Old Naples Condo Market

Posted on April 15, 2014

The Old Naples Condo Market is Hot Hot Hot! 

The Colonnade on Fifth Avenue South [photo inset] is priced at $1,270,000. USD and offers the best of the best of downtown living. Located directly on 5th Avenue S., the top floor home has over 2,500 square feet under air! The spacious 3 bedroom residence has many luxury features including granite kitchen, solid wood cabinetry, bamboo flooring and plantation shutters. The master suite has a sitting area, large walk-in closets and a luxurious bath. The open concept floorplan boats a 32′ great room and 2 balconies! You are literally steps away from all the wonderful Old Naples amenities including world class restaurants & galleries, live theater, and just a few short blocks to the pristine white sand beaches! Call today for additional information or to set up a private showing for this or other listings currently available in Old Naples. 239-370-0574239-370-0574

Market News:

*Presently there are 67 active condominium listings in the downtown Naples area. Of those, 24 are “Previews properties”; those listed at or above $1 million dollars. Prices currently start in the low $200’s and the highest priced listed condo is being offered at $2,799,000. USD There have been 62 closed condo sales year-to-date in Old Naples. That is less than a 3 month absorption rate! Of those closed sales, 16 were listed at or above $1 million dollars. That is remarkably less than a 4 month absorption rate in this luxury price point. The luxury market is extremely robust in many of the coastal neighborhoods, but the activity is more than evident in the number of actives vs. closings in downtown Naples!

If you are interested in more information, please call a member of The Harris Peppe Team today. Our team is ranked in the top 1% of all agents internationally and they have a combined 60+ years of experience selling the Naples Florida lifestyle. They can assist you with relocation, 2nd home services, 1031 exchanges and investment strategies, as well as guiding you through the process in establishing your Florida residency.

 Thank you, and make it a great day,

The Naples Real Estate Blogger

*information from the Naples MLS and is deemed reliable but not guaranteed