Naples 2017 Real Estate Sales Finish Strong

A year end review of the Naples 2017 Real Estate Market shows we finished the year up over last year despite the disruption of Hurricane Irma.  Overall, closed sales increased 4 percent in 2017, up to 8,815 from 8,510 in 2016 according to the latest Market report released by the Naples Area Board of REALTORS® (NABOR®).  Additionally, the median closed price increased 3 percent for the year.  Sales in the luxury real estate market saw significant activity.  For homes in the $2 million and above price category, closed sales increased double digits, up 20 percent in 2017. Also, pending sales also showed a modest increase up to 9,121 in 2017, or 2 percent, from 8,903 in 2016.

Naples 2017 Real Estate Market Review

Naples 2017 Real Estate Sales Year-Over-Year

• Annual Pending Sales increased 2 percent in 2017 from 2016
• Annual Closed Sales increased 4 percent in 2017 from 2016
• Annual Median Closed Price increased 3 percent in 2017 from 2016
• Annual Inventory decreased 8 percent in 2017 from 2016
• Annual Average Days on Market increased 17 percent in 2017 from 2016

Ultimately, pending sales, closed sales and the median sales price were up for the year.  At the same time, inventory continued to decline, down 8 percent compared to last year.  Analysts said the strong market was positively influenced by above average employment rates, low inflation, positive stock market activity, and increased consumer confidence.  Considering we lost a full months worth of activity due to the storm, the Naples 2017 Real Estate Market was very strong overall.

Other key highlights include:

• Single-family home sales rose 2 percent year-over-year in 2017, increasing to 4,347
• Condo sales were up 5 percent, growing to 4,468
• Condo sales between $300,000 to $500,000  saw a 14 percent rise in new contracts over the year
• Pending Condo sales between $1 million to $2 million saw a 28 percent increase in activity
• Closed Condo sales between $1 million to $2 million increased 14 percent compared to 2016

Also, North Naples saw the most activity last year, with a total of 2,447 sales representing a 6 percent increase from 2016.  Geographically inventory shrank the most in the areas of Naples Beach, North Naples, Central Naples and the Immokalee and Ave Maria, which all saw double-digit declines.

Finally, during the fourth quarter, closed sales fell by 4 percent and new contracts fell by 2 percent compared to the previous year. However, real estate experts attribute the 4th quarter decline to the aftermath of the hurricane.  In December, sales decreased 1 percent over the year, with 657 sales made in 2017 compared to 663 in 2016.

View Detail Naples 2017 Real Estate Market Reports:

• View the 2017 Annual Market Report
  View the 2017 Annual Statistics
  View the 2017 December Statistics
  View the 2017 Fourth Quarter Statistics

So what about 2018? Activity for this year is off to a great start. Showings are increasing and pending contracts are off to a phenomenal start. So, why is Florida a hot real estate market?

More:  Florida Named one of the Best States to Retire

More:  US News & World Report Puts Naples in Top List of State for Jobs

More:  Fasting Growing States in the Country

More:  Top 10 Reasons to Move to Naples Florida

January 23, 2018 Posted by Matt

Southwest FL Real Estate

Overall, the Southwest FL Real Estate report shows there were 189 property sales for the week of December 30th through January 6th in Ft. Myers, Bonita Springs and Estero, up from 77 the previous week.

Similar to last week, Fort Myers had the most real estate activity with 66 real estate transactions, up from 31 sales during the prior week.  Estero was a close second with a total of 65 sales up from 27 sales.  And, Bonita Springs ended the week with 45 transactions up from 14 during the week of the 16th.

Additionally, of the 66 closings in Fort Myers, 42 percent were single family homes, 17 percent were condos and 23 percent were vacant lots.  The remaining property sold in Ft. Myers were commercial units.  And, Estero ended the week with 65 properties sold, 35 percent were vacant lots, 28 percent of were single-family homes and 31 percent were condos.

Finally, Bonita Springs rounded out the week with a total of 45 property sales, 29 percent of which were condos and 44 percent were single family homes. So, the remaining sales were vacant lots, mobile homes and one commercial unit.

In summary, your Southwest FL Real Estate Review shows 69 single family homes, 46 condos, 63 vacant lots, 6 mobile homes and 5 commercial units sold during the week.

Southwest FL Real Estate Review by zip code

Bonita Springs

• 34134 – 7 properties sold (4 single family homes and 3 condos)
• 34135 – 38 properties sold (1  commercial unit, 2 mobile homes, 9 vacant lots, 16 single family homes and 10 condos)

Fort Myers

• 33912 – 8 properties sold (1 vacant los, 2 single family homes and 5 condos)
• 33913 – 8 properties sold (8 single family homes)
• 33967 – 50 properties sold (4 commercial units, 22 vacant lots, 18 single family homes and 6 condos)

Estero

• 33928 – 58 properties sold (4 mobile homes, 22 vacant lots, 17 single family homes and 15 condos)
• 33967 – 3 properties sold (1 single family home and 2 condos)
• 34134 – 1 property sold (1 condo)
• 34135 – 3 properties sold (1 vacant lot and 2 condos)

Miromar Lakes

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

SW Florida Real Estate Transactions Dec. 30th 2017

More Articles:

Bonita Springs and Estero December Real Estate Sales Review

Lee County Real Estate Transactions Week of Dec. 23rd

January 22, 2018 Posted by Matt

Vineyards Condo Contract Pending!

A great couple I’m working with now has a Vineyards Condo Contract on a unit in Naples, Florida.  This beautiful 3 bedroom plus den and 3 bathroom unit has a fantastic view overlooking the lake.

726 Regency Reserve Circle #2904, Naples FL 34119 – List Price $467,900

Ultimately, this Vineyards Condo has numerous upgrades throughout the unit.  Additionally, with the southern exposure the unit has a ton of natural lighting making the condo nice and bright.  Additionally, this luxury Vineyards condo in the Regency Reserve neighborhood also includes a resort style pool and amenity center for Vineyards residents to utilize.  

More About The Vineyards Golf Club

The vineyards is one of the largest luxury golf communities in Naples, FL.  Also, it is one of the few golf communities with two golf courses located at the center of the community.  The North Course was designed by PGA professional Mark McCumber. This course is a Scottish links-style course which is well suited for a higher handicapper.  The South Course was designed by Bill Amick and is more challenging than the North course and is likely to appeal to the serious golfer or lower handicappers. Learn more about membership information….

The Vineyards Real Estate

Ultimately, there is a wide variety of properties throughout the community.  From smaller condos, medium sized coach homes and single-family homes.  Additionally, there are luxury estate homes in a private gated neighborhood. Overall, there is a type of property to appeal to all lifestyles.  Single family home prices range from $314,000 up to $2.1 million.  And, the condos and coach homes range from $188,000 to $998,000.

View Single Family Homes for Sale in The Vineyards

View Condos for Sal in The Vineyards

January 21, 2018 Posted by Matt

Just Went to Contract on a Single Family Shadow Wood Home!

This Shadow Wood Home will soon be the perfect home for a great couple. They are buying is a beautiful 4 bedroom and 3 bathroom single family home is located in a luxury golf community in Bonita Springs Florida.

Shadow Wood Home located at 9275 Hallow Pine Drive – List Price $925,000

Shadow Wood Country Club

Shadow Wood Country Club is the only golf community in Bonita Springs which includes three 18-hole championship golf courses. The Preserve was designed by award-winning architect Arthur Hills. Residents electing membership in the country club also have full access to the 30,000-square-foot clubhouse at Shadow Wood at The Brooks, with two 18-hole championship golf courses designed by golf course architect Bob Cupp. All golf members have access to all 3 courses regardless of where they live.

Shadow Wood Real Estate

This gated golf community is surrounded by single family homes, coach homes and condos.  Prices range from $470,000 to $2,850,000 for single family homes and condos range from $295,000 up to $620,000.  The community contains some properties located in Bonita Springs and others have an Estero address.  Either way, both cities are located in Lee County.

View Single Family Homes for Sale

View Condos for Sale

January 20, 2017 Posted by Matt

Top Real Estate Listings

NAPLES, BONITA SPRINGS AND ESTERO

Check out the Top Real Estate Listings in Naples, Bonita Springs and Estero, Florida! Activity is picking up in Southwest Florida as we head into season.  The weather is perfect and seasonal residents are back in town.  If you are considering relocating to our area or you are looking to buy a second home, check out some of the best golf community homes in the area.

Mediterra– 28044 Castellano Way – $2,895,000 – More about Mediterra’s Lifestyle

Single Family Home (Naples)

3 Beds and 3.5 Baths

4,459 Sq. Ft.

Built 2007

Private Naples Golf Community – Equity Membership

(More about this property) – (More about Mediterra) – (Mediterra Single Family Homes) – (Mediterra Condos)

The Colony – 23860 Tuscany Ct. – $2,499,000 (More about The Colony Lifestyle)

Single Family Home (Bonita Springs)

4 Beds and 4.5 Baths

5,366 Sq. Ft.

Built 2006

Private Bonita Springs Golf Community – Equity Membership

(More about this property) – (More about The Colony) – (The Colony Single Family Homes) – (The Colony Condos)

Coquina Sands –  address – $3,250,000 – Just Sold!  New Construction

Single Family Home (Naples)

3 Beds and 3 Baths

2,197 Sq. Ft.

Built 2017

Olde Naples

Quail West –  6351 Highcroft Dr. – $2,195,000 – New Construction

Single Family Home (Naples)

4 Beds + Den and 3.5 Baths

3,930 Sq. Ft.

Built 2017

Private Naples Golf Community – Equity Membership

(More about this property) (More about Quail West) – (Quail West Single Family Homes)

Audubon – 312 Chancery Circle– $1,850,000

Single Family Home (Naples)

4 Beds and 5.5 Baths

5,728 Sq. Ft.

Built 1996

Private Naples Golf Community – Equity Membership

(More about this property) – (More about Audubon) – (Audubon Single Family Homes) – (Audubon Condos)

Grey Oaks – 2191 Residence Cir.  – $1,795,000

Single Family Home

4 Beds and 4 Baths

4,477 Sq. Ft.

Built 2013

Private Naples Golf Community – Equity Membership

(More About This Property) – (More about Grey Oaks) – (Grey Oaks Single Family Homes) – (Grey Oaks Condos)

Shadow Wood –  22280 Banyan  Hideaway Drive– $1,599,000 (Reduced $100,000)

Single Family Home (Bonita Springs)

4 Beds and 4.5 Baths

4,406 Sq. Ft.

Built 2002

Private Bonita Springs Golf Community – Equity Membership

(More about this property) – (More about Shadow Wood) – (Shadow Wood Single Family Homes) – (Shadow Wood Condos)

Pelican Marsh – 9109 Terrabella Ct. – $1,625,000

Single Family Home (Naples)

3 Beds and 3.5 Baths

3,636 Sq. Ft.

Built 2005

Private Naples Golf Community – Equity Membership

(More about this property) – (More about Pelican Marsh) – (Pelican Marsh Single Family Homes) – (Pelican Marsh Condos)

Shadow Wood –  9275 Hallow Pine Dr. – $920,000 (Pending Contract)

Single Family Home (Bonita Springs)

4 Beds and 3 Baths

2,908 Sq. Ft.

Built 1999

Private Bonita Springs Golf Community – Equity Membership

(More about Shadow Wood) – (Shadow Wood Single Family Homes) – (Shadow Wood Condos)

Esplanade – 9150 Trivoli Terrace – $675,000 (Contract Pending)

Single Family Home (Bonita Springs)

2 Beds plus Den and 2 Baths

1,856 Sq. Ft.

Built 2016

Private Bonita Springs Golf Community – Bundled Membership

(More about Esplanade) – (Esplanade Single Family Homes) – (Esplanade Condos)

The Vineyards – 726 Regency Cir. – $445,000 (Contract Pending)

Condo

3 Beds + Den and 3 Baths

2,494 Sq. Ft.

Built 2003

Private Naples Golf Community – Equity Membership

(More about The Vineyards) – (Vineyards Single Family Homes) – (Vineyards Condos)

Begin Your Own Property Search:

January 20, 2018 Posted by Matt

Just Closed Coquina Sands Condo!

A great couple from Minnesota just closed on this amazing Coquina Sands Condo in Naples, Florida.  Located downtown, this beautiful 3 bedroom and 3 and half bathroom unit is located just a couple of blocks from the Gulf of Mexico.

345 Banyon Blvd., Naples FL 34102 – $2,350,000 Sales Price

Banyan Corners is a brand new development in a quiet neighborhood just 2 blocks to the Gulf of Mexico and its white sandy beaches.  And it’s just a short distance to Olde Naples shopping and restaurant districts.  Also, this brand new construction luxury home has a contemporary design while at the same time maintaining the casual beach feel. There are five residences in total all with 2 car garages.  And, each Coquina Sands condo has a private pool and spa surrounded by gorgeous gardens.

Additionally, the interior layouts are open with plenty of light from the floor to ceiling glass, opening onto an outdoor entertaining area. Finally, as you would expect with a luxury residence, the homes feature hardwood floors throughout, spectacular tile work in the bathrooms, and the latest in kitchen appliances along with everything you have come to expect with high quality construction in Naples.  By the way, there’s only 3 units left so if you’re interested in more information contact me right away.

More About Coquina Sands

Coquina Sands is luxury neighborhood in the city of Naples.  Located along the Gulf of Mexico and just a couple of miles from Fifth Avenue South and Third Street where residents have easy access to fine dining, shopping, art galleries and activities.  The area includes both new construction homes as well as re-sale homes.

January 19, 2018 Posted by Matt

Bonita Springs December Sales Report

Bonita Springs December Sales for Real Estate showed a significant increase in condo sales and a modest increase in single family home sales according to the Bonita Springs-Estero Association of Realtors (BEAR).  Overall, for both single family home and condos, pending sales and closed sales were up compared to December of last year. And, overall supply of homes during the same time last year decreased.

As we head into season, activity is increasing.  Buyer traffic has skyrocketed over the past month and analysts predict a very active season this year.  And, since mortgage rates continue to remain at historic lows, it’s a great time to consider purchasing a home or condo in Southwest Florida.

Bonita Springs December Sales for Single-Family Home:

Year-Over-Year Bonita Springs December Sales – Single Family Homes:

• Closed Sales increased 5.3 percent up from 95 homes sold in Dec. 2016 compared to 100 homes sold this year
• Pending Sales during December increased from 71 to 77, which is an 8.5 percent increase
• Median Sale price remained the same as last year at $370,000.
• New Listings decreased 16.8 percent from 143 last year down to 119 this December
• Inventory decreased 5.6 percent versus December last year, down from 611 to 577 homes available

Ultimately, closed sales for single family homes during the month of December showed a modest increase, up 5.3 percent compared to last December.  Additionally, pending sales increased 8.5 percent during the same time.  On the flip side, there was a significant decrease in inventory of single family homes. As a result, total inventory of single family homes continues to decrease.  With season approaching, we anticipate more homes being added to the market.  However, with the pace at which they are selling, industry experts expect inventory to continue to remain in short supply.

Bonita Springs December Condo Sales

Year-Over-Year Bonita Springs December Sales– Condos:

• Closed Sales increased 22.4 percent up from 58 homes sold in Dec. 2016 compared to 71 homes sold this year
• Pending sales in December increased from 56 to 70 which is a 25 percent increase
• Median Sales priced decreased 15.5 percent from $269,700 down to $228,000 during the same time
• New Listings increased 11.2 percent from 116 last year up to 129 this December
• Inventory increased 0.2 percent versus December last year, up from 526 to 527 homes on the market

Overall, condo sales in the Bonita Springs area showed a significant amount of activity as we head into season.  Closed sales last month increased double digits, up 22.4 percent compared to the same time last year.  Similarly, pending sales saw a significant increase, up 25 percent during the same time period.  Although there were 129 new listings added during the month, overall inventory for condos remained almost the same year-over-year.  Ultimately, as new listings come onto the market, enough condos priced correctly are selling or going to contract quickly.  As a result, inventory continues to remain relatively tight.

Bonita Springs December Home Sales Related Articles:

Florida Realtors Market Report December 2017

BEAR Market Data Report December 2017

January 19, 2018 Posted by Matt

Treviso Bay Condo Contract Pending!

A great couple just went to contract on a Treviso Bay Condo after sticking it out through 4 different offers!  Treviso Bay is a great bundled golf community in Naples Florida.  This two bedroom and two bathroom condo is located in the Alberi Acqua neighborhood and overlooks a large lake and preserve.

9179 Acqua Ct. #225, Naples FL 34113

More About TPC Treviso Bay’s Golf Club

Treviso Bay is a private golf community with an 18-hole championship golf course.  It’s the only TPC course in SWFL!  The golf course was designed by well known golf course designer Arthur Hills and opened in 2018.  The golf course offers wide open fairways with challenging greens.  Also, there are 6 sets of tees to cater to all levels of golfers.  Finally, the clubhouse at the golf course was recently completed and overlooks the 9th and 18th greens of the golf course.

Treviso Bay Real Estate

The community is surrounded by condos, coach homes and single family homes.  Prices range from 219,000 to $2,399,000.  And, it is one of the few golf course communities that offers both new construction as well as re-sale homes.  So, no matter the type of golf home you may be looking for, Treviso Bay has something for everyone.  Additionally, a 15,000 square foot amenity center is located at the center of the community and available for use by all residents.

View Single Family Homes for Sale

View Condos for Sale

January 14, 2018 Posted by Matt

November Naples Home Sales Week of the 13th

Overall, Naples Home Sales Week for November 13th shows there were 244 properties sold in Collier County up significantly from 164 last week.  Unlike last week, North Naples had the most real estate transactions. And, East Naples was a close second for the most homes sold.  Finally, the Corkscrew area had the third highest units sold for the week.  Ultimately, North Naples ended the week with  62 property sales, North Naples had 54 homes sold. And, Corkscrew finished the week with 25 properties sold which was the same as last week.

Additionally, of the 62 real estate sales in North Naples, 36 percent of them were condos, 27 percent were vacant lots and 37 percent were single family homes.  Also, in East Naples, of the 54 transactions, 63 percent were condos and 31 percent were single family homes. So, the remaining sales in East Naples were vacant lots and mobile homes.

Lastly, Corkscrew had the third highest activity with 25 real estate transactions. In particular, a majority of the property sales, 68 percent, were vacant lots. The remaining properties sold were single family homes and condos.

In summary, Naples Home Sales Week for November 13th through November 19th shows 96 condos, 90 single family homes, 57 vacant lots and 1 mobile home sold in Collier County.

Naples Home Sales Week (Nov. 13th to Nov. 19th) by zip code

City of Naples

• 34102 – 4 properties sold (1 vacant lot and 3 single family homes)

Naples Florida

• 34103 – 12 properties sold (6 single family homes and 6 condos)
• 34105 – 9 properties sold (1 vacant lot, 4 single family homes and 4 condos)

North Naples

• 34109 – 22 properties sold (8 vacant lots, 5 single family homes and 9 condos)
• 34110 – 12 properties sold (1 vacant lot, 4 single family homes and 7 condos)
• 34119 – 28 properties sold (8 vacant lots, 14 single family homes and 6 condos)

East Naples

• 34104 – 7 properties sold (3 single family homes and 6 condos)
• 34112 – 26 properties sold (4 vacant lots, 1 mobile home, 8 single family homes and 13 condos)
• 34113 – 21 properties sold (6 single family homes and 15 condos)

Eastern Collier County

• 34114 – 17 properties sold (11 vacant lots, 2 single family homes and 4 condos)

Golden Gate

• 34116 – 7 properties sold (6 single family homes and 1 condo)

Barefoot Beach

• 34134 – 3 properties sold (2 single family homes and 1 condo)

Big Cypress

• 34117 – 11 properties sold (6 vacant lots and 5 single family homes)

Coco River

• 34108 – 16 properties sold (8 single family homes and 7 condos)

Corkscrew

• 34120 –  25 properties sold (17 vacant lots, 6 single family homes and 2 condos)

Everglades City

• 1 property sold (1 vacant lot)

Goodland

• 34140 –  1 property sold (1 single family home)

Immokalee and Ave Maria

• 34142 – 7 properties sold (5 vacant lots and 2 single family homes)

Marco Island

• 34145 – 15 properties sold (1 vacant lot, 3 single family homes and 11 condos)

Collier County Real Estate Transactions Week of Nov. 13th

January 14, 2018 Posted by Matt

Events Today in Naples and Bonita Springs

We have several Events Today in Naples and Bonita Springs.  You can head to the Art Festival in Bonita.  Or, check out one of our best annual events Pets on Third Parade and Festival in downtown Naples!  If your a bird enthusiast, head to Rookery Bay for the last day of the Festival of Birds.  And, if you’re looking for some musical entertainment, head to Cambier Park for a performance by Naples Concert Band this afternoon.  No matter what you’re interested in, we have something for everyone.

SWFL Festival of Birds – 14th
9:00 AM – 4:00 PM
Rookery Bay, Naples FL
More Info call (239) 530-5940
rookerybay.org

Bonita Springs National Art Festival – 14th
10:00 AM – 6:00 PM
Riverside Park
More Info call (239) 495-8989
www.artcenterbonita.org

Naples Daily News Half Marathon – 14th
7:00 AM – 11:30 AM
Cambier Park, Old Naples and Port Royal areas
More Info call (239) 404-7007
napleshalfmarathon.net

photo provided by Gulfshorelife

Pets on Third Parade and Festival – 14th
12:00 PM – 2:00 PM
Third Street South
More Info call (239) 649-6707
www.thirdstreetsouth.com/

Naples Concert Band – 14th
2:00 PM – 4:00 PM
Cambier Park, Naples FL
More Info call (513) 582-4031

View more SWFL January Events….

Bottom Line:

Naples, Bonita Springs and Estero are great places to retire or relocate.  If you are looking for a wide variety of activities, Southwest Florida has something to match everyone’s lifestyle.

When you are ready to purchase your dream home or condo in SWFL, let me be your guide. With almost 20 years of experience I can help provide the market information and more importantly, provide insights into individual communities to help you find your needs.  And, I’ll handle all the negotiations from the first offer to the final close.

January 14, 2018 Posted by Matt