Naples home prices keep rising

NAPLES — The median price of homes in the Naples area continued to rise in December by double-digit annual-percentage increases even as experts cautioned prices are stabilizing.

The median price of an existing single-family home rose 14.5% in December compared with December 2013 to $378,000, according to the Naples Area Board of Realtors. In addition, the association reported the median price of an existing condominium rose 14.9% to $239,000 in December compared with the same month one year ago.

“Even though the report shows that the overall inventory decreased 6% in 2014, it increased in several price categories including the very high end,” says Coco Waldenmayer, managing broker at John R. Wood Properties, in a statement from the association.