Naples Area Market Report Naples Area Market Report | Page 22

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

East Naples

34114 , 34117 , 34120 , 34137
Single Family
February
Year to Date
Key Metrics
2023
2024
% Change
Thru 2-2023
Thru 2-2024
% Change
New Listings
209
266
+ 27.3 %
448
561
+ 25.2 %
Total Sales
138
126
- 8.7 %
238
226
- 5.0 %
Days on Market Until Sale
65
67
+ 3.1 %
60
69
+ 15.0 %
Median Closed Price *
$ 564,948
$ 650,000
+ 15.1 %
$ 599,500
$ 649,250
+ 8.3 %
Average Closed Price *
$ 701,551
$ 850,857
+ 21.3 %
$ 715,471
$ 827,209
+ 15.6 %
Percent of List Price Received *
96.5 %
96.7 %
+ 0.2 %
96.7 %
96.6 %
- 0.1 %
Inventory of Homes for Sale
563
800
+ 42.1 %
––
––
––
Months Supply of Inventory
4.1
6.1
+ 48.8 %
––
––
––
Condo
February
Year to Date
Key Metrics
2023
2024
% Change
Thru 2-2023
Thru 2-2024
% Change
New Listings
83
109
+ 31.3 %
181
213
+ 17.7 %
Total Sales
58
40
- 31.0 %
92
73
- 20.7 %
Days on Market Until Sale
47
98
+ 108.5 %
44
78
+ 77.3 %
Median Closed Price *
$ 487,000
$ 502,500
+ 3.2 %
$ 470,000
$ 465,000
- 1.1 %
Average Closed Price *
$ 518,905
$ 547,734
+ 5.6 %
$ 517,529
$ 536,564
+ 3.7 %
Percent of List Price Received *
97.2 %
96.6 %
- 0.6 %
97.1 %
97.4 %
+ 0.3 %
Inventory of Homes for Sale
166
325
+ 95.8 %
––
––
––
Months Supply of Inventory
3.0
6.5
+ 116.7 %
––
––
––
* 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 East Naples
Median Closed Price - Condo
Rolling 12-Month Calculation
$ 600,000
Overall Naples Market East Naples
$ 600,000
$ 500,000
$ 400,000
$ 400,000
$ 300,000
$ 200,000
$ 200,000
$ 0 1-2006 1-2008 1-2010 1-2012 1-2014 1-2016 1-2018 1-2020 1-2022 1-2024
$ 100,000
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 . | 21