Mark H. Bickel | Fort Myers News-Press
A Naples home is No. 1 on the list for most expensive single-family property transfers in Collier County from April 1-30, 2023.
This home is located at 1 3rd Ave. S. in Olde Naples. It has four bedrooms and four bathrooms. It was previously sold for $12.6 million in 2021.
Following are the Top 10 real estate sales in Collier County recorded for April 2023:
(Data provided by Royal Shell Real Estate)
1. 1 3rd Ave. S., Naples
List price: $18,000,000
Sold price: $18,000,000
Neighborhood/Subdivision: Olde Naples
Size: 2,400 sq. ft.
Year built: 1979
Days on market: 1
Amenities: Gulf Front, Beach Access, Deck
View: Gulf
2. 2140 Canna Way, Naples
List price: $9,900,000
Sold price: $9,000,000
Neighborhood/Subdivision: Isle Royal
Size: 11,826 sq. ft.
Year built: 2011
Days on market: 34
Amenities: Lakefront, Clubhouse, Community Pool/Spa, Private Membership, Putting Green, Tennis Court, Private Pool/Spa, Built-In Grill, Outdoor Fireplace/Kitchen
View: Golf course, Lake
March Top 10:Top 10: March’s most expensive house in Collier County sold for $32.5 million
3. 740 Coral Drive, Naples
List price: $6,950,000
Sold price: $6,750,000
Neighborhood/Subdivision: Coquina Sands
Size: 6,677 sq. ft.
Year built: 2006
Days on market: 51
Amenities: Private Pool/Spa, Built-In Grill, Fence
Read about #7 – #10
Contact David to find your home close to great restaurants in Bonita Springs and Naples, Florida. Email or call David@DavidFlorida.com or 239-285-1086.
March Housing Market Report Has a Silver Lining
Naples, Fla. (April 26, 2023) – Closed sales of homes in Naples during the first quarter of 2023 exceeded closed sales reported in the first quarter of 2019 (pre-COVID) when inventory levels were nearly three times the current level. According to the March 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), overall inventory in March increased 92.4 percent to 2,900 properties from 1,507 properties in March 2022. While still historically low at 3.6 months of inventory, overall inventory in Naples has continued to increase ever since it bottomed out at 0.8 months of inventory in December 2021.Broker analysts reviewing the report like Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc., speculate that “even though buyers today are facing headwinds like high interest rates, rising property and flood insurance rates, and low inventory levels, these factors are not diminishing people’s desire to live in Naples.”
Cindy Carroll, SRA, of Carroll & Carroll Appraisers & Consultants, LLC, who advocates against comparing activity today to activity during the COVID-boom years (2020-2022), said she is “comforted by the fact that our area shows resilience to 2019. Homebuyers shouldn’t get too hung up on the months of inventory number reported because it fluctuates wildly depending on where you want to buy a home in Naples. For example, the Port Royal area has a 1.3 year supply today. The truth is we are heading back to 2019; a time when the housing market was stable, foundational, and logical. That is what should be happening, and it is.”
With this more accurate comparative method in mind, closed sales decreased 16.5 percent to 1,017 closed sales from 1,218 closed sales in March 2022; but compared to March 2019, closed sales increased 2.6 percent. Pending sales in March decreased 14.5 percent to 1,377 pending sales from 1,611 pending sales in March 2022; but compared to March 2019, pending sales increased 22 percent.
The NABOR® March 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:
The overall median closed price in March increased 7.3 percent to $615,000 from $573,000 in March 2022. This increase was driven by the condominium market, which had a 5.9 percent increase in its median closed price. Interestingly, the median closed price for single-family homes in March reported no increase compared to March 2022.
Iterated by top brokers who review the market report each month, it’s impossible to categorize the Naples area housing market as either a buyers or sellers market today. However, an experienced Naples REALTOR® understands the comparative market differences of each unique neighborhood.
Contact David to find your new home in Naples, Florida, at David@DavidFlorida.com or 239-285-1086.
Inventory Up and Prices Hold Steady in February
Naples, Fla. (March 24, 2023) – Buyers looking for homes in Naples during February were met with more choices as overall inventory increased 131.4 percent to 2,835 properties from 1,225 properties in February 2022. Broker analysts reviewing the February 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), attribute some of the rise in inventory to Hurricane Ian as many sellers were forced to address and remedy damage caused by the storm before the property was ready to welcome buyers. February’s overall median closed price is the same as January’s median close price of $600,000.
The NABOR® February 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:
Contact David to find your new home in Naples, Florida, at David@DavidFlorida.com or 239-285-1086.
Laura Layden | Naples Daily News
A waterfront estate has hit the market for more than $174 million in the posh neighborhood of Port Royal.
The exact price tag: $174,747,536.
That’s unheard of in Naples.
The beachfront property, overlooking the Gulf of Mexico, is expansive, stretching more than 8.5 acres, making it a rarity.
More of a rarity: Neighboring property is up for sale too, on both sides, with the potential to carve out an even larger one-of-kind estate on Naples’ highly-coveted Gordon Drive.
A trio of legacy properties are for sale
Gulf Coast International Properties, a high-end brokerage in Naples, is the exclusive listing agent for all three properties.
The price to buy them all: $295 million.
Read the full article.
Contact David to find your home close to great restaurants in Bonita Springs and Naples, Florida. Email or call David@DavidFlorida.com or 239-285-1086.
Seller Confidence Returns to Greet Seasonal Demand
“The good news is that the new listings coming onto the market are evenly split between single family and condos,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. “Inventory in both these areas have doubled since last January so buyers looking to purchase in either sector this year will have many more options.”
Closed sales in January decreased 33.8 percent to 555 homes from 839 homes in January 2022. But the spike in new listings is a promising turn of events as they pushed inventory in January up 122.7 percent to 2,699 properties from 1,212 properties in January 2022. Broker analysts reviewing the report are optimistic and say it potentially could result in a better-than-expected winter home buying season.
“Inventory between December and January grew nearly 10 percent,” said NABOR® President Nick Bobzien, a broker associate at Downing-Frye Realty. “With the number of showings nearly doubling in January 2023 compared to December 2022, buyers were excited to see new listings come on the market and took advantage of the opportunity as seen by the huge increase in pending sales over the same period.”
After seven months of equable activity, pending sales rebounded as the new year began. In fact, pending sales in January were remarkably higher than pending sales not only in December (682), but also compared to January 2019 (660) and January 2020 (892). Though compared to last January’s phenomenal sales activity, pending sales this January decreased 20.5 percent to 1,092 pending sales from 1,373 pending sales in January 2022.
Pent-up demand was evident in January. While showings decreased 20 percent compared to January 2022, they nearly doubled compared to December’s reported showings. Of course, another factor contributing to increased contracts (pending sales) during January were the 1,092 price decreases reported for the month, which brought the overall percent of current list price value down to 95.8 percent, a 4.2 percent decrease from 100 percent in January 2022.
The NABOR® January 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:
According to the report, the only home type that experienced a rise in closed sales during January compared to last year were condominiums in the $500,000 to $1 million price category, which increased 4.2 percent. Interestingly, the median closed price of single-family homes decreased 2.7 percent between December and January, but the median closed price for condominiums increased 6 percent. Not surprising, due to high demand for properties in the $300,000 and below price category, condominiums in this price category had the highest reported median closed price increase (16.1 percent) and were the only price category that reported a decrease in inventory (13.1 percent) in January.
Contact David for all your real estate needs in southwest Florida – Email or call David@DavidFlorida.com or 239-285-1086.
Laura Layden | Naples Daily News
A sprawling estate in Aqualane Shores that fetched a record price of $62 million is back on the market.
Now, it’s listed for $88 million.
When it sold last year, the beachfront residence – at 25 16th Ave. S. – shattered the record price in Naples – and all of Collier County – by $10 million.
According to Realtor.com, it went on the market about two weeks ago.
Built in 2014, the 16,000-square-foot estate has six bedrooms and nine bathrooms.
Among its stand-out features: A glass wine room, a gourmet kitchen, a game room and a second-level pool.
It offers 175 feet of beach frontage, overlooking the Gulf of Mexico.
Read the full article and see photos.
To view homes currently for sale in Port Royal contact David at 239-285-1086 or David@DavidFlorida.com
