Naples Housing Inventory Update

How much Naples housing inventory is available? So there is good news and bad news. The good news is inventory has increased to 2,453 properties for sale. The highest priced property is listed for $40,000,000 in the city of Naples. At the end of last year, there were 1,042 Naples properties for sale so inventory has more than doubled.

However, if you compare inventory to 2019 before the pandemic, we had 5,401 homes for sale in the Naples area which is more than double our current inventory. So the good news is inventory has increased, yet we have a long way to go before we are in a normal market. As we head into season, it is still a Seller’s market in Naples Florida.

Luxury Naples Housing Inventory at Year End

Current inventory levels as of December 31st 2022 are as follows:

• 15 properties for sale above $20,000,000
• 49 properties for sale between $10,000,000 – $19,999,999
• 128 properties for sale between $5,000,000 – $9,999,999
• 153 properties for sale between $3,000,000 – $4,999,999
• 159 properties for sale between $2,000,000 – $2,999,999
• 410 properties for sale between $1,000,000 – $1,999,999

A total of 914 Naples Luxury homes are for sale at or above $1,000,000 which represents 37 percent of the total inventory available. The median sales price at the end of 2021 was $395,000 and today it is over $600,000. With limited inventory, prices are expected to continue to rise.

Housing Inventory in Naples Golf Communities

There are currently 477 properties for sale in Naples golf communities with the highest priced home listed in Quail West for $15,800,000. Naples inventory

• 3 properties for sale above $10,000,000
• 26 properties for sale between $5,000,000 – $9,999,999
• 40 properties for sale between $3,000,000 – $4,999,999
• 124 properties for sale between $1,000,000 – $2,999,999
• 71 properties for sale between $750,000 – $999,999
• 89 properties for sale between $500,000 – $749,999
• 124 properties for sale less than $500,000

The good news is there are more options available if you are buying. If you are planning to sell, it is still a Seller’s market and you have the opportunity to sell for premium dollar. Contact us today to learn your home’s value in today’s real estate market. Learn more about the latest housing trends in Naples Florida…

Bottom Line

If you are looking for the Naples housing market to crash or if you are wondering if there’s a housing bubble about to burst, it is unlikely to happen unless there’s a significant change in our inventory levels or demand. Call, email or text us today for all of your real estate needs – 239.370.0892.

December 31st, 2022 Posted by NaplesGolfGuy

Southwest Florida Golf Community Trends

Your go to resource for Southwest Florida golf community trends for Naples, Bonita Springs, Estero, Fort Myers, Bradenton, Lakewood Ranch and Sarasota. Depending on the type of community, there may be a waitlist for membership. In some cases it is less than a year and in other cases it is more than 10 years!

Golf Communities which require an upfront initiation fee for a golf membership are typically referred to as “equity” golf clubs. In reality, there are very few clubs still offering “equity” memberships. Most clubs have shifted to a membership model which requires a non-refundable upfront initiation fee.

In addition to “equity” or “non-equity” golf communities, Southwest Florida also has a second type of golf community which we refer to as a bundled golf community. This means the golf membership is bundled or deeded to the property and your membership dues are a part of your annual community fees. There is no upfront initiation fee in a bundled golf community. Learn more about bundled golf communities…

There are advantages and disadvantages to each type of membership and community. With more than 150 golf communities in the area it is a challenge to navigate all the various options for golf membership. That’s where we come in. Our vast relationships with all the golf communities from Naples to Sarasota allow us to serve our clients by making the home-buying or selling process an easy and enjoyable one.

While it may seem overwhelming at first, once we know how often you play, other desired club amenities, property type and a price range we can help you narrow the list of clubs down to a handful that will potentially offer you the Florida golf lifestyle you are looking for.

Below you will find highlights for the latest real estate statistics for single-family golf homes and golf condos in our area for the past 12 months.

Southwest Florida Golf Community Trends – Single Family Homes

NAPLES Featured Golf Communities – Single Family Luxury Homes

Audubon Country Club – 8 properties for sale, 21 properties closed over the past 12 months and average sales price $2,281,500

Collier’s Reserve – 5 properties for sale, 14 properties closed over the past 12 months and average sales price $2,412,214

Greyhawk at GC of the Everglades –11 properties for sale, 40 properties closed over the past 12 months and average sales price $1,104,070

Grey Oaks – 9 properties for sale, 36 properties closed over the past 12 months and average sales price $5,001,750

Kensington – 2 properties for sale, 20 properties closed over the past 12 months and average sales price $1,380,383

Lely Resort – 24 properties for sale, 110 properties closed over the past 12 months and average sales price $1,359,287

Mediterra – 9 properties for sale, 28 properties closed over the past 12 months and average sales price $3,766,378

Olde Cypress – 9 properties for sale, 31 properties closed over the past 12 months and average sales price $1,641,194

Pelican Bay – 12 properties for sale, 34 properties closed over the past 12 months and average sales price $4,934,647

Pelican Bay (Estates at Bay Colony) – 1 property for sale, 3 properties closed over the past 12 months and average sales price $6,425,333

Pelican Marsh – 8 properties for sale, 38 properties closed over the past 12 months and average sales price $2,110,197

Quail Creek – 9 properties for sale, 28 properties closed over the past 12 months and average sales price $2,186,536

Quail West – 14 properties for sale, 40 properties closed over the past 12 months and average sales price $4,011,800

Talis Park – 3 properties for sale, 14 properties closed over the past 12 months and average sales price $4,013,429

Tiburon – 3 properties for sale, 8 properties closed over the past 12 months and average sales price $2,652,250

Treviso Bay – 4 properties for sale, 25 properties closed over the past 12 months and average sales price $1,923,680

Vineyards – 12 properties for sale, 52 properties closed over the past 12 months and average sales price $1,337,486

BONITA SPRINGS Featured Golf Communities – Single Family Luxury Homes

Bonita Bay – 3 properties for sale, 21 properties closed over the past 12 months and average sales price $2,513,233

Palmira – 2 properties for sale, 28 properties closed over the past 12 months and average sales price $908,898

Pelican Landing – 4 properties for sale, 44 properties closed over the past 12 months and average sales price $1,440,326

Pelican Landing (The Colony) – 2 properties for sale, 6 properties closed over the past 12 months and average sales price $2,482,500

ESTERO Featured Golf Communities – Single Family Luxury Homes

Miromar Lakes – 8 properties for sale, 44 properties closed over the past 12 months and average sales price $2,448,947

Pelican Sound –  0 properties for sale, 7 properties closed over the past 12 months and average sales price $952,557

Shadow Wood – 9 property for sale, 51 properties closed over the past 12 months and average sales price $1,569,309

West Bay Club – 2 properties for sale, 13 properties closed over the past 12 months and average sales price $1,743,038

FORT MYERS Golf Community Highlights – Single Family Luxury Homes

Gulf Harbour Yacht and Country Club – 7 properties for sale, 25 properties closed over the past 12 months and average sales price $1,890,980

The Forest – 5 properties for sale, 27 properties closed over the past 12 months and average sales price $729,478

BRADENTON Featured Golf Communities – Single Family Luxury Homes

Concession – 6 properties for sale, 13 properties closed over the past 12 months and average sales price $3,270,243

Founders Club – 2 properties for sale, 14 properties closed over the past 12 months and average sales price $2,236,442

Esplanade at Lakewood Ranch – 7 properties for sale, 31 properties closed over the past 12 months and average sales price $1,081,274

Esplanade at Azario – 3 properties for sale, 40 properties closed over the past 12 months and average sales price $822,856

SARASOTA Golf Community Highlights – Single Family Luxury Homes

TPC Prestancia – 1 property for sale, 7 properties closed over the past 12 months and average sales price $1,599,143

Southwest Florida Golf Community Trends – Condos

NAPLES Featured Golf Communities –  Condos

Audubon Country Club – 0 properties for sale, 4 properties closed over the past 12 months and average sales price $1,269,000

Grey Oaks –  1 property for sale, 24 properties closed over the past 12 months and average sales price $2,303,500

Hammock Bay – 12 properties for sale, 33 properties closed over the past 12 months and average sales price $797,527

Kensington – 2 properties for sale, 17 properties closed over the past 12 months and average sales price $789,971

Lely Resort – 28 properties for sale, 171 properties closed over the past 12 months and average sales price $546,299

Mediterra – 9 properties for sale, 44 properties closed over the past 12 months and average sales price $2,031,057

Pelican Bay – 45 properties for sale, 268 properties closed over the past 12 months and average sales price $1,952,088

Pelican Marsh – 6 properties for sale, 60 properties closed over the past 12 months and average sales price $810,725

Talis Park – 11 properties for sale, 34 properties closed over the past 12 months and average sales price $1,643,154

Tiburon – 3 properties for sale, 27 properties closed over the past 12 months and average sales price $1,247,241

Treviso Bay – 25 properties for sale, 64 properties closed over the past 12 months and average sales price $579,283

Vineyards – 11 properties for sale, 114 properties closed the over past 12 months and average sales price $619,883

BONITA SPRINGS Featured Golf Communities – Condos

Bonita Bay – 29 properties for sale, 143 properties closed over the past 12 months and average sales price $1,236,636

Palmira – 3 properties for sale, 14 properties closed over the past 12 months and average sales price $612,229

Pelican Landing – 6 properties for sale, 57 properties closed over the past 12 months and average sales price $566,547

Pelican Landing (The Colony) – 26 properties for sale, 48 properties closed over the past 12 months and average sales price $1,393,217

ESTERO Featured Golf Communities – Condos

Miromar Lakes – 6 properties for sale, 37 properties closed over the past 12 months and average sales price $980,070

Pelican Sound – 0 properties for sale, 32 properties closed over the past 12 months and average sales price $577,834

Shadow Wood – 4 properties for sale, 29 properties closed over the past 12 months and average sales price $614,155

West Bay Club – 8 properties for sale, 17 properties closed over the past 12 months and average sales price $1,011,641

FORT MYERS Featured Golf Communities – Condos

Gulf Harbour Yacht and Country Club – 17 properties for sale, 109 properties closed over the past 12 months and average sales price $789,855

BRADENTON Featured Golf Communities – Condos

Esplanade at Lakewood Ranch – 1 property for sale, 11 properties closed over the past 12 months and average sales price $478,718

Esplanade at Azario – 1 property for sale, 12 properties closed over the past 12 months and average sales price $454,920

SARASOTA Featured Golf Communities – Condos

TPC Prestancia – 0 properties for sale, 3 properties closed over the past 12 months and average sales price $753,000

More SWFL Golf Community Highlights

Overall, inventory for Luxury golf properties in our area remains low, however, inventory is increasing. And we continue to see new listings coming to the market every day. If you are considering buying a luxury golf home, you will need to be prepared to move quickly.

If you are considering selling, it is still a seller’s market and you have time to catch the top of the market. Call us today to learn your home’s value and how we can help you sell it for maximum value. What is my home worth…

If are considering buying a home we can help you identify which golf community or communities will fit your lifestyle and match your criteria for amenities in your price range. With the various fees associated with each golf community, it can be a challenge to determine what your total obligation will be for membership initiation fees as well as the annual membership dues, capital improvements and home owners association fees.

Since each community varies we recommend you use a professional Realtor with experience in golf communities to navigate your way through your options. We’ve been helping connect buyers and sellers in golf communities for nearly 20 years.

If you do not see a snapshot of the southwest Florida luxury private golf club community you are interested in, contact us for complete market analysis. Call, email or text us today for all of your real estate needs – 239.370.0892.

Sarasota Florida Housing Market Update

The latest Sarasota Florida housing market statistics showed 638 properties sold for just over $395 Million during November for the North Port, Sarasota, and Bradenton areas. The highest priced sale was for a single family home on Longboat Key for $10,000,000.

Once again, inventory rose significantly compared to the same time last year. However, it is important to keep in mind inventory was extremely low last year. Like previous months, even though supply has increased, the greater Sarasota area ended the month with just over a 2 months’ supply of properties for sale. Most notable was the minimal increase in inventory from October to November which was only 7 percent.

Overall, inventory ended the month at 2,410 properties for sale which is just over half of what we normally have at this time of year. From a historical perspective, inventory prior to the pandemic was 4,175 in November 2019 and 4,942 in November of 2018. Since a healthy market would be at least 6 months’ worth of homes for sale, Sellers are still in the driver’s seat.

Whether you are buying or selling a home, it is important to keep track of local market trends. What is happening in resort destinations such as Sarasota continues to be different than other areas of the country. If you have questions about a specific area or neighborhood, contact us for more information.

Sarasota Florida Housing Market Report – Single Family Homes

November 2022 versus November 2021 Single Family Home Highlights:

• Closed sales decreased 50.4 percent going from 833 transactions down to 413 sales.
• Pending sales decreased 38.4 percent down from 737 last November versus 454 this November.
• Inventory increased 153.1 percent up to 1,683 properties for sale compared to this same time last year when 845 homes were for sale.
• New listings decreased from 767 down to 650 which was a 15.3 percent decline.
• Median days on market increased to 23 days which was a 228.6 percent increase versus November of 2021.
• Available inventory of single-family homes ended November with a 2.4 months’ supply of homes available for sale which was up from less than one months’ supply during November of 2021.

The median sales price for single-family homes showed a significant increase over last November, up from $419,225 to $499,000 which was a 19 percent jump. However, the median sales price decreased month-to-month going from $537,500 in October down to $499,000 in November.

Although single-family home inventory rose significantly compared to last year, up more than 150 percent, it was only up 6 percent from October. Since we normally see a jump in homes for sale as we near season (January through March), it is notable there was only a slight increase in single-family homes for sale. Additionally, there is still just a 2.4 months’ supply of homes for sale. From a historical perspective, in 2019 there were 2,560 homes (3.6 months’ supply) on the market and in 2018 there were 3,131 (4.7 months’ supply) single-family homes available for sale.

Also, the time it took for single-family homes to go to contract remained only increased slightly over October going from 20 days to 23 days which is still fast compared to a normal market. With just a 2.4 month’s supply of homes for sale it is still a Seller’s market. So, if you are thinking about selling your property in the Sarasota area, call, email or text us today – 239.370.0892 for a complimentary market analysis.

On the other hand, if you have been sitting on the sidelines waiting to buy a property, now may be a good time to start watching for properties which meet your criteria. Keep in mind there are new listings hitting the market every day, they are just going to contract rather quickly. If you want to stay up to date we can help you with automatic property alerts.

Or, if you’re not sure which community is right for you, contact us and we’ll help you identify the communities which will match the lifestyle you are seeking.

Sarasota Florida Housing Market Report – Condos and Townhomes

November 2022 versus November 2021 Condo Highlights:

• Condo sales decreased 35.9 percent going from 351 real estate transactions down to 225 sales.
• Pending sales decreased 35.7 percent down from 401 last November to 258 this November.
• Inventory increased 144 percent up to 727 condos for sale compared to last November when there were only 298 units for sale.
• New listings decreased from 396 down to 368 which was a 7.1 percent decrease.
• Median days to contract was 13 days which was up from 7 days last year.
• Available inventory of condos ended November with a 2.1 months’ supply of properties available for sale which was a 250 percent increase.

Similar to single family homes, there was a significant increase in inventory compared to last November. The increase in condos for sale between October and November went from 660 units up to 727 units which was a modest 10 percent increase.

Also noteworthy was the change in days on market which went down from 28 days during October back down to 13 days in November. Additionally, 66 percent of the transactions were cash deals. With low inventory, low days on market, and high buyer demand as evidenced by the number of cash transactions, we are still in a strong Seller’s market.

Bottom line, it remains a seller’s market for both condos and single-family homes. So now would be a great time to cash in on the high buyer demand. You might be surprised to learn how much your home is worth in today’s market. What is my home worth…

Whether you are buying or selling we have real estate specialists who cover the Gulf Coast from Sarasota to Naples, so if you are considering moving to the area, contact us for more information.

Sarasota Real Estate Market Reports

Naples Golf Guy Monthly Report – NEW!!!

November 2022 Sarasota Single Family Home Sales

November 2022 Sarasota Condo Sales

Homes recently listed in Southwest Florida golf communities

Begin Your Own Search for a Southwest Florida Vacation Home or Second Home:

If you are ready to begin your search for your dream home or condominium in Southwest 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.

December 27th, 2022, Posted by NaplesGolfGuy

Lee County November Housing Market Report

The November housing market report for Lee County showed 1,276 properties sold for just over $617 Million during the month. The luxury market picked up again with 73 properties sold at or above $1 Million, up from 62 luxury sales during October. Lee County covers Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel and surrounding areas.

The highest price sale was on Sanibel for $11,700,000. Once again, golf community properties dominated the highest priced homes sold in Lee County with 7 of the top 10 golf homes sold between $2,900,000 to $5,995,000. On average, homebuyers paid 97% of list price for the top 10 most expensive homes sold in Lee County.

Lee County November Housing Market Report – Single Family Homes

November 2022 versus November 2021 Single Family Home Highlights:

• Closed sales decreased 41.2 percent going from 1,387 transactions down to 816 sales.
• Pending sales decreased 35 percent down from 1,499 last November versus 975 this November.
• Inventory increased 110.2 percent up to 3,531 properties for sale compared to this same time last year when 1,680 homes were for sale.
• New listings decreased from 1,378 down to 1,309 which was a 5 percent decline.
• Median days on market increased to 34 days which was a 161.5 percent increase versus November of 2021.
• Available inventory of single-family homes ended November with a 2.8 months’ supply of homes available for sale which was up from a 1.1 months’ supply during November of 2021.

Once again, the median sales price for single-family homes showed a modest increase over last November, up from $376,500 to $400,000 which was a 6.2 percent jump. However, it was down from October when the median sales price was $425,000. 

Although inventory rose compared to last year by more than 110 percent, it only increased 5 percent over October. Similar to the rest of Southwest Florida, inventory is moving in the right direction. However, the percentage increases year-over-year are misleading. Prior to the pandemic, in November of 2019 there were 5,322 properties for sale (4.7 months’ supply) and in November of 2018 there were 6,208 homes (5.5 months’ supply) available for sale. A healthy, balanced market is typically more than 6 months’ supply. At this point we are far from a normal market.

Even though inventory is still low is has doubled over last year. Also, there are other signs we are moving in the right direction. For example, days on market increased to 34 days compared to 29 days during October and up from 13 days a year ago. Keep in mind, 34 days is still pretty quick!

On another note, the percentage of all cash sales came in at 41 precent for single-family homes compared to 35 percent during the prior month. However, with some exceptions, we are seeing most listings say “proof of funds” required with offer instead of “cash offers only” which was the norm during this time last year. The good news for buyers, you do have more options. In most cases, you have more time to evaluate a property before submitting an offer. Just keep in mind, Sellers are still in the driver’s seat so while there is more options and flexibility, Sellers are only showing a little bit of willingness to negotiate off list price and accommodate any potential repairs.

If inventory remains low, and demand remains strong, prices will continue to rise. If you are considering selling, call, email, or text us today to discuss your home’s value in today’s market. We will help you determine what if any repairs should be made prior to listing your home and provide current market data to determine the optimum selling price.

What is my home worth…

If you are considering buying a property, now is a good time to start watching the communities you are most interested in using our automatic property alerts. If you are not sure which communities fit your lifestyle, contact us and we’ll help you target the neighborhoods which offer the amenities and lifestyle you would like to enjoy.

Lee County November Housing Market Report – Condos and Townhomes

November 2022 versus November 2021 Condo Highlights:

• Condo sales decreased 36.6 percent going from 585 real estate transactions down to 371 sales.
• Pending sales decreased 35.5 percent down from 660 last November to 426 this November.
• Inventory increased 123.5 percent up to 1,075 condos for sale compared to last November when there were only 481 units for sale.
• New listings decreased from 626 down to 542 which was a 13.4 percent decrease.
• Median days to contract increased to 19 days which represented a 111.1 percent increase versus November of 2021.
• Available inventory of condos ended November with a 1.9 months’ supply of properties available for sale which was a 216.7 percent increase over last year.

Similar to last month, despite the increase in inventory, the Lee County Condo market remains a strong Seller’s market. The number of condos for sale is still extremely low at just a 1.9 month’s supply and it is not much of an increase over last month when there was 1.7 months’ supply of condos for sale. A balanced market would be a 6-7 months’ supply of condos for sale.

The median price for the month was $323,000 for condos which was up 16.6 percent compared to this time last year however, it was down slightly from October when the price was $330,000. Lee County saw more homes impacted by the hurricane along the coast. As a result, many homeowners are still waiting on insurance claims to determine if they are going to sell or rebuild.

Finally, it is notable 70 percent of condo sales were paid in cash up from 62 percent in October. If you are planning on leveraging a loan for your condo purchase, you are still competing with a significant number of cash buyers. Regardless of when you plan to purchase, if you are a buyer, it may be time to start taking a closer look at homes for sale in neighborhoods which might fit your criteria. To stay up to date sign up for automatic property alerts.

Bottom line, it is a seller’s market for both condos and single-family homes. So now would be a great time to cash in on the high buyer demand. You might be surprised to learn how much your home is worth in today’s market. Wondering what the benefits are of using an agent sell your home? What is my home worth…

Whether you are buying or selling we have real estate specialists who cover the Gulf Coast from Naples to Sarasota, so if you are considering moving to the area, contact us for more information.

Southwest Florida November Housing Market Report

Naples Golf Guy Monthly Report – NEW!!!

November 2022 Lee County Single Family Home Statistics

November 2022 Lee County Condo Statistics

Naples November Real Estate Review

Begin Your Own Search for a Southwest Florida Vacation Home or Second Home:

So, if you are ready to begin your search for your dream home or condominium in Southwest 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.

December 26th, 2022, Posted by NaplesGolfGuy

Southwest Florida Golf Properties Just Listed

Preview golf properties just listed in Naples, Bonita Springs, Estero, Fort Myers, Bradenton and Sarasota golf communities! Are you ready to buy or sell a luxury golf home in Southwest Florida?

There are more than 150 golf courses in southwest Florida. Over 90% of these golf courses require you to be a resident or purchase a social or golf membership. From private equity golf clubs to bundled golf communities, we have a home or condo which will fit your lifestyle.

Also, if you’re wondering why you should choose Southwest Florida, in addition to significant tax advantages (did I mention there is no state income tax, low property taxes and no inheritance tax?), we also have perfect weather and an abundance of outdoor activities, shopping, and dining to suit everyone’s lifestyle.

So, whether you are considering relocating to our area or you are looking to buy your dream home, a second, third or fourth home, check out some of the Top Private Golf Clubs and golf homes for sale in Southwest Florida Golf Communities on the market today!

SWFL GOLF HOMES JUST LISTED BY LOCATION

NAPLES Homes Just Listed

BONITA SPRINGS Homes for Sale

ESTERO Homes Just Listed

FORT MYERS Homes for Sale

BRADENTON Homes Just Listed

SARASOTA Homes for Sale

Which Golf Community is Right for You?

There are more than 150 golf courses in southwest Florida. Over 90% of these golf courses require you to be a resident or purchase a social or golf membership. From private equity golf clubs to bundled golf communities, we have a home or condo which will fit your lifestyle.

The number options can be overwhelming. That’s where the Naples Golf Guy comes in. With nearly 20 years of experience we can help narrow down the list of communities to those which fit your lifestyle and housing options. We will help turn the process into an easy and enjoyable one.

Our vast relationships with all the golf communities from Naples to Sarasota allow us to serve our clients by providing relevant and current information about various golf communities in Southwest Florida. We’ll help you understand the difference between our bundled golf communities and our equity/non-equity golf communities. There are advantages and disadvantages to each type of membership and community.

Once we know how often you play, other desired club amenities, property type and a desired price range we can help you narrow the list of clubs down to a handful that will potentially offer you the Florida golf lifestyle you are looking for. Let’s get started, call 239.370.0892 or email us today.

2022 Naples November Real Estate Recap

The Naples November real estate recap showed 552 properties sold for just over $1 Billion. The largest sale was for $27,900,000 in Port Royal. Additionally, the luxury market remained strong, with 160 properties sold at or above $1 Million compared to 142 sales during October.

The Naples market remains strong despite the recent hurricane, the economy and interest rate increases. If you have been watching national headlines you are likely concerned about a recession in 2023 and you have been told home building and home prices are dropping. What you may not be seeing in the national headlines is there are exceptions.

Yes, the market has changed over the past several months. As Ali Wolf, chief economist for Zonda, the largest home building prop tech company in North America eloquently put it, “We’re now entering a new phase in housing—an impasse—as both buyers and sellers are having trouble reconciling their views on the market.” She outlines the standoff in her most recent article on what’s driving buyer and seller behaviors. This stalemate is contributing to our low inventory levels.

We ended November with just a 2.8 months’ supply of homes for sale which is less than half of what we used to have before the pandemic. In November of 2019 we had 5,563 properties for sale compared to just 2,478 in November of this year. A normal market has at least 6 months worth of inventory.

Due to the lack of inventory, home prices continue to rise as evidenced by the 20 percent increase in the median close price year-over-year and a 9 percent increase over the previous month. The statistics show demand remains strong for the Naples area.

While there are uncertainties about the future of the economy, Naples, like many resort towns, offers a safe haven from many of the current economic conditions. Let’s start with interest rates, how relevant are they? First, over 62 percent of buyers paid cash in November so high interest rates are a moot point for those buyers. Second, if you ask many of the home buyers purchasing in our area what the interest rate was on their first home, there is a good chance they will tell you it was above 10 percent. As a result, 6 percent doesn’t seem all that high.

Additionally, while inflation is a significant issue for many households, real estate is still one of the top strategies used by wealthy individuals as a hedge against high inflation. While time will tell what happens, unless there is a large increase in the actual number of properties for sale or demand slows, prices are projected to continue to rise.

Naples November Real Estate Recap

November 2022 versus November 2021 Highlights

• Closed sales decreased 41 percent compared to November of last year.
• Overall pending sales decreased 33 percent versus the same time in 2021.
• Inventory increased 97 percent up from 1,259 homes to 2,478 homes for sale.
• Average days on market increased 92 percent up to 46 days.

In all, there were 286 single-family homes and 266 condos sold for a total of 552 sales during the month which was a 41 percent decrease compared to the same time last year.

Inventory continues to increase which is a positive sign for buyers. However, the numbers continue to be deceiving. While the number of properties for sale almost doubled over the same time last year, there was only a 6.5 percent increase from October to November. So even though we continued to move towards a more balanced market, we have ways to go.

Also notable was the in the median single-family home price which rose to $820,000 in November which was a 32.3 percent compared to the same time last year and an 8 percent increase over October. And the are that saw the biggest increase in median sales price was the 34103 zip code in the city of Naples which rose 131 percent over last November.

Additionally, the price sold relative to list price fell slightly from 95.9 percent to 96.4 percent over the prior month. Although Seller’s still have the upper hand in transactions, in most cases they are more willing to negotiate. Therefore, if you are a buyer, the good news is Sellers are willing to accept financing offers and, in some cases make modest repairs.

If you are a Seller, you still can capture a high sales price as inventory levels are still half of what we typically have at this time of year. So, if you are wondering if it is still a good time to list your home or whether or not you should do repairs before you sell, we will help guide you in the process and share what other Sellers are doing.

The Naples Golf Guy team members are all REALTOR® professionals who have the ability and expertise to provide you with an accurate market comparison using current market data. Call, email or text us today for a FREE home evaluation – 239.370.0892.

If you are planning to purchase, there are more options to chose from. The newly renovated properties on great lots continue to go to contract quickly and in some cases with multiple bids. If you see a property you are interested in learning more about, let us know and we’ll provide an analysis of the home.

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.

Naples Luxury Home Sales in Exclusive Golf Communities for November

• $11,950,000 – 6897 Grenadier Blvd. Unit 504 in Pelican Bay with 5,280 sq. ft. (96% of list price)
• $8,962,000 – 8516 Thomas Jefferson Ct. in Pelican Bay with 5,400 sq. ft. (102% of list price)
• $8,750,000 – 704 Hollybriar Ln. in Pelican Bay with 5,472 sq. ft. (100% of list price)
• $6,850,000 – 6897 Grenadier Blvd. Unit 1002 in Pelican Bay with 4,013 sq. ft. (93% of list price)
• $5,700,000 – 817 Buttonbush Ln. in Pelican Bay with 4,018 sq. ft. (100% of list price)
• $4,100,000 – 16373 Corsica Way in Talis Park with 4,576 sq. ft. (92% of list price)
• $3,850,000 – 2228 Miramonte Ct. in Grey Oaks with 3,705 sq. ft. (100% of list price)
• $3,550,000 – 1533 Marsh Wren Ln. in Grey Oaks with 3,477 sq. ft. (94% of list price)
• $3,200,000 – 2650 L’Ermitage Ln. in Grey Oaks with 3,432 sq. ft. (91% of list price)
• $3,150,000 – 16717 Cabreo Dr. in Mediterra with 3,386 sq. ft. (100% of list price)

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

View large single-family Naples luxury homes for sale…

Considering Selling Your Naples Home?

With 20 years of experience helping sellers with their golf community real estate needs, we would like to share our strategy for how we are helping maximize the number of offers homeowners are receiving and ultimately higher sales prices.

Our team is committed to extraordinary customer service with an emphasis on detail and frequent communication.

We collaborate with our sellers to design and implement a customized marketing campaign to present your property to maximize your exposure to potential buyers. We are dedicated to making the sales process easy for you and your family.

We would very much like to meet you and learn about your home and help provide a stress-free selling environment for you and your family. As you may well know, opportunities such as today’s market for sellers only comes every so often.

Call, email or text us today for all of your real estate needs – 239.370.0892.

Home Selling Tips…

Results You Can Count On

Planning to Retire? It Could Be Time To Make a Move.

Are you planning to retire or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs.

Estero Open House in The Brooks

Stop by our Estero Open house this Sunday from 1-4 PM to see this meticulously maintained home for sale in the Pebble Pointe neighborhood of The Brooks. There is an abundance of upgrades including a whole house generator, hurricane impact windows and doors and extended garage.

10252 Coconut Rd. Estero, FL 34135 – List Price $875,000

More About This Fantastic Estero Home for Sale

The popular Farnese floorplan features en-suite bathrooms with every bedroom. The interior features TRAY CEILINGS, CROWN MOLDING IN EVERY ROOM, PLANTATION SHUTTERS, OPEN CONCEPT W/ SPLIT BEDROOMS, CUSTOM BUILT CLOSETS IN EVERY ROOM, TRANQUIL, WATER VIEW & MORE! At the center of the home is a chef’s kitchen with a natural gas stove, walk in pantry and stainless steel appliances!

The peaceful, extended lanai allows for you to wake up with the morning sun and enjoy the most expansive, private view in the community while being surrounded by LUSH, LANDSCAPING. The lanai is pre-plumbed to build the chef a perfect summer kitchen.

• 3 Bedrooms plus a den
• 3.5 Bathrooms
• 2,139 Square feet under air
• Built in 2018

Pebble Pointe is a quaint community with low HOA dues and No CDD. Just minutes from world-class dining, shopping, excellent healthcare. Call us today for a private tour 941.993.3272.

Another Quarry Golf Condo Sold!

Another Quarry Golf Condo sold in Naples Florida! Congratulations to a wonderful couple from New Jersey who we helped find the ideal vacation condo to begin their Florida lifestyle! Located in The Quarry Golf Club, a top private country club in Southwest Florida.

8787 Coastline Ct. Unit 102 – Sold Price – $595,000

More About This Quarry Golf Condo Sold :

A beautiful second floor condo overlooking the golf course and expansive lake offering spectacular views of our Naples sunsets. Professionally decorated, this turnkey furnished home features soaring ceilings, open floor plan and upgrades throughout!

• Bedrooms: 3
• Bathrooms: 2
• Square ft.: 1,875
• Year Built: 2014

Are you considering buying or selling a home in a Southwest Florida golf community? Call or text us today – 239.370.0892

More About The Quarry Golf Club:

The Quarry is a private country club located in North Naples.  A truly remarkable par 72 golf course winds its way around neighborhoods, lakes and more than 800 acres of pristine native preserves. The focal point of the community is Stone Lake which was created from the remnants of an old limestone quarry.  The communities lakes are vast and there are ample opportunities for water activities including water skiing!  Unlike most of the other Naples golf communities, The Quarry has its own beach club on an expansive lake in the center of the community.

This community consists of a variety of single family homes and condos.  There are 11 different home designs ranging from 1,600 to 4,400 square feet to choose from.  In addition to access to the golf course, residents of The Quarry have access to a plethora of amenities including 6 Lighted Tennis Courts, Pickleball, Bocce Ball, and Fitness Center.

A resort style pool and Beach Club offers breathtaking views of the lake. Additional, a pool-side Ticki Bar offers casual dining options. Finally, more formal dining options are available at the main clubhouse overlooking the golf course.

Begin Your Own Property Search for the Best Luxury Golf Properties:

December 16th 2022, Posted by NaplesGolfGuy

Another Bonita National Golf Condo Sold!

This fantastic Bonita National golf condo sold to a great couple from Illinois. Working with the Naples Golf Guy, they found the perfect vacation condo in a top bundled golf community in Bonita Springs, Florida.

28003 Bridgetown Ct. Unit 5122, Bonita Springs, FL 34135 – Sold Price $571,000

More About This Bonita National Golf Condo Just Sold

A golf membership is included with this fabulous 2nd floor condo overlooking the golf course in Bonita National. A perfect setting for year-round or seasonal living or as an investment opportunity with generous leasing options. A Veranda unit which offers two lanais to enjoy the views and weather.

• Two Bedrooms plus a den
• Two Bathrooms
• 1,355 Square feet under air
• Built in 2019

If you are considering buying a home in Bonita National, it is important to know some properties include a golf membership and some only include a social membership. To ensure you are exploring properties which fit your needs, let us be your guide. The Naples Golf Guy Team has 20 years of experience helping buyers and sellers with golf community real estate. Call or text us today for all of your real estate needs – 239.370.0892.

More about Bonita National Golf and Country Club:

The club includes an 18-hole championship golf course designed by Gordon Lewis. In addition, this golf community now has several luxury amenities. A 40,000 square foot clubhouse is situated at the center of the community.

In addition to golf, residents have access to an activity center, tennis courts, fitness center, and a resort-style swimming pool with screened-in cabana bar.  Also, there are 200 acres of lakes and walking trails available to residents.

Finally, you have the opportunity to choose from a variety of home styles including single family homes, coach homes and condos within this gated golf community.

Take a tour of the community….

Considering Selling Your Southwest Florida Home?

With 20 years of experience helping sellers with their golf community real estate needs, we would like to share our strategy for how we’re helping maximize the number of offers homeowners are receiving and ultimately higher sales prices.

Our team is committed to extraordinary customer service with an emphasis on detail and frequent communication.

We collaborate with our sellers to design and implement a customized marketing campaign to present your property to maximize your exposure to potential buyers. We are dedicated to making the sales process easy for you and your family.

We would very much like to meet you and learn about your home and help provide a stress-free selling environment for you and your family. As you may well know, opportunities such as today’s market for sellers only comes every so often.

Call, email or text us today for all of your real estate needs – 239.370.0892.

Home Selling Tips…