Nova Homes of South Florida building custom homes in Naples since 2004 - New home under construction on 2.5 acres.
March Headlines
Naples
3-month median price in March was $425,000. This is up 10.4% from $385,000 in March of 2017.
New listings are down by 12.7%.
Days on market is down 6.8% to 96.
Sales
There were 507 unit sales in March. This is up 1.8% from 498 in March of 2017. This is the highest unit sales have been since 539 in May, 2017. Sales/list price ratio in March moved up to 94.3% from 93.9% in February.
Prices
Median price in March was $425,000. This is up 6.3% from $400,000 in March of 2017. 3-month median price of $425,000 in March was very slightly up from $415,000 in February and up modestly from $385,000 in March of 2017. Price per square foot in March was $246. This is down from $263 in February but up from $240 in March of 2017.
Market Time
Days on market of 96 in March was down a little from 98 in February and down modestly from 103 in March of 2017. This is the lowest days on market has been since June, 2017.
Changes Favoring Buyers
3 Months Ending March, 2018% Chg From Mar, 2017
Unit Sales1,135-5.3%
Went To Contract1,455-2.9%
Changes Favoring Sellers
3 Months Ending March, 2018% Chg From Mar, 2017
Median Sale Price $425,000-10.4%
Market Time (Days)99-3.9%
Price per Sq Ft for Sold $243-4.9%
Sales to List Price Ratio 94.0%-0.2%
New Listings 2,425-4.6%
It is a very good time to build
Since 2004, Nova Homes of South Florida has been building custom homes in Southwest Florida.
Homes are priced from the $200s to over $2 million. For more information contact Nick Cornwell at 239.776.5076 or email at BuildNow@NovaHomesBuilder.com.