Naples home prices rise 14%

NAPLES — The median price of an existing single-family home in the Naples area rose 14% to $425,000 in January compared with the same month in 2015, encouraging sellers to list their homes for sale.

Home prices for existing single-family homes rose most significantly on both the high and low ends of the market in January compared with the same month one year ago, according to data from the Naples Area Board of Realtors. The median price of an existing single-family home in the below-$300,000 category rose 26% to $239,000. In the highest price category of more than $2 million, the median price of an existing single-family home rose 13% to $3.6 million.

Meanwhile, the median price of an existing condo in the Naples area rose 5% to $278,000 in January compared with January 2015. Like existing single-family homes, the lowest- and highest-priced condos also drove the overall median price higher.