Naples November real estate activity

Naples November Real Estate Activity

The most recent Naples November real estate activity reports revealed that 448 properties were sold, amounting to just over $550 million in monthly sales. Notably, the highest-priced sale was a Port Royal Estate for $29,070,000.

Furthermore, the luxury real estate market saw a slight increase in high-value transactions, with 112 properties sold at or above $1 million up from 104 sales the previous month.

Notably, 80 percent of the top 10 highest-priced sales in the area occurred west of U.S. 41 in Port Royal, Pelican Bay, Royal Harbour, Aqualine Shores, and Olde Naples.

Naples continues to rise on people’s radar over other areas of the state as a prime destination. For example, those who previously considered Palm Beach the place to go are now turning to Naples. And, in case you missed it last month, the latest U.S. News & World Report rankings have Naples secured the top spot on both the “Best Places to Live” and “Best Places to Retire” lists.

With so many awards and recognitions, it’s no surprise that people are flocking to the Sunshine State to enjoy the unmatched lifestyle Naples and Southwest Florida have to offer.

November Real Estate Activity for Naples

November 2024 versus November 2023 Highlights:

• Closed sales decreased 18 percent, going from 549 transactions down to 448 sales.
• Inventory increased 32 percent to 5,368 homes for sale, compared to 4,052 last year.
• New listings increased from 1,218 to 1,498, a 23 percent jump.
• Median days on market increased to 83 days, a 41 percent increase, versus November of 2023.

In October, 239 single-family homes and 209 condos were sold, for a total of 448 sales. This marked an 18 percent decrease in sales compared to the previous year.

The median price for single-family homes increased to $740,000 from $720,000 year-over-year. Additionally, it increased from $727,000 the previous month.

On the other hand, the median sales price for condominiums decreased from $465,000 last November to $415,000 in November of this year. However, the median increased slightly from $413,750 month over month.

Additionally, the average days it took for a property to go to contract decreased from 89 to 83 between October and November. However, this figure still falls short of the typical 90 to 120 days in a normal market.

It is important to note that the condominium market for buildings three floors or higher and over 25 years old has significantly changed due to recent changes in state laws. If you are considering purchasing a high-rise or mid-rise condo, we can help you navigate the changes.

Top 10 Luxury Naples Golf Home Sales in November

• $17,500,000 – 9869 Grenadier Blvd. PH 04 in Pelican Bay with 5,703 sq. ft. (88% of list price)
• $6,475,000 – 16971 Cortile Dr. in Mediterra with 5,351 sq. ft. (97% of list price)
• $6,200,000 – 8787 Bay Colony Dr. #1803 in Pelican Bay with 4,160 sq. ft. (97% of list price)
• $5,500,000 – 15809 Savona Way in Mediterra with 6,000 sq. ft. (92% of list price)
• $5,215,000 – 6359 Burnham Rd. in Quail West with 4,157 sq. ft. (95% of list price)
• $5,135,000 – 574 Portsmouth Ct. in Audubon with 6,031 sq. ft. (100% of list price)
• $4,225,000 – 1306 Noble Heron Way in Grey Oaks with 4,046 sq. ft. (92% of list price)
• $2,850,000 – 9309 Rapallo St. in Esplanade with 3,660 sq. ft. (95% of list price)
• $2,700,000 – 28662 La Callie Dr. in Quail West with 3,347 sq. ft. (100% of list price)
• $2,6000,000 – 250 Silverado Dr. in The Vineyards with 3,850 sq. ft. (100% of list price)

New Listings in Golf Communities

So, if you want to monitor the market, we can set up a custom, fully automated property search or sign you up for automatic property alerts. Please call us anytime to set up the alerts based on your criteria.

Make Naples Your New Home

With its unbeatable combination of natural beauty, health-conscious living, and vibrant community, Naples stands out as a premier choice for those looking to relocate. Whether you’re drawn by the low taxes, top-tier healthcare, or the array of recreational activities, Naples offers a lifestyle that’s hard to beat.

Don’t miss your chance to be part of this thriving community in the heart of Florida’s paradise. Start your journey to owning a home in Naples today and experience why this area remains a top choice for discerning homeowners.

When navigating the intricate real estate market, whether buying or selling, the Naples Golf Guy team is here to assist you. Our team consists of dedicated REALTOR® professionals who possess the knowledge and experience to offer you precise and up-to-date market information.

Feel free to contact us via phone, email, or text at 239.370.0892 to fulfill all your real estate requirements.