The latest Naples FL housing market update showed 702 properties sold for just over $965 Million. The highest-priced sale was a penthouse in Windsor at Bay Colony for $19.5 million. Additionally, 169 of the real estate transactions for the month were at or above $1 Million.
Of the top 20 highest-priced home sales, 65 percent were in luxury golf communities including, Pelican Bay, Grey Oaks, Mediterra, Quail West, Talis Park, Tiburon, and Treviso Bay.
Overall, inventory continues to sell quickly and prices are stable in the Naples housing market. Inventory ended the month with 2,618 properties for sale which represents a 7 percent increase over the same time last year.
The increase in Naples housing inventory comes after 4 straight months of declines. Although we do keep adding new listings to our inventory, it’s just not at the pace we need to keep up with demand let alone return to a balanced market of 6-7 months’ worth of supply.
As long as supply remains low and demand strong, home prices will continue to rise.
In all, there were 372 single-family homes and 264 condos sold for a total of 702 sales during the month. Total property sales were 9.4 percent lower than the same time last year, however it was 17 percent more sales than the prior month.
The median single family price fell slightly from $715,835 last year down to $700,000 this August. The median sales price was also down from the prior month when it was $735,000 at the end of July.
Unlike single-family homes, the median condo sale price increased year-over-year. The median price for a condo was $485,000, up from $450,195 in August of 2022. Additionally, the median price was up from the previous month when it was $445,000.
Further, even though the number of days it took for a property to sell increased significantly over this time last year (74% increase), it remained the same as the prior month at 56 days. The typical number of days on market during a healthy market is 120 days which is well above the levels at the end of August.
Finally, the latest stats show there is only a little room for negotiation from the list price during August. The percent of list price received was 96.3 percent which is far better than 2 years ago when it was 98.8 percent of list price.
Bottom line, it remains a Seller’s market for BOTH condos and single-family homes. You still have time to cash in on the high buyer demand. What is my home worth…
With low inventory of existing homes for sale, there’s been a notable increase in buyers turning toward new construction. From ultra-luxury waterfront condos at The Kalea Bay to bundled golf communities such as coach homes in Talis Park there are a wide array of options available. Should I use a Realtor if I’m buying New Construction?
Whether you are buying or selling, let us help you navigate this complex market. The Naples Golf Guy team members are all REALTOR® professionals who have the expertise to provide you with timely and accurate market data. Call, email or text us today for all of your real estate needs – 239.370.0892.
New Listings in Golf Communities
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 any time to set up the alerts for you based on your criteria.
August 2023 Naples Real Estate Statistics
Naples Golf Guy Monthly Real Estate Trends
Results You Can Count On
The Naples Golf Guy Team, as seen on Forbes, is committed to 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. If you are a buyer, we are committed to helping you find the community which will allow you to live the ultimate Florida lifestyle in Paradise.
Contact Matt: Matt@NaplesGolfGuy.com
The latest Naples FL housing market update showed 702 properties sold for just over $965 Million. The highest-priced sale was a penthouse in Windsor at Bay Colony for $19.5 million. Additionally, 169 of the real estate transactions for the month were at or above $1 Million.
Of the top 20 highest-priced home sales, 65 percent were in luxury golf communities including, Pelican Bay, Grey Oaks, Mediterra, Quail West, Talis Park, Tiburon, and Treviso Bay.
Overall, inventory continues to sell quickly and prices are stable in the Naples housing market. Inventory ended the month with 2,618 properties for sale which represents a 7 percent increase over the same time last year.
The increase in Naples housing inventory comes after 4 straight months of declines. Although we do keep adding new listings to our inventory, it’s just not at the pace we need to keep up with demand let alone return to a balanced market of 6-7 months’ worth of supply.
As long as supply remains low and demand strong, home prices will continue to rise.
In all, there were 372 single-family homes and 264 condos sold for a total of 702 sales during the month. Total property sales were 9.4 percent lower than the same time last year, however it was 17 percent more sales than the prior month.
The median single family price fell slightly from $715,835 last year down to $700,000 this August. The median sales price was also down from the prior month when it was $735,000 at the end of July.
Unlike single-family homes, the median condo sale price increased year-over-year. The median price for a condo was $485,000, up from $450,195 in August of 2022. Additionally, the median price was up from the previous month when it was $445,000.
Further, even though the number of days it took for a property to sell increased significantly over this time last year (74% increase), it remained the same as the prior month at 56 days. The typical number of days on market during a healthy market is 120 days which is well above the levels at the end of August.
Finally, the latest stats show there is only a little room for negotiation from the list price during August. The percent of list price received was 96.3 percent which is far better than 2 years ago when it was 98.8 percent of list price.
Bottom line, it remains a Seller’s market for BOTH condos and single-family homes. You still have time to cash in on the high buyer demand. What is my home worth…
With low inventory of existing homes for sale, there’s been a notable increase in buyers turning toward new construction. From ultra-luxury waterfront condos at The Kalea Bay to bundled golf communities such as coach homes in Talis Park there are a wide array of options available. Should I use a Realtor if I’m buying New Construction?
Whether you are buying or selling, let us help you navigate this complex market. The Naples Golf Guy team members are all REALTOR® professionals who have the expertise to provide you with timely and accurate market data. Call, email or text us today for all of your real estate needs – 239.370.0892.
New Listings in Golf Communities
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 any time to set up the alerts for you based on your criteria.
August 2023 Naples Real Estate Statistics
Naples Golf Guy Monthly Real Estate Trends
Results You Can Count On
The Naples Golf Guy Team, as seen on Forbes, is committed to 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. If you are a buyer, we are committed to helping you find the community which will allow you to live the ultimate Florida lifestyle in Paradise.
Contact Matt: Matt@NaplesGolfGuy.com
For expert guidance in Southwest Florida real estate, contact Naples Golf Guy, Matt Klinowski P.A. Whether you’re looking to buy a single-family home or condo in Naples, Bonita Springs, Estero, Ft. Myers or Sarasota I can help. With over 20 years of experience, I offer valuable market information and insights into individual communities to help you find the perfect home and lifestyle in the best golf community to fit your needs. Reach out to me today to get started!