According to data from the Naples Area Board of Realtors the median price of existing single-family homes are up 18% to $375,000 in September compared with the same month in 2014. At the current pace of homes being sold, there is less than a two-month supply of inventory for existing, single-family sub-$300,000 homes in the Naples area. The winter tourism season is traditionally the busiest home-selling time of the year in Southwest Florida.
“Out of the 945 homes for sale under $300,000, only 291 are single-family homes,” writes Brenda Fioretti, managing broker at Berkshire Hathaway HomeServices Florida Realty. “Due to the increase in home values, many homes previously listed in the lower price categories have crept up to the next higher price category.”
