Another Heritage Bay Single Family Property Closed

Another Heritage Bay single family property just closed! Congratulations to our clients who just purchased this investment property in a top Naples bundled golf community.

Heritage Bay – 10390 Smokehouse Bay Dr. Naples, FL – Sold Price $756,000

More About this Heritage Bay Single Family Property:

This furnished single family home in Heritage Bay has a spectacular view of the golf course. The Ascot model is one of only 20 executive homes in this bundled golf community with a southern exposure. A beautiful golf home that is bright and light with an open layout. Situated in an excellent location just a short distance to the clubhouse and a wide array of amenities. A full golf membership to 27 championship holes  is  included with the purchase of this home.

• Three Bedrooms
• Two Bathrooms
• 2,447 Square feet under air
• Year Built: 2006

As of today, there is only one other single family home for sale in Heritage Bay. If you are considering selling, you still have an opportunity to maximize the value of your home. Call or text us today.

More About Heritage Bay Golf & Country Club

Heritage Bay is a bundled golf community located in North Naples.  Your membership fees will be included in the purchase of the home and monthly dues are included in your regular community fees.  The golf course was designed by Gordon Lewis and Jed Azinger and includes spacious fairways and undulating greens.  Also, there is a large practice area with an aqua range and short game area.

Additionally, the club recently completed a $10 million improvement project to enhance the amenities for all residents of Heritage Bay. There is a brand new resort-style pool with a full service outdoor restaurant. The clubhouse has an updated Grille room overlooking the golf course and offers a casual dining option for members to enjoy after a round of golf.

Beyond golf, club amenities include 7 Har-Tru tennis courts, fitness center, pickleball courts, bocce courts and a full social calendar!

Finally, the golf course is surrounded by single family homes which range from $790,000 to $1,395,000 and condos range from $375,000 to $760,000.  Learn more about Heritage Bay…

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

Getting Your House Ready To Sell? Work with an Agent for Expert Advice

Are you getting your house ready to sell? In a market that’s shifting as fast as it is today, many homeowners wonder what, if anything, needs to be renovated before they sell their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – do before selling your house.

River Hall New Construction Home Sold!

Another River Hall new construction home just sold! Working with Naples Golf Guy teammate Mike Pepple, our clients found the perfect golf home located in a great Fort Myers gated community.

16641 Rolling Rock Blvd. Alva, FL – Sold Price $389,600

More About this River Hall Home

This new construction single family home in River Hall features a large lanai overlooking the golf courses. The popular Ellenwood floor plan offers the new owners a wide open layout and plenty of room for the entire family. With quartz countertops, stainless steel appliances, stylish kitchen backsplash and fabulous flooring.

• Two Bedrooms Plus a Den
• Two Full Bathrooms
• Golf Course View
• 1,579 Square feet under air
• Built in 2022

More About River Hall Real Estate (New Homes or Re-Sales)

River hall is a master planned community located in For Myers, Florida. The 1,500 acre development features an 18-hole championship golf course designed by Davis Love III. In addition to golf, the Town Hall Amenity Center offers residents a resort-style lagoon swimming pool, fitness center, Har-Tru tennis courts, basketball courts and bocce courts. In all there will be 365 homes built.

View River Hall single family homes for sale…

View River Hall condos for sale…

Southwest Florida Real Estate Trends

Naples Golf Guy Monthly Newsletter

Luxury Golf Community Trends

Golf Community Homes Just Listed

Should I Sell My House This Year?

Several of our clients are asking, “Should I sell my house this year or wait until season”? There’s no denying the housing market is undergoing a shift this season as buyer demand slows and the number of homes for sale grows. But that shift actually gives you some unique benefits when you sell. Here’s a look at the key opportunities you have if you list your house this fall.

Weekly Home Sales Recap Naples Florida

The latest weekly home sales recap for Naples for the first week of July showed 162 Homes Sold down from 259 sales during the prior week. The highest priced property sold for $15,750,000.

North Naples returned to the top spot with 42 home sales down from 50 sales during the prior week. Real estate transactions consisted of 7 percent vacant lots, 38 percent were single family homes and 55 percent were condos.

The East Naples moved back into the second position with 28 real estate transactions down from 71 transactions during the previous week. Home sales consisted of 36 percent single family homes and 61 percent were condos. The other East Naples sale was a mobile home.

Finally, the City of Naples ended the week with 24 property sales down from 33 home sales during the week of June 27th. Naples property sales were made up of 33 percent single family homes and 58 percent condos. The remaining property sales were two vacant lots.

In summary, the Naples home sales recap for the week of June 27th showed sales were broken down as follows: 71 condos, 57 single family homes, 33 vacant lots, and 1 mobile home.

Naples Luxury Home Sales

Thirty-eight homes sold during the week. Luxury home prices ranged from $1,000,000 to $15,750,000.

• $1,000,000 – $1,999,999 price range – 27 homes sold
• $2,000,000 – $2,999,999 price range – 4 homes sold
• $3,000,000 – $4,999,999 price range – 2 homes sold
• $5,999,000 – $9,999,999 price range – 4 homes sold
• $10,000,000 plus – 1 home sold

Naples Weekly Home Sales Recap – Organized by zip code:

City of Naples

• 34102 – 6 properties sold (1 vacant lot, 3 single family homes and 2 condos)
• 34103 – 8 properties sold (3 single family homes and 5 condos)
• 34105 – 10 properties sold (1 vacant lot, 2 single family homes and 7 condos)

North Naples

• 34109 – 12 properties sold (4 single family homes and 8 condos)
• 34110 – 9 properties sold (3 single family homes and 6 condos)
• 34119 – 21 properties sold (3 vacant lots, 9 single family homes and 9 condos)

East Naples

• 34104 – 7 properties sold (2 single family homes and 5 condos)
• 34112 – 15 properties sold (1 mobile home, 6 single family homes and 8 condos)
• 34113 – 6 properties sold (2 single family homes and 4 condos)

Ave Maria and Immokalee

• 34142 – 2 properties sold (1 vacant lot and 1 condo)

Big Cypress

• 34117 – 6 properties sold (3 vacant lots and 3 single family homes)

Coco River

• 34108 – 8 properties sold (1 vacant lot, 1 single family home and 6 condos)

Corkscrew

• 34120 – 23 properties sold (12 vacant lots, 10 single family homes and 1 condo)

Eastern Collier County

• 34114 – 15 properties sold (9 vacant lots, 4 single family homes and 2 condos)
• 34116 – 2 properties sold (2 single family homes)

Everglades

• 34139 – 1 property sold (1 vacant lot)

Goodland

• 34140 – 1 property sold (1 condo)

Marco Island

• 34145 – 11 properties sold (2 vacant lots, 3 single family homes and 6 condos)

Southwest Florida Real Estate Trends

Naples Golf Guy Monthly Newsletter

Luxury Golf Community Trends

Golf Community Homes Just Listed

Weekly Home Sales Report for Naples Florida

The latest weekly home sales report for Naples for the last week of June showed 259 Homes Sold up from 196 sales during the prior week. The highest priced property sold along Gulf Shore Blvd. for $62,000,000.

The East Naples area moved back into the first spot with 71 real estate transactions up from 39 transactions during the previous week. Home sales consisted of 10 percent vacant lots, 18 percent single family homes and 72 percent were condos.

North Naples slid into the second spot with 50 home sales up slightly from 42 homes sales during the prior week. Real estate transactions consisted of 6 percent vacant lots, 48 percent were single family homes and 46 percent were condos.

Finally, the City of Naples ended the week with 33 property sales up slightly from 30 property sales during the week of June 20th. Naples property sales were made up of 9 percent vacant lots, 36 percent single family homes and 55 percent condos.

In summary, the Naples home sales recap for the week of June 27th showed sales were broken down as follows: 114 condos, 84 single family homes, 59 vacant lots, and 2 mobile homes.

Naples Luxury Home Sales

Forty-eight homes sold during the week. Luxury home prices ranged from $1,000,000 to $62,000,000.

• $1,000,000 – $1,999,999 price range – 27 homes sold
• $2,000,000 – $2,999,999 price range – 7 homes sold
• $3,000,000 – $4,999,999 price range – 8 homes sold
• $5,999,000 – $9,999,999 price range – 3 homes sold
• $10,000,000 plus – 3 homes sold

Naples Weekly Home Sales Report – Organized by zip code:

City of Naples

• 34102 – 13 properties sold (2 vacant lots, 4 single family homes and 7 condos)
• 34103 – 12 properties sold (1 vacant lot, 4 single family homes and 7 condos)
• 34105 – 8 properties sold (4 single family homes and 4 condos)

North Naples

• 34109 – 16 properties sold (8 single family homes and 8 condos)
• 34110 – 15 properties sold (4 single family homes and 11 condos)
• 34119 – 19 properties sold (3 vacant lots, 12 single family homes and 4 condos)

East Naples

• 34104 – 11 properties sold (3 single family homes and 8 condos)
• 34112 – 41 properties sold (4 vacant lots, 3 single family homes and 34 condos)
• 34113 – 19 properties sold (3 vacant lots, 7 single family homes and 9 condos)

Ave Maria and Immokalee

• 34142 – 12 properties sold (6 vacant lots, 5 single family homes and 1 condo)

Barefoot Beach

• 34134 – 2 properties sold (1 single family home and 1 condo)

Big Cypress

• 34117 – 17 properties sold (9 vacant lots and 3 single family homes)

Coco River

• 34108 – 3 properties sold (1 single family home and 2 condos)

Corkscrew

• 34120 – 25 properties sold (8 vacant lots, 12 single family homes and 5 condos)

Eastern Collier County

• 34114 – 37 properties sold (1 mobile home, 20 vacant lots, 10 single family homes and 6 condos)
• 34116 – 1 property sold (1 single family home)

Everglades

• 34139 – 1 property sold (1 vacant lot)

Goodland

• 34140 – 1 property sold (1 mobile home)

Marco Island

• 34145 – 11 properties sold (2 vacant lots, 2 single family homes and 7 condos)

Southwest Florida Real Estate Trends

Naples Golf Guy Monthly Newsletter – NEW!

Luxury Golf Community Trends

Golf Community Homes Just Listed

SWFL Golf Community Insights

Are you looking for the latest SWFL golf community insights? There are some notable trends in golf communities in our area. Most private country clubs fall into one of two categories.

There are two types of golf communities in our area. The first type is where the golf community requires an upfront initiation fee for a golf or social membership. In addition to the initial membership fee, you pay annual membership dues as well as your community fees. In the past, most of the clubs collecting an upfront initiation fee dedicated a portion to equity which you would get back when you dropped your membership. There are very few clubs still offering equity memberships. They now require a non-refundable upfront initiation fee. Additionally, most of these clubs have multi-year waitlists.

The other type of community is 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. Provided you purchase a property which includes a golf membership, you have immediate golf privileges. It’s important to note, in some bundled golf communities a property only includes a social membership. 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.

SWFL Golf Community Insights – Single Family Homes

NAPLES Golf Community Insights – Single Family Luxury Homes

Audubon Country Club – 2 properties for sale, 27 properties closed over the past 12 months and average sales price $2,206,315

Collier’s Reserve – 0 properties for sale, 12 properties closed over the past 12 months and average sales price $2,144,667

Greyhawk at GC of the Everglades – 7 properties for sale, 41 properties closed over the past 12 months and average sales price $1,131,216

Grey Oaks – 5 properties for sale, 35 properties closed over the past 12 months and average sales price $4,891,400

Kensington – 1 property for sale, 21 properties closed over the past 12 months and average sales price $1,223,888

Lely Resort – 22 properties for sale, 107 properties closed over the past 12 months and average sales price $1,307,740

Mediterra – 12 properties for sale, 29 properties closed over the past 12 months and average sales price $3,469,434

Olde Cypress – 8 properties for sale, 36 properties closed over the past 12 months and average sales price $1,479,014

Pelican Bay – 4 properties for sale, 40 properties closed over the past 12 months and average sales price $4,440,838

Pelican Bay (Estates at Bay Colony) – 1 property for sale, 4 properties closed over the past 12 months and average sales price $6,569,000

Pelican Marsh – 7 properties for sale, 37 properties closed over the past 12 months and average sales price $2,240,068

Quail Creek – 9 properties for sale, 32 properties closed over the past 12 months and average sales price $2,086,656

Quail West – 7 properties for sale, 49 properties closed over the past 12 months and average sales price $3,766,143

Talis Park – 9 properties for sale, 11 properties closed over the past 12 months and average sales price $4,003,455

Tiburon – 1 property for sale, 11 properties closed over the past 12 months and average sales price $2,647,182

Treviso Bay – 5 properties for sale, 24 properties closed over the past 12 months and average sales price $1,963,736

Vineyards – 10 properties for sale, 59 properties closed over the past 12 months and average sales price $1,150,471

BONITA SPRINGS Golf Community Insights – Single Family Luxury Homes

Bonita Bay – 7 properties for sale, 33 properties closed over the past 12 months and average sales price $2,513,197

Palmira – 1 property for sale, 32 properties closed over the past 12 months and average sales price $855,692

Pelican Landing – 5 properties for sale, 41 properties closed over the past 12 months and average sales price $1,372,366

Pelican Landing (The Colony) – 0 properties for sale, 7 properties closed over the past 12 months and average sales price $2,310,714

ESTERO Golf Community Insights – Single Family Luxury Homes

Miromar Lakes – 8 properties for sale, 54 properties closed over the past 12 months and average sales price $2,530,081

Pelican Sound –  0 properties for sale, 10 properties closed over the past 12 months and average sales price $934,350

Shadow Wood – 4 properties for sale, 52 properties closed over the past 12 months and average sales price $1,528,284

West Bay Club – 2 properties for sale, 9 properties closed over the past 12 months and average sales price $1,599,554

FORT MYERS Golf Community Insights – Single Family Luxury Homes

Gulf Harbour Yacht and Country Club – 5 properties for sale, 33 properties closed over the past 12 months and average sales price $1,522,076

The Forest – 3 properties for sale, 15 properties closed over the past 12 months and average sales price $707,393

BRADENTON Golf Community Insights – Single Family Luxury Homes

Concession – 6 properties for sale, 15 properties closed over the past 12 months and average sales price $3,242,605

Founders Club – 5 properties for sale, 16 properties closed over the past 12 months and average sales price $2,108,230

Esplanade at Lakewood Ranch – 5 properties for sale, 41 properties closed over the past 12 months and average sales price $1,001,912

Esplanade at Azario – 5 properties for sale, 42 properties closed over the past 12 months and average sales price $796,629

SARASOTA Golf Community Insights – Single Family Luxury Homes

TPC Prestancia – 3 properties for sale, 9 properties closed over the past 12 months and average sales price $1,434,889

SWFL Golf Community Insigths – Condos Real Estate Trends

NAPLES Golf Community Insights –  Condos

Audubon Country Club –  1 property for sale, 2 properties closed over the past 12 months and average sales price $922,250

Grey Oaks –  5 properties for sale, 19 properties closed over the past 12 months and average sales price $1,953,842

Hammock Bay – 10 properties for sale, 43 properties closed over the past 12 months and average sales price $773,402

Kensington – 0 properties for sale, 18 properties closed over the past 12 months and average sales price $729,717

Lely Resort – 23 properties for sale, 205 properties closed over the past 12 months and average sales price $499,008

Mediterra – 6 properties for sale, 48 properties closed over the past 12 months and average sales price $1,854,854

Pelican Bay – 29 properties for sale, 333 properties closed over the past 12 months and average sales price $1,853,282

Pelican Marsh – 5 properties for sale, 66 properties closed over the past 12 months and average sales price $734,250

Talis Park – 9 properties for sale, 45 properties closed over the past 12 months and average sales price $1,449,840

Tiburon – 3 properties for sale, 38 properties closed over the past 12 months and average sales price $1,163,047

Treviso Bay – 9 properties for sale, 72 properties closed over the past 12 months and average sales price $544,989

Vineyards – 21 properties for sale, 119 properties closed the over past 12 months and average sales price $978,112

BONITA SPRINGS Golf Community Insights – Condos

Bonita Bay – 10 properties for sale, 169 properties closed over the past 12 months and average sales price $1,147,033

Palmira – 5 properties for sale, 13 properties closed over the past 12 months and average sales price $586,800

Pelican Landing – 2 properties for sale, 59 properties closed over the past 12 months and average sales price $533,111

Pelican Landing (The Colony) – 15 properties for sale, 49 properties closed over the past 12 months and average sales price $1,257,698

ESTERO Golf Community Insights – Condos

Miromar Lakes – 6 properties for sale, 53 properties closed over the past 12 months and average sales price $915,243

Pelican Sound – 1 property for sale, 26 properties closed over the past 12 months and average sales price $535,254

Shadow Wood – 2 properties for sale, 32 properties closed over the past 12 months and average sales price $577,250

West Bay Club – 6 properties for sale, 22 properties closed over the past 12 months and average sales price $953,086

FORT MYERS Golf Community Insights – Condos

Gulf Harbour Yacht and Country Club – 12 properties for sale, 98 properties closed over the past 12 months and average sales price $714,734

BRADENTON Golf Community Insights – Condos

Esplanade at Lakewood Ranch – 2 properties for sale, 18 properties closed over the past 12 months and average sales price $448,983

Esplanade at Azario – 1 property for sale, 7 properties closed over the past 12 months and average sales price $419,868

SARASOTA Golf Community Insights – Condos

TPC Prestancia – 1 property for sale, 3 properties closed over the past 12 months and average sales price $797,667

More SWFL Golf Community Insights

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 Real Estate Trends

The latest Sarasota real estate trends showed 967 properties sold for just over $601.6 Million during July for the North Port, Sarasota, and Bradenton areas. Like the rest of Southwest Florida, inventory more than doubled compared to the same time last year.

However, it is important to note inventory was extremely low last year. Like the previous month, even though supply has increased, the greater Sarasota area ended the month with less than a 2 months’ supply of properties for sale. A healthy market would be at least 6 months.

Additionally, property prices continued their upward trend. Although both single family homes and condos saw double-digit increases in the median sales price compared to July of last year, the median price was lower than this June. The trend in median sales prices combined with increased inventory are indications we have started the journey towards a balanced market.

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 is quite different than the suburbs of a major metropolitan area. If you have questions about a specific area or neighborhood, contact us for more information.

Sarasota Real Estate Trends – Single Family Homes

July 2022 versus July 2021 Single Family Home Highlights:

• Closed sales decreased 23.1 percent going from 882 transactions down to 678 sales.
• Pending sales decreased 14.3 percent down from 748 last July versus 641 this July.
• Inventory rose 112.3 percent up to 1,550 properties for sale compared to this same time last year when just 730 homes were for sale.
• New listings increased from 941 up to 959 which was a 1.9 percent increase.
• Median days on market increased to 10 days which was up from 5 days during last July.
• Available inventory of single-family homes ended July with 2 months’ supply of homes available for sale which was up 150 percent increase over this time last year.

With the low supply and high demand, sellers continue to have the advantage in the Sarasota housing market. Yet, this market will not last forever. There is still time to maximize the value of your home in this market. So, if you are considering selling, call, email or text us today – 239.370.0892 for a complimentary market analysis.

On the flip side, 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. New listings are hitting the market every day, we can help you with automatic property alerts.

Sarasota Real Estate Trends – Condos and Townhomes

July 2022 versus July 2021 Condo Highlights:

• Condo sales decreased 24.5 percent going from 383 real estate transactions down to 289 sales.
• Pending sales decreased 19.5 percent down from 723 last July to 582 this July.
• Inventory increased 121.2 percent up to 626 condos for sale compared to last July when there were only 283 units for sale.
• New listings increased from 333 up to 377 which was a 13.2 percent increase.
• Median days to contract was 10 days which was up from 6 days last year.
• Available inventory of condos ended July with 1.6 months’ supply of properties available for sale which was a 166.7 percent increase.

Between closed sales and pending sales, inventory remains extremely low despite the new listings added. As a result, the median sales price continued its upward trend, ending the month with a 24.1 percent increase year-over-year. Yet, the median prices were lower than June when it was a 34.4 percent increase year-over year. Like single-family homes, as long as inventory remains low, prices will continue to rise.

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 Newsletter – NEW!

July 2022 Sarasota County Single Family Home Sales

July 2022 Sarasota County Condo Sales

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.

August 27th, 2022, Posted by NaplesGolfGuy

Lee County July Housing Market Update

The July housing market update for Lee County showed more than $839 Million worth of properties closed during the month.

Similar to the rest of Southwest Florida, inventory increased significantly in July. Single-family inventory doubled and condos rose 81.7 percent. Overall, inventory rose just over 95 percent.

At first glance, the increase seems extraordinary. Yes, it is a step in the right direction. However, we are a long way from a balanced market which is a 6 to 7 months’ supply of homes for sale. As of July 31st, overall inventory is approximately a 2 months’ supply.

So, if you are wondering if prices are going to fall, keep in mind either supply would have to triple, or demand would need to drop significantly before we would see a balanced market, let alone prices fall below existing closed sales.

Sellers continued to adjust their “list prices” to reflect current market values. While the median sales price for both single family homes and condos saw a double-digit increases over July of last year, they were down slightly compared to June of this year. The slight decrease from the prior month is another indication we are moving towards a balanced market.

Lee County July Housing Market Update – Single Family Homes

July 2022 versus July 2021 Single Family Home Highlights:

• Closed sales decreased 22.6 percent going from 1,509 transactions down to 1,168 sales.
• Pending sales decreased 23.4 percent down from 1,574 last July versus 1,206 this July.
• Inventory increased 100 percent up to 3,442 properties for sale compared to this same time last year when 1,721 homes were for sale.
• New listings increased from 1,611 up to 1,737 which was a 7.8 percent increase.
• Median days on market increased to 16 days which was a 60 percent increase versus July of 2021.
• Available inventory of single-family homes ended July with a 2.5 months’ supply of homes available for sale which was up from 1.1 months’ supply during July 2021.

Since-family homes showed a modest increase in the median sales price, up 16.7 percent over July of last year. However, it was lower than June’s year-over-year increase which was 23.3 percent. If you are a Seller, you still have time to capture the top of the market.

For Sellers, the peak has come and gone. However, you still have the opportunity to sell at a premium price. It is important for both sellers and buyers to know the days of multiple offers above list price within 24 hours are over. Buyers are now taking their time in evaluating properties to ensure they find one that will fit their lifestyle and at a price they can justify. Call, email, or text us today to discuss your home’s value in today’s market. What is my home worth…

If you are considering buying a property, there are twice as many properties to choose from! At the same time, finding the right property may take time. To stay on top of new properties hitting the market sign up for automatic property alerts.

Lee County July Housing Market Update – Condos and Townhomes

July 2022 versus July 2021 Condo Highlights:

• Condo sales decreased 31.8 percent going from 708 real estate transactions down to 483 sales.
• Pending sales decreased 30.3 percent down from 661 last July to 461 this July.
• Inventory increased 81.7 percent up to 1,025 condos for sale compared to last July when there were only 564 units for sale.
• New listings decreased from 610 down to 551 which was a 9.7 percent increase.
• Median days to contract increased to 14 days which represented a 27.3 percent increase versus July of 2021.
• Available inventory of condos ended July with a 1.6 months’ supply of properties available for sale which was a 128.6 percent increase!

Despite the increase in inventory, the Lee County Condo market remains a strong Seller’s market. The number of condos for sale remains extremely low at just a 1.6 month’s supply. A balanced market would be a 6-7 months’ supply of homes for sale. Like last month due to low inventory both pending and closed sales were down year-over-year.

Additionally, if you are considering selling, new listings continued to sell quickly. Days on market remained extremely low at just 14 days from the day a condo was listed to contract. Also, both the median and average price continued to rise during July up 36.5 percent and 22.2 percent, respectively. As more inventory is added, we expect prices to start to level out.

If you are a buyer and you have been sitting on the sidelines, it may be time to start taking a closer look at homes for sale. Depending on the neighborhood, you may be surprised at the number of properties available. 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 July Housing Market Update

Naples Golf Guy Monthly Newsletter – NEW!

2022 Lee County July Single Family Home Sales

2022 Lee County July Condo Sales

Naples July 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.

August 26th, 2022, Posted by NaplesGolfGuy

Southwest Florida Golf Homes Just Listed

Preview golf homes just listed for sale in Naples, Bonita Springs, Estero, Fort Myers, Bradenton and Sarasota! 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!

GOLF HOMES JUSTED LISTED BY LOCATION

NAPLES Homes for Sale

BONITA SPRINGS Homes for Sale

ESTERO Homes for Sale

FORT MYERS Homes for Sale

BRADENTON Homes for Sale

SARASOTA Homes for Sale

Begin Searching for Your Own Vacation Home: