December Real Estate Activity

The most recent Naples December real estate activity reports revealed that 594 properties were sold, amounting to just over $500 million in monthly sales. Notably, the highest-priced sale was a Port Royal Estate for $19,000,000.

Furthermore, the luxury real estate market saw a notable increase in high-value transactions, with 172 properties sold at or above $1 million up from 112 sales the previous month.

Notably, 40 percent of the area’s top 10 highest-priced sales occurred in golf communities, including Pelican Bay, Quail West, and Grey Oaks.

During the year, 15,459 new listings were added to the market, a 15.7 percent increase. Ultimately, 10,090 properties went under contract, and 7,966 homes closed in the Naples area.

Florida remains a top destination for people relocating. A recent survey by U-Haul found that it was among the top states adding net new residents. Furthermore, the weather, beautiful beaches, no state income tax, and job opportunities offer an attractive lifestyle for families and retirees alike.

December Real Estate Activity for Naples

December 2024 versus December 2023 Highlights:

• Closed sales increased 5 percent, going from 568 transactions up to 594 sales.
• Inventory increased 36 percent to 5,695 homes for sale, compared to 4,198 last year.
• New listings increased from 980 to 1,184, a 26 percent jump.
• Median days on market increased to 84 days, a 42 percent increase, versus December of 2023.

In December, 306 single-family homes and 288 condos were sold, for a total of 594 sales. This marked a 5 percent increase in sales compared to the previous year.

The median price for single-family homes increased to $767,500 from $750,000 year-over-year. Additionally, it increased from $740,000 during the previous month.

On the other hand, the median sales price for condominiums decreased from $520,000 in December 2023 to $447,500 in December last year. However, it increased slightly month over month, going from $415,000 to $447,500.

Additionally, between November and December, the average number of days it takes for a property to go to contract increased from 83 to 84. However, this figure still falls short of the typical 90 to 120 days in a normal market.

So, is it a good time to buy a home in Naples? Let’s connect to discuss.

December Real Estate Activity for Luxury Golf Homes

• $10,375,000 – 8171 Bay Colony Dr. Penthouse 2 in Pelican Bay with 5,643 sq. ft. (91% of list price)
• $8,450,000 – 715 Teal Ct. in Pelican Bay with 4,495 sq. ft. (99% of list price)
• $7,300,000 – 4309 Deephaven Ln. in Quail West with 5,874 sq. ft. (97% of list price)
• $6,675,000 – 1254 Waggle Way in Pelican Marsh with 6,971 sq. ft. (95% of list price)
• $6,525,000 – 8473 Bay Colony Dr. Unit 2003 in Pelican Bay with 3,200 sq. ft. (100% of list price)
• $6,250,000 – 3142 Dahlia Way in Grey Oaks with 5,853 sq. ft. (96% of list price)
• $6,250,000 – 5019 Groveland Ter. in Quail West with 8,459 sq. ft. (82% of list price)
• $6,100,000 – 7935 Vizcaya Way in Pelican Bay with 3,780 sq. ft. (98% of list price)
• $5,700,000 – 1461 Anhinga Pt. in Grey Oaks with 5,075 sq. ft. (95% of list price)
• $5,600,000 – 13741 Pondview Cir. in Quail West with 6,584 sq. ft. (95% 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.