Naples December Real Estate Recap

The current Naples December real estate recap for the area showed 1,074 properties sold for just over $1.1 Billion! The highest priced property sold for $49,500,000 in Port Royal. And, the luxury market remained strong as evident by the 234 properties sold at or above $1 Million.

Ultimately, the demand for the Naples lifestyle resulted in a record setting year. Overall, closed sales increased 52 percent compared to the prior year with a total of $17 Billion in home sales. In all, there were 487,677 showings and 15,523 closed sales throughout 2021.

Due to the high buyer demand, we ended the year with the lowest number of homes available for sale on record with just 1,042 compared to 4,462 properties at the end of 2020. And the limited availability drove the median home price up from $370,000 to $445,000 and the average sales price rose from $688,091 to $807,695.

So what do we expect for 2022? We continue to see reports from experts saying price growth will slow, however, it will not decrease. In fact, the Wall Street Journal and Realtor.com just released their annul Emerging Housing Markets Index and the west coast of dominated the list. Three of the Top 10 emerging housing markets are on Florida’s Gulf Coast:

1. Naples-Marco Island, Florida
2. Sarasota-Bradenton, Florida
3. Kahului-Wailuku, Hawaii
4. San Luis Obispo, California
5. San Jose-Santa Clara, California
6. Fort Myers, Florida
7. Fort Wayne, Indiana
8. Huntsville, Alabama
9. Raleigh, North Carolina
10. Burlington, North Carolina

Lifestyle changes continue to drive buyers to destination lifestyle markets such as these emerging markets along the Gulf of Mexico. The Naples Golf Guy Team covers Naples, Marco Island, Bonita Springs, Estero, Fort Myers, Venice, Bradenton and Sarasota.

Naples Real Estate Trends

December 2021 versus December 2020 Highlights

• Closed sales decreased 24 percent compared to December of last year.
• Overall pending sales decreased 32 percent versus the same time period.
• Inventory dropped 77 percent down from 4,462 homes to 1,042 homes for sale.
• Average days on market fell 65 percent down to 27 days.

It was another active month for real estate in the Naples area. Once again, the limited inventory coupled with the high demand drove home prices up during the month. The median price of a home sold rose 26 percent over December of 2020 and up from 22.4 percent in November. The average days on market increased slightly compared to November going from 24 days to 27 days.

As you can see by the latest statistics, demand for living the good life in paradise has people relocating from all across the United States, Canada and Europe. As people look for an active outdoor lifestyle, the Gulf Coast of Florida and many of the communities offer a wide array of amenities such as Golf, Pickleball, Tennis, Bocce Ball, Fitness Center, Beach Access and an active social calendar.

Additionally, our tax-friendly policies and excellent healthcare are icing on the cake!

Bottom line? If you are buying a home in our area you’ll need to move quickly if a property presents itself. Be prepared to submit an offer within hours not days. We continue to see the best properties go to contract within 24-48 hours with multiple offers above list price. To give you a sense of how fast properties are moving, during December 38 percent of homes were under contract within 5 days of being listed.

As of today, we are down to 928 properties available for sale in the Naples area. Yet, every day there are new homes hitting the market. The Naples Golf Guy Team will work with you to identify new properties as quickly as possible. We have a team and a system for setting up alerts to notify you within minutes of a new listing hitting the market.

For those of you considering selling, it may be time to cash in on the high buyer demand will it remains strong. If you want to be sure you are maximizing the value of your home, call, text or email us today. Your property may be worth more than you realize.

What is my home worth…

Naples Luxury Home Sales in Luxury Golf Communities For December

• $8,900,000 – 6897 Grenadier Blvd. Unit1801 in Pelican Bay with 5,280 sq. ft.
• $6,670,000 – 713 Teal Ct. in Pelican Bay with 5,782 sq. ft.
• $6,500,000 – 28921 Cavell Ter. in Quail West with 9,269 sq. ft.
• $6,500,000 – 823 Brentwood Dr. in Pelican Bay with 4,421 sq. ft.
• $5,700,000 – 2148 Canna Way in Grey Oaks with 5,927 sq. ft.
• $5,500,000 – 8231 Bay Colony Dr. Unit 204 in Pelican Bay with 2,980 sq. ft.
• $5,250,000 – 5906 Sunnyslope Dr. in Quail West with 8,068 sq. ft.

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

View large single family Naples luxury homes for sale…

Considering Selling Your Naples Golf Home? Why Work with the Naples Golf Guy Team

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, text, or email us today for a complimentary market analysis – 239-370-0892.

2021 Naples December Real Estate Recap

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January 30th, 2022 Posted by NaplesGolfGuy