Naples Real Estate Market Sees Another Record Month in Closings
Naples, Fla. (November 20, 2020) – According to the October 2020 Market Report, released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), the Naples real estate market continues to see strong demand in both the single family and condominium markets. Buyers are getting a jump on the winter seasonal market as shown by the reduced inventory, increase in multiple bids and the jump in closed sales. Closed sales activity for the overall market increased 65.2 percent to 1,249 closed sales in October 2020 from 756 closed sales in October 2019.
Inventory continues to be a challenge for buyers seeking to purchase a home in Naples. While the overall market inventory in October 2020 decreased 33.8 percent to 3,543 from 5,351 in October 2019, overall pending sales for the same time period increased 73.0 percent to 1,708 from 987 in October 2019. With strong demand, sellers are receiving multiple competitive offers on their listings during what is a traditionally slower time of year. Offers are coming in more quickly as well, with homes sold during October 2020 staying on the market 11.5 percent fewer days than October 2019. The average number of days on the market until sale was 92 in October 2020 compared to 104 days in October 2020.
“In a typical year, October would be a time when inventory numbers rise as sellers prepare for increased demand during season,” said a Broker. “However, the pandemic disrupted traditional seasonal patterns. Buyers are motivated to seek larger, more comfortable homes that accommodate their work-from-home lifestyles.”
In a recent interview in Inc. magazine, Bill Gates acknowledged the nationwide, post-pandemic migration of families to bigger houses in smaller communities with less traffic. Annual market statistics support that trend is happening locally. During the period of January through October 2020, there were 9,785 closed sales in Naples, which represents a 13.8 percent increase over the same period in 2019. With more active buyers on the market, housing prices are seeing moderate but sustainable growth.
The October Market Report showed that single-family homes saw an increase in the median closed sales price of 12.1 percent to $458,000 during January to October 2020, up from $408,500 during the same period in 2019. Condominium median closed sales prices also saw an uptick of 5.8 percent to $275,000 during January to October 2020, over $260,000 during the same period in 2019.
Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty, notes that 30.6 percent of homes on the market experienced a price increase during October. “Sellers are receiving multiple, competitive bids on their listings. So, it is important for buyers to make a serious offer when they find the right home.”
The NABOR® October 2020 Market Reports provide 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:
| CATEGORIES |
Oct 2019 |
Oct 2020 |
CHANGE |
| Total closed sales (month/month) |
756 |
1,249 |
+65.2% |
| Total pending sales (homes under contract) (month/month) |
987 |
1,708 |
+73.0% |
| Median closed price (month/month) |
$329,950 |
$385,000 |
+16.7% |
| Total active listings (inventory) |
5,351 |
3,543 |
-33.8% |
| Average days on market |
104 |
92 |
-11.5% |
| Single-family closed sales (month/month) |
389 |
580 |
+49.1% |
| Single-family median closed price (month/month) |
$395,000 |
$523,000 |
+32.4% |
| Single-family inventory |
2,675 |
1,501 |
-43.9% |
| Condominium closed sales (month/month) |
367 |
624 |
+70.0% |
| Condominium median closed price (month/month) |
$255,000 |
$284,500 |
+11.6% |
| Condominium inventory |
2,676 |
2,042 |
-23.7% |
If you are looking to buy or sell a home in Naples, contact a Naples REALTOR® who has the ability to provide a virtual showing, an accurate market comparison or negotiate a sale. A REALTOR® can ensure your next purchase or sale in the Naples area is a success. Search for your dream home and find a Naples REALTOR® on Naplesarea.com.
“September is typically the slowest month for REALTORS® in Naples,” said Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty, who added, “but agents were very busy this September as the number of showings increased 80 percent to 35,465 appointments compared to 18,745 appointments in September 2019.”
Median closed prices for September increased 18.2 percent to $384,000 from $325,000 in September 2019. Broker analysts reviewing the market data also said they saw an uptick in multiple offer occurrences in September and advise buyers facing this situation not to delay with an offer if they like a property.
Inventory continues to be a challenge for buyers in Naples. In September, inventory decreased 32.2 percent to 3,980 properties from 5,873 properties in September 2019. A Broker said, “Multi-million properties are being grabbed up with many buyers making an offer sight-unseen. There are currently less than 500 properties on the market over $2 million.” Not surprisingly, closed sales of homes above $2 million have increased 30.7 percent in the 12-months ending September 2020.
According to the September Market Report, 9.9 percent of the sales reported in September were from new construction sources. But broker analysts say this number does not adequately reflect actual sales activity for the new construction market as sources indicate that builders are just too busy to input every sale in the MLS.
The NABOR® September 2020 Market Reports provide 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:
| CATEGORIES |
Sept 2019 |
Sept 2020 |
CHANGE |
| Total closed sales (month/month) |
717 |
1,096 |
+52.9% |
| Total pending sales (homes under contract) (month/month) |
823 |
1,509 |
+83.4% |
| Median closed price (month/month) |
$325,000 |
$384,000 |
+18.2% |
| Total active listings (inventory) |
5,873 |
3,980 |
-32.2% |
| Average days on market |
102 |
90 |
-11.8% |
| Single-family closed sales (month/month) |
367 |
577 |
+57.2% |
| Single-family median closed price (month/month) |
$402,000 |
$474,000 |
+17.9% |
| Single-family inventory |
3,057 |
1,710 |
-44.1% |
| Condominium closed sales (month/month) |
350 |
519 |
+48.3% |
| Condominium median closed price (month/month) |
$246,195 |
$290,000 |
+17.8% |
| Condominium inventory |
2,816 |
2,270 |
-19.4% |
“There has been a 19.6 percent increase in closed sales of homes with a minimum of four bedrooms over the last year,” said a Broker. “This data reflects another shift in buying behavior as a result of the pandemic. The demand for single family homes with additional space to accommodate a home office and a virtual schoolroom is increasing.” The September Report showed a decrease of 37.9 percent to 779 properties on the market with four or more bedrooms compared to 1,255 in September.
Barron Collier Companies | Special to Naples Daily News Oct 10, 2020
Announcing 350 new home sales year-to-date, Ave Maria, Florida continues to reach historic levels and shows no signs of cooling off. In comparison to the same time last year, new home sales are up 74%, and this year-over-year increase is the largest since the master-planned community opened in 2007. Demand for new housing remains high for the development with 66 sales for the month of September, up from 60 in August and 52 in July. Home sales were reported from the four residential builders in Ave Maria — CC Homes, Del Webb Naples, Lennar, and Pulte Homes.
“This is the first time Ave Maria has surpassed 350 new home sales in a year since the opening of the development” comments Cee Cee Marinelli, Director of Development for Ave Maria. “It’s thrilling to be part of a record-setting year. With 178 new home sales in the last 3 months, strong demand from prospective buyers is showing no signs of slowing down.”
Home buyers seeking an improved quality of life, exceptional educational options for their children, and vast open space are just a few of the many factors driving new home sales. The market is seeing a significant lifestyle shift and trend of moving from congested cities to find homes with flexible space that is suitable for home offices or gyms. The ample recreational activities and amenities in which to enjoy a place to exercise, escape, and unwind make Ave Maria a desirable destination. The master-planned community was designed for healthy and active lifestyles, and the popularity of the trails, fields, clubs, parks, and golf club continues to soar.
The robust recreation and amenities program in Ave Maria provides new residents with an instant source of leisure activities and socialization. On-site amenities feature open spaces for its homeowners such as a water park, soccer and baseball fields, fitness center, amphitheater, dog park, trails, bocce and tennis courts, Town Center with Publix Supermarket, commercial center with Mobil gas station, private schools from preschool through university, and free events throughout the year. The Ave Maria Master Association organizes on-going events for residents including virtual trivia, happy hour, fitness classes and club meetings while also providing access to outdoor recreation with proper social distancing guidelines ensuring everyone can enjoy having fun safely.
Ave Maria has been named 2019, 2018, 2017, 2016 and 2015 Community of the Year, the Top Selling Single-Family Home Community in Southwest Florida, a Top 35 Master Planned Community in the United States and its active adult community, Del Webb Naples, has been named a Top 20 Places to Retire. Located in southwest Florida, minutes from the beaches and cultural attractions of Naples, Ave Maria is a self-sustaining town including shopping and dining, employment opportunities, parks and recreation, and is zoned for all A-rated Collier County public schools. At its build out, the town will include up to 11,000 residences, and 1.7 million square feet of retail, office, and business park uses in its 4,000 acres. Ave Maria is located at the intersection of Oil Well and Camp Keais Roads in Eastern Collier County. The main entrance, on Oil Well just west of Camp Keais, leads to the Town Center. Take I-75, exit 111, follow the signs east to Ave Maria, approximately 25 minutes.
To arrange an in person or virtual tour of homes at Ave Maria, contact David at David@DavidFlorida.com or 239-285-1086.
The great room and island kitchen of the newly opened Covington III model open to the outdoor space that includes a fireplace, outdoor kitchen, pool and spa.
Stock Development has opened a new furnished Covington III model in WildBlue.
The Covington III plan includes 2,948 square feet under air and a total square footage of 4,640. The great room and island kitchen open to the outdoor space that includes a fireplace, outdoor kitchen, pool and spa. The plan also features four bedrooms, three full baths, a dining area overlooking the lanai and a study. There is a laundry room and an attached three-car garage. The interior design of the Covington III is by Soco Interiors.
This beautiful new model joins six other furnished models Stock has open in WildBlue.
WildBlue is a spectacular 3,500-acre community nestled between Naples and Fort Myers.Featuring over 800 acres of freshwater lakes, and inspired single-family residences, it is being developed by Lennar with Stock, WCI and Pulte Homes as builder partners.
Excitement is building as the community has begun construction its Sports Club. The Sport Club, which is scheduled to debut in the Spring of 2021.
WildBlue’s extraordinary Amenity Campus has been designed by the renowned architect David Humphrey, the Founder and President of Humphrey Rosal Architects. He has almost thirty years of local architectural and construction experience, including The Players Club & Spa at Lely Resort, multiple winner of CBIA’s Clubhouse of the Year Award, Bay Colony Beach Club and The Club at Treviso Bay.
“The Amenity Campus at WildBlue is set to be another lifestyle triumph,” said Claudine Léger-Wetzel, Vice President of Sales and Marketing at Stock Development. “WildBlue sets residents free to take it all in—from sports and outdoor exploration, to a relaxed, resort-inspired lifestyle.”
The amenities are located on a spectacular peninsular site that offers expansive views of WildBlue’s largest lake.
The Sports Center is a key component of the Amenities Campus. This facility features more than 8,500 square foot under air with a large exercise room and state-of-the-art equipment. There are two aerobic rooms, one of which will include spinning equipment. There is a spa with a reception and waiting room that offers massage rooms and a manicure and pedicure room. The mens’ and womens’ locker rooms feature day lockers, pool baths, dry saunas and a family changing room.
Behind the building will be a lap & aerobic pool and a yoga lawn. Adjacent to the locker rooms is a tennis pro shop that will service six tennis courts and additional pickleball courts.
At the Social Center, there will be endless ways for residents to spend their days, including a resort-style swimming pool, a Clubhouse with indoor dining, as well as an adjoining outdoor dining facility directly on WildBlue Lake. Residents will also enjoy a beach and cabanas, bocce courts, horseshoe pits, a playground, an events lawn, plus much more.
Outside the Amenity Campus, there will be kayaking, boating, paddle boarding and other water activities to satisfy even the most avid lake lover.
All WildBlue residents have lake access and fishing access. Lakefront homeowners also have the option of building a boat dock. There will be a boat launch for resident access on the Amenity Campus on the largest lake with a boat ramp.
Within minutes of WildBlue, travelers will land safely at Southwest Florida International Airport. The community is close the best of Southwest Florida, including quick and easy access to Naples and Fort Myers.
Stock’s 148 lots are situated on WildBlue Lake and offer breathtaking views, encompassing the beauty of this singular community.
Stock Signature Homes is offering nine floorplans ranging from 2,500 square feet to over 3,400 square feet on 85’ lots. The floorplans available include a selection of the company’s award-winning designs, as well as the introduction of five brand new floorplans designed specifically for WildBlue.
On The Peninsula, Stock Signature Homes and Stock Custom Homes are offering a variety of award-winning floor plans and custom homes designs on 102’ and 140’ lots.
Whalen Public Relations news release
Photo: https://www.stockdevelopment.com/projects/wildblue/floorplan/Covington%20III/719#WB-4-9
Don’t miss your chance to see all that amazing WildBlue has to offer! To arrange an in person or virtual tour of WildBlue, contact David at David@DavidFlorida.com or 239-285-1086.
Ave Maria, Florida continues to set sales records with its best month ever reporting 60 new home sales in August 2020. Announcing 309 new home sales year-to-date, the master-planned community has already surpassed its total sales for the entirety of 2019. Home sales were reported from the four residential builders in Ave Maria — CC Homes, Del Webb Naples, Lennar, and Pulte Homes.
Since the opening of the master planned community in 2007, Ave Maria continues its strategic approach of using smart growth principles in residential and commercial land development. As the first town developed under the ground-breaking Rural Land Stewardship Area program, Ave Maria is committed to the conservation of the area’s natural resources and wildlife and preservation of 17,000 acres in and around the community. Ave Maria has a walkable town center, parks, recreational spaces, various housing types from condominiums to attached villas to single-family homes, shops, restaurants and more than 100 miles of walking/running trails and sidewalks.
“The sales surge in Ave Maria continues to prove unstoppable with 24 new homes reported in the first week of September. We continue to see an unprecedented demand as interest continues to rise,” comments Cee Cee Marinelli, Director of Development for Ave Maria. “Home sales have more than doubled month over month for August. With more people spending time at home, people are evaluating where and how they live, and Ave Maria is an attractive choice. With an array of floor plans and amenities, home shoppers are flocking in droves to our Southwest Florida development.”
The active lifestyle and robust amenities program in Ave Maria provide new residents with an instant source of socialization and recreation, whether on-site or virtual. On-site amenities feature open spaces for its homeowners such as water park, soccer and baseball fields, fitness center, amphitheater, dog park, trails, bocce and tennis courts, Town Center with Publix Supermarket, commercial center with Mobil gas station, private schools from preschool through university, and on-site free events throughout the year. The Ave Maria Master Association organizes on-going events for residents including virtual trivia, happy hour, fitness classes and club meetings while also providing access to outdoor recreation with proper social distancing guidelines ensuring everyone can enjoy having fun safely.
News release Barron Collier Companies
Photo: Heatherton model, Pulte Homes at Avalon Park, Ave Maria, Florida. avemaria.com
To arrange an in person or virtual tour of Ave Maria, Florida, contact David at David@DavidFlorida.com or 239-285-1086.
Phase I construction of The Sports Club at WildBlue is scheduled to open Summer 2021.
Construction has begun on the Sports Club at WildBlue, a spectacular 3,500-acre community nestled between Naples and Fort Myers.
Featuring over 800 acres of freshwater lakes, and inspired single-family residences, WildBlue is being developed by Lennar with Stock, WCI and Pulte Homes as builder partners. Residents have already moved in and are enjoying the one-of-a-kind lifestyle offered at WildBlue. Nearly 300 new homes have been sold in the community.
“The waterfront Amenity Campus at WildBlue is going to be amazing!” said David Meyers, Director of Operations for Lennar. “It is designed to maximize WildBlue’s lakefront lifestyle. Phase I of construction is The Sports Club, which is scheduled to be open in the Summer of 2021.”
WildBlue’s extraordinary Amenity Campus has been designed by the renowned architect David Humphrey, the Founder and President of Humphrey Rosal Architects. He has almost thirty years of local architectural and construction experience, including The Players Club & Spa at Lely Resort, multiple winner of CBIA’s Clubhouse of the Year Award, Bay Colony Beach Club and The Club at Treviso Bay.
The amenities are located on a spectacular peninsular site that offers expansive views of WildBlue’s largest lake.
A key component of the Amenities Campus is the Sports Club. This facility features more than 8,500 square foot under air with a large exercise room and state-of-the-art equipment. There are two aerobic classrooms, one of which will include yoga classes and one that is a spinning studio. There is a spa with a reception and a lounge that offers massage rooms and a Nail Salon. The mens’ and womens’ locker rooms feature day lockers, dry saunas and a family changing room.
Behind the building will be a lap & aerobic pool and a yoga lawn. Adjacent to the locker rooms is a tennis pro shop that will service six tennis courts and eight pickleball courts.
Decorated by Clive Daniel Hospitality, The WildBlue Spots Club has beautiful interiors and exteriors that reflect modern luxury and coastal flair, …selected to create an experience that is warm and welcoming. The gathering terrace, with its outdoor bar and comfortable seating, is a great place to relax and socialize and features wonderful pool views surrounded by lush greenery. From the front door to the pool area, the Sports Club brings residents the very best in casual Florida living.
At the Social Club, there will be endless ways for residents to spend their days, including a resort-style swimming pool, a Clubhouse with indoor dining, as well as an adjoining outdoor dining facility directly on WildBlue Lake. Residents will also enjoy a beach and cabanas, bocce courts, horseshoe pits, a playground, an events lawn, plus much more.
Outside the Amenity Campus, there will be kayaking, boating, paddle boarding and other water activities to satisfy even the most avid lake lover.
All WildBlue residents have lake access and fishing access. Lakefront homeowners also have the option of building a boat dock. There will be a boat launch for resident access on the Amenity Campus on the largest lake with a boat ramp.Within minutes of WildBlue, travelers will land safely at Southwest Florida International Airport. The community is close to the best of Southwest Florida, including quick and easy access to Naples and Fort Myers.
Pulte Homes has three furnished models open. Seamlessly blending living and dining space in 1,600 to more than 4,000 square feet, Pulte’s one- and two-story single-family homes offer plans to suit families of all sizes and empty nesters alike, with flex spaces, media room lofts, and chef’s kitchens designed for convenience.
WCI offers Estate homes that surround the main 560-acre WildBlue Lake starting in the $500s.
Floorplans range from 2,800 to nearly 3,800 square feet of living area and between three to four bedrooms. WCI home designs offer all sorts of entertainment throughout these models, full of lofts, dens and bonus rooms, and large open living areas.
To arrange an in person or virtual tour of WildBlue, contact David at David@DavidFlorida.com or 239-285-1086.
Condensed from Whalen Public Relations news release.
Photo: https://wildbluefl.com/
