September Real Estate Activity for Greater Naples

The most recent September real estate activity reports for Collier County revealed that 527 properties were sold, amounting to just over $568 million in sales for the month. Notably, the highest-priced sale was a Waterfront estate in Port Royal, which fetched $36,490,000.

Furthermore, the luxury real estate market saw a notable number of high-value transactions, with 135 properties sold at or above $1 million.

Additionally, 100 percent of the top 10 highest-priced sales in the area occurred west of U.S. 41, all being waterfront properties, highlighting the strong demand for premium locations near the water.

Notably, showings were down 11 percent during September. Our off-season, combined with a presidential election, has some buyers sitting on the sidelines.

Based on our experience over the past 20 years, during a presidential election year, people wait until the election is over and they know the outcome. The lack of uncertainty about the outcome is what keeps people holding off. Once the election ends, people will decide to purchase regardless of the outcome.

Interestingly, data from the Department of Housing and Urban Development (HUD) and the National Association of REALTORS® (NAR) indicates that home sales increased following nine of the last 11 presidential elections.

As we head into season, market conditions are favorable for pre-season buyers.

September Real Estate Activity for Naples

September 2024 versus September 2023 Highlights:

• Closed sales decreased 13 percent, going from 607 transactions down to 527 sales.
• Inventory increased 37 percent to 4,288 homes for sale, compared to 3,123 last year.
• New listings increased from 999 to 1,035, a 4 percent jump.
• Median days on market increased to 83 days, a 41 percent increase, versus September of 2023.

In September, 277 single-family homes and 250 condos were sold, for a total of 527 sales. This marked a 13 percent decrease in sales compared to the previous year.

The median price for single-family homes decreased slightly year over year to $740,000 from $745,693. However, it rose significantly over the prior year, when it was $690,000.

On the other hand, the median sales price for condominiums decreased from $470,000 last September to $450,000 in September of this year. Similarly, the median price fell month over month by 6.4 percent.

Additionally, the average number of days it took for a property to go to contract increased slightly from 82 to 83 between August and September. However, this figure still falls short of the typical 90 to 120 days in a normal market.

Sales activity during the off-season summer months is historically lower than during the season. Thus, sellers must set the right prices to stay competitive in today’s market.

Top 10 Luxury Naples Golf Home Sales in September

• $11,725,000 – 700Tamarind Ct. in Pelican Bay with 6,691 sq. ft. (98% of list price)
• $5,500,000 – 8473 Bay Colony Dr. Unit 501 in Pelican Bay with 3,200 sq. ft. (95% of list price)
• $5,500,000 – 7855 Vizcaya Way in Pelican Bay with 3,615 sq. ft. (94% of list price)
• $4,800,000 – 6641 Edgecumbe Dr. in Quail West with 4,031 sq. ft. (91% of list price)
• $3,900,000 – 2512 Spicebush Ln. in Grey Oaks  with 4,124 sq. ft. (95% of list price)
• $3,850,000 – 172 Cheshire Way in Audubon with 4,021 sq. ft. (96% of list price)
• $3,100,000 – 14822 Bellezza Ln. in Mediterra with 2,915 sq. ft. (97% of list price)
• $2,700,000 – 9243 Marble Stone Dr. in The Quarry with 3,550 sq. ft. (94% of list price)
• $2,675,000 – 987 Barcarmil Way in Colliers Reserve with 2,800 sq. ft. (97% of list price)
• $2,650,000 -9333 Tulipano Ter. in Esplanade with 3,486 sq. ft. (95% of list price)

New Listings in Golf Communities

So, if you want to monitor the market, we can set up a custom, fully automated property search or sign you up for automatic property alerts. Please call us anytime to set up the alerts based on your criteria.

Make Naples Your New Home

With its unbeatable combination of natural beauty, health-conscious living, and vibrant community, Naples stands out as a premier choice for those looking to relocate. Whether you’re drawn by the low taxes, top-tier healthcare, or the array of recreational activities, Naples offers a lifestyle that’s hard to beat.

Don’t miss your chance to be part of this thriving community in the heart of Florida’s paradise. Start your journey to owning a home in Naples today and experience why this area remains a top choice for discerning homeowners.

When navigating the intricate real estate market, whether buying or selling, the Naples Golf Guy team is here to assist you. Our team consists of dedicated REALTOR® professionals who possess the knowledge and experience to offer you precise and up-to-date market information.

Feel free to contact us via phone, email, or text at 239.370.0892 to fulfill all your real estate requirements.