Talis Park Corsica Open House January 14th from 1-4 PM

Stop by our Talis Park Corsica open house January 14th from 1-4 PM. This spacious coach home is in a world-class gated golf community. This 1st-floor “Messina” Model that lives like a single-family home.

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

Visit this Fabulous Coach Home During our Talis Park Open House Sunday:

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 STUDY OR OFFICE with high speed internet perfect for working remotely.

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.

Corsica Talis Park Open Houses Include:

• 16312 Corsica Way Unit 101
• 16346 Corsica Way Unit 102
• 16340 Corsica Way Unit 103
• 16304 Corsica Way Unit 101
• 16336 Corsica Way Unit 202

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.

 

Heritage Bay Property for Sale

This Heritage Bay Property for Sale is a Verandah unit which includes a FULL GOLF MEMBERSHIP in one of the best-bundled golf communities in Naples, Florida.

10230 Heritage Bay Blvd. Unit 413 Naples, FL – List Price $559,000

More About this Golf Condo For Sale:

FULL GOLF MEMBERSHIP INCLUDED with this 1st floor condo in Heritage Bay. This spacious verandah home is WITHIN WALKING DISTANCE OF THE CLUBHOUSE. The unit offers a spectacular view of the golf course and tranquil lake all from the comfort of the screened in lanai and living area.

From the moment you walk in this TURNKEY furnished unit you’ll see it is in immaculate condition. The kitchen includes stainless steel appliances, granite countertops and crown molding.

Most important, this 2 bed plus den and 2 bath condo is in one of the BEST BUNDLED GOLF communities in Naples.

• Two Bedrooms
• Two Bathrooms
• 1,414 Square feet under air
• One Car Garage
• Year Built: 2006

If you are considering selling, you still have an opportunity to maximize the value of your home. Call or text us today – 239.370.0892.

More About Heritage Bay Golf & Country Club

Heritage Bay is a bundled golf community located in North Naples.  Your membership fees will be included in the purchase of the home and monthly dues are included in your regular community fees.  The golf course was designed by Gordon Lewis and Jed Azinger and includes spacious fairways and undulating greens.  Also, there is a large practice area with an aqua range and short game area.

Additionally, the club recently completed a $10 million improvement project to enhance the amenities for all residents of Heritage Bay. There is a brand new resort-style pool with a full service outdoor restaurant. The clubhouse has an updated Grille room overlooking the golf course and offers a casual dining option for members to enjoy after a round of golf.

Beyond golf, club amenities include 7 Har-Tru tennis courts, fitness center, pickleball courts, bocce courts and a full social calendar!

Finally, the golf course is surrounded by single family homes, condos and coach homes.  Learn more about Heritage Bay…

Talis Park Open House January 7th from 1-4 PM

Stop by our Talis Park open house January 7th from 1-4 PM. This spacious coach home is in a world-class gated golf community. This 1st-floor “Messina” Model that lives like a single-family home.

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

Visit this Fabulous Coach Home During our Talis Park Open House Sunday:

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.

Open Sunday Open Houses in Talis Park Include:

• 16312 Corsica Way Unit 101
• 16346 Corsica Way Unit 102

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 Lakes Condominium Just Sold!

Just sold another Naples Lakes Condominium! Congratulations to our clients who purchased a vacation home in Naples Lakes Country Club.

4873 Hampshire Ct. Unit 105 – Sales Price $442,500

 

More About This Naples Lakes Condominium

Located in the Lake Barrington neighborhood of Naples Lakes, this beautiful condo includes a full golf membership.  The Donovan model has an oversized lanai which overlooks the 15th green of the Arnold Palmer Signature golf course.

• 2 Bedrooms
• 2 Bathrooms
• 1,487 Square Feet Under Air
• Built in 2003

Are you considering buying or selling a home in Naples Lakes? Let’s connect to discuss your real estate needs – 239.370.0892.

Naples Lakes Country Club

Naples Lakes Country Club is a bundled golf community in Naples Florida.  It is an Arnold Palmer designed private golf course with rolling hills, elevated tee’s and greens.

Also, the golf course presents a challenge to every caliber of golfer from the golf professional to the golfers who just want to enjoy the game. As a result, you will have the opportunity to strike strategic golf shots that test course management skills, stroke smooth putts over undulating and contoured greens. Finally, this par 72 measures in at just under 7,000 yards from the tips.

In addition to golf, the club offers a resort-style pool and spa, tennis courts, outdoor bar and grill, fitness center and formal clubhouse dining. It is also one of the few golf communities which allow you to take your own golf cart on the course.

In all, Naples Lakes has 731 bundled units.  Thus, every home purchase includes a membership to the golf club. The golf course is surrounded by single family homes, coach homes and condos. Learn more…

January 5th, 2024 Posted by Matt

Fort Myers Beach Lot Price Improved!

This spectacular Fort Myers Beach Lot Price was just reduced! Located just 150 YARDS FROM THE SANDY WHITE BEACHES OF THE GULF OF MEXICO. Great opportunity to build your dream home in paradise.

116 Bayview Ave. Fort Myers, FL 33931 – List Price $575,000

This lot offers easy access to the sandy white beaches of the Gulf of Mexico. This is your opportunity to own your own slice of paradise on Fort Myers Beach! You will be able to grab your umbrella and beach chair and walk directly to Fort Myers Beach.  And, not only is this lot within walking distance of the beach, it is also within walking distance to Publix and local restaurants.

Rebuilding efforts in the area are well under way on Fort Myers Beach. Businesses are opening every day! This is your opportunity to build your dream home and live the Florida lifestyle with beautiful sunsets every evening from the comfort of your own home.

From Gulf to Golf, we will help you find the perfect property to suit your lifestyle.

 

Results You Can Count On

January 3rd, 2024 Posted by Matt

Naples Open House Today in Talis Park from 1-4 PM

Stop by our Naples open house today, December 31st in Talis Park from 1-4 PM. This spacious coach home in a world-class gated golf community. This 1st-floor “Messina” Model that lives like a single-family home.

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

Visit this Spectacular Coach Home During our Talis Park Open House Sunday:

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.

Open Sunday Open Houses in Talis Park Include:

• 16312 Corsica Way Unit 101
• 16346 Corsica Way Unit 102

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.

 

Azure Hacienda Lakes Open House Saturday 1-4 PM

Visit our Azure Hacienda Lakes Open House Saturday, December 30th from 1-4 PM to see one of the LOWEST PRICED LAKE VIEW VILLAS in Azure.

Looking for New Construction? All the work is already done. MOVE-IN ready, the villa is BRAND NEW & LOADED WITH $95,000 in UPGRADES above the builder’s base price! 

9040 Mayreau Way Naples, FL 34114 – IMPROVED PRICE $699,900

At Our Azure Open House Saturday to Learn More About This Villa:

A spacious COASTAL CONTEMPORAY Sandhill Model with Engineered hardwood & tile throughout. Chef’s Style Kitchen with a NATURAL GAS stove, Kitchen Aid Stainless Steel Appliances, QUARTZ Countertops and Large Center Island which opens up to the main living area.

Large walk-in Pantry with upgraded shelving. The Study has a spectacular view of the lake!

Natural light makes this attached villa light and bright. The main living area has Soaring Coffered Ceilings with crown molding in living area & master bedroom.

Master bathroom with dual Kohler accessories, glass-enclosed shower and large walk-in closet. Guest bedroom features a walk-in closet and access to a full bath with walk-in shower.

November 2023 Naples FL Real Estate Review

The latest Naples FL real estate review showed 537 properties sold for just over $517 Million during November. The highest-priced sale was a single-family home in Quail West for $7,000,000.

Additionally, 132 of the real estate transactions for the month were at or above $1 Million. Year-to-date, Collier County has had $9.6 Billion worth of home sales. Once again, 40 percent of the 10 highest-priced home sales were in luxury golf communities, including Grey Oaks and Quail West.

Overall, inventory ended the month with 3,795 properties for sale, representing a 38.8 percent increase over the same time last year. It was also a 12.7 percent increase over the previous month. Similar to the prior month, there was a notable increase in new listings, 1,174 new properties that came to market during the month, giving Buyers more options.

The Naples Beach area (34102, 34103, and 34108) ended the month with one of the highest levels of homes for sale with an 11.8-month supply up from 10 months during the previous month.

Many golf communities are starting to see an increase in inventory as well. For example, there are currently 4 homes for sale in Collier’s Reserve and 7 properties for sale in Wyndemere. Buyers haven’t seen this level of options since September 2020.

New home builders have also seen a slower fall sales market than anticipated. According to Mike Bone, Area Sales Manager with D.R. Horton, “Area builders have experienced a much slower fall sales market than what was budgeted for the fall months. Sales were lagging behind monthly budgets by approximately 25 percent, and cancellation rates on contracts have hovered around 20 percent due to the higher interest rates.”

Naples Florida Real Estate Review – November 2023

November 2023 versus November 2022 Highlights

• Closed sales decreased 6 percent compared to November of last year.
• Overall pending sales decreased 14 percent versus the same time in 2022.
• Inventory increased 39 percent up from 2,734 homes to 3,795 homes for sale.
• Average days on market increased 28 percent up to 59 days compared to November of 2022.

In all, there were 253 single-family homes and 284 condos sold for a total of 537 sales during the month. The total number of property sales were 6 percent lower than the same time last year.

The median single family price came in at $725,000 for November, up from $585,000 during the prior month. And, the median condo sales price was $465,000, up from $439,500 during the month before.

Further, even though the number of days it took for a property to go to contract increased quite a bit over last year (28% increase). It also increased month-to-month up from 56 days to 59 days. The typical number of days on the market during a healthy market is 120 days, well above the November levels.

Bottom line, season will be in full-swing within the next couple of weeks. If you are considering selling, mid-January to March is the ideal time to list your property for sale. If you are a buyer, there are already more options to chose from and if the previous three months of inventory increases continue, we should see even more options available by the second week in January.

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 FL Real Estate Review – Luxury Golf Home Sales in November

• $7,000,000 – 5936 Sunnyslope Dr. in Quail West with 6,128 sq. ft. (97% of list price)
• $6,650,000 – 6405 Highcroft Dr. in Quail West with 5,730 sq. ft. (100% of list price)
• $6,200,000 – 6253 Highcroft Dr. in Quail West with 4,795 sq. ft. (100% of list price)
• $5,850,000 – 2354 Alexander Palm Dr. in Grey Oaks  with 4,801 sq. ft. (98% of list price)
• $4,800,000 – 15139 Brolio Ln. in Mediterra with 4,957 sq. ft. (96% of list price)
• $4,000,000 – 7923 Grand bay Dr. Unit 12 in Pelican Bay with 3,126 sq. ft. (93% of list price)
• $3,500,000 – 7575 Pelican Bay Blvd. Unit 1108 in Pelican Bay with 3,400 sq. ft. (93% of list price)
• $3,349,000 – 655 Venezia Grande Dr. in The Vineyards with 4,458 sq. ft. (96% of list price)
• $3,290,000 – 16708 Lucarno Way in Mediterra with 3,308 sq. ft. (94% of list price)
• $3,250,000 – 7575 Pelican Bay Blvd. Unit 908 in Pelican Bay with 3,400 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 Golf Property Trends

Your go-to resource for SW Florida 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. At the same time, several golf communities hit an all-time high for the average closed sales price.

Almost all of the “equity” golf communities have multi-year waitlists. However, there are options for immediate golf privileges in those 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 200 golf communities between Naples and Sarasota, 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 in Southwest Florida 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.

SW Florida Golf Property Trends – Single Family Homes

 

 

NAPLES Florida 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, 14 properties closed over the past 12 months and average sales price $2,742,643

Greyhawk at GC of the Everglades – 19 properties for sale, 30 properties closed over the past 12 months and average sales price $1,280,582

Grey Oaks – 17 properties for sale, 38 properties closed over the past 12 months and average sales price $4,621,684

Kensington – 1 property for sale, 16 properties closed over the past 12 months and average sales price $1,681,344

Lely Resort – 32 properties for sale, 89 properties closed over the past 12 months and average sales price $1,407,516

Mediterra – 21 properties for sale, 26 properties closed over the past 12 months and average sales price $4,120,277

Olde Cypress – 6 properties for sale, 34 properties closed over the past 12 months and average sales price $1,560,482

Pelican Bay – 23 properties for sale, 18 properties closed over the past 12 months and average sales price $4,358,369

Pelican Bay (Estates at Bay Colony) – 1 property for sale, 0 properties closed over the past 12 months

Pelican Marsh – 8 properties for sale, 36 properties closed over the past 12 months and average sales price $2,221,569

Quail Creek – 10 properties for sale, 18 properties closed over the past 12 months and average sales price $2,390,489

Quail West – 14 properties for sale, 38 properties closed over the past 12 months and average sales price $4,626,726

Talis Park – 3 properties for sale, 11 properties closed over the past 12 months and average sales price $4,516,636

Tiburon – 4 properties for sale, 9 properties closed over the past 12 months and average sales price $3,935,000

Treviso Bay – 2 properties for sale, 18 properties closed over the past 12 months and average sales price $21,938,333

Vineyards – 18 properties for sale, 64 properties closed over the past 12 months and average sales price $1,304,219

 

BONITA SPRINGS Florida Golf Property Trends – Single Family Homes

Bonita Bay – 19 properties for sale, 33 properties closed over the past 12 months and average sales price $2,514,227

Palmira – 11 properties for sale, 29 properties closed over the past 12 months and average sales price $1,002,940

Pelican Landing – 20 properties for sale, 38 properties closed over the past 12 months and average sales price $1,458,092

Pelican Landing (The Colony) – 2 properties for sale, 10 properties closed over the past 12 months and average sales price $2,446,500

 

 

ESTERO Florida Golf Property Trends – Single Family Luxury Homes

Miromar Lakes – 19 properties for sale, 34 properties closed over the past 12 months and average sales price $2,193,010

Pelican Sound –  0 properties for sale, 10 properties closed over the past 12 months and average sales price $1,060,831

Shadow Wood – 14 properties for sale, 39 properties closed over the past 12 months and average sales price $1,742,808

West Bay Club – 8 properties for sale, 23 properties closed over the past 12 months and average sales price $1,245,783

 

 

FORT MYERS Florida Golf Property Trends – Single Family Luxury Homes

Gulf Harbour Yacht and Country Club – 12 properties for sale, 26 properties closed over the past 12 months and average sales price $1,878,888

The Forest – 14 properties for sale, 21 properties closed over the past 12 months and average sales price $613,167

BRADENTON Florida Recent Golf Property Trends – Single Family Luxury Homes

Concession – 4 properties for sale, 14 properties closed over the past 12 months and average sales price $3,685,000

Founders Club – 5 properties for sale, 10 properties closed over the past 12 months and average sales price $2,441,724

Esplanade at Lakewood Ranch – 20 properties for sale, 99 properties closed over the past 12 months and average sales price $1,198,192

Esplanade at Azario – 3 properties for sale, 87 properties closed over the past 12 months and average sales price $1,135,996

 

 

 

 

 

 

 

SARASOTA Florida 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 Golf Property Trends – Condos

 

 

 

NAPLES Florida 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, 10 properties closed over the past 12 months and average sales price $2,423,400

Hammock Bay – 25 properties for sale, 45 properties closed over the past 12 months and average sales price $770,020

Kensington – 2 properties for sale, 20 properties closed over the past 12 months and average sales price $823,475

Lely Resort – 49 properties for sale, 134 properties closed over the past 12 months and average sales price $586,230

Mediterra – 11 properties for sale, 19 properties closed over the past 12 months and average sales price $2,184,132

Pelican Bay – 139 properties for sale, 269 properties closed over the past 12 months and average sales price $1,939,496

Pelican Marsh – 11 properties for sale, 59 properties closed over the past 12 months and average sales price $812,127

Talis Park – 18 properties for sale, 34 properties closed over the past 12 months and average sales price $1,661,539

Tiburon – 4 properties for sale, 31 properties closed over the past 12 months and average sales price $1,581,097

Treviso Bay – 11 properties for sale, 62 properties closed over the past 12 months and average sales price $593,642

Vineyards – 18 properties for sale, 79 properties closed the over past 12 months and average sales price $719,775

 

 

 

 

BONITA SPRINGS Florida Golf Property Trends – Condos

Bonita Bay – 76 properties for sale, 161 properties closed over the past 12 months and average sales price $1,971,477

Palmira – 5 properties for sale, 21 properties closed over the past 12 months and average sales price $690,143

Pelican Landing – 12 properties for sale, 62 properties closed over the past 12 months and average sales price $594,258

Pelican Landing (The Colony) – 38 properties for sale, 53 properties closed over the past 12 months and average sales price $1,472,731

 

 

 

 

 

ESTERO Florida Golf Property Trends – Condos

Miromar Lakes – 23 properties for sale, 29 properties closed over the past 12 months and average sales price $1,161,134

Pelican Sound – 5 properties for sale, 28 properties closed over the past 12 months and average sales price $573,338

Shadow Wood – 5 properties for sale, 20 properties closed over the past 12 months and average sales price $651,920

West Bay Club – 15 properties for sale, 21 properties closed over the past 12 months and average sales price $891,571

 

 

 

 

 

FORT MYERS Florida Golf Property Trends – Condos

Gulf Harbour Yacht and Country Club – 36 properties for sale, 72 properties closed over the past 12 months and average sales price $896,343

The Forest – 18 properties for sale, 39 properties closed over the past 12 months and average sales price $288,121

 

 

 

 

 

 

BRADENTON Florida Golf Property Trends – Condos

Esplanade at Lakewood Ranch – 0 properties for sale, 4 properties closed over the past 12 months and average sales price $514,750

Esplanade at Azario – 2 properties for sale, 25 properties closed over the past 12 months and average sales price $544,076

SARASOTA Florida Golf Property Trends – Condos

TPC Prestancia – 3 properties for sale, 5 properties closed over the past 12 months and average sales price $469,600

Sarasota Housing Trends

The latest Sarasota housing trends showed 805 properties sold for just over $605 Million during Novemberin the county, including North Port, Sarasota, and Bradenton areas. Year-to-date, there has been $7 Billion in closed sales.

Sarasota Housing Trends – Single-Family Homes

November 2023 versus November 2022 Single Family Home Highlights:

• Closed sales increased 31 percent going from 413 transactions up to 541 sales.
• Pending sales increased from 454 last November compared to 459 this November, a 1.1 percent increase.
• Inventory increased 60.9 percent up to 2,708 homes for sale compared to this same time last year when 1,683 homes were for sale.
• New listings increased from 650 up to 920 which was a 41.5 percent jump.
• Median days on market increased to 25 days which was an 8.7 percent increase versus November of 2022.
• Available inventory of single-family homes ended November with a 4.3 months’ supply of homes available for sale which was up from 2.4 month’s supply during November of 2022.

Single-family home inventory continued its upward trend. Similar to the previous two months, inventory increased month-over-month by 11.7 percent, giving Buyers more options.

Unlike last month when the number days from a new listing to contract increased month-to-month, during November, it decreased to 29 days. The low days on market combined with just a 4.3 months supply of inventory gave Seller’s the upper hand.

Also, the median sales price was almost the same as it was the prior year at $500,000. However, it was down from the prior month when it was $520,000. Also notable was the percentage of single-family home sales which were cash purchases. Almost 44 percent of all single-family home sales were a cash transaction which was down slightly from 46 percent during the prior month.

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

Sarasota Housing Trends – Condos and Townhomes

 

November 2023 versus November 2022 Condo Highlights:

• Condo sales increased 30.7 percent going from 225 real estate transactions up to 294 sales.
• Pending sales increased 21.3 percent up from 258 last November to 313 this November.
• Inventory increased 114.9 percent up to 1,562 condos for sale compared to last November when there were only 727 units for sale.
• New listings rose from 368 up to 583 or a 58.4 percent increase.
• Median days to contract was 21 days which was up from 13 days last year.
• Available inventory of condos ended November with a 4.9 months’ supply of properties available for sale which was a 133.3 percent increase.

Similar to single-family homes, condo inventory increased significantly over last year. More importantly, inventory rose month-to-month for the fourth straight month. There were 1,562 condos for sale at the end of November compared to 1,371 units for sale at the end of October which was a 13.9 percent increase.

While we moved in the right direction adding 191 additional condos for sale, we ended with just a 4.9 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 on market fell for the 2nd straight month down to 21 days to contract, down from 32 days in October. Notable was the percentage of cash sales which was 73.8 percent of all condo sales up from 67 percent during the prior month. 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

2023 Sarasota November Housing Market Report – Single Family Homes

2023 Sarasota November Housing Market Report – Condos

New Listings in Southwest Florida Golf Communities

Naples Golf Guy Monthly Market Report