Naples has an estimated population of 22,088. It is one of the wealthiest cities in the United States, with a large population of millionaires. The city has a booming economy, with various businesses and non-profit organizations calling Naples home. Tourism also drives the city’s economy, as Naples has many major attractions.
Naples has a very expensive real estate market, with 43.8% of the homes worth more than $1.13M. As one of the richest cities in the country, this comes as no surprise. Most of the residents here — 78%, in fact — own their homes, too.
The median home value in Naples is $967,589, but the median listing price sits at $415K at $219 per square foot. Multiple offers are hard to come by, and homes typically sell in around 86 days and 4.6% under the list price. Hot homes, though, can sell for 1% below the list price and turn to pending in just 28 days. The most expensive neighborhood in Naples is Port Royal, with a median listing price of $8.5M. On the other hand, Sun Terrace is the most affordable neighborhood, with a median listing price of $577.5K.
Investing in a property is a big decision and one that you must put ample time into considering. As the properties here cost more, you have more to lose. As such, you naturally want to get the best price for the property you want to purchase. Negotiation is a significant part of real estate sales, though it is a skill that not a lot of people have. For this reason, you need professional Naples real estate agents who can help you land the best possible deal.
Hide Text