Naples Luxury Housing Market

Naples Luxury Housing Market Update

The Naples Luxury housing market continues to be a top destination for wealthy home buyers. What’s driving the demand?

First, over the past year and a half, we’ve seen a significant increase in wealth driven by gains in the stock market, higher 401(k) plans and even cryptocurrency. In fact, the number individuals with a net worth of $5 million and up who own real estate in the $1 million to $5 million price range has increased 180% over a three-year period.

Nationwide luxury homes purchased between January and August 2021 in this range increased 142% for single-family homes and 129% for attached properties compared to the same period in 2019.

Second, the work from home trend is here to stay. According to a recent Gallup Poll, approximately 70 percent of employees who are currently working from home want to continue to do so either full time or part-time. Additionally, almost half of remote workers (49%) want to work from home full-time. And of those who are working in the office, about 37 percent would prefer to work remotely part-time.

So why do workers want to continue to work from anywhere? The Gallup Poll cited the top motivators where a lack of commute time, improvements to their wellbeing and the flexibility.

As we work with clients, many are looking for larger single-family homes with plenty of space for a home office. With the flexibility to work from anywhere, luxury home buyers have shared they are also looking for a second or third home with access to a wide array of amenities.

Luxury golf communities offer a wide array of amenities, and since Naples is known as the golf capitol of the US it has made our area a prime destination for people looking to enhance their lifestyle.

As the world has evolved over the past two years, private country clubs have undergone significant renovations to enhance their club amenities. From world-class fitness centers, to tennis, pickleball, bocce ball, swimming, spas and new poolside cafe’s with casual dining options.

Ultimately, the increases in wealth in addition to changes in lifestyle choices continue to drive luxury home sales, especially in resort destinations such as Naples. For a list of luxury golf communities which will fit your lifestyle, contact us at 239-370-0892.

Naples Luxury Housing Market Trends

For the past 12 months ending in September overall there was a 78.6 percent increase in the number of homes sold above $2 Million. Single family homes in this price category saw an 87.9 percent increase and condos saw an 57.9 percent increase.

For Luxury homes priced between $1 million and $2 million the overall increase in the number of closed sales was 86.6 percent.

For the same time period, inventory of luxury homes for sale priced above $2 Million decreased by almost 60 percent, falling from 528 homes down to 212 homes. And for homes priced between $1 Million and $2 Million the number of homes on the market fell from 531 down to 173 which represented a 67 percent decline.

Despite inventory levels, new homes are hitting the market every day. We have a team providing daily updates on luxury homes new to the market which meet our clients criteria. Additionally, due to our extensive relationship with other luxury real estate agents and membership directors in luxury golf communities, we are notified of homes about to be listed.

Naples continues to be a top destination for luxury home buyers. If you are considering buying a home in the area, let’s connect to discuss your options.

Naples Luxury Home Sales in Luxury Golf Communities For September

$6,900,000 – 6897 Grenadier Blvd. Unit 1802 in Pelican Bay with 4,013 square feet
$6,700,000 – 6897 Grenadier Blvd. Unit 1502 in Pelican Bay with 4,013 square feet
$5,400,000 – 8665 Bay Colony Dr. Unit 1803 in Pelican Bay with 3,390 square feet
$5,300,000 – 6411 Highcroft Dr. in Quail West with 8,003 square feet
$5,165,000 – 8473 Bay Colony Dr. Unit 2004 in Pelican Bay with 3,325 square feet
$4,800,000 – 4472 Wayside Dr. in Quail West with 5,000 square feet
$4,500,000 – 8473 Bay Colony Dr. Unit 2003 in Pelican Bay with 3,300 square feet
$4,000,000 -7225 Pelican Bay Blvd. Unit 2201 in Pelican Bay with 3,800 square feet
$3,900,000 – 8787 Bay Colony Dr. Unit 701 in Pelican Bay with 4,875 square feet
$3,800,000 – 1633 Chinaberry Way in Grey Oaks with 5,699 square feet

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

View large single family Naples luxury homes for sale…

Are you ready to buy your own slice of paradise?

If you are buying a home in a golf community, you will find it’s more complex than a typical home purchase. As you can probably imagine, there are significant differences between communities. There are many different fee structures, membership options, pet restrictions, demographics and many other details that apply to the Southwest Florida golf communities.

How often do you want to play? How much time will you send in Naples? Are you planning to rent your property? What type of amenities are important to you and your family? How much space do you need?

We can help you you navigate more than 150 different golf communities in our area. Based on your needs, we’ll provide a list of golf communities that will match your criteria and help you find the perfect home in the right community for you.

Also, if you are considering new construction, 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. In fact, I may be able to help you save money and negotiate for extras which the builder may not let you know about.

From the beginning of your journey to the end, we will handle all the details to make your real estate transaction smooth and stress free. Contact us today to get started.

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

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.

In today’s rapidly changing market, it’s you’ll want to be sure you have priced your home correctly to capture the largest return on your investment. You also need to be sure you have a digital game plan and an effective online marketing strategy when selling your home. One of the ways your agent can help with this is to make sure your listing photos and virtual tours stand out from the crowd, truly giving buyers a detailed and thorough view of your home.

So, if you’re ready to move forward, virtual practices may help you win big when you’re ready to sell. While abiding by state and local regulations is a top priority, we can help make your sale happen. We know exactly what today’s buyers need, and how to put the necessary digital steps in place. For example, according to the same survey, when asked to select what technology would be most helpful when deciding on a new home, here’s what today’s homebuyers said, in order of preference:

Virtual tour of the home
Accurate and detailed listing information
Detailed neighborhood information
High-quality listing photos
Agent-led video chat
Paperless transactions

Now more than ever, an agents presence on the internet is critical to selling your home. Let’s connect to talk about how we would leverage new real estate technology such as virtual tours and high end photography, e-mail marketing, social media marketing and much more.

Finally, if you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities. Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

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The NaplesGolfGuy Team 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.