Goodland
REAL ESTATE
Gated Naples project sets home prices to start at $2M
Price points have been released for Opus Stone, a gated community under development in north Naples. Homes in the 50-acre development, according to a statement, will be priced at $2 million and up. There are 51 homes in the project, at Vanderbilt Beach Road and Massey Street. The company behind...
Profit margins for Naples area home sales drop in 2nd quarter
Home sellers across the U.S. earned an average 55.8% profit margin on typical single-family home and condo sales during the second quarter, according to data from land, property and real estate curator Attom’s second-quarter 2024 U.S. Home Sales Report. That figure was largely unchanged, rising about 1% from the first quarter, but remaining down 1% from the second quarter of last year. The Naples area had the fifth biggest year-over-year decrease in typical profit margins, dropping from 84.9% to 69.2%. It trailed only Hilo, Hawaii (down from 80.5% to 45.3%), Port St. Lucie (down from 95% to 73.9%), Daphne-Fairhope (down from 49.8% to 45.1%) and Crestview-Fort Walton Beach (down from 60.7% to 45.1%). Naples was among the top metropolitan areas where all-cash sales represented the largest share of transactions in the second quarter with 61.5%.
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