Naples Luxury Market Sales Are Very Strong

12/20/14

 
Based on the November market activity released by the Naples Area Board of REALTORS® (NABOR®), sellers in the luxury market should expect a very good buyer turnout in the coming months. According to the November 2014 Market Report, overall pending sales activity rose 11 percent for homes priced over $1 million; overall closed sales activity increased 17 percent for homes priced over $1 million, and the majority of homes sold in the $2 million and above category were cash sales. Typically, those that have the resources to pay cash for million-dollar homes are careful and savvy buyers, which speaks highly for the value of Naples' real estate.
 
Specifics of the November 2014 report include a 40 percent increase in overall closed sales for single-family homes priced $2 million and above from 202 in the 12-months ending November 2013 to 282 in the 12-months ending November 2014. There is also an 11 percent increase in closed sales for condominiums priced $1 million - $2 million from 234 in the 12-months ending November 2013 to 260 in the 12-months ending November 2014. Pending sales for single-family homes in the $2 million and above category increased 24 percent from 25 in November 2013 to 31 in November 2014.  Median closed price for single family homes in the $2 million and above price category increased 50 percent month over month from $2,600,000 in November 2013 to $3,900,000 in November 2014.

With luxury homes at a premium, homeowners that decide to sell in Naples now may begin to encounter more cash offers. Let me help you navigate the complexities of your real estate transaction. Tricia Raynor @ 239-961-1801 or tricia@gcipnaples.com
 
 
 

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