April Real Estate Activity for Naples Florida

The most recent April real estate activity reports revealed a total of 999 properties were sold, amounting to just over $1.39 Billion in sales for the month. Notably, the highest-priced sale was a Port Royal estate that fetched $25,000,000.

Furthermore, the Naples luxury real estate market experienced a significant increase in high-value transactions, with 374 properties sold at or above $1 million, compared to 270 transactions recorded in the previous month. This rise can be partly attributed to the release of the fourth tower at Kalea Bay, which saw the closing of 90 high-rise luxury condominiums.

The overall inventory at the end of the month stood at 5,139 properties for sale, marking a substantial 68 percent increase compared to the same period last year and a 2.7 percent increase from the previous month. Despite this upward trend, sellers are also making strategic adjustments, resulting in 2,365 price decreases in the same month to stay competitive in the market.

Naples is a fantastic place to live, and the reasons are abundant! Florida’s appeal among home buyers is undeniable, especially for golf enthusiasts. According to a study by the relocation site My Baggage, Florida is ranked as the best golfing state in the country, boasting over 1,100 golf courses, with more than 70 right here in the Naples area.

Beach lovers will find their paradise in Naples, home to one of the Top 10 Beaches in the U.S., as ranked by Dr. Beach. Delnor-Wiggins Pass State Park earned the 8th spot in the nation, making our Paradise Coast even more irresistible.

And if that’s not enough, consider this: US News & World Report ranked four Gulf Coast cities among the top 50 places to live in the U.S. Naples proudly claimed the No. 1 spot, with Sarasota at No. 11, Tampa at No. 35, and Ft. Myers at No. 37. With accolades like these, it’s clear why so many are choosing to call Naples home!

April Real Estate Activity

April 2024 versus April 2023 Highlights

• Closed sales decreased 4 percent compared to April of last year.
• Overall pending sales decreased 0.7 percent versus the same time in 2023.
• Inventory increased 68 percent up from 3,118 homes up to 5,240 homes for sale.
• Average days on market increased 25 percent up to 66 days compared to April of 2023.

In the month of April, a total of 999 properties were sold in the real estate market, consisting of 462 single-family homes and 537 condos. This marked a 4 percent increase in sales compared to the previous year. This is the first month closed sales have exceeded past years’ monthly comparable sales since June 2021.

Year-over-year, the median price for single-family homes fell to $793,750 from $820,000, while condos saw a slight increase from $525,000 to $527,000.

Interestingly, the average number of days it took for a property to sell remained relatively stable, with a slight decrease from 68 to 66 days between March and April. However, this figure still falls short of the typical 120 days seen in a robust market.

As the season transitions, it is crucial for sellers to set the right prices, while buyers can benefit from an increased inventory of available properties.

When it comes to navigating the intricate real estate market, whether you are 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 reach out to us via phone, email, or text at 239.370.0892 to fulfill all your real estate requirements.

Top 10 Luxury Naples Golf Home Sales in April

• $19,600,000 – 6951 Verde Way in Pelican Bay with 8,266 sq. ft. (100% of list price)
• $9,250,000 – 1399 Great Egret Trail in Grey Oaks with 7,610 sq. ft. (93% of list price)
• $7,250,000 – 8665 Bay Colony Dr. Unit 1203 in Pelican Bay with 3,390 sq. ft. (97% of list price)
• $6,895,000 – 1622 Chinaberry Way in Grey Oaks with 5,368 sq. ft. (100% of list price)
• $6,750,000 – 8231 Bay Colony Dr. Unit 1903 in Pelican Bay with 3,450 sq. ft. (100% of list price)
• $6,100,000 – 1613 Chinaberry Way in Grey Oaks with 3,958 sq. ft. (94% of list price)
• $5,750,000 – 8473 Bay Colony Dr. Unit 1803 in Pelican Bay with 3,200 sq. ft. (93% of list price)
• $5,150,000 – 8473 Bay Colony Dr. Unit 602 in Pelican Bay with 2,860 sq. ft. (98% of list price)
• $4,725,000 – 6338 Burnham Rd. in Quail West with 4,769 sq. ft. (100% of list price)
• $4,470,000 – 739 Saint Georges Ct. in Audubon with 3,680 sq. ft. (99% of list price)

New Listings in Golf Communities

So, 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.