January 2024 Naples FL Real Estate Recap

The latest 2024 Naples FL real estate recap showed 484 properties sold for just over $565 Million during January. The highest-priced sale was an estate with an organic farm in Acreage Header for $30,950,000.

Additionally, 131 of the real estate transactions for the month were at or above $1 Million.

Overall, inventory ended the month with 3,639 properties for sale, representing a 59 percent increase over the same time last year. It was also a 17.5 percent increase over the previous month. There was a sizable increase in new listings with 1,780 new properties that came to market during the month, giving Buyers more options. Additionally, Buyers have more time to make a purchasing decision with the days on market trending upwards.

Florida remains a top destination for homebuyers and businesses. The Sunshine State was recently ranked the 2nd Best Small Business State in the country according to a Simplify LLC Study.

Further, our state was ranked the Best State for Retirement according to WalletHub due to low taxes and miles of shoreline.

Whether you are ready to retire now or in a few years, we can help you find the ideal community and home to fit your lifestyle.

January 2024 Naples FL Real Estate Recap

January 2024 versus January 2023 Highlights

• Closed sales decreased 14 percent compared to January of last year.
• Overall pending sales decreased 8 percent versus the same time in 2023.
• Inventory increased 59 percent up from 2,921 homes to 4,639 homes for sale.
• Average days on market increased 15 percent up to 61 days compared to January of 2023.

In all, there were 243 single-family homes and 284 condos sold for a total of 241 sales during the month. The total number of property sales were 14 percent lower than the same time last year.

The median single family price came in at $755,500 for January, up from $725,000 during the prior month. And, the median condo sales price was $475,000 down from $525,000 during the month before.

Further, even though the number of days it took for a property to go to contract increased quite a bit over last year (15% increase), it only increased 2 days over the previous month. The typical number of days on the market during a healthy market is 120 days, well above the January levels.

Bottom line, season is in full-swing. If you are considering selling, now is the ideal time to list your property for sale. If you are a buyer, there are already more options to chose from.

Whether you are buying or selling, let us help you navigate this complex market. The Naples Golf Guy team members are all REALTOR® professionals who have the expertise to provide you with timely and accurate market data. Call, email or text us today for all of your real estate needs – 239.370.0892.

Luxury Naples Golf Home Sales in January

• $6,095,000 – 8787 Bay Colony Dr. Unit 1604 in Pelican Bay with 3,415 sq. ft. (100% of list price)
• $4,800,000 – 1535 Marsh Wren Ln. in Grey Oaks with 3,682 sq. ft. (100% of list price)
• $3,350,000 – 6622 Costa Cir. in Lely Resort with 4,089 sq. ft. (93% of list price)
• $3,212,865 – 16745 Cabreo Dr. in Mediterra with 3,101 sq. ft. (102% of list price)
• $3,000,000 – 4287 Silver Fox Dr. in Quail Creek with 4,161 sq. ft. (95% of list price)
• $3,000,000 – 6589 Costa Cir. in Lely Resort with 3,206 sq. ft. (86% of list price)
• $2,900,000 – 2638 Trillium Way in Grey Oaks with 2,665 sq. ft. (97% of list price)
• $2,890,000 – 11935 Hedgestone Ct. in Twin Eagles with 3,790 sq. ft. (96% of list price)
• $2,700,000 – 874 Barcarmil Way. in Colliers Reserve with 3,943 sq. ft. (96% of list price)
• $2,665,000 – 13024 Bald Cypress Ln. in Quail Creek with 4,240 sq. ft. (92% of list price)

New Listings in Golf Communities

If you just want to keep an eye on the market, we can set up a custom property search that is fully automated or sign up for automatic property alerts.  Please feel free to call us any time to set up the alerts for you based on your criteria.