November Real Estate Activity

November Real Estate Activity for Naples Shows Buyers Are Motivated

If you are in Naples the hotels are full, the restaurants are packed and homebuyers are out in force based on the latest reports for November Real Estate Activity! Buyers are clearly motivated to get a head start on season based on the 27 percent increase in overall pending sales (homes under contract), and a 46 percent increase in showings for the month compared to November 2018. The increase in buyer activity has impacted inventory levels which decreased 19.4 percent in November down to 5,563 properties compared to 6,896 properties in November 2018.

Naples November Real Estate Activity 2019

November Real Estate Activity Highlights

  • Overall inventory decreased 19.3 percent in November 2019 versus November 2018
  • Pending sales jumped 27 percent over November of last year
  • Closed sales increased 2 percent over the same time last year
  • Days on market increased 7 percent up to 91 days
  • Median price fell less than 1 percent down to $332,500

The Naples area has approximately a six-months supply of inventory. A healthy real estate market has between six and seven months’ worth of properties available for sale. And, every community is different. In some locations, inventory is well below 6 months which makes the area a seller’s market. In other neighborhoods, there’s more than a 10 month supply of homes for sale. We highly recommend you work with a real estate agent who knows the area to ensure you maximize your return on your investment and leverage their industry knowledge and negotiating skills.

Overall closed sales in November increased by 2.4 percent. However, it was the single-family home market that led the way with a 5.3 percent increase compared to closed sales in the condominium, which decreased 0.6 percent.

Naples Housing Inventory

Inventory levels for the single-family and condo markets were just about even in November. Inventory declined the most in the low end of the single-family home market (under $300,000), which saw a 35.4 percent decline in November. However, Luxury Condo inventory (condos priced above $2 million) increased by 19.6 percent.
Finally, for the existing inventory currently on the market for both single family homes and condos, 40 percent of the properties have been on the market for over 150 days, and 20 percent have been on the market for over 300 days. Be sure to consult with your real estate agent to ensure your home is priced competitively for your neighborhood. With season just around the corner, you’ll want to be sure your home is priced right to take advantage of the influx of home buyers.

Naples November Real Estate Activity Year-Over-Year

Bottom Line

Ultimately, since home sales remain strong in Southwest Florida and inventory is low, if you want to maximize the value of your home, now is an excellent time to sell your property. If you own a home in Bonita Springs, Estero, Naples or Fort Myers we encourage you to work with a Professional Real Estate Agent or REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. 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.

View More November Real Estate Activity Reports:

Begin Your Naples Property Search

Naples Golf CommunitiesSo, if you’re ready to begin your search for your Naples home, or a southwest Florida Luxury home or condo, we encourage you to explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate and would be happy to help you navigate the more than 150 different golf communities in our area.  If you prefer a more direct approach, we will provide a list of properties that meet your criteria and/or communities that meet your needs.

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 for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Bottom Line:

If you’re looking for a focused and goal-oriented real estate representative in Naples, Bonita Springs, Estero or Fort Myers who will help you achieve your Real Estate needs, please reach out to us directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, a luxury home, vacation home, golf home or dream home, call us or text us at 239-370-0892 or email Matt at Matt@NaplesGolfGuy.com

About Naples Golf Guy

Naples Golf GuyThe Naples November Real Estate Activity above was provided by Naples Golf Guy, Matt Klinowski PA, an expert in Southwest Florida real estate.  When you are ready to buy or sell a single-family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience, I can help provide the market information and insights into individual communities to help you find the perfect home.  Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.

Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

December 26th, 2019, Posted by NaplesGolfGuy