Old Naples Condo Market - 2012 Update


 The Old Naples condo market has experienced steady year-to-date results with 66 closed sales.  The total value of Old Naples condo sales y-t-d is $36.1M.  These results are on par with 2011 results in the same time period with 65 condos sold for a total value of $35.1M.

The highest priced Old Naples condo to sell so far in 2012 was located at Villas Escalante and sold for $1.995M ($654 SF).  This 3 BR / 2.5 BA / 3,049 SF unit was constructed in 2007 and included a two car garage.  The lowest priced condo to sell so far this year in Olde Naples was located at Castleton Gardens and sold for $135,000 ($213 SF).  This 1 BR / 1 BA / 631 SF unit was constructed in 1970.

Key metrics for the Old Naples condo market sales in 2012 include:

  • Units sold: 66
  • Total volume: $36.1M
  • Avg. selling price: $547,090
  • Avg. selling price/SF: $367
  • Avg. listing price: $591,277
  • Selling price to listing price ratio: 92.5%

Currently, there are 77 condo units listed for sale in Old Naples.  This  equates to an 11.5 month supply, which puts buyers in the drivers seat in the Old Naples condo market.  Here is a resource to learn more about and view active Old Naples condo listings.  Our team is available to provide information-rich, low pressure assistance to buyers looking for an Old Naples condo.

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