Irma Who? 2017 Home Sales in Naples Up Over 2016
A New 'Spec Home' under construction in Naples by Nova Homes of South Florida. This home is available, and will be ready for occupancy, March, 2018.
Even with Hurricane Irma paying an unwelcome visit to Naples and surrounding communities on September 10, the Naples real estate market remains hot through 2017.
Total closed home sales increased 4 percent in 2017, to 8,815 from 8,510 in 2016, 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. There were 9,121 total pending sales in 2017, up 2 percent from 8,903 in 2016. Report analysts said above average employment rates, low inflation, positive stock market activity, and increased consumer confidence contributed to the annual results. Increasing values in market sectors with tightening inventories may emerge in 2018, Cindy Carroll, SRA of Carroll & Carroll Appraisers and Consultants LLC added.
For more information regarding Nova Homes' collection of "HIgh Performance" homes visit www.novahomesbuilder.com, or call 239.307.6116. The home featured above is over 2,200 square feet of living space on 2.5 acres, with three-car garage and many upgraded features - The home is listed at $499,000.