4 Ways to Submit a Competitive Offer to Win a Bidding War

Learn how to submit a competitive offer to buy your Southwest Florida home. In today’s competitive market, the average home for sale receives multiple offers. Let’s connect to make sure you’re fully prepared as a homebuyer for a potential bidding war.

Market Conditions:

In today’s housing market, inventory is at an all-time low and bidding wars are on the rise. In January, the average home sale had 3.7 offers. Also, houses sold in average of just 21 days.

4 Tip on How to Submit a Competitive Offer

1. Pay cash or be pre-approved for a mortgage
2. Present your best offer upfront
3. Get ready to work quickly
4. Partner with a trusted real estate professional

Begin Searching for SWFL Luxury Golf Properties:

Is It a Good Time to Sell My House?

In recent weeks I’ve been asked, “Is it a good time to sell my home” on a daily basis. The quick answer is yes. Why? The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae shows that 57% of consumers believe now is a good time to sell.

How Smart Is It to Buy a Home Today?

I have had several clients ask if buying a home today is a good idea. Whether you’re buying a vacation home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move.

Plantation Golf Home Under Contract!

Congratulations to our clients who are under contract to purchase this beautiful single family Plantation Golf home in a top Southwest Florida golf community, The Plantation Golf and Country Club. Working with colleague, Mike Pepple, they were able to find the perfect golf home with an oversized lanai and pool with spectacular views of the golf course and expansive lake.

Single Family Golf Home – 12918 Kentfield Ln. Ft. Myers, FL 33913 – List Price $719,900

 

More About This Luxury Home Pending Sale

A fabulous home with panoramic views of the water, preserve and Plantation golf course. With the addition of the oversized pool and cage, there’s plenty of room for the entire family to enjoy their surroundings day or night. Expansive ceilings, with an entertainer’s kitchen and a high end home entertainment system throughout will give the new owners the opportunity to live the ultimate Florida lifestyle.

• MLS 220006277
• Single Family Home
• Three Bedrooms Plus a Den
• Two Full Bathrooms and One Half Bath
• 2,586 Square Feet Under Air

If you are considering buying a luxury golf home in The Plantation or another southwest Florida golf community, be sure to connect with a real estate agent who specializes in golf communities. You’ll want to be sure the property you are looking for has the membership option which is right for you and your family.

More About The Plantation Golf  and Country Club

The Plantation is a private golf club located in Fort Myers Florida. One of Southwest Florida’s top golf communities with an 18 hole award winning private golf course. The course was designed by well-known architects Dr. Michael Hurdzen and Dana Fry.  The Plantation offers members a pure golf experience with a perfect combination of challenge golf experience with the elegance of a private luxury golf club.

The course caters to players of all skill levels. There are 9 tee box combinations which gives members and guests the ability to test their game or play a more relaxing round of golf.

View  Southwest Florida Bundled Golf Communities

View Southwest Florida Equity (one time initiation fee) Golf Communities

SWFL Luxury Golf Properties for Sale

View SWFL Luxury Golf Properties for sale or recently sold in some of the top golf communities in Naples, Bonita Springs, Estero and Fort Myers! 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 Luxury Golf  Properties for Sale in Naples, Bonita Springs, Estero and Ft. Myers

 

Talis Park – 16643 Isola Bella Ln. Naples, FL 34110– $4,350,000 More about New Construction

Luxury Single Family New Construction Home (Naples)

4 Beds plus a Den, 4 Full Baths and 3 Half Baths

5,582 Sq. Ft.

New Construction

Private Naples Golf Community – 18 holes – Upfront Initiation Fee for Membership

(More about this property) – (More about Talis Park) – (Talis Park Single Family Homes) – (Talis Park Condos)

 

Miromar Lakes – 17471 Via Ancona Way, Miromar Lakes FL 33913 – $3,750,000

Single Family Luxury Golf Home (Miromar Lakes)

4 Beds Plus Den and 4 Full Baths and 1 Half Bath

4,427 Sq. Ft.

Built 2020 (New Construction) More about New Construction

Private Miromar Lakes Golf Community – 18 holes – Upfront Initiation Fee for Membership

(More about this property) –  (More about Miromar Lakes) – (Miromar Lakes Single Family Homes) – (Miromar Lakes Condos)

 

 

Treviso Bay – 9921 Montiano Dr., Naples FL 34113 – $2,915,000 Under Contract!

Single Family Home (Naples)

4 Beds Plus Den and 4 Full Baths and 1 Half Bath

4,157 Sq. Ft.

New Construction

Private Naples Golf Community- 18 holes – Bundled Golf Community (Only TPC golf course in Southwest Florida)

(More About This Property) – (More about Treviso Bay) – (Treviso Bay Single Family Homes) – (Treviso Bay Condos)

 

 

Grey Oaks – 1564 Marsh Wren Lane Naples, FL 34110 – $2,575,000 Just Sold!

Luxury Single Family Home (Naples) (Learn about the Grey Oaks Lifestyle…)

3 Bedrooms Plus Den and 3 Full Bathrooms and 1 Half Bath

3,477 Sq. Ft.

Private Naples Golf Community – 54 holes – Upfront Initiation Fee for Membership

 

(More about this property) – (More about Grey Oaks) – (Grey Oaks Single Family Homes) – (Grey Oaks Condos)

 

 

Greyhawk at Golf Club of the Everglades – New Construction Lot 277 – Under Contract!

Single Family Home (Naples)

Under Construction

Pinnacle Floor Plan

2021 Delivery

Private Naples Golf Community- 18 holes – Upfront Initiation Fee (Membership Optional)

(More about Golf Club of the Everglades) – (Greyhawk Single Family Homes)

 

Mediterra – 15501 Monterosso Ln. Unit 202 Naples, FL 34110 – $769,000 Under Contract!

Luxury Golf Condo (Naples)

3 Beds and 3 Baths

2,685 Sq. Ft.

Built 2001

Private Naples Golf Community – 36 holes – Upfront Initiation Fee for Membership

(More about this Property) – (More about Mediterra) – (Mediterra Single Family Homes) – (Mediterra Condos)

 

Plantation – 12918 Kentfield Ln. Fort Myers, FL 33913 – $719,900 Under Contract!

Single Family Golf Home (Ft. Myers)

3 Beds Plus a Den and 2 Full Baths and 1 Half Bath

2,586 Sq. Ft.

Built 2007

Private Naples Golf Community – 18 holes – Upfront Initiation Fee for Membership

(More about Plantation) – (Plantation Single Family Homes) – (Plantation Condos)

 

Treviso Bay – 9226 Vento PL, Naples FL 34113 – $615,000 Under Contract!

Single Family Home (Naples)

3 Beds Plus Den and 3 Baths

2,035 Sq. Ft.

Built 2014

Private Naples Golf Community- 18 holes – Bundled Golf Community (Only TPC golf course in Southwest Florida)

(More About This Property) – (More about Treviso Bay) – (Treviso Bay Single Family Homes) – (Treviso Bay Condos)

 

Vineyards – 580 El Camino Real Unit 3206 Naples FL 34119 – $545,000 Just Sold!

Single Family Home (Naples)

3 Beds plus and 3 Baths

2,245 Sq. Ft.

Built 2007

Private Naples Golf Community- 36 holes – Upfront Initiation Fee

(More about The Vineyards) – (Vineyards Single Family Homes) – (Vineyards Condos)

 

Lakewood – 4340 Beechwood Lake Dr., Naples FL 34112 – $487,500 Just Sold!

Single Family Home (Naples)

4 Beds plus and 3 Baths

2,816 Sq. Ft.

Built 1977

Private Naples Golf Community – 18 holes – Upfront Initiation Fee

(More about This Property) – (More about Lakewood) – (Lakewood Single Family Homes) – (Lakewood Condos)

 

TwinEagles – 11934 Heather Woods Ct, Naples FL 34120 – Sales Price $575,000 Under Contract!

Single Family Home (Naples)

2 Beds and 2 Full Baths

2,162 Sq. Ft.

Built 2007

Private Naples Golf Community- 36 holes – Upfront Initiation Fee

(More about This Property) – (More about Twin Eagles) – (Twin Eagles Single Family Homes) – (Twin Eagles Condos)

 

 

TwinEagles – 12070 Covent Garden Ct. Unit 1503, Naples FL 34120 – Sales Price $459,000 Under Contract!

Coach Home (Naples)

3 Beds plus a Den and 2 and a half Baths

2,297 Sq. Ft.

Built 2016

Private Naples Golf Community- 36 holes – Upfront Initiation Fee

(More about This Property) – (More about Twin Eagles) – (Twin Eagles Single Family Homes) – (Twin Eagles Condos)

 

Palmira – 28621 San Lucas Ln Unit 201, Bonita Springs FL 34135 – Sales Price $426,000 Just Sold!

Condo Home (Naples)

3 Beds and 3 Full Baths

2,564 Sq. Ft.

Built 2003

Private Naples Golf Community- 27 holes – Upfront Initiation Fee

(More about This Property) – (More about Twin Eagles) – (Twin Eagles Single Family Homes) – (Twin Eagles Condos)

 

Fiddler’s Creek – 3194 Serenity Ct. Unit 202, Naples FL 34120 – Sales Price $395,000 Under Contract!

Condo (Naples)

3 Beds plus a Den and 3 Full Baths

3,010 Sq. Ft.

Built 2016

Private Naples Golf Community- 18 holes – Upfront Initiation Fee

(More about This Property) – (More about Fiddler’s Creek) – (Fiddler’s Creek Family Homes) – (Fiddler’s Creek Condos)

 

Treviso Bay – 9532 Avellino Way Unit 2722 , Naples FL 34113 – $290,000 Just Sold!

Condo (Naples)

2 Beds and 2 Baths

1,134 Sq. Ft.

Built 2012

Private Naples Golf Community- 18 holes – Bundled Golf Community (Only TPC golf course in Southwest Florida)

(More About This Property) – (More about Treviso Bay) – (Treviso Bay Single Family Homes) – (Treviso Bay Condos)

 

 

Begin Searching for SWFL Luxury Golf Properties:

January Housing Update for Lee County

The Lee County January housing update continued to show a significant increase in closed sales activity for both single family homes and condos for the month. In all, more than $618 Million in properties closed during the month of January up from $491 Million last year. Also, pending sales for both single family homes and condos showed significant increases over the same time list year.

As a result of the increased closed and pending sales, the number of homes for sale continues to fall and it remains a seller’s market. Home prices continue to trend upwards due to the lack of inventory in Bonita Springs, Estero and Fort Myers.

So, if you are considering selling, you are in the driver’s seat. Now would be an an excellent time to connect with a real estate professional to learn about your home’s value in today’s market.

January Housing Update – Single Family Homes

 

January 2021 versus January 2020 Single Family Home Highlights:

• Closed sales increased 34.2 percent going from 912 transactions up to 1,224 sales
• Pending sales increased 25.6 percent up from 1,514 last January versus 1,901 this January
• Inventory fell 60.1 percent down to 2,203 properties for sale compared to this same time last year when there were 5,519 homes for sale
• New listings decreased from 1,796 down to 1,610 which was a 10.4 percent decrease
• Median days on market decreased to 29 days which is a 50 percent decrease versus January 2020
• Available inventory of single family homes ended January with a 1.7 months supply of homes available for sale which is a 63.8 percent decrease

There seems to be no end in sight to the demand for single family homes in the Lee County area. And as buyers continue to go to contract quickly on homes listed, the sales prices have increased in excess of 20 percent over last January. The work from home trend continues to drive buyers to Southwest Florida. Buyers are looking for large single family homes with plenty of space for a home office, school children working from home, home fitness and ample space for the entire family.

Additionally, baby boomers continue to move up their time table to relocate to the area and either retire or purchase a second home. With such low inventory, if you see a property you are interested in purchasing, be prepared to move quickly and expect multiple offers to be submitted.

Bottom line, it remains a seller’s market. If you are considering selling a home, now is a great time to maximize the value of your home.

Lee County January Housing Update – Condos and Townhomes

 

January 2021 versus January 2020 Condo Highlights:

• Condo sales increased 26.4 percent going from 489 real estate transactions up to 618 sales
• Pending sales increased 45.1 percent up from 782 last January versus 1,135 this January
• Inventory decreased 47.8 percent down to 1,621 condos for sale compared to this same time last year when there were 3,106 units for sale
• New listings decreased from 962 down to 878 which was a 8.7 percent decrease
• Median days to contract decreased to 46 days which was a 28.1 percent decrease versus January 2020
• Available inventory of condos ended January with a 2.6 months supply of properties available for sale which was a 50.9 percent decrease

Similar to single family homes, condo closings and those going to contract increased significantly during January. At the same time, the number of homes for sale decreased more than 45 percent which bring us down to a 2.6 months’ supply of condos for sale. As a result, seller’s have the advantage in today’s market.

If you are ready to make a move to Southwest Florida, let’s connect to discuss your real estate needs.

Southwest Florida January Housing Update

January 2021 Housing Report for Single Family Homes

January 2021 Housing Report for Condos

SWFL Luxury Golf Community Trends

Naples Area Market Report

February 28th, 2021, Posted by NaplesGolfGuy

Southwest FL Luxury Golf Community Home Trends

Are you looking for the latest Luxury Golf Community Home Trends? For the most comprehensive coverage of golf community information in Naples, Bonita Springs, Estero or Fort Myers, explore our site for answers to all of your questions.

There are over 150 golf communities in the area, 90 percent of which have a private golf course within the community. With all of the various membership options, course designs, amenities and a wide area of home types available, it can be a challenge to select the right golf community to fit your lifestyle.

So, if you are searching for information on one of the best private golf course communities in Naples, Bonita Springs, Estero or Fort Myers, below you will find highlights for the latest real estate statistics for single-family golf homes and golf condos in our area.

Luxury Golf Community Home Trends – Single Family Homes

 

Naples Luxury Golf Community Home Trends (Single Family Luxury Homes)

Audubon Country Club – 7 properties for sale, 45 properties closed over the past 12 months and average sales price $1,060,259

Collier’s Reserve – 1 properties for sale, 19 properties closed over the past 12 months and average sales price $1,562,868

Fiddler’s Creek – 13 property for sale, 169 properties closed over the past 12 months and average sales price $810,114

Grey Oaks – 14 properties for sale, 81 properties closed over the past 12 months and average sales price $2,563,457

Kensington – 2 properties for sale, 14 properties closed over the past 12 months and average sales price $823,922

Lely Resort – 28 properties for sale, 160 properties closed over the past 12 months and average sales price $691,777

Mediterra – 15 properties for sale, 63 properties closed over the past 12 months and average sales price $1,951,387

Olde Cypress – 9 properties for sale, 48 properties closed over the past 12 months and average sales price $820,753

Pelican Bay – 12 properties for sale, 60 properties closed over the past 12 months and average sales price $2,458,165

Pelican Bay (Estates at Bay Colony) – 2 properties for sale, 2 properties closed over the past 12 months and average sales price $3,387,500

Pelican Marsh – 10 properties for sale, 66 properties closed over the past 12 months and average sales price $1,107,486

Quail Creek – 4 properties for sale, 26 properties closed over the past 12 months and average sales price $1,344,346

Quail West – 17 properties for sale, 86 properties closed over the past 12 months and average sales price $2,252,155

Talis Park – 5 properties for sale, 22 properties closed over the past 12 months and average sales price $2,689,773

Tiburon – 3 properties for sale, 18 properties closed over the past 12 months and average sales price $1,920,500

Vineyards – 8 properties for sale, 85 properties closed over the past 12 months and average sales price $725,580

 

Bonita Springs Luxury Golf Community Home Trends (Single Family Luxury Homes)

Bonita Bay – 17 properties for sale, 69 properties closed over the past 12 months and average sales price $1,435,224

Palmira – 5 properties for sale, 49 properties closed over the past 12 months and average sales price $607,888

Pelican Landing – 12 properties for sale, 61 properties closed over the past 12 months and average sales price $775,689

Pelican Landing (The Colony) – 2 properties for sale, 15 properties closed over the past 12 months and average sales price $1,577,667

 

Estero Luxury Golf Community Home Trends (Single Family Luxury Homes)

Miromar Lakes – 12 properties for sale, 71 properties closed over the past 12 months and average sales price $1,686,917

Pelican Sound –  0 property for sale, 11 properties closed over the past 12 months and average sales price $699,5445

Shadow Wood – 4 properties for sale, 75 properties closed over the past 12 months and average sales price $950,501

West Bay Club – 6 properties for sale, 33 properties closed over the past 12 months and average sales price $1,139,457

 

 

 

Fort Myers Luxury Golf Community Home Trends (Single Family Luxury Homes)

Gulf Harbour Yacht and Country Club – 8 properties for sale, 47 properties closed over the past 12 months and average sales price $716,980

The Forest – 4 properties for sale, 32 properties closed over the past 12 months and average sales price $463,138

 

Southwest Florida Luxury Golf Community Home Trends – Condos

 

 

 

Naples Luxury Golf Community Home Trends (Condos)

Fiddler’s Creek – 9 property for sale, 144 properties closed over the past 12 months and average sales price $316,076

Grey Oaks – 4 property for sale, 11 properties closed over the past 12 months and average sales price $995,718

Hammock Bay – 21 properties for sale, 37 properties closed over the past 12 months and average sales price $445,838

Kensington – 13 properties for sale, 20 properties closed over the past 12 months and average sales price $430,895

Lely Resort – 39 properties for sale, 194 properties closed over the past 12 months and average sales price $311,256

Mediterra – 9 properties for sale, 16 properties closed over the past 12 months and average sales price $588,469

Pelican Bay – 81 properties for sale, 316 properties closed over the past 12 months and average sales price $1,057,616

Pelican Marsh – 10 properties for sale, 97 properties closed over the past 12 months and average sales price $411,466

Talis Park – 6 properties for sale, 35 properties closed over the past 12 months and average sales price $915,322

Tiburon – 5 properties for sale, 41 properties closed over the past 12 months and average sales price $768,067

Vineyards – 30 properties for sale, 124 properties closed the over past 12 months and average sales price $361,137

 

 

 

 

Bonita Springs Luxury Golf Community Home Trends (Condos)

Bonita Bay – 51 properties for sale, 157 properties closed over the past 12 months and average sales price $789,432

Palmira – 1 properties for sale, 33 properties closed over the past 12 months and average sales price $324,275

Pelican Landing – 11 properties for sale, 99 properties closed over the past 12 months and average sales price $344,268

Pelican Landing (The Colony) – 34 properties for sale, 85 properties closed over the past 12 months and average sales price $879,095

 

 

 

 

 

Estero Luxury Golf Community Home Trends (Condos)

Miromar Lakes – 29 properties for sale, 60 properties closed over the past 12 months and average sales price $608,833

Pelican Sound – 0 properties for sale, 56 properties closed over the past 12 months and average sales price $303,921

Shadow Wood – 2 properties for sale, 35 properties closed over the past 12 months and average sales price $372,391

West Bay Club – 6 properties for sale, 27 properties closed over the past 12 months and average sales price $546,237

 

 

 

 

 

Fort Myers Luxury Golf Community Home Trends (Condos)

Gulf Harbour Yacht and Country Club – 17 properties for sale, 97 properties closed over the past 12 months and average sales price $507,882

Summary of Southwest Florida Gated Golf Community Home Trends

Overall, the latest trends for Luxury golf homes throughout Naples, Bonita Springs, Estero and Fort Myers show the market for golf properties continues to reflect the reduction in inventory. There are longer any golf communities with an oversupply of inventory. However, there are still great buying opportunities.

Whether you are considering a single-family home or a condo in a luxury golf community, inventory levels vary by community. A healthy level of inventory is between 6-7 months of supply of properties available.

Additionally, there are various fees associated with each golf community. It can be a challenge to determine what the total obligation will be for membership initiation fees as well as the annual obligation for membership dues and home owners association fees. Since each community varies we recommend you use a real estate agent familiar with golf communities to navigate your way through your options.

Contact us today to help you identify the best Southwest Florida golf community for you and your family and ensure the best return on your investment. At the same time, we will make your transaction as effortless as possible.

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.

Begin Your Own Search for a Luxury Dream Home in a Private Country Club:

Treviso Bay Luxury Home Under Contract!

Congratulations to a fantastic couple from Kentucky who now have this Treviso Bay Luxury Home under contract! A beautiful large Naples single family home with a full golf membership located in one of the best bundled golf communities in Southwest Florida.

Treviso Bay Luxury Home – 9921 Montiano Dr. Naples, FL 34113 – List Price $2,915,000

 

More About This Treviso Bay Luxury Home

Located in the exclusive Peninsula at Treviso Bay neighborhood, this fully furnished model home is just one of 55 homesites with unparalleled views of the lake and spectacular TPC Treviso Bay Golf Course. Spanning more than 4,000 square feet under air, the home has a spacious kitchen with walk-in pantry. A new construction home with a wide open floor plan offers the highest quality of modern luxury living. With an expansive lanai, pool and outdoor kitchen, there’s plenty of room for the entire family.

• MLS 219070672
• Single Family Home
• Full Bundled Golf Membership
• Four Bedrooms
• Four Full Bathrooms and One Half Bath
• 4,157 Square Feet Under Air
• New Construction

If you are considering buying a luxury golf home in Treviso Bay, be sure to connect with a real estate agent who specializes in golf communities. Some properties include a social membership only, while others have a full golf membership. You’ll want to be sure the property you are looking for has the membership option which is right for you and your family.

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

More About TPC Treviso Bay’s Golf Club

Treviso Bay is a private golf community with an 18-hole championship golf course.  It’s the only TPC course in Southwest Florida!  The golf course was designed by well-known golf course designer Arthur Hills and opened in 2018.  The course offers wide-open fairways with challenging greens.  Also, there are 6 sets of tees to cater to all levels of golfers.  Finally, the clubhouse at the golf course was recently completed and overlooks the 9th and 18th greens of the golf course.

View Bundled Golf Communities

View Equity (one time initiation fee) Golf Communities

More About Peninsula at Treviso Bay

The community is surrounded by condos, coach homes and single-family homes.  Prices range from $225,000 to $2,795,000.  And, it is one of the few golf course communities that offer both new construction as well as re-sale homes.  So, no matter the type of golf home you may be looking for, Treviso Bay has something for everyone.  Additionally, a 15,000 square foot amenity center is located at the center of the community and available for use by all residents.

View Treviso Bay Single Family Homes for Sale

View Treviso Bay Condos for Sale

January Naples Market Report

According to the January Naples Market Report, real estate activity is exceptionally strong to start the year. Buyers are fleeing the cold weather in northern states in full force. Property showings in Naples increased 36 percent up to 57,468 in January up from 42,299 in January of 2020.

Additionally, overall closed sales increased 50 percent compared to January of last year and pending sales were up 39 percent.

January 2021 versus January 2020 Highlights

• Closed sales increased 50 percent compared to January of the previous year.
• Overall pending sales increased to 2,210 from 1,359which represented a 39% increase versus 2019.
• Inventory fell a staggering 60 percent down to 2,750 homes for sale.
• Average days on market fell 27 percent down to 78 days.

Single family home closed sales increased 35 percent and condo sales increased 65% compared to the same time last year. The significant increase in both closed sales and pending sales has led to a shortage of inventory. In a balanced market, there is usually a 6 to 7 month’s supply of homes for sale. Although new homes are coming to the market, it is not at a pace to keep up with demand. As a result, there’s only a 2.6 month’s supply of properties available on the market. With such low inventory it is a seller’s market.

Due to the high level of buyer demand and a limited supply of inventory, there’s been a significant increase in multiple offers being submitted on a home. If you are considering a home purchase in Naples, be prepared to move quickly with an offer if you find a property you are interested in purchasing.

On the flip side, if you are considering selling, now is an excellent time to list your home for sale.

Naples Luxury Real Estate Market

The Naples Luxury real estate market saw the strongest activity during the month.  Homes priced between $1 million and $2 million saw a 39.6 percent increase. Additionally, homes priced above $2 million saw an even larger increase in closed sales with a 65.1 percent increase year over year.

According to the Knight Frank’s 15th edition of The Wealth Report, the global population of ultra-wealthy increased 2.4% up to more than 520,000 people last year. An ultra-high-net-worth individual (UHNWI) is someone with a net worth of $30 million or more. According to the report, 26 percent of UHNWIs globally plan to purchase a home in 2021, a significant increase from the 21 percent reported in 2020.

The annual report, which will be jointly released by Douglas Elliman and Knight Frank in March, also projects home prices could increase up to 7% in key luxury markets in 2021. Demand for Coastal and rural properties is especially strong. And the larger the home the better with homes sales for properties over 5,000 square feet rose 17 percent from 2019 to 2020.

In fact, the Naples real estate market reflects the global trends in larger home purchases. The top sales year-to-date include:

• $52,000,000 – 2700 Gordon Dr. in Port Royal with 11,511 square feet
• $39,000,000 – 3100 Gordon Dr. in Gulf View Estates with 15,264 square feet
• $36,000,000 – 2750 Gordon Dr. in Port Royal with 18,172 square feet
• $19,650,000 – 4155 Cutlass Ln. in Port Royal with 6,569 square feet
• 18,500,000 – 7613 Bay Colony Dr. in the Strand at Bay Colony with 12,505 square feet

View large single family Naples luxury homes for sale…

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

• $11,100,000 – 1264 Osprey Trail in The Estuary at Grey Oaks with 9,230 square feet
• $6,550,000 – 1287 Osprey Trail in The Estuary at Grey Oaks with 7,727 square feet
• $6,300,000 – 1271 Osprey Trail in The Estuary at Grey Oaks with 7,879 square feet
• $4,950,000 – 5024 Groveland Ter. in Quail West with 5,760 square feet
• $4,900,000 – 4297 Deep Haven Ln. in Quail West with 5,175 square feet

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

January Naples Market Report

Naples Area Market Report January 2021

Naples 2020 Year End Review

February 27th, 2021 Posted by NaplesGolfGuy

The Value of Home Equity in Building Wealth

What is the value of home equity when it comes to building wealth? Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted: