The Naples luxury home market saw an increase in overall sales this summer. This corresponds to figures released from the National Association of Realtors (NAR).
According to NAR, the home sales for $1 million plus homes were up .7 percent in July 2010 as compared to last year at the same time. These figures are a percent of total sales or about 61,500 million-plus sales nationally.
The $1 million-plus segment was the only price range showing positive growth in July as compared to last year. Naples homes in the $1 million-plus range saw the highest sales in March, April, May, June and July of 2010 with over 200 sales total.
Although a slower month overall on the Naples real estate books, at our company, White Sands Realty, we had two million-plus sales in Grey Oaks and the Estuary at Grey Oaks in August of 2010.
Currently, we continued to see strong interest in the Naples luxury home market. Buyers are calling us with interest in Naples homes from $1.2 million up to over $8 million estate homes. Already this month there have been eleven Naples property sales in excess of $1 million.