Why the Sandwich Generation Is Buying Multi-Generational Homes

Are you a part of the Sandwich Generation? According to Realtor.com, that’s a name for the roughly one in six Americans who take care of their children and their parents or grandparents at the same time.

If that sounds familiar to you, juggling all the responsibilities involved certainly must have its challenges. But it turns out there’s one pretty significant benefit: it can actually make it a bit easier for you to buy a home.

How Can It Help You Buy a Home?

Realtor.com asked members of the Sandwich Generation if they agree or disagree that taking care of children and parents at the same time is helping them afford a home. A third of respondents said their situation made it easier to buy (see graph below):

Here are a few ways their caretaking situation might be helping those 33% buy a home:

• Sharing Expenses: If you live in a multi-generational household, you can pool your resources and split the costs. Your parents might contribute to the mortgage or help with other bills. This can make a big difference, especially in today’s housing market. It may help you afford a larger home than you could on your own.
• Built-In Childcare: Having grandparents in the home could also save you money on childcare. They can help watch your kids while you’re at work, which means you can save on daycare costs too.

Beyond just the financial reasons, buying a multi-generational home has other advantages. The Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) highlights some of the most popular, including:

• Easier To Care for Aging Parents: It’s more convenient to take care of someone when you live with them. Also, your elderly parents may very well be happier and healthier, thanks to more social interaction and a feeling of connectedness.
• Spending More Time Together: Once you live together, you get to spend more time and create even more lasting memories with your loved ones.

The Mortgage Reports sums it up this way:

“Buying a house with your parents can be a great way to ease caregiving, support young children, or simply bring loved ones closer together. And considering the steep rise in home prices over the last few years, it can make homeownership a lot more affordable.”

How a Real Estate Agent Can Help

If you’re in the Sandwich Generation and thinking about buying a multi-generational home, working with a local real estate agent is essential. Finding a home that works for so many people can be tricky. An agent will use their expertise to help you find one that meets the needs of, and has enough space for, everyone who’s going to live there.

Bottom Line

Being a part of the Sandwich Generation comes with its challenges – but it also might come with one truly great perk. If you’re looking to buy a home, your caregiving situation can actually make it a bit easier for you to afford a home. To learn more, let’s connect.

August 2nd, 2024 Posted by Matt

Terra Verde Home Sold in Grey Oaks

Another Terra Verde home sold to a fantastic couple from Canada! This spacious condo is nestled within Naples, Florida’s prestigious Grey Oaks Country Club.

2405 Terra Verde Ln #2405  Naples, FL – Sales Price $2,150,000

Learn More About Terra Verde Home:

This beautifully renovated 2nd-floor unit is light and bright. The kitchen features quartz countertops combined with KitchenAid stainless steel appliances including an induction stove and wine cooler. Further, the bathrooms were fully renovated with quartz countertops, new cabinets and upgraded showers.

Best of all, you can lock it and leave the unit and all the exterior maintenance is included.

• 3 Bedrooms
• 3 Bathrooms
• 2,699 Square feet under air
• Built in 2000

Finally, are you considering buying or selling in Grey Oaks? Let’s connect – 239-370-0892.

More about Grey Oaks:

Grey Oaks Country Club is a private golf club located in Naples Florida. It is one of only two clubs in the area with three magnificent golf courses.  This exclusive golf community offers the ultimate country club lifestyle for active, healthy, resort-style living.

Additionally, The Pine Course features rolling berms and varied elevations and is rated as one of the Top 5 Toughest courses in Florida. The Palm Course uses water, island greens, lagoons, and coconut palms to create a tropical layout. Lastly, the third course is the Estuary which is a target golf course with lakes bordering every fairway.  So, I recommend bringing an extra sleeve or two of golf balls!

In addition to world class golf and practice facilities, Grey Oaks offers residents a state-of-the-art fitness center and spa, Har-Tru Tennis Courts, Pickleball Courts, Bocce Courts and Resort-Style Pool.

The community offers a wide variety of property types to suit your lifestyle. From single family homes, to coach homes to villas.

Learn more about Grey Oaks…

Talis Park Corsica Home Sold

Another Talis Park Corsica home sold to a wonderful couple! The epitome of luxury living, this spacious coach home in Talis Park is nestled in a world-class golf community in North Naples.

16346 Corsica Way S. Unit 102 Naples, FL 34110 – Sales Price $1,542,000

Learn More About This Talis Park Corsica Home:

This 1st floor unit with volume ceilings has a wide open floorplan. This first-floor coach home lives like a single-family home. Best of all, you can lock it and leave the unit and all the exterior maintenance is included.

A CHEF’s DREAM KITCHEN with oversized island, KitchenAid stainless steel appliances including a NATURAL GAS stove. The oversized kitchen island leads to the dining and living area providing plenty of room for entertaining..

Finally, the lanai’s outdoor kitchen includes a natural gas grill, with a private lanai overlooking a serene lake and offers plenty of privacy.

• 3 Bedrooms
• 3.5 Bathrooms
• 2,532 Square feet under air
• Built in 2019

Call us today for a private tour at 239.370.0892.

More about Talis Park:

Greg Norman and Pete Dye designed Talis Park’s AWARD WINNING golf course. Additionally, those with a golf membership will enjoy world-class practice facilities including a full grass driving range, two short game areas and putting green. Recently, the club added an indoor Trackman Golf Simulator.

Further, the golf course features 133 acres of manicured turf and is just over 7,000 yards from the tips.

Also, 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.

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.

Trends in Southwest Florida Gulf Coast Golf Communities

Your go-to resource for Southwest Florida Gulf Coast golf community real estate trends for Naples, Bonita Springs, Estero, Fort Myers, Bradenton, Lakewood Ranch, and Sarasota.

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.

Southwest Florida Gulf Coast Golf Communities – Single Family Homes

NAPLES Florida Golf Community Real Estate Trends – Single Family Homes

Audubon Country Club – 9 properties for sale, 22 properties closed over the past 12 months and average sales price $2,569,773

Collier’s Reserve – 1 property for sale, 15 properties closed over the past 12 months and average sales price $2,982,559

Greyhawk at GC of the Everglades – 12 properties for sale, 20 properties closed over the past 12 months and average sales price $1,448,312

Grey Oaks – 17 properties for sale, 43 properties closed over the past 12 months and average sales price $4,625,709

Kensington – 3 properties for sale, 9 properties closed over the past 12 months and average sales price $1,613,444

Lely Resort – 30 properties for sale, 90 properties closed over the past 12 months and average sales price $1,390,882

Mediterra – 25 properties for sale, 22 properties closed over the past 12 months and average sales price $4,383,753

Olde Cypress – 9 properties for sale, 26 properties closed over the past 12 months and average sales price $1,622,842

Pelican Bay – 27 properties for sale, 18 properties closed over the past 12 months and average sales price $5,286,667

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

Pelican Marsh – 12 properties for sale, 31 properties closed over the past 12 months and average sales price $1,906,710

Quail Creek – 11 properties for sale, 17 properties closed over the past 12 months and average sales price $2,726,176

Quail West – 11 properties for sale, 46 properties closed over the past 12 months and average sales price $4,809,174

Talis Park – 3 properties for sale, 8 properties closed over the past 12 months and average sales price $4,621,833

Tiburon – 2 properties for sale, 11 properties closed over the past 12 months and average sales price $3,714,091

Treviso Bay – 2 properties for sale, 17 properties closed over the past 12 months and average sales price $2,344,868

Vineyards – 21 properties for sale, 41 properties closed over the past 12 months and average sales price $1,352,047

BONITA SPRINGS Florida Golf Community Real Estate Trends – Single Family Homes

Bonita Bay – 21 properties for sale, 50 properties closed over the past 12 months and average sales price $2,460,860

Palmira – 10 properties for sale, 29 properties closed over the past 12 months and average sales price $1,012,871

Pelican Landing – 8 properties for sale, 35 properties closed over the past 12 months and average sales price $1,456,026

Pelican Landing (The Colony) – 3 properties for sale, 8 properties closed over the past 12 months and average sales price $2,439,375

ESTERO Florida Golf Community Real Estate Trends – Single Family Luxury Homes

Miromar Lakes – 23 properties for sale, 33 properties closed over the past 12 months and average sales price $2,767,679

Pelican Sound –  0 properties for sale, 6 properties closed over the past 12 months and average sales price $1,121,150

Shadow Wood – 5 properties for sale, 42 properties closed over the past 12 months and average sales price $1,670,429

West Bay Club – 4 properties for sale, 12 properties closed over the past 12 months and average sales price $1,826,772

FORT MYERS Florida Golf Community Real Estate Trends – Single Family Luxury Homes

Gulf Harbour Yacht and Country Club – 5 properties for sale, 17 properties closed over the past 12 months and average sales price $1,657,059

The Forest – 9 properties for sale, 24 properties closed over the past 12 months and average sales price $679,083

BRADENTON Florida Recent Golf Community Real Estate Trends – Single Family Luxury Homes

Concession – 10 properties for sale, 15 properties closed over the past 14 months and average sales price $3,746,914

Founders Club – 7 properties for sale, 10 properties closed over the past 9 months and average sales price $2,542,063

Esplanade at Lakewood Ranch – 25 properties for sale, 67 properties closed over the past 12 months and average sales price $1,014,619

Esplanade at Azario – 18 properties for sale, 92 properties closed over the past 12 months and average sales price $1,138,157

SARASOTA Florida Golf Community Real Estate Trends – Single Family Luxury Homes

TPC Prestancia – 9 properties for sale, 18 properties closed over the past 12 months and average sales price $1,154,639

Southwest Florida Gulf Coast Golf Community Trends – Condos

NAPLES Florida Golf Community Real Estate Trends –  Condos

Audubon Country Club – 4 properties for sale, 2 properties closed over the past 12 months $1,687,000

Grey Oaks – 2 properties for sale, 19 properties closed over the past 12 months and average sales price $2,962,579

Hammock Bay – 32 properties for sale, 29 properties closed over the past 12 months and average sales price $752,155

Kensington – 3 properties for sale, 22 properties closed over the past 12 months and average sales price $892,727

Lely Resort – 66 properties for sale, 128 properties closed over the past 12 months and average sales price $595,087

Mediterra – 10 properties for sale, 22 properties closed over the past 12 months and average sales price $2,258,068

Pelican Bay – 126 properties for sale, 251 properties closed over the past 12 months and average sales price $2,004,432

Pelican Marsh – 15 properties for sale, 52 properties closed over the past 12 months and average sales price $830,798

Talis Park – 10 properties for sale, 27 properties closed over the past 12 months and average sales price $1,610,629

Tiburon – 10 properties for sale, 17 properties closed over the past 12 months and average sales price $1,563,294

Treviso Bay – 18 properties for sale, 71 properties closed over the past 12 months and average sales price $610,531

Vineyards – 28 properties for sale, 78 properties closed the over past 12 months and average sales price $705,586

BONITA SPRINGS Florida Golf Community Real Estate Trends – Condos

Bonita Bay – 66 properties for sale, 155 properties closed over the past 12 months and average sales price $1,420,238

Palmira – 2 properties for sale, 19 properties closed over the past 12 months and average sales price $661,658

Pelican Landing – 17 properties for sale, 50 properties closed over the past 12 months and average sales price $596,270

Pelican Landing (The Colony) – 43 properties for sale, 44 properties closed over the past 12 months and average sales price $1,323,938

ESTERO Florida Golf Community Real Estate Trends – Condos

Miromar Lakes – 24 properties for sale, 33 properties closed over the past 12 months and average sales price $1,154,149

Pelican Sound – 8 properties for sale, 38 properties closed over the past 12 months and average sales price $621,116

Shadow Wood – 9 properties for sale, 23 properties closed over the past 12 months and average sales price $700,370

West Bay Club – 18 properties for sale, 21 properties closed over the past 12 months and average sales price $811,667

FORT MYERS Florida Golf Community Real Estate Trends – Condos

Gulf Harbour Yacht and Country Club – 43 properties for sale, 80 properties closed over the past 12 months and average sales price $813,434

The Forest – 22 properties for sale, 42 properties closed over the past 12 months and average sales price $321,736

BRADENTON Florida Golf Community Real Estate Trends – Condos

Esplanade at Lakewood Ranch – 13 properties for sale, 13 properties closed over the past 12 months and average sales price $499,269

Esplanade at Azario – 5 properties for sale, 32 properties closed over the past 12 months and average sales price $554,511

SARASOTA Florida Golf Community Real Estate Trends – Condos

TPC Prestancia – 4 properties for sale, 7 properties closed over the past 12 months and average sales price $569,071

Esplanade at Azario New Construction

Congratulations to our three different clients with Esplanade at Azario New Construction Homes under contract! Partnering with the Naples Golf Guy Team ensures a smooth and efficient construction process for our buyers.

Even though many of our clients are not physically present in Florida during the construction phase, they can trust us to provide continuous updates and progress photos of their homes.

Acting as their trusted representatives, we prioritize communication and transparency, offering peace of mind with our motto, “We are your eyes and ears in Florida!”

It is crucial to have dedicated representation, especially in new construction projects, and our team excels in guiding clients through every decision, from selecting the ideal golf community to choosing the perfect floor plan and lot.

Let us be your on-the-ground support, ensuring a seamless real estate experience from start to finish.

Learn More about Esplanade at Azario New Construction at Lakewood Ranch

Esplanade at Azario in Lakewood Ranch offers a variety of new construction home options designed to cater to diverse lifestyles and preferences. Here are some of the key features and home options available in this community:

Home Types and Models

1. Single-Family Homes: These spacious homes come in various floor plans, offering multiple bedrooms and bathrooms, gourmet kitchens, open living areas, and ample outdoor spaces.
2. Detached Villas: These are smaller, more manageable homes that still offer plenty of living space and high-end finishes, perfect for those seeking a low-maintenance lifestyle.

Key Features

• Modern Designs: Homes are designed with contemporary aesthetics and modern conveniences, including energy-efficient appliances, smart home technology, and premium materials.
• Customization: Buyers can often customize certain aspects of their homes, such as finishes, fixtures, and landscaping, to suit their personal preferences.

Community Amenities

• Resort-Style Amenities: The community features a variety of resort-style amenities, including a large clubhouse, fitness center, swimming pool, spa, and tennis courts.
• Golf Course: Esplanade at Azario boasts an 18-hole championship golf course, providing residents with ample opportunities for recreation and socializing.
• Social Activities: A full calendar of events and activities is available, from fitness classes to social gatherings, ensuring there’s always something to do.

Location Benefits

• Convenient Location: Located in the heart of Lakewood Ranch, residents have easy access to shopping, dining, and entertainment options, as well as top-rated schools and healthcare facilities.
• Natural Beauty: The community is designed to blend with the natural surroundings, featuring lush landscaping, scenic lakes, and walking trails.

Esplanade at Azario in Lakewood Ranch offers a blend of luxurious living, modern conveniences, and a vibrant community atmosphere. Ultimately, making it an attractive option for those seeking a new home in this desirable area.

June Sarasota Housing Trends

The latest June Sarasota housing trends showed real estate is thriving with 975 properties sold for a total of over $641 Million in the county, including North Port, Sarasota, and Bradenton areas.

Sarasota remains a top destination for those looking to relocate, as evidenced by its population growth, which now exceeds 23 million residents. Projections show a robust annual growth of 319,109 people over the next four years, underscoring the city’s appeal.

In CNBC’s latest annual report on The Best States to Buy and Sell a Home, Florida ranks at the top, highlighting the state’s dynamic real estate market. The Greater Sarasota area, in particular, attracts those seeking luxurious living combined with a wide array of activities. From world-class golfing and beautiful beaches to cultural attractions and a vibrant arts scene, Sarasota has something for everyone.

Moreover, Sarasota boasts some of the finest healthcare in Southwest Florida. US News & World Report recently placed Sarasota National Hospital as the fifth-best hospital in the state. With accolades like this, it’s no wonder people are choosing Sarasota as their home.

Talis Park Corsica Home Under Contract

Another Talis Park Corsica home under contract! Working with the Naples Golf Guy, our clients are buying this spacious coach home in Talis Park, a world-class golf community in North Naples.

16346 Corsica Way S. Unit 102 Naples, FL 34110 – List Price $1,699,900

Learn More About This Talis Park Corsica Home:

This 1st floor unit with volume ceilings has a wide open floorplan. This first-floor coach home lives like a single family home. Best of all, you can lock it and leave the unit and all the exterior maintenance is included.

A CHEF’s DREAM KITCHEN with oversized island, KitchenAid stainless steel appliances including a NATURAL GAS stove. The oversized kitchen island leads to the dining and living area providing plenty of room for entertaining..

Finally, the lanai’s outdoor kitchen includes a natural gas grill, with a private lanai overlooking a serene lake and offers plenty of privacy.

• 3 Bedrooms
• 3.5 Bathrooms
• 2,532 Square feet under air
• Built in 2019

Call us today for a private tour at 239.370.0892.

More about Talis Park:

Greg Norman and Pete Dye designed Talis Park’s AWARD WINNING golf course. Additionally, those with a golf membership will enjoy world-class practice facilities including a full grass driving range, two short game areas and putting green. Recently, the club added an indoor Trackman Golf Simulator.

Further, the golf course features 133 acres of manicured turf and is just over 7,000 yards from the tips.

Also, 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.

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.

June Real Estate Activity for Naples Florida

The most recent June real estate activity reports revealed a total of 710 properties were sold, amounting to just over $800 Million in sales for the month. Notably, the highest-priced sale was a Gulf-Front estate in Port Royal which fetched $18,000,000.

Furthermore, the Naples luxury real estate market saw a notable number of high-value transactions, with 186 properties sold at or above $1 million.

The overall inventory at the end of the month stood at 4,680 properties for sale, marking a substantial 59 percent increase compared to the same period last year. However, it fell 6.8 percent from the previous month. The decline in inventory is typical for this time of year as many Sellers will remove their properties from the market and wait until the fall.

Florida remains a leading destination for those looking to relocate, with the population now exceeding 23 Million residents, according to state officials. Additionally, projections show a strong annual growth of 319,109 people over the next four years.

In CNBC’s latest annual report on The Best States to Buy and Sell a Home, Florida ranks at the top, highlighting the state’s dynamic real estate market.

It’s not just individual buyers who are eyeing Florida; home builders are making significant investments, purchasing multi-million dollar parcels of land in anticipation of the state’s continued expansion. The future looks promising for Florida’s thriving communities and growing opportunities.

June Real Estate Activity

June 2024 versus June 2023 Highlights

• Closed sales decreased 17 percent compared to June of last year.
• Overall pending sales decreased 11 percent versus the same time in 2023.
• Inventory increased 59 percent up from 2,943 homes up to 4,680 homes for sale.
• Average days on market increased 56 percent up to 78 days compared to June of 2023.

In the month of May, a total of 710 properties were sold in the real estate market, consisting of 361 single-family homes and 349 condos. This marked a 17 percent decrease in sales compared to the previous year.

Year-over-year, the median price for single-family homes fell to $730,000 from $752,500. On the flip side, the median sales price for condominiums rose from $481,500 last June up to $485,000 in June of this year.

Additionally, the average number of days it took for a property to go to contract saw a notable increase from 67 to 78 days between May and June. However, this figure still falls short of the typical 120 days seen in a normal market.

Sales activity during the off-season summer months are historically lower than sales activity during season. Thus, sellers must set the right prices to stay competitive in today’s market. In fact, we saw 1,351 price reductions during the month as sellers aligned with the current pricing levels in their neighborhoods.

When it comes to navigating the intricate real estate market, whether you are buying or selling, the Naples Golf Guy team is here to assist you. Our team consists of dedicated REALTOR® professionals who possess the knowledge and experience to offer you precise and up-to-date market information.

Feel free to reach out to us via phone, email, or text at 239.370.0892 to fulfill all your real estate requirements.

Top 10 Luxury Naples Golf Home Sales in June

• $6,930,000 – 6439 Dunberry Ln. in Quail West with 7,390 sq. ft. (91% of list price)
• $6,300,000 – 5967 Sunnyslope Dr. in Quail West with 4,855 sq. ft. (97% of list price)
• $6,250,000 – 8231 Bay Colony Dr. Unit 1401 in Pelican Bay with 3,380 sq. ft. (90% of list price)
• $4,950,000 – 2351 Alexander Palm Dr. in Grey Oaks with 5,302 sq. ft. (100% of list price)
• $4,875,000 – 2064 Isla Vista Ln. in Grey Oaks with 3,700 sq. ft. (95% of list price)
• $4,850,000 – 10842 Est Cortile Ct. in Mediterra with 5,579 sq. ft. (92% of list price)
• $4,195,000 – 1560 Marsh Wren Ln. in Grey Oaks with 3,477 sq. ft. (100% of list price)
• $4,000,000 – 705 6597 Nicholas Blvd. Unit 1501 in Pelican Bay with 3,275 sq. ft. (95% of list price)
• $3,600,000 – 7932 Grand Bay Dr. Unit 26 in Pelican Bay with 3,284 sq. ft. (92% of list price)
• $3,600,000 – 6368 Burnham Rd. in Quail West with 3,518 sq. ft. (92% of list price)

New Listings in Golf Communities

So, 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 at any time to set up the alerts for you based on your criteria.

Lee County June Housing Market Report

The Lee County June Housing Market reports showed 1,563 properties sold for just over $803 Million during the month in Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel, and surrounding areas.

The luxury market saw 106 properties sold at or above $1 Million in May, down from 179 in May. The highest-priced sale was a single-family home in Miromar Lakes for $5,600,000.

While golf home sales experienced a slight dip compared to the previous month, they still accounted for an impressive 50% of the top ten highest-priced homes in Lee County. Notably, these golf home sales continued to lead the real estate market, particularly in the Mediterra, Miromar Lakes and Bonita Bay areas. In these coveted locales, five of the most expensive homes sold ranged from $2,800,000 to $5,600,000.

These figures highlight the enduring allure of golf communities among luxury homebuyers and the sustained demand for high-end properties in desirable locations. The continued prominence of golf home sales in the market underscores their significant appeal and the ongoing interest in premium real estate within these prestigious areas.

Florida continues to be a top destination for those looking to relocate, and the numbers speak for themselves. State officials have proudly announced that the population has exceeded 23 Million residents. Moreover, projections indicate a robust annual growth of 319,109 people over the next four years.

Excitingly, CNBC’s latest annual report on The Best States to Buy and Sell a Home ranks Florida at the very top! This recognition underscores the state’s dynamic real estate market.

It’s not just individual buyers who are eyeing Florida; home builders are making substantial investments, purchasing multi-million dollar parcels of land in anticipation of the state’s continued expansion. The future is bright for Florida’s thriving communities and burgeoning opportunities.

Lee County June Housing Market Report – Single-Family Homes

June 2024 versus June 2023 Single Family Home Highlights:

• Closed sales decreased 9 percent going from 1,311 transactions down to 1,193 sales.
• Pending sales decreased 10.5 percent down from 1,376 last June to 1,232 this June.
• Inventory increased 83.1 percent up to 8,243 properties for sale compared to this same time last year when 4,501 homes were for sale.
• New listings decreased from 1,622 up to 1,566 which was a 3.5 percent decline.
• Median days on market increased to 53 days, a 51.4 percent increase, versus June of 2023.
• Single-family home inventory ended June with a 7.2 months supply of homes available for sale, up from a 4.1 months supply during June of 2023.

While inventory of single-family homes was up significantly over last year, it only increased 1.1 percent over the previous month. Ultimately, the month ended with a 7.2 month supply of homes for sale, which was up from a 7 months supply in May.

For the second month in a row, the median sales price decreased over the same time last year. In the same way, the price decreased from $415,000 in May down to $400,000 in June. Thus, from a buyer’s perspective, there continued to be more options to choose from than in the prior month.

Additionally, prices vary by neighborhood. A key factor is the available inventory within the neighborhood. As inventory increases, prices tend to go down presenting buyers with more opportunities.

The number of days from listing a home to contract increased slightly from 50 days during the previous month up to 53 days in June. Once again, it was still a notable increase over the prior year when it was just 35 days. So, if you are considering selling, it’s critical to price your home competitively from day one. Not sure what your home is worth? Call, email, or text us for a FREE market analysis – 239.370.0892.

Or, if you are planning to buy 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 communities fit your lifestyle? Contact us and we’ll help you target the neighborhoods that offer the amenities and lifestyle you would like to enjoy.

Lee County June Housing Market Report – Condos and Townhomes

June 2024 versus June 2023 Condo Highlights:

• Condo sales decreased 25.7 percent going from 498 real estate transactions down to 370 sales.
• Pending sales decreased 30.9 percent down from 608 last June down to 515 this June.
• Inventory increased 119.2 percent up to 4,351 condos for sale compared to last June when there were only 1,985 units for sale.
• New listings decreased from 771 down to 783 which was a 15.3 percent drop.
• Median days to contract was 66 days which represented a 94.1 percent increase versus June of 2023.
• Condo inventory ended June with a 10.3 months supply of properties available for sale or a 139.5 percent increase over last year.

Ultimately, Lee County finished the month with a 10.3-month supply of condos for sale, up from a 10-month supply during the prior month. So, it is a buyers’ market if you plan to purchase a condo in Lee County.

 

Interestingly, inventory remained the same as the prior month. Yet, the month’s supply of inventory increased due to a decline in pending sales. If you’re a buyer, the increased condo supply is good news as there are more options available. If you are a seller, you should assess the other properties available to ensure you are in line with the current market value.

 

Once again, days on market increased month-over-month from 55 days in May up to 66 days in June. Similarly, it was still well above last year when it only took 34 days for a property to go to contract.

 

Also, the median condo price ended the month at $348,500 which was up from the prior year when it was $325,999. It was also up from the prior month when it was $340,000.

 

Finally, 60 percent of condo transactions were cash sales which was the same percentage during the previous month. Therefore, if you plan on leveraging a loan for your condo purchase, be aware you’re still competing with cash buyers.

 

Regardless of when you plan to purchase now or sometime in the future if you are a buyer, it may be time to take 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. Additionally, we will 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 May Housing Market Report

2024 Lee County June Housing Market Report – Single Family Homes

2024 Lee County June Housing Market Report Condos

Naples Golf Guy Monthly Newsletter

Recently Listed Golf Properties

Ready for a Florida Vacation Home or Second Home?

If you’re ready to find your dream home or condominium in Southwest Florida, we invite you to explore our website for comprehensive information about the local communities. For golf enthusiasts, we specialize in real estate within golf communities.

With over 200 different golf communities in the area, navigating the various membership options, golf course designs, and amenities can be overwhelming. We will provide you with a curated list of the top private golf communities that align with your lifestyle.

Considering new construction? Keep in mind that the contractor’s real estate agent represents the builder’s interests, not yours. Our representation can help you save money and negotiate for extras.

We also handle all contract negotiations through paperless transactions, ensuring a smooth process from offer to close.

Results You Can Count On

The Naples Golf Guy Team, as seen on Forbes, will provide extraordinary customer service with an emphasis on detail. Professionalism, integrity and discretion are not goals, they are standards. We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. Or, for buyers, we will help you find the community that will offer the ultimate Florida lifestyle in Paradise.

About Naples Golf Guy

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Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

July 26th, 2024 Posted by Matt

 Southwest Florida Golf Properties Just Listed

Preview Southwest Florida golf properties just listed for sale in Naples, Bonita Springs, Estero, Fort Myers, Bradenton, and Sarasota! Are you ready to buy or sell a luxury golf home in Southwest Florida?

There are more than 200 golf courses in southwest Florida. Over 90% of these golf courses require you to be a resident or purchase a social or golf membership. From private equity golf clubs to bundled golf communities, we have a home or condo that will fit your lifestyle.

Also, if you’re wondering why you should choose Southwest Florida, in addition to significant tax advantages (did I mention there is no state income tax, low property taxes, and no inheritance tax?), we have perfect weather and an abundance of outdoor activities, shopping, and dining to suit everyone’s lifestyle.

So, whether you are considering relocating to our area or you are looking to buy your dream home, a second, third, or fourth home, check out some of the Top Private Golf Clubs and golf homes for sale in Southwest Florida Golf Communities on the market today!

SOUTHWEST FLORIDA GOLF COMMUNITY PROPERTIES FOR SALE

NAPLES Golf Community Properties for Sale

BONITA SPRINGS Golf Community Properties for Sale

ESTERO Recently Golf Community Properties for Sale

FORT MYERS Golf Community Properties for Sale

BRADENTON Golf Community Properties for Sale

SARASOTA Golf Community Properties for Sale

Which Golf Community is Right for You?

With more than 200 golf communities in Southwest Florida, finding the perfect one to call home doesn’t just feel intimidating, it is. Different golf clubs offer different amenities, courses, and lifestyles. So, to discover what truly feels right for you requires an insider’s perspective.

From private equity golf clubs to bundled golf communities, we have a home or condo that will fit your lifestyle. With more than 20 years of experience, we can help narrow down the list of communities to those that fit your lifestyle and housing options. We will help turn the process into an easy and enjoyable one.

Our vast relationships with all the golf communities from Naples to Sarasota allow us to serve our clients by providing relevant and current information about various golf communities in Southwest Florida. We’ll help you understand the difference between our bundled golf communities and our equity/non-equity golf communities. There are advantages and disadvantages to each type of membership and community.

Once we know how often you play, other desired club amenities, property type, and a desired 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. Let’s get started, call 239.370.0892 or email us today.