Naples Housing Market Prime for Summer Buyers
Naples, Fla. (July 21, 2023) – Broker analysts reviewing the June 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), believe a surge in summer travel contributed to the reduction in home sales in Naples during June. The report showed a 13.6 percent decrease in overall closed sales for the month to 837 closed sales from 969 closed sales in June 2022. Though the dip in closed sales appears temporary and may not linger into July’s closed sales data as overall pending sales (homes under contract) in June increased 0.8 percent to 800 pending sales from 794 pending sales, and June’s showings increased slightly from showings reported in June 2022. Fortunately, slow sales in June did not impact home prices as the median closed price reported in June increased 0.4 percent to $602,494 from $600,000 in June 2022.
Overall inventory continues to rise compared to 2022 levels. June had an 8.2 percent increase in overall inventory to 2,659 homes from 2,457 homes. But according to the area’s top brokers, this increase was due to low sales for the month and not because of new listings, which decreased 28.2 percent to 860 new listings from 1,198 new listings in June 2022.
The NABOR® June 2023 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings for 2023:
“Travel is the elixir that will make people feel inspired to buy again once they return home from summer vacations,” said Cindy Carroll of Carroll & Carroll Appraisers & Consultants, LLC. “It’s been 15 months since the market peaked [December 2021]. We’ve been through a pandemic and hurricane and still the monthly reports fail to indicate a market correction will happen anytime soon as median and average closed prices continue to hold steady.”
Development to begin soon.
Laura Layden | Naples Daily News
A new town planned for rural Collier County has reached a pivotal moment.
In late June, county commissioners quietly signed off on the new town that’s been years in the making.
The creation of the town, known as Big Cypress, appeared on the board’s summary agenda, reserved for noncontroversial matters.
One frustrated environmentalist spoke against the development before it came to a swift vote.
The town – planned by Collier Enterprises – won final approval along with three unrelated, undisputed items, in one fell swoop, at a county commission meeting June 27.
A town and two villages
The town will connect two new villages planned by Collier Enterprises, known as Rivergrass and Bellmar. It will replace the developer’s third approved village, Longwater, with the addition of roughly 544 acres to its borders.
Centered in and around the two villages, the town will span more than 1,544 acres, off Oil Well Road, east of Golden Gate Estates.
Read the full article.
For new homes in the Naples, Collier County, Florida area, contact David at David@DavidFlorida.com or 239-285-1086.
May Market Report: Home Prices Holding Steady
Naples, Fla. (June 23, 2023) – A slight reduction in overall median closed price along with fewer new listings during May indicates a window of opportunity for both buyers and sellers this summer. According to the May 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), overall median closed price decreased 1.2 percent to $600,000 from $607,500 in May 2022. There were also 1,045 price decreases and a 31.2 percent decrease in new listings reported during the month.
The NABOR® May 2023 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings for 2023:
Laura Layden | Naples Daily News
The town of Ave Maria will grow by nearly 1,000 acres.
On Tuesday, Collier County commissioners greenlighted the change, without debate, bringing the town’s size to 5,000 acres, the largest allowed by county rules.
The size doesn’t include Ave Maria University. Its roughly 1,000-acre campus and other public benefits, such as parks, aren’t counted in its borders under the approvals that allowed the town to be built on rural lands, roughly 25 miles east of Naples.
Why is the town expanding?
Mostly, it’s to allow for more single-family homes to be built, explained David Genson, president of development for Barron Collier Cos. in Naples.
Barron Collier Cos. is the force behind the town, in partnership with Tom Monaghan, the creator of Domino’s Pizza and founder of Ave Maria University.
Get the full story on naplesnews.com
Explore homes in Ave Maria in southwest Florida! Contact David at David@DavidFlorida.com or 239-285-1086.
Naples, Florida – The real estate market in golf communities in Naples, Florida is booming, with home values soaring higher than the rest of the market. Demand for properties in these exclusive communities has reached such a fever pitch that some hopeful buyers are facing waiting lists of two years or more.
According to Naples Florida Travel Guide, Naples, regarded as the Golf Capital of the World, features over 70 golf courses, ranging from bundled golf to exclusive private clubs. Within the broader Naples area, there are 92 golf courses, which covers Bonita Springs through Naples and on to Marco Island. Furthermore, when you include all of SWFL (Estero and Fort Myers) is home to over 150 golf courses, many of which are nestled within gated neighborhoods.
Properties within these golf course communities come with a wide range of price tags, varying from $400,000 to well over $4 million, depending on factors such as location, size, and features. Some of the most sought-after golf course communities in Naples include Quail West, Grey Oaks, and Talis Park, among others. These communities offer not only exquisite golf courses but also a plethora of amenities such as clubhouses, fitness centers, and more.
The high demand for homes in these golf communities has resulted in waiting lists of two years or more for some lucky buyers. The allure of golf course living in Naples, coupled with the limited supply of available homes, has contributed to this remarkable phenomenon. Consequently, home values in these communities have surged, outpacing the broader real estate market.
Read more about Naples, Florida Golf Communites on naplesnewsnow.com
Contact David to find your home in a southwest Florida golf community. David@DavidFlorida.com or 239-285-1086.
Mark H. Bickel | Naples Daily News
A Naples home in the Port Royal neighborhood is No. 1 on the list for most expensive single-family property transfers in Collier County from May 1-May 31, 2023.
This home is located at 3773 Rum Row. It has five bedrooms and 6.5 bathrooms.
Even after Hurricane Ian, property values are rising in Collier County.
Following are the Top 10 real estate sales in Collier County recorded for April 2023:
1. 3775 Rum Row, Naples
List price: $29,000,000
Sold price: $29,000,000
Neighborhood/Subdivision: Port Royal
Size: 9,663
Year built: 2002
Days on market: Zero
Amenities: Bayfront, Boat Dock/Lift, Private Pool/Spa, Built-In Grill
View: Bay
See the rest of the list on naplesnews.com
Are you looking for a home in the Naples-Bonita Springs area of southwest Florida? Email or call David@DavidFlorida.com or 239-285-1086.
