Naples home prices rise

NAPLES — The median price of an existing single-family home in Naples rose 25% to $232,000 in September compared with the same month one year ago, according to the Naples Area Board of Realtors.

Meanwhile, the number of existing single-family home sales fell 6% to 268 in September. The inventory of single-family homes for sale in the Naples area declined 12% to 2,884.

By contrast, the median price of a condominium in Naples fell nearly 3% to $151,000 in September compared with September 2011. The number of condo sales rose 11% to 268. The inventory of condos for sale in September dropped 12% to 3,311 compared with the same month one year ago.

“More inventory would be helpful to the market,” says Cindy Carroll, vice president of Carroll & Carroll Real Estate Appraisers & Consultants, in a statement from the Realtor group. “Resale inventory continues to decline despite the fact that new home building has returned.”