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Mediterra Blog

Naples Spring Real Estate Market Update

by Arelys Alexander

Renowned for its picturesque white sand beaches, sophisticated arts scene and carefree coastal lifestyle, Naples is one of Florida’s most popular towns. According to the latest statistics from the Naples Area Board of Realtors (NABOR), Naples new homes are in high demand with primary and vacation residents alike. Luxury homes in particular are showing excellent growth as the overall economy improves.

Check out these highlights from NABOR’s February 2014 findings:

  • Closed sales rose 44% in the $2 million category over the past 12 months. This jump can be accounted to more buyers in the market seeking luxury homes and a rise in consumer confidence.
  • Overall inventory was down 15% at the end of February 2014 compared to the end of February 2013. Standing inventory is moving steadily now and prices are likely to continue their upward ascent as inventory decreases.
  • Another sign of increasing demand is the decrease in Days on Market by 44% between February 2013 and February 2014. Homes are on the market for less time and yet commanding a 14% increase in median price.

Now is a Great Time to Buy

With interest rates on the rise and demand strong, now is a great time to start your search for Naples homes for sale. Naples offers access to refined dining, entertainment, fitness activities and shopping. While most popular for golf, Naples offers a wide array of outdoor activities that range from fishing to tennis. Spend leisurely days searching for one-of-a-kind art, enjoying 18 holes or simply lounging in the balmy Florida sunshine.

Life in Naples

London Bay Homes is pleased to offer custom villas and estate homes in some of the area’s most desirable neighborhoods, including Mediterra. Expertly-planned grounds combine with gorgeous luxury homes and top-notch amenities to deliver a lifestyle of exceptional comfort and value.

Real estate in Naples is on the rise. Get in now by contacting us to schedule a private tour of one of our fine communities.

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