Inventory rose 4 percent in the single-family home resale market during October according to the October 2015 Market Report released by the Naples Area Board of REALTORS® which tracks home listings and sales within Collier County. This rise in single-family home inventory is needed to meet seasonal demand. Broker analysts reviewing the report said it displayed familiar trends that – historically speaking – will set the stage for what is expected to be a busy winter season in real estate.
Broker analysts were pleased when they reviewed the Third Quarter Market Report released by the Naples Area Board of REALTORS® which tracks home listings and sales within Collier County (excluding Marco Island). The report showed positive trends during the summer months of 2015, with increased activity in neighborhoods located inland (east of 41) including South, East and Central Naples. Overall closed sales for single-family homes in the $1-million to $2-million price category outpaced all other price categories with a 79 percent increase (quarter over quarter) from 56 single-family homes sold in the Third Quarter of 2014 to 100 sold in the Third Quarter of 2015.
“The third quarter report confirmed to us that summer was strong for home sales,” said a local Broker, referring to double-digit increases in closed sales for homes priced above $300,000. “I’m especially impressed at how well the high-end single-family home market did in the past three months because we typically see more people buy in this range between Christmas and Easter.”