Naples April Real Estate Recap

Naples April Real Estate Recap

The latest Naples April real estate recap for the area showed 1,377 properties sold for just over $1.46 Billion! The largest sale was $36,000,000 for a single family home in Port Royal. Additionally, the luxury market was still strong as evident by the 358 properties sold at or above $1 Million.

The demand to live the Naples lifestyle remained strong as evident by the reduction in days on market which was down to just 16 days. Closed sales and pending sales were once again lower than this time last year due to limited inventory. There were 569 single family homes and 658 condos sold for a total of 1,377 sales during the month.

Also, properties sold at or above list price once again. Condos sold just above asking price at 101.6 percent of list price and single family homes came in at 99.8 percent of list. Similar to previous months, the median sales price rose 36 percent compared to last April.

Now for a bit of good news if you are a buyer. Inventory increased 17 percent ending the month at 1,668. And as of May 25th, there are 1,763 properties for sale. Inventory is almost double what it was in January.

Additionally, the reports showed thirty-three percent or 549 of the properties whet through a price reduction. In the past week alone, there have been 259 price reductions. To reiterate what we said last month, the price reductions do not mean prices are going below previous closed sales. These reductions are on Naples homes which were originally priced too high and seller’s are starting to adjust their prices to reflect current market conditions.

Naples Real Estate Trends

April 2022 versus April 2021 Highlights

• Closed sales decreased 36 percent compared to April of last year.
• Overall pending sales decreased 32 percent versus the same time period.
• Inventory increased 17 percent up from 1,432 homes to 1,668 homes for sale.
• Average days on market fell 71 percent down to 16 days.

Similar to January, February and March, single family homes saw a significant increase in the median price which rose 33.9 percent. Once again condos saw an even bigger increase up 44.7 percent which is great news for sellers.

However, if you are considering selling, the increase in inventory as well as the price reductions show prices have started to stabilize. While it remains a seller’s market, we are moving towards a more balanced environment. There’s still time to list your home to maximize your profits. Call, email or text us today for a FREE home evaluation – 239.370.0892.

If you are considering buying, have you signed up for our property alerts yet? Our team has a process in place to help notify clients within seconds of a new listing going live. For those looking to move forward with a home purchase in the short term, we will arrange for a virtual tour and provide an assessment of the property.

For those who just want to stay informed about specific neighborhoods, you can view properties at your leisure through our property portal. Sign up for automatic property alerts or call us and we’ll set up the alerts for you based on your criteria.

Naples Luxury Home Sales in Exclusive Golf Communities For April

• $8,500,000 – 705 Hollybriar Ln. in Pelican Bay with 5,352 sq. ft. (100% of list price)
• $7,875,000 – 1399 Great Egret Trl. in Grey Oaks with 7,610 sq. ft. (95% of list price)
• $6,550,000 – 4564 Brynwood Dr. in Quail West with 7,706 sq. ft. (94% of list price)
• $6,500,000 – 15118 Frescott Way in Mediterra with 6,626 sq. ft. (95% of list price)
• $6,500,000 – 361 Colony Dr. in Pelican Bay with 7,552 sq. ft. (96% of list price)
• $6,495,000 – 681 Katemore Ln. in Pelican Bay with 5,905 sq. ft. (100% of list price)
• $6,175,000 – 9770 Niblick Ln. in Estates at Bay Colony with 5,426 sq. ft. (100% of list price)
• $6,075,000 – 2124 Canna Way in Grey Oaks with 5,066 sq. ft. (98% of list price)
• $5,900,000 – 8171 Bay Colony Dr. Unit 1602 in Pelican Bay with 2,604 sq. ft. (101% of list price)
• $5,895,000 – 6613 Ridgewood R. in Pelican Bay with 5,572 sq. ft. (100% of list price)

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

View large single family Naples luxury homes for sale…

Considering Selling Your Naples Home?

With nearly 20 years of experience helping sellers with their golf community real estate needs, we would like to share our strategy for how we’re helping maximize the number of offers homeowners are receiving and ultimately higher sales prices.

Our team is committed to extraordinary customer service with an emphasis on detail and frequent communication.

We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. We are dedicated to making the sales process easier for you and your family.

We would very much like to meet you and learn about your home and help provide a stress-free selling environment for you and your family. As you may well know, opportunities such as today’s market for sellers only comes every so often.

Call, email or text us today for all of your real estate needs – 239.370.0892.

April 2022 Naples Real Estate Statistics

Monthly Naples Golf Guy Report – NEW!

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