February 27, 2022

Naples January Real Estate Recap

The current Naples January real estate recap for the area showed 818 properties sold for just over $980 Million! The highest priced property sold for $34,995,000 in Port Royal. And, the luxury market remained strong as evident by the 182 properties sold at or above $1 Million.

Unlike last month when closed sales increased year-over-year, during January closed sales decreased 28 percent compared to the same time the prior year. On a positive note, there was a 34.5 percent increase in new listings which resulted in 19,277 more showings. The new inventory led to a 32 percent increase pending sales compared to December, yet it was still 38 percent lower than January of 2021.

While it was great to see an uptick in new listings to start the year, the amount of demand showed no sign of slowing. As quickly as homes were added to the market, they went to contract. As the normal rules of supply and demand dictate, the low inventory in Naples combined with the demand level caused the median sales price to rise 39 percent!

Yet, that doesn’t mean there isn’t opportunity. 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.

If you are considering selling, now is a great opportunity to cash in and maximize your profits. We recently listed a golf condo for sale in one of the best bundled golf communities in town and after 100 people visited the open house, multiple agent showings our seller received several offers at top dollar. Contact us today for a complementary market analysis – 239.370.0892.

Naples Real Estate Trends

January 2022 versus January 2021 Highlights

Closed sales decreased 28 percent compared to January of last year.
Overall pending sales decreased 38 percent versus the same time period.
Inventory dropped 75 percent down from 4,474 homes to 1,122 homes for sale.
Average days on market fell 70 percent down to 24 days.

While single family homes saw a significant median price increase up 25.1 percent, condos saw an even bigger increase up 47.2 percent. At the end of the month, there were 684 single family homes for sale in all of Collier County and only 438 condos for a total of 1,122. And, as of today, inventory is down another 18 percent leaving us with just 915 properties for sale. Once again, there is positive news about new listings. Within the past 24 hours, we added 70 new properties to the market.

The hottest price range was for single family homes and condos priced between $500,001 and $1,000,000. Closed sales were 71.2 percent higher year-over year. Luxury homes priced between $1M and $2M saw a 46.1 percent increase and ultra luxury homes priced above $2M saw an increase of almost 34 percent.

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 January 42 percent of homes were under contract within 5 days of being listed which was up from 38 percent in December.

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 January

$8,955,000 – 714 Kildeer Pl. in Pelican Bay with 6,479 sq. ft.
$6,600,000 – 1610 Chinaberry Way in Grey Oaks with 7,146 sq. ft.
$5,750,000 – 3987 Greentree Dr. in Pelican Bay with 5,129 sq. ft.
$4,800,000 – 2634 Bulrush Ln in Grey Oaks with 4,357 sq. ft.
$4,400,000 – 8231 Bay Colony Dr. Unit 1702 in Pelican Bay at Bay Colony with 2,760 sq. ft.
$4,400,000 – 809 Buttonbush Ln. in Pelican Bay with 3,489 sq. ft.
$3,773,000 – 6253 Highcroft Dr. in Quail West with 4,795 sq. ft.
$3,595,000 – 4205 Brynwood Dr. in Quail West with 4,133 sq. ft.
$3,250,000 – 29120 Marcello Way in Mediterra with 5,098 sq. ft.
$3,200,000 – 6041 Sunnyslope Dr. in Quail West with 3,597 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

Naples Golf Guy Team Top Producers It is a seller’s market so why should you work with a realtor? Do you have the time? There are over 180 actions required to successfully complete a real estate transaction. From scheduling showings, contract negotiations, organizing inspectors, attorneys, title companies and a mountain of paperwork.

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.

Should I Use a Realtor or Sell on My Own?