Naples July Real Estate Recap

The current Naples July real estate recap for the area showed 1,142 properties sold for just over $1 Billion during July! The highest priced property sold for $31,000,000. And, the luxury market remains strong as evident by the 206 properties sold at or above $1 Million.

Due to the low inventory and high buyer demand, the median closed price saw a significant jump, up 29 percent to $469,950 over the same time last year. Additionally, for the past three months, the percent of list price has been over 99 percent. For sellers who priced their homes at fair market value they saw their home sell quickly and at maximum dollar.

So, if you are a seller, now is the time to list your home and maximize your profits. Or, if you are a buyer, with new listings coming onto the market every day there are still opportunities to find a property.

July 2021 versus July 2020 Highlights

Closed sales decreased 3 percent compared to July of last year.
Overall pending sales decreased 22 percent versus the same time period.
Inventory dropped 77 percent down from 5,672 homes to 1,295 homes for sale.
Average days on market fell 70 percent down to 28 days.

Due to the decrease in inventory combined with the strong buyer demand, single family home sales fell 11.5 percent during the month while condo sales rose slightly, up 8.6 compared to July of 2020.

Similar to previous months, we continued to see multiple offers submitted on properties and often within hours of a new listing hitting the market.

We also saw an increase in homes pending before they were even listed on the open market. Established agents who have been in the market for years in our area have extensive networks. For example, if you are considering a golf community, we do have new listings about to come on line which and we have also have buyers ready to purchase homes in multiple golf communities.

Additionally, with almost 20 years of experience, we also have connections with membership directors throughout Southwest Florida who let us know if another agent is about to list a home. More often than not, we’ve worked with the listing agent in the past and it gives us the opportunity to to connect with the agent about their upcoming listing.

So, if you are considering purchasing a home, let’s connect. We have the network and the experience in finding off market listing and negotiating deals with multiple offers. Keep in mind, you will need to be prepared to move quickly if you see something you are interested in purchasing.

If you’re considering selling, let’s connect to discuss your home’s value in today’s market. It is likely worth more than you think.

What is my home worth…

Real Estate Market Snapshot for Naples Luxury Homes

Larger homes with plenty of space for a home office and plenty of space for the entire family continue to drive significant activity in the luxury real estate market. Single family homes and condos with at least 4 bedrooms saw significant increases in activity. The number of single family homes with 4 plus bedrooms rose 70.8 percent and condos rose a whopping 220 percent!

Luxury homes above $2 million saw a 135.4 percent increase sales compared to the same time last year. And homes priced between $1 million and $2 million also saw a significant increase in sales with a 107.1 percent increase in closed sales.

The Top Ultra Luxury home sales in Naples Golf Communities For June

$8,800,000 – 6897 Grenadier Blvd. Unit 1701 in Pelican Bay with 5,280 square feet
$7,477,560 – 6954 Greentree Dr. in Pelican Bay with 5,872 square feet
$4,125,000 – 4431 Wayside Dr. in Quail West with 4,966 square feet
$6,600,000 – 8473 Bay Colony Dr. Unit 303 in Pelican Bay with 3,200 square feet
$3,765,000 – 4430 Wayside Dr. in Quail West with 6,568 square feet
$3,675,000 – 1649 Chinaberry Way in Grey Oaks with 4,631 square feet

View large single family homes for sale in Naples golf communities…

View large single family Naples luxury homes for sale…

July Naples Real Estate Market Reports

Naples Golf Guy Newsletter – NEW!

July 2021 Naples Area Real Estate Statistics

Begin Your Own Search for a Naples Vacation Home or Second Home:

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

There are more than 150 different golf communities in our area and most of them have a private golf course within the community. It can be challenging to navigate the plethora of communities, membership options, golf course design, amenities and more. We will help provide you with a list of the top private golf communities which match your lifestyle.

Lastly, we will handle all contract negotiations via paperless transactions for your property from offer to close!

Bottom Line:

NaplesGolfGuy offers private client advisory services with an emphasis on detail. Professionalism, integrity and discretion are not goals, they are standards. We are dedicated to exploring, experiencing and navigating the very best in luxury living for our clients.