END OF YEAR STATISTICS SHOW NAPLES, FLORIDA LUXURY HOME MARKET REMAINS HOT

December and year-end statistics shows the Naples market is still hot and looks like it will remain solid in 2016. Here are a few of the numbers that represent the growing building industry in Southwest Florida.

*The number of sales closed in December, 2015 (993 closed sales) was the 2nd highest on record for the month.

*The average price of closed sales during December, 2015 increased 5% over December of 2014.

*Closings in 2015 increased in all price categories with the exception of properties priced below $250,000, driven by a shrinking supply rather than a lack of demand.

*The median price in 2015 was up 14.2%. The median price for homes over $2 Million increased 5.4% to $3,093,012.

*There were 481 sales in 2015 of homes priced above $2 Million, a 10% increase from 2014.

Big Island Builders, a luxury custom home builder, just broke ground on a new project.

This two-story waterfront home in the heart of one of Naples' premier communites, Royal Harbor was designed by the award-winning Weber Design Group. To contact Big Island Builder call 239.262.6867