Naples, FL - Local Housing Data - Summary

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Naples, Marco Island, FL

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Naples, FL Local News

  • Top 10 Markets for New Residential Construction

    Housing starts numbers out today surprised many observers with its strength at the highest in eight months, but Metrostudy finds it to have been in line with actual counts released earlier this month. Metrostudy chief economist Brad Hunter breaks down the New Residential Construction release from...

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  • Naples, FL - April 2014 - New Home Closings Figures Signal Market Rise Strengthening

    New home sales rose in Naples, FL in April. The percentage of new home closings belonging to attached homes rose, climbing 13.7% percentage points. The percentage of new home closings belonging to single family homes dropped, falling 13.7% percentage points. Mortgage amounts on new homes moved up,...

Freshest Figures Show New Home Sales and Prices Rise in Naples

Posted on: Aug 08, 2014 11:38:25 AM

Closings of new homes in the Naples, FL market increased year-over-year in May, but there were signs of market leveling as the percentage hike was less than April 2014. New home closings saw a hike of 17.0% from the year earlier to 172. In comparison, new home closings in the same month last year saw a 59.6% rise year-over-year in April.

A total of 1,806 new homes were sold during the 12 months that ended in May, up from 1,781 for the year that ended in April.

As a percentage of overall housing closings, new home closings made up 10.1%. This is a lift from 8.0% of closings a year earlier. Following a year-over-year increase in April, closings of new and existing homes fell year-over-year in May.

Pricing and Mortgage Trends

The average price of new homes gained year-over-year 24.8% in May to $588,816 per unit. This surge is better than the 10.9% rise in April year-over-year.

Average mortgage size on new homes rose year-over-year along with new home prices. In May 2014, average mortgage size gained 26.6% from a year earlier to $351,001. In April 2014, average mortgage size on newly sold homes saw a 15.4% boost year-over-year from a year earlier.

 
 
 

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