Southwest Florida single-family homes topped the state in price growth in July, but town houses and condos showed more lackluster increases, a new report shows.
Median single-family home prices in the Naples-Marco Island metro area rose 23.1 percent in July over the year, to $400,000 from $325,000, according to a monthly report by Florida Realtors.
That put it first out of 20 metro areas the Orlando-based trade group tracks. Part of the reason prices have grown so fast is that buyers are want to avoid expected increases in mortgage interest rates and they also want to snag a vacation home in the offseason.
Most of this information was published in the Naples Daily News online August 20, 2015.
Warmest Regards,
Kevin Aizenshtat
Realtor