Naples home prices surge, but increase could slow

NAPLES — Median prices of single-family homes and condos in Naples jumped more than 20% in February compared with the same month one year ago, but there are indications the increases may be slowing.

The median price of a single-family home in Naples rose 20% to $260,000 in February compared with the same month one year ago, according to the Naples Area Board of Realtors. The median condo price rose 27% to $198,000 in that same period.

However, the median price of single-family homes sold for more than $300,000 rose just 2% in February to $547,000 compared with February 2012. The median price of condos selling for more than $300,000 fell 3% to $545,000 in that same period.