Home sales increased 4 percent in 2017 and the median closed price increased 3 percent, according to the Year-End 2017 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). The report also showed heightened activity in the high-end market, with closed sales of homes in the $2 million and above price category skyrocketing 20 percent in 2017.
Pending sales during the 3rd Quarter increased 5 percent (12-months ending August 2017), while pending
sales at the end of the 4th Quarter increased 2 percent (12-months ending December 31, 2017). "We can only imagine how much more activity the statistics would reflect if the market had not been shut down for nearly five weeks because of a major hurricane in 2017."
The year-end report showed a 4 percent increase in closed sales to 8,815 in 2017 compared to 8,510 in 2016. Many brokers, including Budge Huskey, President of Premier Sotheby's International Realty,think, "4 percent growth is great considering we had a hurricane and we lost over a month of real estate activity."
This data was taken directly from a Naples Area Board of Realtors press release from January 19, 2018.
Warmest Regards,
Kevin Aizenshtat
Realtor
239-777-1451