Naples condo prices jump 21%

NAPLES — The median price of an existing condominium in Naples hit $263,000 in April, up 21% compared with the same month one year ago.

Condo prices were particularly strong at the upper price ranges. For example, the median price of existing condos at more than $2 million rose 16% to $2.95 million in April compared with the same month in 2014, according to the Naples Area Board of Realtors.

Meanwhile, the median price of an existing single-family home rose just 1% in April to $375,000 compared with April 2014. For homes priced at more than $300,000, the median price fell 8% to $525,000 in April compared with the same month one year ago.