Lee County May Housing Market Update

The May housing market update for Lee County showed more than $1.441 Billion worth of properties closed during the month, up from $1.177 Billion during May of 2021. Unlike last month, only condo sales decreased double digits year-over-year in Bonita Springs, Estero and Fort Myers. Single family home sales only declined 5.4 percent.

The percentage of cash transactions during the month remained at 49 percent of the total transactions for the second consecutive month. If you are a buyer and you find yourself in a multiple bid situation, in most cases the seller will consider a cash offer a stronger offer than one with financing.

Although inventory remains historically low, it continued to build throughout the month.  The number of new properties hitting the market increased 7.4 percent for condos and single family homes increased 18.4 percent compared to the same time last year. In all, there were 2,805 new properties were listed during the month.

Lee County May Housing Update – Single Family Homes

May 2022 versus May 2021 Single Family Home Highlights:

• Closed sales decreased 5.4 percent going from 1,685 transactions down to 1,594 sales.
• Pending sales decreased 11 percent down from 1,739 last May versus 1,547 this May.
• Inventory increased 57.1 percent up to 2,419 properties for sale compared to this same time last year when 1,540 homes were for sale.
• New listings increased from 1,720 up to 2,036 which was an 18.4 percent increase.
• Median days on market fell to 11 days which was a 21.4 percent decrease versus May of 2021.
• Available inventory of single family homes ended May with a 1.7 months supply of homes available for sale which was up from 1 months supply during May 2021.

Similar to the first four months of the year, single family home prices showed a significant increases in the median sales price, up 28.8 percent over May of last year. If you are a Seller, you still have time to capture the top of the market. 

Keep in mind inventory is building and Sellers are starting to reduce their prices. So if you are considering selling, we recommend you don’t wait much longer and be sure to price it right from the get go. To find the best list price, we will take into account current market demand, the value of other homes in your neighborhood, look at where prices are headed and your home’s condition. Call, email or text us today. What is my home worth…

Also, keep in mind, even though industry experts continue to say growth will slow, we have yet to see a slowdown reflected in the actual local market data. As long as inventory remains low, prices will continue to rise. However, if inventory continues to build, we should see the rate of growth start to slow.

If you are considering buying a property there are twice as many properties to chose 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 May Housing Update – Condos and Townhomes

May 2022 versus May 2021 Condo Highlights:

• Condo sales decreased 14.6 percent going from 911 real estate transactions down to 778 sales.
• Pending sales decreased 23.1 percent down from 899 last May to 691 this May.
• Inventory increased 33.8 percent up to 812 condos for sale compared to last May when there were only 609 units for sale.
• New listings increased from 716 up to 769 which was a 7.4 percent increase.
• Median days to contract fell to 8 days which represented an 46.7 percent decrease versus May of 2021.
• Available inventory of condos ended May with a 1.2 months supply of properties available for sale which was a 50 percent increase!

The Lee County Condo market remains a strong seller’s market. Even though inventory has double compared to this time last year, historically it remains very low at jus a 1.2 month’s supply. A balanced market would be a 6-7 months supply of homes for sale. As a result of the 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 8 days from the day a condo was listed to contract. Also, both the median and average price continued to rise during May up 38.6 percent and 29 percent respectively. As more inventory is added, we expect prices to start to level out.

If you are a buyer and you’ve 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’re considering moving to the area, contact us for more information.

Southwest Florida May Housing Market Update

2022 Lee County May Housing Market Update – Single Family Homes

2022 Lee County May Housing Market Update – Condos

Naples Golf Guy Monthly Newsletter – NEW!

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

So, if you’re 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.

June 26th, 2022, Posted by NaplesGolfGuy

New Golf Home Listings in Southwest Florida

Preview new golf home listings 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!

NEW GOLF HOME LISTINGS BY LOCATION

New Golf Homes for Sale in NAPLES

New Golf Homes for Sale in BONITA SPRINGS

New Golf Homes for Sale in ESTERO

New Golf Homes Sale in FORT MYERS

New Golf Homes for Sale in BRADENTON

New Golf Homes for Sale in SARASOTA

Begin Searching for Your Own Vacation Home:

Naples May Real Estate Recap

The latest Naples May real estate recap for the area showed 1,249 properties sold for just over $1 Billion! The largest sale was $22,120,000 for a single family home in Port Royal. Additionally, the luxury market was still strong as evident by the 379 properties sold at or above $1 Million.

The Naples lifestyle remained in high demand as evident by the low days on market which was 16 days for the second consecutive month. Once again, closed sales and pending sales were were lower than this time last year due to limited inventory.

In all, there were 728 single family homes and 675 condos sold for a total of 1,403 sales during the month which was a 5.1 percent increase over last year.

So far, year-to-date, properties have sold very near or above list price. Condos sold just above asking price at 101.4 percent of list price and single family homes came in at 99.7 percent of list.

On a positive note for buyers, our inventory increased 59 percent ending the month at 2,046. New listings totaling 1,222 contributed to our increased inventory during May which was a 77.4 percent increase over May of 2021.

Naples Real Estate Trends

May 2022 versus May 2021 Highlights

• Closed sales decreased 25 percent compared to May of last year.
• Overall pending sales decreased 36 percent versus the same time period.
• Inventory increased 59 percent up from 1,290 homes to 2,046 homes for sale.
• Average days on market fell 63 percent down to 16 days.

Similar to the first quarter of the year, single family homes saw a significant increase in the median price which rose 37 percent up to $815,000. Condos saw an even bigger increase up 47.5 percent up to $483,000. Overall, the median price rose 40 percent coming in at $608,000 year-over-year which is excellent news for Sellers.

Although the median price has increased significantly, during recent weeks we’ve seen indications price appreciation is slowing. A total of 889 properties reduced their price in May which was a 34 percent increase in the number of price reductions compared to April. And, in the past week alone, there have been 310 price reductions. To reiterate what we’ve said over the past couple of  months, the price reductions do not mean prices are going below previous closed sales. These reductions are on Naples homes which were originally overpriced and seller’s are starting to adjust their prices to reflect current market conditions.

Also, ShowingTime, which tracks the number of times properties are shown noted there were 29,431 appointments during the month of May which was 8,483 fewer than April. Another indication the market is starting to slow.

If you are considering selling, the increase in inventory as well as the price reductions show prices have started to stabilize. While it remains a seller’s market, we are moving towards a more balanced environment. There’s still time to list your home to maximize your profits. Call, email or text us today for a FREE home evaluation – 239.370.0892.

If you are considering buying, have you signed up for our property alerts yet? Our team has a process in place to help notify clients within seconds of a new listing going live. For those looking to move forward with a home purchase in the short term, we will arrange for a virtual tour and provide an assessment of the property.

For those who just want to stay informed about specific neighborhoods, you can view properties at your leisure through our property portal. Sign up for automatic property alerts or call us and we’ll set up the alerts for you based on your criteria.

Naples Luxury Home Sales in Exclusive Golf Communities For April

• $10,000,000 – 1429 Nighthawk Pt. in Grey Oaks with 5,731 sq. ft. (100% of list price)
• $8,785,000 – 705 Hollybriar Ln. in Pelican Bay with 5,352 sq. ft. (98% of list price)
• $7,400,000 – 2713 Buckthorn Way in Grey Oaks with 6,296 sq. ft. (93% of list price)
• $6,100,000 – 16767 Prato Way in Talis Park with 4,619 sq. ft. (100% of list price)
• $5,725,000 – 5907 Sunnyslope Dr. in Quail West with 5,506 sq. ft. (91% of list price)
• $5,600,000 – 2709 Buckthorn Way in Grey Oaks with 5,211 sq. ft. (97% of list price)
• $5,450,000 – 1257 Waggle Way in Pelican Marsh with 6,404 sq. ft. (100% of list price)
• $5,100,000 – 1633 Chinaberry Way in Grey Oaks with 5,699 sq. ft. (97% of list price)
• $4,950,000 – 6289 Burnham Rd. in Quail West with 4,695 sq. ft. (100% of list price)
• $4,900,000 – 10846 Est Cortille Ct in Mediterra with 5,367 sq. ft. (102% 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 nearly 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 the world. We are dedicated to making the sales process easier 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.

Naples Area Market Report – May 2022

Naples Golf Guy Monthly Newsletter – NEW!

Results You Can Count On

Southwest Florida June Weekly Home Sales Recap

The latest Southwest Florida June Weekly Home Sales recap for Bonita Springs, Estero and Southern Fort Myers showed 298 properties sold during the week of the 4th.

Southern Fort Myers was in the number one position with 124 real estate transactions. Sales were as follows: 6 percent were agricultural lots, 24 percent vacant lots, 22 percent were condos and 43 percent were single family homes. The remaining Fort Myers properties sold were multi-family and commercial units.

Bonita Springs was in the second position with 93 transactions. The Bonita property sales were divided as follows: 24 percent were vacant lots, 35 percent were condos and 26 percent were single family homes. The other properties sold were mobile homes and a commercial unit.

Finally, Estero rounded out the week in the third spot with 76 property sales. Home sales were split between multiple property types. Of the 76 sales, 30 percent were vacant lots, 34 percent were condos and 36 percent were single family homes.

In review, based on the real estate transactions report for the week, property sales were broken down by the following types in Southwest Florida: 87 condos, 114 single family homes, 79 vacant lots, 8 agricultural lots, 4 commercial units, 3 mobile homes and 3 multi-family units.

Southwest Florida Luxury Property Sales

Fifty-Nine luxury properties sold during the week above $1,000,000.

• $1,000,000 – $1,999,999 price range – 44 homes sold
• $2,000,000 – $2,999,999 price range – 4 homes sold
• $3,000,000 – $4,999,999 price range – 3 homes sold
• $5,999,000 – $9,999,999 price range – 6 homes sold
• $10,000,000 plus – 2 properties sold

June Weekly Home Sales Recap – Organized by Zip Code

Bonita Springs

• 34134 – 23 properties sold (1 vacant lot, 9 single family homes and 13 condos)
• 34135 – 70 properties sold (1 commercial unit, 3 mobile homes, 21 vacant lots, 25 single family homes and 20 condos)

Southern Fort Myers

• 33912 – 29 properties sold (1 vacant lot, 1 multi-family unit, 7 agricultural lots, 9 single family homes and 11 condos)
• 33913 – 71 properties sold (1 agricultural lot, 2 commercial units, 25 vacant lots, 27 single family homes and 16 condos)
• 33967 – 24 properties sold (1 commercial unit, 2 multi-family units, 4 vacant lots and 17 single family homes)

Estero

• 33928 – 63 properties sold (23 vacant lots, 24 single family homes and 16 condos)
• 33967 – 6 properties sold (2 single family homes and 4 condos)
• 34134 – 2 properties sold (2 condos)
• 34135 – 5 properties sold (1 single family home and 4 condos)

Miromar Lakes

• 33913 – 5 properties sold (4 vacant lots and 1 condo)

Southwest Florida Sales Reports:

Naples Golf Guy Monthly Market Report

Considering Selling Your Naples Home? Why Work with an Experienced Real Estate Agent

Luxury Quarry Condo Under Contract!

Another Quarry Condo under contract in Naples Florida! Congratulations to a wonderful couple from New Jersey who we helped find the ideal golf condo to begin their Florida lifestyle! This condo is located in The Quarry Golf Club, which is a top private country club in Southwest Florida.

9525 Ironstone Terrace Unit 202 – List Price – $829,900

More About This Quarry Condo Under Contract:

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: 2
• Bathrooms: 2
• Square ft.: 1,125
• Year Built: 1988

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:

June 23rd 2022, Posted by NaplesGolfGuy

Lely Country Club Condo Just Sold!

Another Lely Country Club Condo sold by the Naples Golf Guy Team! Congratulations to our clients from the Chicago area who bought a fantastic vacation condo overlooking the golf course in Lely Country Club.

701 Augusta Blvd. Unit 701-3 Naples, FL – Sold Price $310,000

More About this Lely Country Club Condo:

This first floor turnkey furnished condo is located in Lely Country Club and overlooks the Royal Palm Golf Course. It comes with a full golf membership to 27 championship holes. The unit boasts beautiful granite counter tops, pantry with rollout drawers and tray ceilings. Complete with hurricane impact windows and rolldown shutter making the unit the perfect place to spend the winter in warm sunny weather.

• Bedrooms: 2
• Bathrooms: 2
• Square ft.: 1,125
• Year Built: 1988

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

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

Naples April Weekly Real Estate Recap

The latest Naples April weekly real estate recap for the week of the 18th showed 441 Homes Sold up from 325 during the previous week. A Royal Harbor property was the highest priced sale at $15,450,000.

East Naples remained in the top slot with 109 real estate transactions up from 79 during the prior week. Home sales consisted of 4 percent vacant lots, 23 percent single family homes and 72 percent were condos. The remaining property sold was a mobile home.

North Naples was in the second position with 75 homes sold up from 64 during the previous week. Of the 75 property sales, 4 percent were vacant lots, 37 percent were single family homes and 59 percent were condos.

Finally, the City of Naples ended the week with 48 home sales compared to 45 sales during the week of the 11th. Naples property sales were made up of 33 percent single family homes and 63 percent condos. There was also two vacant lots sold during the week.

In summary, the Naples home sales recap for the week of April 18th showed sales were broken down as follows: 226 condos, 141 single family homes, 70 vacant lots and 4 mobile homes.

Naples Luxury Home Sales

Ninety-Nine homes sold during the week. Luxury home prices ranged from $1,000,000 to $15,450,000.

• $1,000,000 – $1,999,999 price range – 57 homes sold
• $2,000,000 – $2,999,999 price range – 18 homes sold
• $3,000,000 – $4,999,999 price range – 14 homes sold
• $5,999,000 – $9,999,999 price range – 9 homes sold
• $10,000,000 plus – 1 home sold

Weekly Real Estate Review for Naples Florida – Organized by zip code:

City of Naples

• 34102 – 13 properties sold (1 vacant lot, 5 single family homes and 7 condos)
• 34103 – 10 properties sold (1 vacant lot, 2 single family homes and 7 condos)
• 34105 – 25 properties sold (9 single family homes and 16 condos)

North Naples

• 34109 – 25 sold properties (10 single family homes and 15 condos)
• 34110 – 24 properties sold (5 single family homes and 19 condos)
• 34119 – 26 properties sold (3 vacant lots, 13 single family homes and 10 condos)

East Naples

• 34104 – 26 properties sold (5 single family homes and 21 condos)
• 34112 – 54 properties sold (1 mobile home, 1 vacant lot, 13 single family homes and 39 condos)
• 34113 – 29 properties sold (3 vacant lots, 7 single family homes and 19 condos)

Ave Maria and Immokalee

• 34142 – 8 properties sold (6 vacant lots, 1 single family home and 1 condo)

Barefoot Beach

• 34134 – 3 properties sold (1 single family home and 2 condos)

Big Cypress

• 34117 – 12 properties sold (8 vacant lots and 4 single family homes)

Chokoloskee

• 34138 – 2 properties sold (1 mobile home and 1 condo)

Coco River

• 34108 – 39 properties sold (3 vacant lots, 17 single family homes and 19 condos)

Corkscrew

• 34120 – 57 properties sold (2 mobile homes, 31 vacant lots, 15 single family homes and 9 condos)

Everglades City

• 34139 – 3 properties sold (3 single family homes)

Eastern Collier County

• 34114 – 42 properties sold (10 vacant lots, 14 single family homes and 18 condos)
• 34116 – 9 properties sold (7 single family homes and 2 condos)

Marco Island

• 34145 – 34 properties sold (3 vacant lots, 10 single family homes and 21 condos)

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

View large single family Naples luxury homes for sale…

Southwest Florida Real Estate Trends

Naples Golf Guy Monthly Market Report

Luxury Golf Community Trends

Golf Community Homes Just Listed

Esplanade Golf Home Under Contract in Lakewood Ranch!

Another Esplanade golf home under contract! Congratulations to our clients from Connecticut who found a fantastic vacation home in Southwest Florida. Naples Golf Guy Teammate Mackenzie Davis, helped them find the ideal lifestyle and home in one of the most sought after bundled golf communities in Lakewood Ranch.

5006 Tivoli Run, Lakewood Ranch, FL – List Price $1,100,000

More About this Esplanade Golf Home:

A beautiful single family home with the popular Pallazio floor plan includes a FULL GOLF Membership. The home has high tray ceilings and wide open floor plan with plenty of space for the entire family. The kitchen has Calcutta quartz countertops with a subway tile backsplash, high-end stainless-steel appliances, built-in gas stove, large center Island with wine refrigerator and much more. Finally, the extended covered screened-in patio includes ample space for dining, relaxing and entertaining.

• Bedrooms: 4 plus den
• Bathrooms: 3
• Square ft.: 3,147
• Year Built: 2017

More About Sarasota’s Esplanade Golf and Country Club

Esplanade at Lakewood Ranch is a private golf club featuring an 18-hole championship golf course. Located in Bradenton, Florida this bundled golf community offers a resort-like lifestyle with lush landscaping and beautifully manicured golf course and practice facility.

In addition to golf, Esplanade residents have access an expansive clubhouse with a wide variety of amenities.  Enjoy lagoon-style pools, resistance pool, spas, pool-side Bahama Tiki-Bar, state-of-the-art fitness and aerobics facilities. The club also offers 6 lighted Har-Tru Tennis Courts, Bocce Ball and Pickleball courts.

A fabulous culinary center offers a casual dining experience at the Barrel house Tap Room and Bar, fine dining at the Barrel House Bistro or grab a quick meal at The Café.

The village of Esplanade consists of 1,250 single family homes, detached villas and condos build by Taylor Morrison. Located in the heart of Lakewood Ranch, these Mediterranean-style homes range in size from 1,700 to 3,500 square feet.

Learn more about Esplanade at Lakewood Ranch…

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

Home Price Deceleration Doesn’t Mean Home Price Depreciation

What does the recent home price deceleration mean to the real estate market? Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. And some of those words sound a bit similar but mean very different things. To help clarify what’s happening with home prices and where experts say they’re going, here’s a look at a few terms you may hear:

Another Heritage Bay Golf Property Just Sold!

Another Heritage Bay golf property sold by the Naples Golf Guy Team! Congratulations to our clients from New York who bought a fantastic condo in an excellent Naples bundled golf community while working with teammate Mike Pepple.

Heritage Bay – 10260 Heritage Bay Blvd. Unit 3523 Naples, FL – Sold Price $534,000

More About this Heritage Bay Golf Property:

This turnkey furnished condo is a Barrington unit in Veranda II with a panoramic view of the golf course. It comes with a full golf membership to 27 championship holes. The open floor plan and high ceilings offer plenty of light and allows for an open spacious feeling.

• Bedrooms: 2 plus den
• Bathrooms: 2
• Square ft.: 1,414
• Year Built: 2007

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 $550,000 to $1,200,000 and condos range from $235,000 to $677,000.  Learn more about Heritage Bay…

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