April Naples Market Report

According to the April Naples Market Report, real estate activity set new records. There were 1,882 properties sold for $1,617,562,522 up from $1.5 billion last month! The highest priced home sold for $18,000,000 in Pelican Bay. Overall, there were 380 properties sold at or above $1 Million.

The increase in both pending sales and closed sales continues to contribute to our reduction in inventory. On a positive note, inventory has increased 14 percent since January. However, it is not enough to keep up with demand.

Home buyers shows no sign of slowing as people migrate to the Naples area to take advantage of the Naples lifestyle. In fact, Naples was recently ranked the Number 1 Beach Town in America! Key factors measured were affordability, weather, safety, economy, education and health as well as the overall quality of life.

April 2021 versus April 2020 Highlights

Closed sales increased 121 percent compared to April of the previous year.
Overall pending sales increased to 2,037 or a 232 percent jump over last April.
Inventory dropped 77 percent down from 6,224 homes to 1,432 homes for sale.
Average days on market fell 37 percent down to 55 days.

Similar to last month, condos led the way with a 145.3 percent increase in closed sales. Single family home sales also showed a significant increase, up 95.7 percent compared to the same time last year. The increase in sales combined with low inventory has led to higher prices, with the overall median sales price increasing 31 percent.

Pending sales continue to set records, up by 232 percent compared to the same time last year. It’s important to note, it’s difficult to compare last April to this April since the real estate industry experienced reduced productivity levels due to mandatory COVID-19 restrictions similar to all other businesses throughout the country.

Also, the percent of list price for closed sales remain near all time highs at 98.8 percent. We continue to see properties sold at or above list price. Due to bidding wars, there has been an increase in the use of escalation clauses being implemented in negotiations. If you are considering purchasing a home, put yourself in the best position to win the deal by working with a professional real estate agent.

Finally, we remain in a seller’s market with just a 1.1 month’s supply of properties available down from 1.6 month’s supply during the previous month. For those of you considering selling, now is an excellent time to list your home for sale. Homeowners are maximizing their profits and you may be surprised to learn how much your home is worth.

So, if you’re ready to take advantage of today’s seller’s market, let’s connect to discuss your homes value.

What is my home worth…

New Construction in Naples Golf Communities

Builders are also recording record sales. Similar to resales, there are often more buyers than new homes available. An agent can help you put your best foot forward to increase your chances of submitting a winning bid.

Before you go it alone on a new construction property, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost to you to have an agent represent you.

There are only a few golf communities still offering new construction homes. To learn more about those communities, contact NaplesGolfGuy at 239-370-0892.

Do I need a Realtor if I’m Buying New Construction?

Naples Luxury Real Estate Market

For the fourth month in a row, the Naples Luxury real estate market saw the strongest activity in closed sales. Homes priced between $1 million and $2 million saw a 75 percent increase up from 50.2 percent during the previous month. Additionally, homes priced above $2 million saw an even larger increase in closed sales with a 106.3 percent compared to 67.7 percent increase during March.

Properties with at least four bedrooms or more remain at the top of the wish list for luxury home buyers.

Ultra Luxury home sales in various Naples Golf Communities continue to set records as well this year. Toping the list:

$18,000,000 – 7621 Bay Colony Dr. in Pelican Bay with 10,345 square feet
$7,100,000 – 1416 Nighthawk Point in The Estuary at Grey Oaks with 8,454 square feet
$6,300,000 – 810 Bentwood Dr. in Pelican Bay with 4,617 square feet
$5,995,000 – 701 Hollybriar Ln in Pelican Bay with 4,695 square feet
$5,800,000 – 6557 Ridgewood Dr. in Pelican Bay with 4,176 square feet

View large single family homes for sale in Naples golf communities…

View large single family Naples luxury homes for sale…

April Naples Market Report

Naples April 2021 Market Statistics

Naples Golf Guy Monthly Report

Begin Your Own Search for a Naples Vacation Home or Second Home:

So, if you’re ready to begin your search for your dream home or condo in Naples Florida, we encourage you to explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate.

There are more than 150 different golf communities in our area and most of them have a private golf course within the community. It can be challenging to navigate the plethora of communities, membership options, golf course design, amenities and more. We will help provide you with a list of the top private golf communities which match your lifestyle.

Lastly, we will handle all contract negotiations via paperless transactions for your property from offer to close!

Bottom Line:

NaplesGolfGuy offers private client advisory services with an emphasis on detail. Professionalism, integrity and discretion are not goals, they are standards. We are dedicated to exploring, experiencing and navigating the very best in luxury living for our clients.