Naples, Bonita Springs, Estero and Marco Island Florida Real Estate Trends

Overall, the latest Florida real estate trends in Naples, Bonita Springs, Estero and Marco Island show the market is healthy.  Unlike other areas of the country, we have a good supply of inventory and home prices are increasing steadily.  The luxury real estate market, homes priced above $2 million, continues to show significant growth with double digit increases in closed sales year-to-date.

Southwest Florida Real Estate Trends for Naples, Bonita Springs and Estero

• Closed sales year-to-date increased slightly from 7,958 closings to 8,104 which was similar to the same time period last year
• Luxury Home Sales priced above $2 million increased 18.5 percent year-to-date
• Inventory as of August 1st of this year was 6,304 residential properties compared to 6,264 one year ago, this represents a 6.3 month’s supply of properties for sale
• New Listings over the past 12 months totaled 17,539, this is a decrease of 14 percent compared to the prior year
• Average Sales Price for the last 12 months ending August 31^st increased 8.9 percent up to $568,633
• Median Sales Price for the same 12 months increased 3.2 percent to $330,604
• Luxury Homes Sales above $2 million increased 4 percent over the past 12 months

Marco Island Florida Real Estate Trends

• Closed sales fell from 594 to 558 so far this year
• Overall closed sales for the past 12 months  declined 8.5 percent from 893 to 817 year over year
• Inventory as of August 1st of this year was 561 properties which is down from 651 during the same time in 2017
• Over the past 12 months ending August 31st, there were 1,287 listings added to the market which was down from 1,465
• The average sales price for the past 12 months increased just under 3 percent from $732,709 up to $752,451
• Median sales price remained about the same during the past 12 months at $572,717

Southwest Florida Real Estate Trends for Golf Community Single Family Homes

Audubon Country Club – 12 properties for sale, 22 properties closed over past 12 months and average sales price $972,150

Bonita Bay – 29 properties for sale, 78 properties closed over past 12 months and average sales price $1,159,234

Collier’s Reserve – 8 properties for sale, 19 properties closed over past 12 months and average sales price $1,116,645

Grey Oaks – 31 properties for sale, 58 properties closed over past 12 months and average sales price $2,561,034

Kensington – 8 properties for sale, 18 properties closed over past 12 months and average sales price $971,736

Lely Resort – 88 properties for sale, 115 properties closed over past 12 months and average sales price $647,278

Mediterra – 39 properties for sale, 32 properties closed over past 12 months and average sales price $2,263,321

Olde Cypress – 21 properties for sale, 32 properties closed over past 12 months and average sales price $791,578

Palmira – 23 properties for sale, 41 properties closed over past 12 months and average sales price $576,040

Pelican Bay – 11 properties for sale, 52 properties closed over past 12 months and average sales price $2,037,287

Pelican Bay (Bay Colony) – 5 properties for sale, 6 properties closed over past 12 months and average sales price $3,633,333

Pelican Landing – 23 properties for sale, 36 properties closed over past 12 months and average sales price $723,561

Pelican Landing (The Colony) – 6 properties for sale, 3 properties closed over past 12 months and average sales price $861,667

Pelican Marsh – 25 properties for sale, 44 properties closed over past 12 months and average sales price $1,325,077

Pelican Sound – 1 property for sale, 8 properties closed over past 12 months and average sales price $613,000

Quail Creek – 22 properties for sale, 23 properties closed over past 12 months and average sales price $1,028,674

Quail West – 59 properties for sale, 55 properties closed over past 12 months and average sales price $2,223,702

Tiburon – 7 properties for sale, 8 properties closed over past 12 months and average sales price $1,856,500

Vineyards – 43 properties for sale, 60 properties closed over past 12 months and average sales price $631,278

West Bay Club – 17 properties for sale, 29 properties closed over past 12 months and average sales price $1,277,248

Southwest Florida Real Estate Trends for Golf Community Condos

Bonita Bay – 59 properties for sale, 110 properties closed over past 12 months and average sales price $637,221

Grey Oaks – 9 properties for sale, 13 properties closed over past 12 months and average sales price $1,026,077

Kensington – 18 properties for sale, 19 properties closed over past 12 months and average sales price $434,771

Lely Resort – 96 properties for sale, 138 properties closed over past 12 months and average sales price $296,992

Mediterra – 11 properties for sale, 24 properties closed over past 12 months and average sales price $600,948

Olde Cypress – 4 properties for sale, 6 properties closed over past 12 months and average sales price $423,667

Palmira – 13 properties for sale, 22 properties closed over past 12 months and average sales price $332,959

Pelican Bay – 94 properties for sale, 229 properties closed over past 12 months and average sales price $881,030

Pelican Bay (Bay Colony) – 15 properties for sale, 29 properties closed over past 12 months and average sales price $3,057,810

Pelican Landing – 33 properties for sale, 51 properties closed over past 12 months and average sales price $339,480

Pelican Landing (The Colony) – 51 properties for sale, 40 properties closed over past 12 months and average sales price $853,962

Pelican Marsh – 34 properties for sale, 63 properties closed over past 12 months and average sales price $424,980

Pelican Sound – 21 properties for sale, 70 properties closed over past 12 months and average sales price $302,817

Tiburon – 17 properties for sale, 25 properties closed over past 12 months and average sales price $786,100

Vineyards – 88 properties for sale, 120 properties closed over past 12 months and average sales price $347,358

West Bay Club – 3 properties for sale, 29 properties closed over past 12 months and average sales price $506,345

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Naples July Real Estate Defies National Trends

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Naples July Real Estate Defies National Trends

The latest national trends show existing home sales continue to decline and there is also a shortage of properties for sale according to the most recent market report from the National Association of Realtors (NAR). However, the Naples area continues to defy those national trends.  Overall home sales and pending sales both increased for the month of July.  Additionally, housing inventory in Naples is healthy with a 6.25 month supply. When compared to the nationwide average of 4.3 month supply of home inventory, Naples is in great shape as we head into season.

Naples Area Real Estate Activity

July 2018 Naples Area Real Estate Activity Highlights:

• Overall home sales increased 8 percent, up from 682 properties to 738 for the month of July
• Single Family Closed sales increase 5 percent compared to July of last year
• Condo Closed sales increased 12 percent over the same time last year
• Median Closed Price increased to $345,000 during the month which is an 8% increase
• Overall inventory fell slightly from 4,928 down to 4,871 which is a 1 percent decline
• Average days on market fell from 105 down to 93 days or an 11 percent drop

Naples Area Real Estate Activity By the Numbers – July 2017 versus July 2018

More National Trends Compared to Naples:

Unlike the national average of home sales which declined for the past three months, home sales in Naples increased 8 percent.  Evan though inventory in other areas of the country remains in tight supply, Naples is boasting just over a six month supply which is considered a healthy market.  Additionally, the median price of homes nationwide for July was up 4 percent while the Naples area increased 8 percent.  Finally, there’s a significant difference in how people are purchasing real estate in our area.  Approximately 50 percent of the home purchases in July were cash sales compared to 20 percent nationally.

Bottom Line:

We have a healthy inventory, increasing closed sales, price stability and a decrease in the number of days on market. Therefore, it is a prime time to buy a property in Naples, Florida!

If you’re looking for a focused and rusults-oriented Realtor in Naples, Bonita Springs or Estero who will help you achieve your Real Estate needs, please reach out to me directly.

Additionally, if you are looking for a golf community expert or your are considering buying or selling a home, a luxury home, luxury vacation home, luxury golf home or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

August 27, 2018 Posted by Matt

What Impact Will an Economic Slowdown Have on Real Estate?

The experts agree that the next economic slowdown is on its way, but that doesn’t mean that the housing market will be affected. Let’s get together to go over the differences between an economic slowdown and a housing market crash so that you can make the best real estate decisions for you and your family.

In fact, during an economic slowdown, purchasing a home is a great way to build your wealth using a stable investment. The home will continue to appreciate or if it is a second home, my buyers I work with will rent their property to generate income.

August 27, 2018 Posted by Matt

Just Went to Contract on a New Construction Vineyards Condo

Congratulations to a fantastic couple who just went to contract on a new construction Vineyards Condo in Naples, Florida!  This beautiful condo is located in the Avellino Isles neighborhood of The Vineyards.  The Vineyards condo they chose has a fantastic view overlooking the golf course and a large lake.

New Construction Vinyards Condo List Price – $519,000

More About Avellino Isles Condos:

Avellino Isles is neighborhood within a fantastic Naples Golf Community,  The Vineyards Country Club. This elegant condo community offers two and three-story coach homes with magnificent views of the golf course.  The neighborhood includes a State of the Art Clubhouse with an infinity edge pool, fitness center, library, spa and outdoor grilling area. Condos range from $449,000 to $839,000 for 2,114 to 3,282 square foot of living space. Finally, there are only a couple of new construction units remaining in Avellino Isles so if you are interested in this community contact me today for more information.

More About The Vineyards Country Club:

Those searching for a luxury lifestyle will find the private, Vineyards Country Club to be the sum of their expectations. Its maturity brings beauty and value to a location steeped with an abundance of amenities and new home options.

In addition to numerous neighborhood clubhouses, pools, gardens and other amenities, Vineyards residents have the opportunity to join the award-winning Vineyards Country Club. Past the luxurious entrance featuring  beautiful fountains is a 70,000 square foot clubhouse.  The country club includes 36 championship holes of golf situated on expansive fairways with sparkling lakes and a cypress preserve. Nearby, there are 12 Har-Tru tennis courts, six of which are lighted for night play. Video Tour

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Real Estate Sales Beginning of August for Southwest FL

It is the beginning of August and for the week of the 4th, the Southern Ft. Myers, Estero and Bonita Springs Florida Home Sales report shows there were 162 properties sold down from 212 properties sold during the prior week.

Similar to last week, South Ft. Myers lead the real estate market with the most sales.  In all, there were 61 properties sold, down from 94 the prior week. Bonita Springs moved up to second with 56 real estate transactions versus 57 properties sold the week before. And, last but not least, Estero finished the week with 43 transactions which is down from the week before when there were 61 sales.

So, of the 61 properties sold in S. Ft. Myers, 31 percent were single family homes, 18 percent were condos and 41 percent were vacant lots. The remaining South Fort Myers properties sold were mobile homes, commercial units and multi-family units.

Additionally, Bonita Springs finished the week with 56 properties sold, 14 percent were vacant lots, 32 percent were condos and 41 percent were single family homes. Thus, the remaining real estate transactions in Bonita Springs were mobile homes, multi-family units and commercial units.

Finally, of the 43 closings in Estero, 39.5 percent were condos, 28 percent were vacant lots and 32.5 percent were single family homes.

In review, for the beginning of August, real estate transactions are broken down by the following property types:  57 single family homes, 47 condos, 45 vacant lots, 3 commercial units, 5 multi-family units, 4 mobile homes and 4 commercial units sold during the week.

S. Ft. Myers, Estero and Bonita Springs Florida Home Sales – Organized by zip code

Bonita Springs

• 34134 – 14 properties sold (1 multi-family unit, 3 mobile homes, 5 single family homes and 5 condos)
• 34135 – 42 properties sold (1 commercial unit, 2 multi-family units, 8 vacant lots, 18 single family homes and 13 condos)

Southern Fort Myers

• 33912 – 10 properties sold (2 vacant lots, 6 single family homes and 2 condos)
• 33913 – 40 properties sold (3 commercial unit, 21 vacant lots, 7 single family homes and 9 condos)
• 33967 – 11 properties sold (1 mobile home, 2 multi-family units, 2 vacant lots, 6 single family homes)

Estero

• 33928 – 34 properties sold (12 vacant lots, 10 single family homes and 12 condos)
• 33967 – 2 properties sold (2 condos)
• 34134 – 2 properties sold (2 condos)
• 34135 – 5 properties sold (4 single family homes and 1 condo)

Miromar

• 33913 – 2 properties sold (1 single family home and 1 condo)

Lee County Real Estate Transactions for the Beginning of August 2018

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Lee County Real Estate Transactions Week of July 28th 2018

Incredible Number of Real Estate Transactions

There were an incredible number of real estate sales during the week of June 25th in Naples Florida.  Especially since it’s the middle of summer. And when I say an incredible number, I mean it! There were 451 Naples Properties Sold during the week. This is significantly higher than the previous week when 283 homes sold.  Similar to last week, North Naples had the most real estate transactions with a total of 114 properties sold which is up from 69 the week before. And, East Naples had the second most homes sold with 79 real estate transactions compared to 53 during the prior week. Finally, the City of Naples rounded out the week with 58 transactions, up from the previous week when there were 32 units sold.

Additionally, of the 114 real estate sales in North Naples, 15 percent were vacant lots, 55 percent were condos and 30 percent were single family homes.   Also, in East Naples, of the 79  transactions closed, 19 percent were vacant lots, 55 percent were condos and 24 percent were single family homes.  The remaining property sold was a mobile home. And, of the 58 properties sold in the City of Naples, 66 percent were condos and 31 percent were single family homes. The remaining property sold was a vacant lot.

In Summary, for the Naples area during the week of June 25th, real estate sales are broken down as follows: 202 condos, 147 single family homes 101 vacant lots and 1 mobile home closed in Collier County.

Naples Real Estate Sales the Week of June 25th by zip code:

City of Naples

• 34102 – 16 properties sold (1 vacant lot, 5 single family homes and 9 condos)
• 34103 – 23 properties sold (8 single family homes and 15 condos)
• 34105 – 19 properties sold (5 single family homes and 14 condos)

North Naples

• 34109 – 29 properties sold (1 vacant lot, 8 single family homes and 20 condos)
• 34110 – 31 properties sold (4 vacant lots, 10 single family homes and 17 condos)
• 34119 – 54 properties sold (12 vacant lots, 16 single family homes and 26 condos)

East Naples

• 34104 – 23 properties sold (1 mobile home, 9 single family homes and 13 condos)
• 34112 – 37 properties sold (9 vacant lots, 8 single family homes and 20 condos)
• 34113 – 19 properties sold (6 vacant lots, 2 single family homes and 11 condos)

Ave Maria & Immokalee

• 34142 – 15 properties sold (10 vacant lots and 5 single family homes)

Barefoot Beach

• 34134 – 1 property sold (1 condo)

Eastern Collier County

• 34114 – 33 properties sold (15 vacant lots, 10 single family homes and 8 condos)

Everglades City

• 34139 – 1 property sold (1 condo)

Golden Gate

• 34116 – 14 properties sold (3 vacant lots, 8 single family homes and 3 condos)

Big Cypress

• 34117 – 17 properties sold (8 vacant lots and 9 single family homes)

Coco River

• 34108 – 35 properties sold (1 vacant lot, 14 single family homes and 20 condos)

Corkscrew

• 34120 –  55 properties sold (29 vacant lots, 19 single family homes and 7 condos)

Marco Island

• 34145 – 30 properties sold (2 vacant lots, 11 single family homes and 17 condos)

Collier County Real Estate Transactions Week of June 25th 2018

Homeownership Remains Cheaper Than Renting

The latest Rent vs. Buy Report from Trulia shows that homeownership remains cheaper than renting in 98 of the 100 largest metro areas in the United States. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find you your dream home.

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Collier County Real Estate Transactions Week of June 18th 2018

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August 18, 2018 Posted by Matt

Naples Real Estate Sales Week of June 18th

Naples Real Estate Sales Week of June 18th – There were 283 Naples Properties Sold during the week. This is lower than the previous week when 317 homes sold.  Similar to last week, North Naples had the most real estate transactions with a total of 69 properties sold down from 83 the week before. And, East Naples had the second most homes sold with 53 real estate transactions compared to 46 during the prior week. Finally, the City of Naples rounded out the week with 32 transactions down from the previous week when there were 55 units sold.

Additionally, of the 69 real estate sales in North Naples, 11 percent were vacant lots, 25 percent were condos and 46 percent were single family homes. The remaining properties sold were mobile homes.  Also, in the East Naples, of the 53  transactions closed, 6 percent were vacant lots, 58 percent were condos and 36 percent were single family homes.  And, of the 32 properties sold in the City of Naples, 66 percent were condos and 34 percent were single family homes.

In Summary, for Naples Real Estate Sales Week of June 18th are broken down as follows: 114 condos, 116 single family homes 51 vacant lots and 2 mobile homes closed in Collier County.

Naples Real Estate Sales Week of June 18th by zip code:

City of Naples

• 34102 – 11 properties sold (5 single family homes and 6 condos)
• 34103 – 10 properties sold (4 single family homes and 6 condos)
• 34105 – 11 properties sold (2 single family homes and 9 condos)

North Naples

• 34109 – 20 properties sold (1 vacant lot, 14 single family homes and 5 condos)
• 34110 – 18 properties sold (5 single family homes and 13 condos)
• 34119 – 31 properties sold (1 mobile home, 10 vacant lots, 13 single family homes and 7 condos)

East Naples

• 34104 – 19 properties sold (5 single family homes and 14 condos)
• 34112 – 16 properties sold (7 single family homes and 9 condos)
• 34113 – 18 properties sold (3 vacant lots, 7 single family homes and 8 condos)

Ave Maria & Immokalee

• 34142 – 10 properties sold (3 vacant lots and 7 single family homes)

Barefoot Beach

• 34134 – 1 property sold (1 single family home)

Eastern Collier County

• 34114 – 27 properties sold (1 mobile home, 10 vacant lots, 8 single family homes and 8 condos)

Golden Gate

• 34116 – 11 properties sold (6 single family homes and 5 condos)

Big Cypress

• 34117 – 7 properties sold (5 vacant lots and 2 single family homes)

Coco River

• 34108 – 16 properties sold (1 vacant lot, 5 single family homes and 10 condos)

Corkscrew

• 34120 –  39 properties sold (22 vacant lots, 14 single family homes and 3 condos)

Marco Island

• 34145 – 18 properties sold (1 vacant lot, 8 single family homes and 9 condos)

Collier County Real Estate Sales Week of June 18th 2018

Estero and Bonita Springs Florida Home Sales

During the week of July 28th, the Southern Ft. Myers, Estero and Bonita Springs Florida Home Sales report shows there were 212 properties sold down from 230 properties sold during the prior week.

Similar to last week, South Ft. Myers lead the real estate market with the most sales.  In all, there were 94 properties sold, down from 138 the prior week. Estero remained second with 61 real estate transactions versus 50 properties sold the week before. And, last but not least, Bonita Springs finished the week with 57 transactions which is up from the week before when there were 41 sales.

So, of the 94 properties sold in S. Ft. Myers, 45 percent were single family homes, 19 percent were condos and 30 percent were vacant lots. The remaining South Fort Myers properties sold were agricultural lots, commercial units and multi-family units.

Additionally, of the 61 closings in Estero, 18 percent were condos, 44 percent were vacant lots and 33 percent were single family homes.  The remaining properties sold were mobile homes.

Finally, Bonita Springs finished the week with 57 properties sold, 37 percent were vacant lots, 30 percent were condos and 28 percent were single family homes. Thus, the remaining real estate transactions in Bonita Springs were agricultural lots and  mobile homes.

Activity in South Ft. Myers, Bonita Springs and Estero remains hot!  In review, for the week of July 28th, real estate transactions are broken down by the following property types:  79 single family homes, 46 condos, 76 vacant lots, 3 commercial units, 4 mobile homes, 2 multi-family units and 1 agricultural lot sold during the week.

S. Ft. Myers, Estero and Bonita Springs Florida Home Sales – Organized by zip code

Bonita Springs

• 34134 – 9 properties sold (1 vacant lot, 5 single family homes and 3 condos)
• 34135 – 48 properties sold (1 agricultural lot, 1 mobile home, 1 multi-family unit, 20 vacant lots, 11 single family homes and 14 condos)

Southern Fort Myers

• 33912 – 30 properties sold (2 commercial units, 4 vacant lots, 12 single family homes and 12 condos)
• 33913 – 47 properties sold (1 agricultural lot, 1 commercial unit, 19 vacant lots, 20 single family homes and 6 condos)
• 33967 – 17 properties sold (1 multi-family unit, 5 vacant lots, 11 single family homes)

Estero

• 33928 – 55 properties sold (3 mobile homes, 27 vacant lots, 17 single family homes and 8 condos)
• 33967 – 1 property sold (1 single family home)
• 34134 – 2 properties sold (1 single family home and 1 condo)
• 34135 – 3 properties sold (1 single family home and 2 condos)

Miromar

• 33913 – 1 property sold (1 single family homes)

S. Ft. Myers, Estero and Bonita Springs Florida Home Sales the Week of July 28th 2018

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Home Prices Rise Due to Lack of Inventory

Is housing affordable? As home prices continue to rise due to a lack of inventory, many people are becoming more concerned about housing affordability. Taking a look at NAR’s Housing Affordability Index puts that concern to rest.

Let’s get together to go over your specific market and determine whether or not you are ready to buy today! 239-370-0892

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