Naples FL Real Estate Market Update & Housing Market Report Aug 2019

Here is the Naples Florida real estate market update for August of 2019. This information has been provided by NABOR and that’s the Naples Area Board of Realtors which tracks home sales and listings in Collier County excluding Marco Island. Hi my name is Laurie Rose and I’m a realtor with John R Wood Properties in downtown Naples Florida. Let’s get right into what’s going on in the Naples Florida housing market. Closed sales of homes in Collier County increased by 7.4 % in August, however overall inventory fell 17.8% that went from 5, 980 properties in August of 2018 to what we have now in August which was 4, 917. Currently there is a six month supply of inventory for Collier County. Traditionally the Naples housing market will increase in October and November as sellers get a jump on the winter buying season. Right now it takes about 16 showings before we get a contract on a home. So single-family home sales were up almost 10% in August. The price point in the Naples market makes a difference. In the $300,000 to $500,000 price category closed sales were up 10.1 percent in August. Properties under $300, 000.00 increased 6.5% were closed sales of homes between a million and 2 million dollars decreased 5.7 percent. Several factors may play a part in the closed sales prices. First we have first-time homebuyers seeing the falling interest rates. This allows them to buy more home for the money. There’s not been a better time to lock in savings and by now. Seasonal, secondary, and luxury home buyers are watching the stock market and the upcoming presidential elections and are not rushing into the Naples market as fast as new home buyers. These two factors play into the closed sales of prices. Overall the Naples real estate market is very healthy. If you like this video and want more information about the current Naples real estate market make sure you subscribe to this channel. If you have any questions concerning the Naples real estate market please leave a comment below. Again, my name is Laurie Rose and I’m a local real estate agent with John R Wood Properties. I can be reached at 239-5 95-6094 or leave a comment below. Thanks for watching and I hope to hear from you about your Naples real estate investment questions.

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