Naples Area Market Report Naples Area Market Report | Page 20

Local Market Update – February 2024
Local Market Update – February 2024
A Research Tool Provided by Naples Area Board of REALTORS ®

Central Naples

34104 , 34105 , 34116
Single Family
February
Year to Date
Key Metrics
2023
2024
% Change
Thru 2-2023
Thru 2-2024
% Change
New Listings
88
91
+ 3.4 %
162
187
+ 15.4 %
Total Sales
43
37
- 14.0 %
88
61
- 30.7 %
Days on Market Until Sale
44
54
+ 22.7 %
49
51
+ 4.1 %
Median Closed Price *
$ 725,000
$ 830,000
+ 14.5 %
$ 655,000
$ 721,000
+ 10.1 %
Average Closed Price *
$ 813,968
$ 1,062,511
+ 30.5 %
$ 799,243
$ 1,459,702
+ 82.6 %
Percent of List Price Received *
94.7 %
95.1 %
+ 0.4 %
94.9 %
95.2 %
+ 0.3 %
Inventory of Homes for Sale
164
243
+ 48.2 %
––
––
––
Months Supply of Inventory
2.9
5.3
+ 82.8 %
––
––
––
Condo
February
Year to Date
Key Metrics
2023
2024
% Change
Thru 2-2023
Thru 2-2024
% Change
New Listings
71
114
+ 60.6 %
166
259
+ 56.0 %
Total Sales
42
52
+ 23.8 %
91
81
- 11.0 %
Days on Market Until Sale
33
50
+ 51.5 %
35
49
+ 40.0 %
Median Closed Price *
$ 424,000
$ 374,250
- 11.7 %
$ 372,500
$ 373,500
+ 0.3 %
Average Closed Price *
$ 501,964
$ 520,240
+ 3.6 %
$ 447,563
$ 502,720
+ 12.3 %
Percent of List Price Received *
97.6 %
95.4 %
- 2.3 %
96.8 %
95.8 %
- 1.0 %
Inventory of Homes for Sale
145
310
+ 113.8 %
––
––
––
Months Supply of Inventory
2.1
6.0
+ 185.7 %
––
––
––
* Does not account for sale concessions and / or downpayment assistance . | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size .
Median Closed Price - Single Family
Rolling 12-Month Calculation
$ 800,000
Overall Naples Market Central Naples
Median Closed Price - Condo
Rolling 12-Month Calculation
$ 600,000
Overall Naples Market Central Naples
$ 500,000
$ 600,000
$ 400,000
$ 400,000
$ 300,000
$ 200,000
$ 200,000
$ 100,000
$ 0 1-2006 1-2008 1-2010 1-2012 1-2014 1-2016 1-2018 1-2020 1-2022 1-2024
$ 0
1-2006 1-2008 1-2010 1-2012 1-2014 1-2016 1-2018 1-2020 1-2022 1-2024
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point . If no activity occurred during a month , the line extends to the next available data point .
Current as of March 10 , 2024 . All data from Southwest Florida MLS . Report © 2024 ShowingTime Plus , LLC . | 19