May Real Estate Trends For Naples Florida

The May Real Estate Trends Report shows high demand for single family homes in Naples, Florida. Property showings in May increased 244 percent compared to showings in April. The most notable trend was the increase in pending sales in May which increased 90 percent compared to pending sales in April.

The real estate industry continues to adapt to today’s environment. There has been a significant increase in virtual open houses, high end video tours and live chat sessions with potential homebuyers.   Additionally, we’ve adopted paperless transactions for the entire real estate process. In fact, some homebuyers have purchased a home 100 percent remotely.

In all, 599 buyers purchased homes in Naples last month. According to Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. , “The Naples real estate market is extremely resilient. REALTORS were able to adapt fast as new buyers started pouring into the market in May.”

2020 May Real Estate Trends

May 2020 Versus May 2019 Real Estate Activity Highlights

• Single family home sales decreased by 47 percent with 314 Naples real estate transactions
• Condo sales decreased to 285 sales which was a 52 percent decrease compared to last May
• Overall pending sales decreased to 599 representing a 50 percent decrease
• Overall inventory fell 27 percent down to 5,116 properties for sale compared to the same time last year
• Days on market decreased to 91 days which is a 15 percent decrease versus May 2019

Naples Closed Sales

Despite the unique situation we are in at the moment, overall closed sales by price range for a rolling 12 months shows home sales increased in most price categories. Most notably, Naples Luxury homes between $1 million and $2 million lead the way with a 5.4 percent increase over the same time period last year.

On the flip side, we saw a slight decrease in ultra luxury homes sold above $2 million dollars which had just under a 2.1 percent decline.

Once again, it’s clear there is a shift in buyers looking for single family homes with more space and privacy. Single family home sales increased 4.7 percent compared to condos which decreased 1.9 percent. Additionally, single family homes homes with at least three bedrooms saw increases in closed sales activity.

Days on Market for Naples Home Sales

Once again, a bright spot for the month was the decrease in the number of days a property was on the market before it sold. The overall median days on market fell 15 percent. Single family homes saw a slightly larger decrease in days on market down 17.4 percent compared to condos which fell by 12.5 percent.

Naples Inventory of Homes for Sale

Overall inventory during May decreased 27.2 percent to 5,116 homes from 7,023 homes in May 2019. However, while there was a 4 percent decrease in new listings of single-family homes in May, there was a 6.5 percent increase in new listings of condominiums.

As evident in the chart to the left, all price ranges saw major impacts to inventory levels. Properties below $500,000 saw the biggest impact with over a 30 percent decline. The decrease in inventory is primarily due to homeowners either waiting to list their property until the fall or until our current health crisis passes.

Several people have asked if homeowners are lowering home prices and the answer is “no”. With inventory levels low and with only a 5.8 months supply of single family homes for sale, home prices are actually increasing. Additionally, the percentage of list price increased in all price categories. With low inventory, homeowners are less willing to negotiate.

Ultimately, Naples offers a luxury lifestyle with numerous outdoor activities, sunshine and low taxes. So, if you are considering relocating or perhaps buying a second home or vacation home now is a great time to get started.

If you are seller who took your home off the market, consider relisting now. Traffic has increased considerably over the past couple of weeks and virtual showings are the new normal. There are many buyers looking for homes in less populated areas and with more space.

For those who are just in the planning stages of selling your home, there is no better time than now to connect with us to talk about how we can prepare your home for sale safely.

More May Real Estate Trends For Naples

NABOR’s Naples Area Market Report

May Real Estate Trends for Luxury Golf Community

Latest Naples Real Estate Transactions Report 

Find a Real Estate Expert Who Specializes in Golf Community Real Estate

Look for an agent who specializes in the type of community or properties you are interested in purchasing. If you are considering a Southwest Florida Golf Community, there are more than 150 golf course communities to chose from. How do you know which one is right for you and your family?  Find a specialist who has the knowledge and experience about golf community real estate to help you navigate the various clubs, courses, membership options, amenities and location that will best match your lifestyles.

“Luxury Lifestyle” has different meanings for different people. What does it mean to you? Golf course communities in our area have enhanced their amenities to provide members with the ultimate luxury experience. From wellness centers to pickleball and everything in between. We will help you identify the best communities to visit.

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

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Selling Your Home? Work with an Experienced Naples Luxury Realtor

In today’s rapidly changing market, it’s critical to make sure you have a digital game plan and an effective online marketing strategy when selling your home, especially if you are selling a luxury home. One of the ways your agent can help with this is to make sure your listing photos and virtual tours stand out from the crowd, truly giving buyers a detailed and thorough view of your home.

So, if you’re ready to move forward, virtual practices may help you win big when you’re ready to sell. While abiding by state and local regulations is a top priority, we can help make your sale happen. We know exactly what today’s buyers need, and how to put the necessary digital steps in place. For example, according to the same survey, when asked to select what technology would be most helpful when deciding on a new home, here’s what today’s homebuyers said, in order of preference:

• Virtual tour of the home
• Accurate and detailed listing information
• Detailed neighborhood information
• High-quality listing photos
• Agent-led video chat
• Paperless transactions

So, if you are contemplating selling a home in Bonita Springs, Estero, Naples or Fort Myers, we encourage you to work with a Professional Real Estate Agent or REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price.

Now more than ever, an agents presence on the internet is critical to selling your home. Let’s connect to talk about how we would leverage new real estate technology such as virtual tours and high end photography, e-mail marketing, social media marketing and much more.

Finally, if you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities.  Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Should I Use a Realtor or Sell on My Own?

June 20th, 2020, Posted by NaplesGolfGuy

Luxury Golf Home Trends in Southwest Florida

Looking for the latest Luxury Golf Home Trends in Southwest Florida? 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 pick the right one.

So, if you are searching for information on one of the top 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 multiple Southwest Florida luxury golf communities.

Southwest Florida Luxury Golf Home Trends

 

 

Naples Luxury Golf Communities (Single Family Homes)

Audubon Country Club – 21 properties for sale, 21 properties closed over the past 12 months and average sales price $1,146,167

Collier’s Reserve – 11 properties for sale, 15 properties closed over the past 12 months and average sales price $1,469,660

Grey Oaks – 34 properties for sale, 46 properties closed over the past 12 months and average sales price $2,587,848

Kensington – 7 properties for sale, 13 properties closed over the past 12 months and average sales price $826,300

Lely Resort – 84 properties for sale, 105 properties closed over the past 12 months and average sales price $660,056

Mediterra – 47 properties for sale, 38 properties closed over the past 12 months and average sales price $2,235,838

Olde Cypress – 25 properties for sale, 35 properties closed over the past 12 months and average sales price $738,269

Pelican Bay – 34 properties for sale, 48 properties closed over the past 12 months and average sales price $2,206,719

Pelican Bay (Estates at Bay Colony) –  4 properties for sale, 2 properties closed over the past 12 months and average sales price $4,162,500

Pelican Marsh – 26 properties for sale, 58 properties closed over the past 12 months and average sales price $1,000,866

Quail Creek – 11 properties for sale, 25 properties closed over the past 12 months and average sales price $1,023,956

Quail West – 41 properties for sale, 50 properties closed over the past 12 months and average sales price $1,955,978

Talis Park – 13 properties for sale, 15 properties closed over the past 12 months and average sales price $1,886,833

Tiburon – 7 properties for sale, 12 properties closed over the past 12 months and average sales price $1,674,583

Vineyards – 35 properties for sale, 58 properties closed over the past 12 months and average sales price $693,563

 

Bonita Springs Luxury Golf Communities (Single Family Homes)

Bonita Bay – 21 properties for sale, 57 properties closed over the past 12 months and average sales price $1,229,372

Palmira – 17 properties for sale, 41 properties closed over the past 12 months and average sales price $598,329

Pelican Landing – 30 properties for sale, 46 properties closed over the past 12 months and average sales price $752,885

Pelican Landing (The Colony) – 10 properties for sale, 7 properties closed over the past 12 months and average sales price $1,398,429

 

Estero Luxury Golf Communities (Single Family Homes)

Miromar Lakes – 48 properties for sale, 28 properties closed over the past 12 months and average sales price $1,419,909

Pelican Sound –  0 properties for sale, 7 properties closed over the past 12 months and average sales price $695,000

Shadow Wood – 39 properties for sale, 46 properties closed over the past 12 months and average sales price $830,532

West Bay Club – 18 properties for sale, 17 properties closed over the past 12 months and average sales price $1,127,803

 

 

 

 

Fort Myers Luxury Golf Communities (Single Family Homes)

Gulf Harbour Yacht and Country Club – 17 properties for sale, 33 properties closed over the past 12 months and average sales price $728,065

The Forest – 9 properties for sale, 17 properties closed over the past 12 months and average sales price $446,235

 

Luxury Golf Condo Trends in Southwest Florida

 

 

 

Naples Luxury Golf Communities (Condos)

Grey Oaks – 3 property for sale, 10 properties closed over the past 12 months and average sales price $829,600

Hammock Bay – 24 properties for sale, 31 properties closed over the past 12 months and average sales price $470,613

Kensington – 17 properties for sale, 9 properties closed over the past 12 months and average sales price $478,944

Lely Resort – 86 properties for sale, 179 properties closed over the past 12 months and average sales price $312,075

Mediterra – 23 properties for sale, 15 properties closed over the past 12 months and average sales price $576,789

Pelican Bay – 133 properties for sale, 242 properties closed over the past 12 months and average sales price $1,152,161

Pelican Marsh – 41 properties for sale, 86 properties closed over the past 12 months and average sales price $366,411

Talis Park – 16 properties for sale, 25 properties closed over the past 12 months and average sales price $858,772

Tiburon – 20 properties for sale, 38 properties closed over the past 12 months and average sales price $786,333

Vineyards – 52 properties for sale, 124 properties closed the over past 12 months and average sales price $343,876

 

 

 

 

Bonita Springs Luxury Golf Communities (Condos)

Bonita Bay – 72 properties for sale, 110 properties closed over the past 12 months and average sales price $748,182

Palmira – 12 properties for sale, 21 properties closed over the past 12 months and average sales price $330,320

Pelican Landing – 32 properties for sale, 70 properties closed over the past 12 months and average sales price $348,322

Pelican Landing (The Colony) – 41 properties for sale, 62 properties closed over the past 12 months and average sales price $886,826

 

 

 

 

 

Estero Luxury Golf Communities (Condos)

Miromar Lakes – 36 properties for sale, 43 properties closed over the past 12 months and average sales price $587,558

Pelican Sound – 3 properties for sale, 56 properties closed over the past 12 months and average sales price $300,005

Shadow Wood – 11 properties for sale, 30 properties closed over the past 12 months and average sales price $366,193

West Bay Club – 12 properties for sale, 24 properties closed over the past 12 months and average sales price $461,667

 

 

 

 

 

Fort Myers Luxury Golf Communities (Condos)

Gulf Harbour Yacht and Country Club – 45 properties for sale, 80 properties closed over the past 12 months and average sales price $423,362

Summary of Southwest Florida Luxury Golf Home Trends

Overall, the latest real estate trends for Luxury homes in golf communities throughout Naples, Bonita Springs, Estero and Fort Myers show the market for luxury properties has started to reflect the reduction in inventory. There are a handful of golf communities with an oversupply of inventory and therefore are considered 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. Since each community varies we recommend you use a real estate agent familiar with golf communities to navigate your way through your options.

Here are a couple of examples that show why it is important to have a good understanding of the community and whether the inventory levels are healthy, or have high or low supply. Grey Oaks only has 3 condos for sale and only 3.6 month’s supply of inventory which makes condos in this community a seller’s market. On the flip side, if you were looking for a single family home in Mediterra, there’s over a 14 month supply of Naples homes for sale making it a buyer’s market.

Also, fewer Luxury Golf Communities more than 10 months’ supply of single-family home inventory. They include, Audubon Country Club, Pelican Landing, Mediterra, Miromar Lakes, and West Bay. So, if your a luxury home buyer, now would be a great time to look at property in one of these communities since there is an oversupply of luxury homes for sale. As a result, there should be room for negotiating a great price.

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:

Foxfire Golf Condo For Sale

Schedule a virtual tour or private in person tour of this first floor Foxfire Golf Condo for sale in Naples, Florida. If you are an avid golfer looking for a property in a bundled golf community you’ll enjoy the spectacular view of the 4th hole of a great Arthur Hills golf course. Not only is this an excellent community for golfers with a 27 hole golf course, Foxfire residents and guests also have easy access to additional amenities such as tennis courts, bar and restaurant, community pool, fitness center and much more.

Foxfire Golf Condo for Sale – 308 Foxtail Ct. Unit 3-308, Naples FL 34104

More About This Foxfire Condo:

• MLS #: 219071677
• List Price – $209,500
• First Floor Unit
• Bedrooms: 2
• Bathrooms: 2
• Square Feet: 1,295, under air
• View more photos…

For a private tour of this Foxfire Condo which is new to the market, contact Mike at 239-777-8870 or Mike@NaplesGolfGuy.com

Property Search:

Naples April Home Sales Strong For The Week of April 20th

The latest reports show April Home Sales were strong for the week of April 20th. There were 219 Naples Homes Sold versus 225 homes sales during the previous week.

North Naples and East Naples finished the week with 49 real estate transactions. In North Naples, the 49 properties sold was the same number of homes sold during the prior week. Of the 49 sales, 10 percent were vacant lots, 43 percent were single family homes and 55 percent were condos.

East Naples also had 49 real estate transactions which was slightly higher than the 45 real estate transactions during the previous week.  East Naples home sales consisted of 16 percent vacant lots, 22 percent single family homes and 57 percent were condos. The reaming properties sold were mobile homes.

And finally, the City of Naples finished the week with 29 homes sold down from 32 sales during the week of the April 13th. Real estate sales were made up of 41 percent single family homes and 55 percent condos. The remaining Naples property sold was a vacant lot.

In summary, the Naples Florida real estate transactions review for the week of April 20th show properties sold were broken down as follows: 99 condos, 80 single family homes, 36 vacant lots and 4 mobile homes sold throughout Collier County.

Naples Luxury Home Sales Report

Twenty-Four Naples luxury homes sold during the week. Luxury home prices ranged from $1,060,000 to $8,100,000.

• $1,000,000 – $1,999,999 price range – 18 homes sold
• $2,000,000 – $2,999,999 price range – 3 homes sold
• $3,000,000 – $4,999,999 price range – 2 homes sold
• $5,999,000 – $9,999,999 price range – 1 home sold
• 10,000,000 plus – 0 homes sold

Naples March Home Sales – Organized by zip code:

City of Naples

• 34102 – 10 properties sold (1 vacant lot, 3 single family homes and 6 condos)
• 34103 – 4 properties sold (1 single family home and 3 condos)
• 34105 – 15 properties sold (8 single family homes and 7 condos)

North Naples

• 34109 – 10 properties sold (4 single family homes and 6 condos)
• 34110 – 14 properties sold (3 single family homes and 11 condos)
• 34119 – 25 properties sold  (5 vacant lots, 14 single family homes and 10 condos)

East Naples

• 34104 – 9 properties sold (1 mobile home, 4 single family homes and 4 condos)
• 34112 – 20 properties sold (1 mobile home, 1 vacant lot, 3 single family homes and 15 condos)
• 34113 – 20 properties sold (7 vacant lots, 4 single family homes and 9 condos)

Ave Maria and Immokalee

• 34142 – 5 properties sold (2 vacant lots and 3 single family homes)

Barefoot Beach

• 34134 – 2 properties sold (2 single family homes)

Big Cypress

• 34117 – 2 properties sold (1 vacant lot and 1 single family home)

Coco River

• 34108 – 12 properties sold (2 single family homes and 10 condos)

Corkscrew

• 34120 –  23 properties sold (8 vacant lots, 12 single family homes and 3 condos)

Eastern Collier County

• 34114 – 14 properties sold (2 mobile homes, 6 vacant lots, 2 single family homes and 4 condos)
• 34116 – 4 properties sold (3 single family homes and 1 condo)

Everglades

• 34139 – 2 properties sold (1 vacant lot and 1 single family home)

Goodland

• 34140 – 1 property sold (1 vacant lot)

Marco Island

• 34145 – 27 properties sold (3 vacant lots, 14 single family homes and 10 condos)

7 Strategies for Safe Open Houses

Buyer demand is high right now and homeowners are concerned about how to host safe open houses. Thanks to updated industry guidelines and best practices, you can confidently sell your house and keep your family safe.

Top Reasons to Own a Home in 2020

What are the top reasons to own a home in Naples Florida? There are many financial and non-financial benefits to owning a home. Recent surveys confirm people are seeking more space, privacy, security and stability. If you are looking to relocate or buy a second home in a less populated area with great weather, a tax friendly environment and in a safe community, look no further than Naples, Florida.

Top Reasons to Own a Home This Year

1. Privacy – Creating a space that is solely your own
2. Family – Prioritizing the needs of your children and loved ones
3. Community – Contributing to a broader community
4. Stability – Controlling your future direction and security
5. Investment – Growing your assets and family wealth

 

Top Reasons To Buy a Home in Naples Florida

1. Tax-Friendly – Low property taxes, no state income taxes or inheritance taxes
2. Safety – Ranked as one of the communities with the lowest  low crime rates in Florida
3. Luxury Lifestyle – Fine Dining, Entertainment, World Class Shopping, Beaches and Spectacular Sunsets
4. Excellent Healthcare – Four hospitals which are consistently ranked among the top hospitals in the U.S.
5. Healthy Living – Outdoor activities include 150 golf courses, Tennis, Pickleball, Bocce Ball, Running and Biking

So, if you are ready to make a change, let’s connect to put your homeownership plans in motion this year.

June 19th, 2020, Posted by NaplesGolfGuy

Want to Make a Move? Homeowners Equity is Growing Year-Over-Year

One of the bright spots of the 2020 real estate market is the growth in homeowners equity across the country. According to the recently released Homeowner Equity Insights Report from CoreLogic, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain.

Thinking of Buying or Selling a Home?

Are you thinking about buying or selling a home in Southwest Florida this year? The real estate process has changed a lot over the last few months. Let’s connect to set you up for success this summer with new Buyer and Seller e-guides.

 

Naples Florida Real Estate Trends:

Naples Golf Guy Monthly Market Report
Luxury Golf Community Real Estate Trends

Spanish Wells Condo Pending Sale

Congratulations to our client who just went to contract on this fabulous Spanish Wells Condo! Working with teammate, Mike Pepple, they found a fantastic vacation condo in a Bonita Springs bundled golf community. Spanish Wells Country Club, is a semi-private country club with multiple membership options.

Spanish Wells Condo – 9855 Costa Mesna Ln. Unit 403, Bonita Springs, FL 34135

 

More About This Spanish Wells Property

This first-floor condo has spectacular views of the golf course and picturesque lake. The new owner will have fantastic Sunset views from this western facing unit. The neighborhood has low Association fees which include everything except the electricity.

• Two Bedrooms
• Two Bathrooms
• 1,146 Square Feet Under Air
• Built in 1992

More About This Southwest Florida Golf Community

Spanish Wells Country Club is a semi-private golf community located in Bonita Springs.  The community is situated on 600 acres and includes a 27 hole golf course. Additional amenities include a 32,000 square-foot clubhouse, resort-style swimming pool, five Har-Tru tennis courts, a fitness center, bocce courts, and more. Residents also receive membership to the Tarpon Cove Yacht and Racquet Club with beach access to Delnor-Wiggins Pass State Park via a private ferry.

This gated community is conveniently located in Bonita Springs only minutes from shopping, dining, and the pristine white sandy beaches of the gulf coast.

Is the Economic Recovery Underway Already?

Is the economic recovery underway in the United States? The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: