April Real Estate Trends For Naples Florida

The April Real Estate Trends Report shows both inventory and Naples Home Sales dropped 29 percent compared to the same time last year. Clearly the significant decrease is due to the countrywide lock down. However, the good news is home values are being maintained. In fact, April’s overall percent of list price increased .5 percent compared to this same time last year. Additionally, the median closed price increased .3 percent in April from $339,000 in April of 2019 up to $340,000 this year.

April 2020 Real Estate Activity

April 2020 Versus April 2019 Real Estate Activity Highlights

• Single family home sales decreased by 20 percent with 409 Naples real estate transactions
• Condo sales decreased to 429 sales which was a 35 percent increase compared to last April
• Overall pending sales decreased to 613 representing a 54 percent decrease
• Overall inventory fell 29 percent down to 5,394 properties for sale compared to this same time last year
• Days on market decreased slightly to 87 days which is a 11 percent decrease versus April 2019

Naples Closed Sales

Due to the unique situation we are in at the moment, looking at April real estate trends for overall closed sales by price range for a rolling 12 months shows home sales increased in all price categories. Most notably, Naples Luxury homes between $1 million and $2 million lead the way with a double digit increase. Luxury home sales in the above category were up 16.5 percent over the same time period last year.

Additionally, we saw a slight increase in ultra luxury homes sold above $2 million dollars which had just under a 1 percent increase.

Also, the number of homes sold between the $301,000 to $500,000 and the $500,001 to 1,000,000 price categories showed double digit increases.

In looking at the property type, the largest increase in closed sales activity were single family homes between $301,000 and $500,000 which were up from 17,39 homes to 2,097 which represents a 20.6 percent increase. A close second was luxury single family home sales from $1,000,001 to $2,000,000 price category which saw a 19.7 percent increase versus last year.

We’re starting to see a shift in buyers looking for single family homes with more space and privacy. Single family home sales increased 12.1 percent compared to condos which only increased 5.3 percent. Homes with at least three bedrooms saw double digit increases in closed sales.

Days on Market for Naples Home Sales

A bright spot for the month was the decrease in the number of days a property was on the market before it sold. The median days on market fell 9.3 percent for single family homes and 12.2 percent for condos in Naples.

Naples Inventory of Homes for Sale

So the biggest impact to the market for April was the decrease in pending inventory. As people were encouraged to stay home in March and April, the number of showings decreased from 22,862 in April of 2019 down to 9,420 this year. Although, these numbers to not take into account virtual showings which have seen a significant increase over the past couple of months.

Overall, inventory fell from 7,605 properties for sale down to 5,394 properties for sale which was a 29.1 percent decrease compared to April of last year. As evident in the chart to the left, all price ranges saw major impacts.

The decrease in inventory is due to homeowners either waiting to list their property until the fall or existing home sellers removed their property from the market. If you are seller who took your home off the market in April, consider relisting in May. Traffic has increased considerably over the past couple of weeks. There are many buyers looking for homes in less populated areas and with more space.

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.

For those planning to sell 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 Naples April Real Estate Trends

NABOR’s Naples Area Market Report

Luxury Golf Community Trends

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

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?

May 23rd, 2020, Posted by NaplesGolfGuy

SWFL May Real Estate Transactions For The Week of May 2nd

May real estate transactions for the week of the 2nd showed there were 195 properties sold in Southwest Florida, which was a significant increase from 160 property sales during the prior week in the Southern Ft. Myers, Estero and Bonita Springs area.

Southern Fort Myers remained in the top spot with 73 property sales which was up from 68 during the prior week. Transactions were as follows: 34 percent vacant lots, 21 percent were condos and 44 percent were single family homes. The remaining Ft. Myers property sold was mobile home.

Estero moved into the second position with 67 home sales versus 47 real estate transactions during the week of April 25th. Real Estate sales were split between multiple property types. Of the 67 home sales, 4 percent were mobile homes, 42 percent were vacant lots, 22 percent were condos and 30 percent were single family homes.

Bonita Springs moved into the third position with 55 real estate transactions up from 53 transactions the week before. Of the 55 real estate sales, 16 percent vacant lots, 45 percent were condos and 29 percent were single family homes. The remaining properties sold in Bonita were mobile homes,  commercial unit and multi-family unit.

In review, based on the real estate transactions report for the week of the 2nd, property sales were broken down by the following types in Southwest Florida: 55 condos, 68 single family homes, 62 vacant lots, 8 mobile homes, 1 commercial unit and 1 multi-family unit.

May Real Estate Transactions Report – Organized by zip code

Bonita Springs

• 34134 – 26 properties sold (1 vacant lot, 2 mobile homes, 7 single family homes and 16 condos)
• 34135 – 29 properties sold (1 mobile home, 1 multi-family unit, 1 commercial unit, 8 vacant lots, 9 single family homes and 9 condos)

Southern Fort Myers

• 33912 – 16 properties sold (1 vacant lot, 8 single family homes and 7 condos)
• 33913 – 48 properties sold (1 mobile home, 21 vacant lots, 18 single family homes and 8 condos)
• 33967 – 9 properties sold (3 vacant lots and 6 single family homes)

Estero

• 33928 – 58 properties sold (4 mobile homes, 28 vacant lots, 16 single family homes and 10 condos)
• 33967 – 1 property sold (1 single family home)
• 34134 – 4 properties sold (1 single family home and 3 condos)
• 34135 – 4 properties sold (2 single family homes and 2 condos)

Southwest Florida Real Estate Sales and Trends:

Lee County Real Estate Transactions Week of May 2nd 2020

Naples Golf Guy Monthly Market Report

Luxury Golf Community Real Estate Trends

Naples March Home Sales End The Month Strong

Naples March Home Sales for the week of the 23rd end the month strong despite the environment. In all, there were 420 Naples Homes Sold up from 387 real estate transactions during the previous week.

North Naples moved into the top position with 88 properties sold compared to 72 properties during the prior week. Of the 88 sales, 11 percent were vacant lots, 47 percent were single family homes and 42 percent were condos.

East Naples moved into the second position with 83 real estate transactions versus 82 property sales during the previous week.  East Naples home sales consisted of 8 percent vacant lots, 16 percent single family homes and 75 percent were condos.

And finally, the City of Naples finished the week with 64 homes sold up significantly from 46 during the previous week. Real estate sales were made up of 38 percent single family homes and 61 percent condos. The remaining Naples property sold was a vacant lot.

In summary, the latest Naples real estate transactions for the week of March 23rd show properties sold were broken down as follows: 206 condos, 161 single family homes and 53 vacant lots sold throughout Collier County.

March Naples Luxury Home Sale Trends

Fifty luxury homes sold during the week. Luxury home prices ranged from $1,000,000 to $6,750,000.

• $1,000,000 – $1,999,999 price range – 33 homes sold
• $2,000,000 – $2,999,999 price range – 4 homes sold
• $3,000,000 – $4,999,999 price range – 10 homes sold
• $5,999,000 – $9,999,999 price range – 3 homes sold
• 10,000,000 plus – 0 homes sold

Naples March Home Sales – Organized by zip code:

City of Naples

• 34102 – 29 properties sold (1 vacant lot, 12 single family homes and 16 condos)
• 34103 – 18 properties sold (5 single family homes and 13 condos)
• 34105 – 17 properties sold (7 single family homes and 10 condos)

North Naples

• 34109 – 24 properties sold (2 vacant lots, 9 single family homes and 13 condos)
• 34110 – 22 properties sold (1 vacant lot, 13 single family homes and 8 condos)
• 34119 – 42 properties sold  (7 vacant lots, 19 single family homes and 16 condos)

East Naples

• 34104 – 25 properties sold (4 vacant lots, 2 single family homes and 19 condos)
• 34112 – 31 properties sold (1 vacant lot, 4 single family homes and 26 condos)
• 34113 – 27 properties sold (3 vacant lots, 7 single family homes and 17 condos)

Ave Maria and Immokalee

• 34142 – 8 properties sold (2 vacant lots, 5 single family homes and 1 condo)

Barefoot Beach

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

Big Cypress

• 34117 – 4 properties sold (2 vacant lots and 2 single family homes)

Chokoloskee

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

Coco River

• 34108 – 30 properties sold (8 single family homes and 22 condos)

Corkscrew

• 34120 –  47 properties sold (15 vacant lots, 25 single family homes and 7 condos)

Eastern Collier County

• 34114 – 36 properties sold (10 vacant lots, 14 single family homes and 12 condos)
• 34116 – 12 properties sold (11 single family homes and 1 condo)

Everglades

• 34139 – 3 properties sold (2 vacant lots and 1 mobile home)

Marco Island

• 34145 – 42 properties sold (3 vacant lots, 15 single family homes and 24 condos)

Interest Rates Near Historic Lows

Interest rates near historic lows with the current day rate at 3.24 percent. If you are planning to use a loan to purchase a home, lower rates means you have more purchasing power. Now more than ever, people are looking for homes with more space and privacy. Let’s connect to talk about how you can take advantage of these low rates.

Summer Is the New Spring Market

Summer is gearing up to be the new spring for homebuying and selling! Inventory remains low and buyer demand is high in Naples Florida. It is a seller’s market so if you are considering selling now is a great time. Let’s connect to talk about how we can help you sell your home virtually and safely.

Homebuying and Selling This Summer

• Zillow recently reported a 5.9 percent week-over-week rise in homes being listed for sale
• National Association of Realtors notes buyer demand is strong or stable in ALL 50 U.S. States
• Median price of homes rose 7.4 percent during April according to the National Association of Realtors

Experts Predict Economic Recovery Should Begin in the Second Half of the Year

Experts predict economic recovery by year end. One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the second half of this year. Here’s a look at what some of the experts have to say.

6 Reasons Why You Should Use Real Estate Professionals

There are many benefits to working with a real estate professionals when selling your house versus selling your home on your own. During challenging times like the one we face today, it becomes even more important to have real estate professionals help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner or FSBO, please consider the following:

Real Estate Trends in Naples Luxury Golf Communities

Looking for the latest real estate trends in Naples Luxury Golf Communities? 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.

Luxury Golf Home Real Estate Trends in Southwest Florida

Naples Luxury Golf Communities (Single Family Homes)

Audubon Country Club – 23 properties for sale, 21 properties closed over the past 12 months and average sales price $1,149,976

Collier’s Reserve – 13 properties for sale, 15 properties closed over the past 12 months and average sales price $1,461,327

Grey Oaks – 36 properties for sale, 45 properties closed over the past 12 months and average sales price $2,586,403

Kensington – 6 properties for sale, 12 properties closed over the past 12 months and average sales price $869,750

Lely Resort – 85 properties for sale, 119 properties closed over the past 12 months and average sales price $664,025

Mediterra – 46 properties for sale, 41 properties closed over the past 12 months and average sales price $2,263,703

Olde Cypress – 23 properties for sale, 34 properties closed over the past 12 months and average sales price $760,718

Pelican Bay – 39 properties for sale, 47 properties closed over the past 12 months and average sales price $2,213,883

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 – 27 properties for sale, 54 properties closed over the past 12 months and average sales price $1,018,005

Quail Creek – 10 properties for sale, 27 properties closed over the past 12 months and average sales price $1,077,181

Quail West – 46 properties for sale, 50 properties closed over the past 12 months and average sales price $1,947,578

Talis Park – 14 properties for sale, 13 properties closed over the past 12 months and average sales price $1,995,577

Tiburon – 8 properties for sale, 16 properties closed over the past 12 months and average sales price $1,563,688

Vineyards – 34 properties for sale, 64 properties closed over the past 12 months and average sales price $708,580

Bonita Springs Luxury Golf Communities (Single Family Homes)

Bonita Bay – 25 properties for sale, 61 properties closed over the past 12 months and average sales price $1,194,987

Palmira – 14 properties for sale, 49 properties closed over the past 12 months and average sales price $591,990

Pelican Landing – 30 properties for sale, 56 properties closed over the past 12 months and average sales price $765,105

Pelican Landing (The Colony) – 11 properties for sale, 8 properties closed over the past 12 months and average sales price $1,583,000

Estero Luxury Golf Communities (Single Family Homes)

Miromar Lakes – 44 properties for sale, 28 properties closed over the past 12 months and average sales price $1,225,605

Pelican Sound –  0 properties for sale, 7 properties closed over the past 12 months and average sales price $691,429

Shadow Wood – 41 properties for sale, 52 properties closed over the past 12 months and average sales price $802,057

West Bay Club – 20 properties for sale, 16 properties closed over the past 12 months and average sales price $1,151,415

Fort Myers Luxury Golf Communities (Single Family Homes)

Forest – 10 properties for sale, 22 properties closed over the past 12 months and average sales price $405,495

Gulf Harbour Yacht and Country Club – 21 properties for sale, 33 properties closed over the past 12 months and average sales price $715,177

Luxury Golf Condo Real Estate Trends in Southwest Florida

Naples Luxury Golf Communities (Condos)

Grey Oaks – 1 property for sale, 12 properties closed over the past 12 months and average sales price $834,250

Hammock Bay – 26 properties for sale, 65 properties closed over the past 12 months and average sales price $476,167

Kensington – 13 properties for sale, 11 properties closed over the past 12 months and average sales price $465,045

Lely Resort – 82 properties for sale, 192 properties closed over the past 12 months and average sales price $316,338

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

Pelican Bay – 139 properties for sale, 261 properties closed over the past 12 months and average sales price $1,198,693

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

Shadow Wood – 14 properties for sale, 31 properties closed over the past 12 months and average sales price $374,631

Talis Park – 24 properties for sale, 24 properties closed over the past 12 months and average sales price $880,387

Tiburon – 18 properties for sale, 38 properties closed over the past 12 months and average sales price $790,122

Vineyards – 53 properties for sale, 132 properties closed the over past 12 months and average sales price $342,055

Bonita Springs Luxury Golf Communities (Condos)

Bonita Bay – 79 properties for sale, 122 properties closed over the past 12 months and average sales price $752,276

Palmira – 13 properties for sale, 23 properties closed over the past 12 months and average sales price $325,603

Pelican Landing – 35 properties for sale, 83 properties closed over the past 12 months and average sales price $343,197

Pelican Landing (The Colony) – 31 properties for sale, 65 properties closed over the past 12 months and average sales price $874,932

Estero Luxury Golf Communities (Condos)

Miromar Lakes – 33 properties for sale, 43 properties closed over the past 12 months and average sales price $578,512

Pelican Sound – 1 property for sale, 67 properties closed over the past 12 months and average sales price $299,100

West Bay Club – 10 properties for sale, 26 properties closed over the past 12 months and average sales price $478,173

Fort Myers Luxury Golf Communities (Condos)

Gulf Harbour Yacht and Country Club – 43 properties for sale, 93 properties closed over the past 12 months and average sales price $441,801

Summary

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 continues to have several 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 1 condo for sale and only one month 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 13 month supply of Naples homes for sale making it a buyer’s market.

Also, several Luxury Golf Communities continue to have more than 10 months’ supply of single-family home inventory including, but not limited to, Audubon Country Club, Collier’s Reserve, Pelican Landing, Mediterra, Miromar Lakes, Olde Cypress, Quail West 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.

More Southwest Florida Real Estate Trends:

Naples Golf Guy Monthly Market Report

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

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