According to statistics released by the Naples Area Board of Realtors, the Naples market (excluding Marco Island) continues to be "stable". A recent report that tracked July activity statistics showed that overall pending and closed sales increased in all categories aside from the $300,000 and under market. The overall median closed price in July increased 16% from $225,000 to $260,000. Overall pending sales in the $2 million and above price range increased by 47% from July 2013 to July 2014. Pending sales for single-family homes for the same segment and time frame increased 100% while pending sales for condominiums decreased 25%.
Some other interesting statistics released by this report comparing July markets include:
* Overall pending sales decreased 13%
* Overall closed sales had no change
* Overall inventory decreased 13%
* Closed sales for single-family homes decreased 1%
* Inventory for condominiums decreased 19%
Another good news is the fact that "Traditional Sales" increased 35% from July 2013 to July 2014 with meaningless foreclosures and short sales. There were also more closed sales recorded in the first seven months of 2014 than there are homes available in our current inventory.