April delivered a much-needed surge in closed sales for the Naples real estate market, signaling a pivotal shift as both buyers and sellers begin to find common ground on pricing. According to the latest data from the Naples Area Board of REALTORS® (NABOR®), the market is adapting — with price adjustments, increased inventory, and strong demand reshaping the landscape.
Notably, there were two record-setting multi-million dollar sales in the city of Naples. The first was the sale of three connected lots that sold to a single owner in the city’s prestigious Port Royal neighborhood for $225 million. That was promptly followed by the sale of a Naples Bay front estate for $85 million to a local billionaire and entrepreneur. Furthermore, according to a recent article in the Wall Street Journal, the ultra-wealthy are shifting assets into luxury real estate, as evidenced by the surge in sales of homes priced at $10 million and up nationwide.
Additionally, luxury sales in the Naples area were dominated by properties sold west of U.S. 41 on the water or within a few blocks of the beach. The top 20 sales were all in the coastal region from Port Royal up to Vanderbilt Beach and ranged in price from $6.2 million to $133 million. Overall, 266 properties sold at or above the $1 million mark for just over $973 million.
So, now that inventory has grown and prices have adjusted to reflect the market, buyers have tremendous opportunities.
Overall Inventory: 7,254 homes (▲ 34% YoY)
Closed Sales: 893 homes (▼ 12% YoY, but ▲ 9% from March 2025)
Pending Sales: 1,004 contracts (▼ 10% YoY)
New Listings: 1,333 properties (▼ 3% YoY)
Median Closed Price: $585,000 (▼ 10% YoY)
Average Days on Market: 84 days (▲ 27%)
A standout trend this spring is the 10% drop in median closed prices across Naples. Sellers are increasingly responsive to market signals, with over 2,500 price reductions in April alone. This recalibration is opening the door for more buyers to step in — especially as inventory levels climb and competition softens from the frenzied pace of 2022.
Why the Price Drop?
While average prices spiked due to two ultra-luxury sales in Port Royal (an $85M estate and a $225M land acquisition), these outliers skewed the data. The median price offers a more accurate reflection of the broader market. For example:
Single-family homes: Median price fell to $745,000 (▼ 6.1%)
Condos: Median price dipped to $490,000 (▼ 6.7%)
East Naples saw the biggest shift with a 13.5% drop in median price.
With over 7,000 active listings, buyers have more choices than they’ve had in years. But that also means sellers must price competitively. Homes sitting over 84 days—the current average—are unlikely to sell unless there’s a price adjustment.
The days of “aspirational pricing” have come to an end.
Many homeowners traditionally take their homes off the market in summer—but that might be a mistake in 2025. With more serious buyers shopping during the slower months, keeping your home listed could pay off.
Buyers: With inventory up and prices adjusting, this could be your best chance in years to secure a home in Naples at a fair market value—before interest rates or demand shift again.
Sellers: Work with a local Naples REALTOR® who understands the nuances of pricing in your neighborhood. Accurate pricing and strategic marketing are key to avoiding long days on market.
Luxury golf properties in Naples, FL, remain in high demand due to lifestyle, exclusivity, and financial factors.
The top 10 sales in April ranged from $4,825,000 to $15,500,000.
Not sure which golf community is right for you? Let us be your guide. Call 239.370.0892 today.
Today’s Naples housing market is full of opportunity — but navigating it successfully takes local knowledge and expert advice. Whether you’re buying your dream home or selling your current property, working with a trusted Naples REALTOR® ensures you’ll make smart, informed decisions.
Learn more about The Naples Golf Guy Team…
For expert guidance in Southwest Florida real estate, contact Naples Golf Guy, Matt Klinowski P.A. Whether you’re looking to buy a single-family home or condo in Naples, Bonita Springs, Estero, Ft. Myers or Sarasota I can help. With over 20 years of experience, I offer valuable market information and insights into individual communities to help you find the perfect home and lifestyle in the best golf community to fit your needs. Reach out to me today to get started!