Naples Real Estate prices up in December 2022

“A Look at the Naples Real Estate Market in December 2022”

The Naples real estate market was bustling with activity in December 2022, with a total of 351 transactions that were finalized. Of these transactions, 190 were in hard currency sales, accounting for 54.40% of the total sales. This indicates a strong preference for cash sales in the area.

The median price in Collier County rose by $50,000 from $730,000 in December 2021 to $780,000 in December 2022, with an average price per unit of $1,524,445. The total sales amounted to $535.1 million dollars, showcasing the significant investment potential in the area.

One of the most noteworthy trends in the Naples real estate market was the average reduction from the list price, which was 94.20%. This highlights the willingness of sellers to negotiate and work with buyers to reach a mutually beneficial agreement. The average length of contract negotiations was 42 days, showcasing a fairly quick and efficient process. On average, a typical sale takes 85 days from start to finish.

The Naples real estate market is also looking ahead, with 344 proposed new sales and 423 available new listings. These listings are in addition to the 583 pending stocks and 1,858 available stocks. This provides a healthy inventory for buyers to choose from, with inventory months available standing at 4.2.

In conclusion, December 2022 was a busy and productive month for the Naples real estate market. The preference for cash sales, significant investment potential, quick negotiation processes, and a healthy inventory make it an attractive market for both buyers and sellers. If you’re looking to invest in real estate, the Naples market is definitely worth considering.