Luxury real estate market surges

There were nearly 950 total residential real estate sales in Naples in the first quarter.

By Business Observer Staff
| 2:28 p.m. April 16, 2018
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Charlotte–Lee–Collier

NAPLES — The high-end side of the real estate market in Naples continues to outperform expectations.

The latest news nugget: Sales of homes above $1 million increased 61% in the first quarter compared to the first quarter of 2017, according to a market report from the Naples Area Board of Realtors. In addition, there was a 69 % increase in closed sales of condos in the $2 million and up category.