Monday, July 29, 2019

Let's Talk... Hot Off The Press!
June Market Report Shows 
Strong Showing Activity

Naples, Fla. (July 19, 2019) - Naples was recently voted the 
number one southern "boomtown", which might be one reason 
showings were up during June. The June 2019 Market Report released 
by the Naples Area Board of REALTORS® (NABOR®), which tracks home 
listings and sales within Collier County (excluding Marco Island), revealed 
that 500 potential buyers were shown homes for sale in the Naples area 
every day during June. Closed sales in the Naples area during June 
decreased 10.3 percent compared to closed sales in June 2018, but closed 
sales since January have only decreased .7 percent. In fact, closed sales 
over the last 12 months are up in all price categories below $1 million.



"Now is the time to enter the market," said Mike Hughes, Vice 
President and General Manager of Downing-Frye Realty, Inc., 
who added that only homes in the $1 million to $2 million had a 
median closed price decrease in June. "Even though inventory 
in June dropped almost 12 percent, values are holding steady 
and the reduced competition provides great opportunities for sellers." 
Bill Coffey, Broker Manager of Amerivest Realty Naples, 
added that despite the inventory decrease "there is still 
6.9 months of inventory available, which is well above the 
Florida average of 4-months supply."
Broker analysts reviewing the June 2019 Market Report 
recommend sellers consult a REALTOR® before listing a 
home for sale. A REALTOR® can help a seller price a home 
competitively. They can also maximize the home's marketing 
and help the seller or buyer every step of the way. 
A shift in buyer interest to single family homes in lower price 
categories during the second quarter of the year was confirmed 
by broker analysts. During June, new listings for single family 
homes decreased 7.1 percent, while new listings for condominiums 
decreased 4.2 percent.
According to the report, there were 798 price decreases in June. 
Yet the month's overall median closed price increased 1.4 percent 
to $335,000 from $330,400 in June 2018. The single-family home 
median closed price decreased 8 percent in June, while the 
condominium market median closed price increased 1.9 percent. 
The NABOR® June 2019 Market Reports provide comparisons 
of single-family home and condominium sales (via the Southwest 
Florida MLS), price ranges, and geographic segmentation and 
includes an overall market summary. NABOR® sales statistics 
are presented in chart format, including these overall 
4(single-family and condominium) findings: 


"Year over year only properties above $2 million have had 
price increases," said Kathy Zorn, broker/owner, Better Homes 
and Gardens Real Estate Pristine. "In fact, the report shows 
condominiums under $300,000 have experienced a year over 
year decrease of 7.6 percent."
According to Wes Kunkle, President and Managing Broker at 
Kunkle International Realty, "the commercial market in Naples 
is seeing some new investor activity but not nearly as much 
as what Lee County is experiencing."
"Loan modifications coming due for some homeowners could 
be one reason there is an increase in foreclosures recently," 
said Lauren Melo, Broker at Florida's Realty Specialists. "But 
the number of HELOCs are also on the rise, which could also 
indicate increased equity and an improving market."

As always if you have any questions please feel free to reach 
out to me by e-mail at 
or by calling 239.404.7787. 

I have provided the link below for the charts containing the 
Market Statistics for June.

I hope you have a fantastic week...:0)

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