Naples March Real Estate Recap

The latest Naples March real estate recap for the area showed 1,392 properties sold for just over $808 Million! The largest sale was $18,500,000 for a single family home in Aqualane Shores in the city of Naples. Additionally, the luxury market remained strong as evident by the 296 properties sold at or above $1 Million.

Easter marks the end of our traditional season, yet demand for the Naples lifestyle remains strong. There were 598 single family homes and 607 condos sold for a total of 1,392 sales during the month. Once again, homes are selling at or above list price. Condos sold just above asking price at 102.1 percent of list price and single family homes came in at 99.9 percent of list.

Similar to last month, the median sales price rose 40 percent compared to last March. And based on the number of showings during the month (43,206) the analysts expect strong sales to continue.

So what’s new? There are a couple of notable trends. First, we are starting to see inventory build. There were 1,637 new listings during March. Although that is slightly less than the same time last year, the inventory at the end of March was up significantly from January when at one point we had just 899 properties for sale in all of Collier County! As of today at 2:30 pm, we have 1,402 homes for sale.

Second, the reports showed about one third (417) of the homes for sale reduced their price during the month. This is approximately 51 percent more price reductions than we saw in February. In the past week alone, there have been 194 price reductions. To be clear, these price reductions do not mean prices are going below previous closed sales. These reductions are on Naples homes which were originally priced too high.

Naples Real Estate Trends

March 2022 versus March 2021 Highlights

• Closed sales decreased 37 percent compared to March of last year.
• Overall pending sales decreased 35 percent versus the same time period.
• Inventory dropped 24 percent down from 1,899 homes to 1,392 homes for sale.
• Average days on market fell 67 percent down to 22 days.

Similar to January and February, single family homes saw a significant increase in the median price which rose 40 percent. Once again condos saw an even bigger increase up 50 percent which is great news for sellers.

However, if you are considering selling, the increase in inventory as well as the price reductions are an indication we will start to see prices start to stabilize. 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, the trend with new listings is good news. There are several golf communities building inventory. For example, the following golf communities have seen a significant increase in the last 30 days:

• Esplanade – 13 active listings
• Fiddler’s Creek – 28 active listings
• Lely Resort – 30 active listings
• Mediterra – 10 active listings
• Talis Park – 14 active listings

In addition to the higher inventory levels, the days on market continue to build and we’ve seen price reductions as well as homes sold below list price. All of which which are leading indicators that some communities have reached their maximum price level.

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 March

• $10,250,000 – 2747 Buckthorn Way in Grey Oaks with 7,961 sq. ft. (98% of list price)
• $8,850,000 – 6897 Grenadier Blvd. Unit 304 in Pelican Bay with 5,281 sq. ft. (89% of list price)
• $7,651,000 – 9671 Mashie Ct. in Estates at Bay Colony with 8,497 sq. ft. (103% of list price)
• $7,550,000 – 6557 Ridgewood Dr. in Pelican Bay with 4,176 sq. ft. (97% of list price)
• $6,500,000 – 7833 Via Vecchia in Pelican Bay with 5,030 sq. ft. (87% of list price)
• $6,300,000 – 254 Audubon Blvd. in Audubon with 6,463 sq. ft. (90% of list price)
• $6,250,000 – 1460 Anhinga Pt. Unit 904 in Grey Oaks with 5,950 sq. ft. (96% of list price)
• $5,900,000 – 1837 Plumbago Ln. in Grey Oaks with 7,141 sq. ft. (89% of list price)
• $5,620,000 – 4445 Silver Fox Dr. in Quail Creek with 8,459 sq. ft. (95% of list price)
• $5,499,000 – 2229 Miramonte Ct. in Grey Oaks with 4,140 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.

NEW! – Naples Golf Guy Monthly Report

2022 Naples March Real Estate Recap

Luxury Golf Community Trends

Golf Community Homes Just Listed

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