Naples Named the No. 2 Fastest-Growing Luxury Home Market
Stay classy, Naples.
Naples continues to see strong growth in the luxury home market—so much so that it's among the best in the country.
Collier County is the second-fastest-growing luxury real estate market in the country, according to a study from Realtor.com. The study looked at the entry-level prices for the top 5 percent of home sales in April for 91 markets. The Naples area saw 15.9 percent year-over-year growth, coming in just behind Sarasota. According to the report: "In particular, Sarasota and Collier counties have been accelerating rapidly, with entry-level luxury prices now up 15 to 20 percent year-over-year. The median days on market of luxury properties in these two counties combined is now 143 days, down 22 percent year-over-year on average. In Sarasota, luxury prices have crossed the $1 million mark for the first time." (Naples had an entry point of $1.67 million.)
See the full ranking here.