Lauderdale/West Palm Beach (11.2 percent decrease).
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.
CATEGORIES
Jan 2019
Jan 2020
CHANGE
Total closed sales (year/year)
594722+21.5%Total pending sales (homes under contract) (year/year)1,0221,359+33.0Median closed price (year/year)
$325,000$343,000+5.5%Total active listings (inventory)
7,7735,761-25.9%Average days on market
96107+11.5%Single-family closed sales (year/year)
318361+13.5%
Single-family median closed price (year/year)
$380,500$437,500+15.0%Single-family inventory
3,9032,842-27.2%Condominium closed sales (year/year)
276361+30.8%Condominium median closed price (year/year)
$260,000$270,000+3.8%Condominium inventory
3,8702,919-24.6%
John Krol
Broker, MBA, CIPS, SRES, ABR, E-Pro, Registered Representative
