Market Insights Postcard

Page 1

LOCAL MARKET UPDATE

BAY COLONY

Strike while the market’s hot! If you’re thinking about moving, downsizing or just want to capitalize on your home’s value, now is the time. The real estate market is exceptionally hot right now, providing you with an ideal opportunity to get the maximum value for your home before the market cools.

CHANGES FAVORING SELLERS

Bay Colony - Condos | April 2022

Data Represented on 12-Month Rolling Basis

Yochi Melnick | 239.269.6527

yochi@yochimelnick.com | www.yochimelnick.com

792 Broad Avenue South, Naples, Florida 34102

William Raveis Real Estate

792 Broad Ave South

Naples, FL 34102

The source of the market data is from SWFLAMLS and is considered reliable but is not guaranteed. Anyone who chooses to rely on this information for market decisions should have it independently verified. If your home is currently listed, please disregard this notice as it is not my intention to solicit other brokers’ listings.

CURRENT YEAR PREVIOUS YEAR % CHANGE Unit Sales 40 57 -29.8% Avg. List Price $4,477,654 $3,708,675 20.7% Months of Supply 0.60 4.00 -85.0% Days on Market 39 160 -75.6% Avg. Sales Price/SF $1,003.7 $789.2 27.2% Sales/List Price 97.4% 94.1% 3.5% Inventory 2 19 -89.5%

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