Another Sarasota National House Sold!

A spectacular Sarasota National house sold today!  Congratulations to our buyers who worked with the Naples Golf Guy Team to find this single-family home in an excellent gated golf community.

23535 Waverly Cir. Venice, FL 34293 – Sales Price $617,000

More About this Sarasota National House Sold:

This spacious home is located in an active golf community with resort style amenities. Most importantly the home comes with a golf membership for two.

As you pass through the designer glass front door into the spacious foyer, you will appreciate the architectural design and open layout including numerous tray ceilings throughout, crown molding, plantation shutters, designer light fixtures, 8 ft doorways, 5 1/4 baseboards, and a neutral color palette.

The kitchen opens up into the main living area and boats upgraded stainless-steel appliances, built in wall oven and microwave, smooth cooktop, 42-inch cabinets with pull out shelves, under cabinet lighting, tile backsplash, granite countertops, and a large island perfect for preparing delicious meals and entertaining friends and family.

You will appreciate the lake and golf course views from inside the home as well as the screened in lanai. It is the perfect space for enjoying the nature and wildlife that only Florida can offer.

• 2 Bedrooms + Den
• 2.5 Bathrooms
• 1,858 Square feet under air
• Built in 2019

Considering buying or selling in Sarasota National? Contact us today – 239-370-0892.

Learn More About Sarasota National:

Sarasota National Golf Club is a private golf club located in Venice, Florida. This bundled golf community includes an 18-hole championship golf course which is surrounded by beautiful wetlands and preserves. The golf course caters to players at all skill levels.

In addition to world-class golf facilities, residents will enjoy access to the new Palm Club featuring a resort style pool with lap lanes, spa, poolside tiki bar, tennis courts, bocce ball, pickleball and more.

Also, members will enjoy a wide variety of social activities, a full service restaurant and bar both inside and out with both casual and fine dining options.

Learn more about Sarasota National…

Home Selling Tips

Make Your Home Listing Stand Out

Why Hire a Real Estate Agent to Sell Your Home

Home Selling Tips…

Are you considering selling your home? Call us today to learn your home’s value in today’s market – 239-370-0892.

Talis Park Price Reduced $50,000

TALIS PARK PRICE REDUCED on this move-in ready coach home in a world-class golf community! Talis Park is a gated golf community in Naples, Florida and there are only 14 people on the waitlist for a FULL GOLF MEMBERSHIP!

Open House Sunday, Dec. 3rd from 1-4 PM

Join us this Sunday, December 3rd from 1-4 PM to view this must-see 1st-floor “Messina” Model.

16312 Corsica Way S. Unit 101 Naples, FL 34110 – NEW PRICE $1,799,995

More About This Coach Home:

Move right into this spacious 2023 coach home that was just completed and features high ceilings and is LOADED WITH $175,000 in UPGRADES including engineered hardwood floors and tile throughout as well as custom lighting. An ADDITIONAL DEN offers plenty of space for an office or home gym.

A CHEF’s DREAM KITCHEN with a Gas stove, oversized kitchen island, extended upper kitchen cabinets, built-in fridge, wine cooler, and walk-in pantry is at the heart of this open floor plan concept. The lanai includes an OUTDOOR KITCHEN and GAS GRILL! The attached 2-car garage has upgraded epoxy flooring and an extra storage area.

• 3 Bedrooms plus a den
• 3 Bathrooms
• 2,532 Square feet under air
• Built in 2023

Best of all, you can lock it and leave the unit and all the exterior maintenance is included. Call us today for a private tour at 239.370.0892.

More about Talis Park:

Talis Park’s AWARD WINNING golf course was designed by Greg Norman and Pete Dye. In addition to golf, those with a golf membership will enjoy world-class practice facilities including a full grass driving range, chipping and putting area.

All residents have access to multiple dining options, clubhouse, Har-Tru tennis courts, Pickleball courts, bocce ball, fitness center, full-service spa, basketball court, dog park, walking trails, and private beach shuttle to Vanderbilt Beach.

The course is in the midst of a multi-million dollar renovation and is scheduled to re-open this fall. Learn more about Talis Park…

Are you considering selling your home in Talis Park? Let’s connect to discuss how the market has changed and what your home is worth in today’s market – 239.370.0892.

Vista Wildblue Open House Sunday 1-3 PM

Stop by our Vista Wildblue Open House this Sunday to see the spacious single-family home new to the market! Listed by the Naples Golf Guy Team, the home has 4 bedrooms, 3 bathrooms, and a large outdoor living space.

13527 Blue Bay Cir. Ft. Myers, FL 33913 – List Price $949,999

More About This Vista Wildblue Home for Sale:

Welcome home to the Florida DREAM! This MOVE IN READY 2023 Maria model sits on a PROTECTED PRESERVE lot with 4 bedrooms and 3 full bathrooms. With an abundance of natural light and an open floor plan concept it is bright, light and inviting.

Upgrades include WHOLE HOUSE GENERATOR, whole house filtration system, plantation shutters, custom chandeliers, light fixtures, fans, mirrors, frameless glass shower door and much more! The chef’s kitchen has all STAINLESS STEEL APPLIANCES, NATURAL GAS cooktop, wall oven, soft close cabinets, large QUARTZ island all of which are perfect for entertaining friends and family.

Enjoy relaxing on the patio with a picture frame screen to enjoy an unobstructed PRESERVE view. The lanai has an OUTDOOR KITCHEN with custom stone work, a PRIVATE POOL & SPA (GAS HEATED), large COVERED AREA & lounging space to enjoy the sun.

New owners will appreciate the 6’ PRIVACY HEDGES installed that line the pool cage. The 2 car garage with AC, insulated garage doors and extra insulation in the roof along with epoxy flooring and extra overhead storage racks.

• 4 Bedrooms
• 3 Bathrooms
• 2,247 Square feet under air
• Built in 2023

Vista Wildblue is an AMENITY RICH, MAINTENANCE FREE, GATED community that offers boating waters, spa, gym, lap pool, tennis, pickleball, basketball, tot lot & more! The clubhouse (scheduled to open fall of 2023) will have two restaurants, community rooms, resort style pool and much more!

Call us today for a private tour 941.993.3272.

Should You Sell Your Home?

With almost 20 years of experience helping sellers with their golf community real estate needs, we would like to share our strategy for how we are helping maximize the number of offers homeowners are receiving and ultimately higher sales prices.

As an experienced real estate team, we have made a career out of helping people sell homes in premier golf communities. As you may well know, opportunities such as today’s market for sellers only comes every so often.

Home Selling Tips

Make Your Home Listing Stand Out

Why Hire a Real Estate Agent to Sell Your Home

Home Selling Tips…

Open House Talis Park Sunday from 1-4 PM

Open House Talis Park, Sunday, December 3rd from 1-4 PM. A spacious coach home in a top-tier golf community with only 14 people on a waitlist for a FULL GOLF MEMBERSHIP! This 1st-floor “Messina” Model that lives like a single-family home.

16312 Corsica Way S. Unit 101 Naples, FL 34110 – Improved Price $1,850,000

More About This Coach Home:

Move right into this spacious 2023 coach home that was just completed and features high ceilings and is LOADED WITH $175,000 in UPGRADES including engineered hardwood floors and tile throughout as well as custom lighting. An ADDITIONAL DEN offers plenty of space for an office or home gym.

A CHEF’s DREAM KITCHEN with a Gas stove, oversized kitchen island, extended upper kitchen cabinets, built-in fridge, wine cooler, and walk-in pantry is at the heart of this open floor plan concept. The lanai includes an OUTDOOR KITCHEN and GAS GRILL! The attached 2-car garage has upgraded epoxy flooring and an extra storage area.

• 3 Bedrooms plus a den
• 3 Bathrooms
• 2,532 Square feet under air
• Built in 2023

Best of all, you can lock it and leave the unit and all the exterior maintenance is included. Call us today for a private tour at 239.370.0892.

More about Talis Park:

Talis Park’s AWARD WINNING golf course was designed by Greg Norman and Pete Dye. In addition to golf, those with a golf membership will enjoy world-class practice facilities including a full grass driving range, chipping and putting area.

All residents have access to multiple dining options, clubhouse, Har-Tru tennis courts, Pickleball courts, bocce ball, fitness center, full-service spa, basketball court, dog park, walking trails, and private beach shuttle to Vanderbilt Beach.

The course is in the midst of a multi-million dollar renovation and is scheduled to re-open this fall. Learn more about Talis Park…

Are you considering selling your home in Talis Park? Let’s connect to discuss how the market has changed and what your home is worth in today’s market – 239.370.0892.

Naples Park Home Price Improved

LOCATION, LOCATION, LOCATION! This Naples Park Home Price Improved by $50,000!!! NO HOA FEES and one of THE BEST VALUED properties in Naples Park. The home is in a prime location west of U.S. 41 just 1 mile to Vanderbilt Beach and half a mile to Mercato’s upscale restaurants and shopping.

755 92nd Ave N. Naples FL – List Price $1,249,900

Learn More About this Naples Home For Sale:

The home is light and bright and includes IMPACT GLASS windows and doors with Plantation Shutters. The trey ceilings make the living space feel larger and aesthetically pleasing.

The generous sized bedrooms include custom closets. The lucky new owners will enjoy the outdoor lanai with pool and spa in a private setting with the entire backyard fenced-in with lush landscaping.

• 3 Bedrooms plus Den
• 3 Bathrooms
• 1,837 Square feet under air
• Built in 2014

View 3D Tour

This Naples Park home is perfect for a full-time or seasonal residence. Or with no Home Owners Association (HOA) Fees, this property is an excellent investment opportunity with flexibility for annual or short-term rentals.

For a private tour, contact us at 239-777-8870.

More About Naples Park

Naples Park is a non-gated community in North Naples, just west of Tamiami Trail N. (U.S. 41), north of Vanderbilt Beach Road and South of Immokalee Road. The neighborhood is made up of single family homes, some of which are located along canals.

Located within walking distance to the beach, shopping, dining, grocery, fitness center, and much more!

Home Selling Tips

Make Your Home Listing Stand Out

Why Hire a Real Estate Agent to Sell Your Home

Home Selling Tips…

Are you considering selling your home? Call us today to learn your home’s value in today’s market – 239-370-0892.

Another TwinEagles Hollybrook Home Sold!

Spectacular TwinEagles Hollybrook home sold to our buyers! This single-family home is in a Naples golf community with two golf courses and a wide array of amenities for residents to enjoy.

11982 Heather Woods Ct., Naples FL 34120 – Sold Price $920,000

More About This TwinEagles Hollybrook Home

A FULL GOLF MEMBERSHIP is included with the purchase of this spacious single family home with a fabulous view of the golf course in Twin Eagles. In addition to the view, the screened-in lanai has a pool, spa and plenty of covered space to relax and enjoy the scenery in your very own outdoor oasis.

• Three Bedrooms Plus a Den
• Two and a Half Bathrooms
• 2,562 Square Feet Under Air
• Built in 2008

Are you considering buying or selling a TwinEagles home? Contact us today to discuss your options – 239.370.0892.

More About Twin Eagles:

Twin Eagles is a luxury golf community in Naples which sits on 1,115 acres of land. A significant portion of which is designated for natural habitat. There are 2 Championship Golf Courses offering very different and unique golfing experiences. The Talon, by Jack Nicklaus has the traditional wide open fairways. And The Eagle Course, designed by Steve Smyers, was named “Best New US Private Course of The Year” by Golf Magazine. A beautiful 47,000 square foot clubhouse overlooks the 18th hole of the Talon course.

In addition to the golf courses, residents have access to a new community swimming pool and fitness center.  Additionally, homeowners have access to Har-Tru tennis courts, Pickleball, Bocce, Resort Style Swimming Pool, State-of-the-Art Fitness Center, 2 community parks and an active social calendar.

This gated golf community has 717 lots available with a cap of 614 homesites. Custom single family homes and condos surround the golf course and nature preserves. Learn more…

Results You Can Count On

November 30th, 2023 Posted by Matt

October 2023 Naples Florida Real Estate Review

The latest Naples Florida real estate review showed 594 properties sold for just over $609 Million during October. The highest-priced sale was a single-family home in Pine Ridge for $12,150,000. Additionally, 164 of the real estate transactions for the month were at or above $1 Million. Year-to-date, Collier County has had $8.9 Billion worth of home sales.

Additionally, the average closed price of all properties year-to-date in Naples is now over $1 million. And, of the top 10 highest-priced home sales, 40 percent were in luxury golf communities, including Pelican Bay, Grey Oaks, Mediterra, and Quail West.

Overall, inventory ended the month with 3,367 properties for sale, representing a 30 percent increase over the same time last year. It was also a 20 percent increase over the previous month.

Similar to the prior month, there was another notable increase in new listings in Naples.  A total of 1,231 new properties came to market during the month giving Buyers more options.

As has been the common theme for the year, although we kept adding new listings to our inventory, it’s just not at the pace we need to keep up with demand. However, there are some neighborhoods where there’s a healthy supply of properties for sale. For example, in the Naples Beach area (34102, 34103, and 34108) the month ended with a ten-month supply of homes for sale.

On the flip side, there is little to no inventory of homes for sale in many golf communities. For example, there is only one single-family home for sale in Wyndemere Country Club. If you are considering buying or selling in the area, be sure to work with an expert.

In neighborhoods where inventory remains low, prices will continue to rise. Not sure which neighborhood is right for you? Let us be your guide.

Naples Florida Real Estate Review – October 2023

October 2023 versus October 2022 Highlights

• Closed sales decreased 13 percent compared to October of last year.
• Overall pending sales decreased 1 percent versus the same time in 2022.
• Inventory increased 30 percent up from 2,597 homes to 3,367 homes for sale.
• Average days on market increased 37 percent up to 56 days compared to October of 2022.

In all, there were 318 single-family homes and 276 condos sold for a total of 594 sales during the month. Total property sales were 13 percent lower than the same time last year.

The median single family price came in at $580,000 for October, up from $555,000 during the same time last year. And, the median condo sales price remained similar to last year, ending the month at $439,500, up from $439,000 in October of 2002.

Further, even though the number of days it took for a property to go to contract increased quite a bit over last year (37% increase), it decreased by three days compared to the prior month. The typical number of days on the market during a healthy market is 120 days, well above the October levels.

Finally, the latest stats showed there was more room for negotiation from the list price during October. The percent of list price received was 96 percent which is far better than 2 years ago when it was 98.7 percent of list price if you are a Buyer.

Bottom line, it remains a Seller’s market for BOTH condos and single-family homes. You still have time to cash in on the high buyer demand. What is my home worth…

Whether you are buying or selling, let us help you navigate this complex market. The Naples Golf Guy team members are all REALTOR® professionals who have the expertise to provide you with timely and accurate market data. Call, email or text us today for all of your real estate needs – 239.370.0892.

Naples Florida Housing Market – Luxury Golf Home Sales in October

• $8,200,000 – 8665 Bay Colony Dr. Unit 1403 in Pelican Bay with 3,390 sq. ft. (100% of list price)
• $6,450,000 – 13830 WillistonWay in Quail West with 5,391 sq. ft. (96% of list price)
• $6,350,000 – 15004 Pratolino Way in Mediterra with 6,191 sq. ft. (93% of list price)
• $5,500,000 – 2209 Miramonte Ct. in Grey Oaks  with 3,762 sq. ft. (100% of list price)
• $3,795,000 – 7425 Pelican Bay Blvd. Penthouse 2201 in Pelican Bay with 3,340 sq. ft. (94% of list price)
• $3,595,000 – 17240 Germano Ct. in Mediterra  with 4,250 sq. ft. (100% of list price)
• $3,595,000 – 1561 Marsh Wren Ln. in Grey Oaks with 3,460 sq. ft. (92% of list price)
• $3,300,000 – 7117 Pelican Bay Blvd. Unit 806 in Pelican Bay with 2,250 sq. ft. (100% of list price)
• $3,035,000 – 3181 Cullowee Ln. in Fiddler’s Creek with 3,576 sq. ft. (96% of list price)
• $3,000,000 – 2667 Caladium Way in Grey Oaks with 2,666 sq. ft. (100% of list price)

New Listings in Golf Communities

If you just want to keep an eye on the market, we can set up a custom property search that is fully automated or sign up for automatic property alerts.  Please feel free to call us any time to set up the alerts for you based on your criteria.

Southwest Florida’s Recent Golf Property Trends

Your go-to resource for SWFL’s recent golf property trends for Naples, Bonita Springs, Estero, Fort Myers, Bradenton, Lakewood Ranch, and Sarasota.

Inventory increased slightly in several of the luxury golf communities throughout the area. There are still a few with little or no homes for sale.

Despite many clubs having multi-year waitlists, there are options for immediate golf privileges in many communities. It is important to have an experienced golf community expert help you navigate your options to ensure you find the lifestyle, community, and golf course of your dreams.

With more than 150 golf communities in the area, it is a challenge to navigate all the various options for golf membership. That’s where we come in. Our vast relationships with all the golf communities from Naples to Sarasota allow us to serve our clients by making the home-buying or selling process an easy and enjoyable one.

While it may seem overwhelming at first, once we know how often you play, other desired club amenities, property type, and price range we can help you narrow the list of clubs down to a handful that will potentially offer you the Florida golf lifestyle you are looking for.

Below you will find highlights for the latest real estate statistics for single-family golf homes and golf condos in our area for the past 12 months.

SWFL Recent Golf Property Trends – Single Family Homes

NAPLES FL Recent Golf Property Trends – Single Family Homes

Audubon Country Club – 11 properties for sale, 23 properties closed over the past 12 months and average sales price $2,557,914

Collier’s Reserve – 4 properties for sale, 13 properties closed over the past 12 months and average sales price $2,585,385

Greyhawk at GC of the Everglades – 21 properties for sale, 31 properties closed over the past 12 months and average sales price $1,262,498

Grey Oaks – 16 properties for sale, 36 properties closed over the past 12 months and average sales price $4,406,917

Kensington – 2 properties for sale, 17 properties closed over the past 12 months and average sales price $1,655,971

Lely Resort – 25 properties for sale, 93 properties closed over the past 12 months and average sales price $1,379,967

Mediterra – 21 properties for sale, 26 properties closed over the past 12 months and average sales price $4,135,396

Olde Cypress – 5 properties for sale, 34 properties closed over the past 12 months and average sales price $1,560,482

Pelican Bay – 24 properties for sale, 21 properties closed over the past 12 months and average sales price $4,233,364

Pelican Bay (Estates at Bay Colony) – 0 properties for sale, 0 properties closed over the past 12 months

Pelican Marsh – 13 properties for sale, 31 properties closed over the past 12 months and average sales price $2,235,694

Quail Creek – 11 properties for sale, 16 properties closed over the past 12 months and average sales price $2,298,675

Quail West – 13 properties for sale, 36 properties closed over the past 12 months and average sales price $4,454,044

Talis Park – 5 properties for sale, 11 properties closed over the past 12 months and average sales price $3,621,182

Tiburon – 6 properties for sale, 8 properties closed over the past 12 months and average sales price $4,076,875

Treviso Bay – 3 properties for sale, 16 properties closed over the past 12 months and average sales price $2,019,375

Vineyards – 15 properties for sale, 65 properties closed over the past 12 months and average sales price $1,317,308

BONITA SPRINGS FL Recent Golf Property Trends – Single Family Homes

Bonita Bay – 17 properties for sale, 35 properties closed over the past 12 months and average sales price $2,517,614

Palmira – 12 properties for sale, 28 properties closed over the past 12 months and average sales price $998,714

Pelican Landing – 17 properties for sale, 38 properties closed over the past 12 months and average sales price $1,415,855

Pelican Landing (The Colony) – 2 properties for sale, 9 properties closed over the past 12 months and average sales price $2,540,556

ESTERO FL Recent Golf Property Trends – Single Family Luxury Homes

Miromar Lakes – 18 properties for sale, 34 properties closed over the past 12 months and average sales price $2,257,643

Pelican Sound –  0 properties for sale, 9 properties closed over the past 12 months and average sales price $1,052,590

Shadow Wood – 13 properties for sale, 37 properties closed over the past 12 months and average sales price $1,677,824

West Bay Club – 5 properties for sale, 23 properties closed over the past 12 months and average sales price $1,297,065

FORT MYERS FL Recent Golf Property Trends – Single Family Luxury Homes

Gulf Harbour Yacht and Country Club – 10 properties for sale, 25 properties closed over the past 12 months and average sales price $1,940,164

The Forest – 10 properties for sale, 23 properties closed over the past 12 months and average sales price $592,804

BRADENTON Florida Recent Golf Property Trends – Single Family Luxury Homes

Concession – 6 properties for sale, 13 properties closed over the past 12 months and average sales price $3,780,000

Founders Club – 5 properties for sale, 11 properties closed over the past 12 months and average sales price $2,356,113

Esplanade at Lakewood Ranch – 12 properties for sale, 56 properties closed over the past 12 months and average sales price $954,463

Esplanade at Azario – 2 properties for sale, 81 properties closed over the past 12 months and average sales price $1,104,757

SARASOTA FL Recent Golf Property Trends – Single Family Luxury Homes

TPC Prestancia – 7 properties for sale, 10 properties closed over the past 12 months and average sales price $1,552,500

Southwest Florida Latest Golf Home Trends – Condos

NAPLES FL Recent Golf Property Trends –  Condos

Audubon Country Club – 0 properties for sale, 0 properties closed over the past 12 months

Grey Oaks –  7 properties for sale, 9 properties closed over the past 12 months and average sales price $2,453,778

Hammock Bay – 17 properties for sale, 45 properties closed over the past 12 months and average sales price $758,820

Kensington – 2 properties for sale, 20 properties closed over the past 12 months and average sales price $823,225

Lely Resort – 41 properties for sale, 136 properties closed over the past 12 months and average sales price $575,128

Mediterra – 9 properties for sale, 15 properties closed over the past 12 months and average sales price $2,194,233

Pelican Bay – 135 properties for sale, 264 properties closed over the past 12 months and average sales price $2,000,040

Pelican Marsh – 11 properties for sale, 60 properties closed over the past 12 months and average sales price $804,008

Talis Park – 15 properties for sale, 32 properties closed over the past 12 months and average sales price $1,622,103

Tiburon – 3 properties for sale, 29 properties closed over the past 12 months and average sales price $1,615,138

Treviso Bay – 17 properties for sale, 57 properties closed over the past 12 months and average sales price $593,077

Vineyards – 18 properties for sale, 84 properties closed the over past 12 months and average sales price $718,932

BONITA SPRINGS FL Recent Golf Property Trends – Condos

Bonita Bay – 61 properties for sale, 141 properties closed over the past 12 months and average sales price $1,881,367

Palmira – 3 properties for sale, 18 properties closed over the past 12 months and average sales price $681,750

Pelican Landing – 11 properties for sale, 60 properties closed over the past 12 months and average sales price $595,175

Pelican Landing (The Colony) – 37 properties for sale, 52 properties closed over the past 12 months and average sales price $1,469,822

ESTERO FL Recent Golf Property Trends – Condos

Miromar Lakes – 19 properties for sale, 26 properties closed over the past 12 months and average sales price $1,142,073

Pelican Sound – 6 properties for sale, 27 properties closed over the past 12 months and average sales price $579,795

Shadow Wood – 5 properties for sale, 21 properties closed over the past 12 months and average sales price $658,781

West Bay Club – 13 properties for sale, 22 properties closed over the past 12 months and average sales price $876,273

FORT MYERS FL Recent Golf Property Trends – Condos

Gulf Harbour Yacht and Country Club – 39 properties for sale, 73 properties closed over the past 12 months and average sales price $892,297

The Forest – 22 properties for sale, 36 properties closed over the past 12 months and average sales price $278,694

BRADENTON FL Recent Golf Property Trends – Condos

Esplanade at Lakewood Ranch – 6 properties for sale, 7 properties closed over the past 12 months and average sales price $508,857

Esplanade at Azario – 1 property for sale, 23 properties closed over the past 12 months and average sales price $547,821

SARASOTA FL Recent Golf Property Trends – Condos

TPC Prestancia – 4 properties for sale, 5 properties closed over the past 12 months and average sales price $469,600

Sarasota Housing Report

The latest Sarasota housing report showed 784 properties sold for just over $525 Million during October in the county which includes North Port, Sarasota, and Bradenton areas. Year-to-date, there has been $6.5 Billion in closed sales.

The luxury market was strong, as evidenced by the 97 properties sold at $1 Million and above. The highest-priced sale was for a single-family home on Casey Key overlooking the Gulf of Mexico for $9,000,000.

Will it continue? There is no way to know for sure. However, we do know Florida’s economy remains strong. Once again, the state exceeded expectations with tax revenue collections, bringing in $215 Million more than projected during September. Additionally, the Sunshine State remains a prime destination for wealthy and ultra-high-net-worth individuals to buy homes. Jeff Bezos is the latest to make the move to South Florida. He is just one of many looking for a tax-friendly state.

So, between low supply and high demand, prices are expected to rise just not at the same pace as the past couple of years.

Sarasota Housing Report – Single-Family Homes

October 2023 versus October 2022 Single Family Home Highlights:

• Closed sales increased 3.5 percent going from 520 transactions up to 538 sales.
• Pending sales increased from 352 last October compared to 509 this October, a 44.6 percent increase.
• Inventory increased 52.7 percent up to 2,424 homes for sale compared to this same time last year when 1,587 homes were for sale.
• New listings increased from 559 up to 949 which was a 69.8 percent jump.
• Median days on market increased to 29 days which was a 45 percent increase versus October of 2022.
• Available inventory of single-family homes ended October with a 3.9 months’ supply of homes available for sale which was up from 2.2 month’s supply during October of 2022.

Single-family home inventory continued its upward trend. Similar to the previous month, inventory increased month-over-month by 12.5 percent, giving Buyers more options.

Unlike last month when the number days from a new listing to contract fell month-to-month, during October, it increased slightly up to 29 days. The low days on market combined with just a 3.9 months supply of inventory gave Seller’s the upper hand.

Also, the median sales price rose for the first time in 4 months going from $494,000 in September up to $520,000 in October. Also notable was the percentage of single-family home sales which were cash purchases. Almost 46 percent of all single-family home sales were a cash transaction which was up from 45 percent during the prior month.

Bottom line: It remains a Seller’s market for Sarasota single-family homes.

Sarasota Housing Report – Condos and Townhomes

October 2023 versus October 2022 Condo Highlights:

• Condo sales decreased 1.6 percent going from 250 real estate transactions down to 246 sales.
• Pending sales increased 29.6 percent up from 179 last October to 232 this October.
• Inventory increased 107.7 percent up to 1,371 condos for sale compared to last October when there were only 660 units for sale.
• New listings rose from 295 up to 493 or a 67.1 percent increase.
• Median days to contract was 32 days which was up from 28 days last year.
• Available inventory of condos ended October with a 4.4 months’ supply of properties available for sale which was a 144.4 percent increase.

Similar to single-family homes, condo inventory increased significantly over last year. More importantly, inventory rose month-to-month for the third straight month. There were 1,371 condos for sale at the end of October compared to 1,189 units for sale at the end of September which was a 15 percent increase.

While we moved in the right direction adding 182 additional condos for sale, we ended with just a 4.4 months’ supply of condos for sale. We’ve moved closer to a balanced market which is traditionally a 6-7 months’ supply of units for sale.

Additionally, days to contract fell from 39 days during the prior month down to 32 days in October. Notable was the percentage of cash sales which was 67 percent of all condo sales up from 58.2 percent during the prior two months. With low inventory, low days on market, and high buyer demand, the condo market remains a strong Seller’s market.

Bottom Line

It remains a Seller’s market for BOTH condos and single-family homes. You still have time to cash in on the high buyer demand. So, if you are thinking about selling your property in the Sarasota area, call, email, or text us today – at 239.370.0892 for a complimentary market analysis.

If you are Buyer, in addition to the increasing inventory, there’s also been a notable increase in new construction inventory for sale. As we approach the end of the year, there are several builders offering significant Buyer incentives. If new construction is a consideration, we’ll help you navigate your various options and represent your best interest over the builder. Should I use a Realtor if I’m buying New Construction?

Not ready yet? Since real estate is truly local, inventory will vary from neighborhood to neighborhood. Some neighborhoods have plenty of inventory and there are multiple options to choose from others will have little or no inventory.  Whether you are just beginning your search or you want to stay up to date on the latest trends in a particular neighborhood, now may be a good time to start watching for properties that meet your criteria. New listings are hitting the market every day, so if you want to stay up to date we can help you with automatic property alerts.

Which community is right for you and your family? Not sure? Contact us and we’ll help you identify the communities which will match the lifestyle you are seeking with the type of home of home you are looking for at your desired price point.

Whether you are buying or selling we have real estate specialists who cover Florida’s Gulf Coast from Sarasota to Naples, so if you are considering moving to the area, contact us for more information.

Sarasota Real Estate Market Reports

October 2023 Sarasota Housing Report – Single Family Homes

October 2023 Sarasota Housing Report – Condos

Naples Golf Guy Monthly Newsletter

New Listings in Southwest Florida Golf Communities

Lee County October Housing Market Report

The October housing market report for Lee County showed 1,378 properties sold for just over $704 Million during the month. Year to date, property sales have surpassed $8.9 Billion. The County includes Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel, and surrounding areas.

The luxury market saw 85 properties sold at or above $1 Million in October compared to 92 homes in September. The highest-priced sale was a single-family Bonita Beach home for $12,250,000.

Interestingly, luxury golf homes accounted for 70 percent of the top 10 highest-priced homes sold in Lee County. Golf communities represented were Miromar Lakes, Mediterra and Quail West, and homes sold between $2,950,000 and $6,450,000.

Overall, Florida’s economy remains robust. Once again, the state exceeded expectations with tax revenue collections, bringing in $215 Million more than projected during September. Additionally, the Sunshine State remains a prime destination for wealthy and ultra-high-net-worth individuals to buy homes. Jeff Bezos is the latest to make the move to South Florida. He is just one of many looking for a tax-friendly state.

So, as long as demand remains high and supply low, we expect our current market conditions to continue.

Lee County October Housing Market Report – Single-Family Homes

October 2023 versus October 2022 Single Family Home Highlights:

• Closed sales increased 41.4 percent going from 725 transactions up to 1,025 sales.
• Pending sales increased 44.9 percent up from 740 last October to 1,072 this October.
• Inventory increased 69.6 percent up to 5,676 properties for sale compared to this same time last year when 3,3347 homes were for sale.
• New listings increased from 908 up to 1,861 which was a 105 percent increase.
• Median days on market increased to 46 days which was a 58.6 percent increase versus October of 2022.
• Available inventory of single-family homes ended September with a 5.1 months’ supply of homes available for sale which was up from a 2.6 months’ supply during October of 2022.

So, if you own a home in Lee County and you want to maximize your profits, contact us today. Call, email, or text us for a FREE market analysis – 239.370.0892.

Or, if you are considering buying a property, now is a good time to start watching the communities you are most interested in using our automatic property alerts. Not sure which which communities fit your lifestyle? Contact us and we’ll help you target the neighborhoods which offer the amenities and lifestyle you would like to enjoy.

Lee County October Housing Market Report – Condos and Townhomes

October 2023 versus October 2022 Condo Highlights:

• Condo sales increased 8.6 percent going from 325 real estate transactions up to 353 sales.
• Pending sales decreased 1.9 percent down from 419 last October up to 411 this October.
• Inventory increased 155.3 percent up to 2,533 condos for sale compared to last October when there were only 992 units for sale.
• New listings increased from 441 up to 798 which was a 81 percent jump.
• Median days to contract was 45 days which represented an 43.8 percent increase versus October of 2022.
• Available inventory of condos ended October with a 5.5 months supply of properties available for sale which was a 223.5 percent increase over last year.

Regardless of when you plan to purchase now or sometime in the future, if you are a buyer, it may be time to start taking a closer look at homes for sale in neighborhoods that might fit your criteria. To stay up to date sign up for automatic property alerts.

Not sure if you should sell? We will provide you with the latest market data for your neighborhood and help you decide if it makes sense to list your property. If you decide to move forward, together we will determine the optimum selling price.

Southwest Florida October Housing Market Report

2023 Lee County October Housing Market Report – Single Family Homes

2023 Lee County October Housing Market Report – Condos

Recently Listed Golf Properties

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

So, if you are ready to begin your search for your dream home or condominium in Southwest Florida, we encourage you to explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate.