March Naples Market Report

According to the March Naples Market Report, real estate activity set new records. There were 1,851 properties sold for a staggering $1,582,474,997! Yes, that’s just over $1.5 BILLION in total sales volume. Buyers continue to flock to Naples to escape cold weather winters and high taxes.

The highest priced home sold for $17,950,000 in Port Royal. Overall, there were 360 properties sold at or above $1 Million.

Pending sales also broke records, up by 152.7 percent compared to the same time last year. Due to the increase in both pending and closed sales, overall inventory is even lower than last month. Despite the reduction in inventory, new listings continue to come to market just not at a pace to keep up with demand. However, more housing supply is finally on the horizon according to a recent survey of more than 100 economists.

March 2021 versus March 2020 Highlights

Closed sales increased 57 percent compared to March of the previous year.
Overall pending sales increased from 977 properties up to 2,469 or a 153 percent jump over last March.
Inventory dropped 73 percent down from 6,795 homes to 1,819 homes for sale.
Average days on market fell 31 percent down to 67 days.

Similar to last month, condos led the way with a 72 percent increase in closed sales. Single family home sales also showed a significant increase, up 57 percent compared to the same time last year. The increase in sales combined with low inventory has led to higher prices, with the median sales price increasing 12 percent. We remain in a seller’s market with just a 1.6 month’s supply of properties available on the market.

Also, the percent of list price for closed sales hit 98 percent for single family homes and 97.2 percent for condos. It is not uncommon for a property to be sold at or above list price. An experienced agent will provide you with information about similar properties which have sold in the area and help you determine the offer price for your desired home. Most importantly, they will be able to help negotiate on your behalf. So, if you are considering a home purchase, let us be your guide.

How Much Should I Offer on a House?

For those of you considering selling, now is an excellent time to list your home for sale. Homeowners are maximizing their profits and you may be surprised to learn how much your home is worth. If you’re ready to take advantage of today’s seller’s market, let’s connect to discuss your homes value.

What is my home worth…

New Construction in Naples Golf Communities

Builders are also recording record sales. Similar to resales, there are often more buyers than new homes available. An agent can help you put your best foot forward to increase your chances of submitting a winning bid.

Before you go it alone on a new construction property, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost to you to have an agent represent you.

There are only a few golf communities still offering new construction homes. To learn more about those communities, contact NaplesGolfGuy at 239-370-0892.

Do I need a Realtor if I’m Buying New Construction?

Naples Luxury Real Estate Market

For the third month in a row, the Naples Luxury real estate market saw the strongest activity in closed sales. Homes priced between $1 million and $2 million saw a 50.2 percent increase up from 43.5 percent during the previous month. Additionally, homes priced above $2 million saw an even larger increase in closed sales with a 67.7 percent increase year over year.

Properties with at least four bedrooms or more remain at the top of the wish list for luxury buyers.

Ultra Luxury home sales in various Naples Golf Communities continue to set records as well this year. Toping the list:

$7,850,000 – 9766 Bentgrass Bend in Estates at Bay Colony Golf Club with 13,891 square feet
$7,255,000 – 1275 Osprey Trail in The Estuary at Grey Oaks with 8,259 square feet
$6,025,000 – 1821 Plumbago Way at Grey Oaks with 6,322 square feet
$5,200,000 – 17016 Treviso Way at Mediterra with 8,646 square feet
$4,750,000 – 2915 Indigobush Way in The Estuary at Grey Oaks with 7,727 square feet

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

View large single family Naples luxury homes for sale…

March Naples Market Report

March 2021 Naples Real Estate Statistics

Naples Golf Guy Monthly Report – NEW!

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 condominium 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.