Naples home prices jump

NAPLES — Median home prices in Naples rose in March, but the number of sales dropped compared with the same month last year as fewer homes were listed for sale.

The median price of a Naples-area single-family home in March rose 11% to $287,000 compared with March 2012. The median price of a condo rose 38% to $228,000 in that same period, according to the Naples Area Board of Realtors.

“For two years there has been a progressive increase in the median closed price,” says Steve Barker, advising broker for Naples Realty LLC, in a statement. “In the under-$300,000 category for the first quarter 2013, the median closed price increased 18%. Therefore, we may see homes moving into the higher $300,000-to-$500,000 price range.”