Naples, Fla. (July 26, 2024) – Despite a 59% increase in overall inventory during June (compared to June 2023), overall closed sales during the month decreased 17.3 % to 710 closed sales from 859 closed sales in June 2023. Data reflected in the June 2024 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), showed the overall median closed price decreased .8 % to $595,000 from $600,000 in June 2023. Broker analysts say a steady number of list price reductions each month coupled with more realistic prices set by sellers will help the Naples market find its new “sweet spot” for home buying.

It needs to be noted that the inventory decreased in June compared to the previous month (May 2024).
4,680 overall inventory in June 2024 - 5,283 in May 2024.

Naples, Fla. (June 28, 2024) – As competition grows in the Naples housing market ­– overall inventory increased 67.1 % in May to 5,019 properties from 3,004 properties in May 2023 –

Monthly closed sales for the month decreased 12.2 % to 907 closed sales from 1,033 closed sales in May 2023. Broker analysts reviewing the May 2024 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), are closely monitoring the number of monthly price decreases to see whether it could turn the tide and improve sales this summer. One thing was certain in the May Market Report: summer buyers will have many more options than winter buyers.

The NABOR® May 2024 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 2024:

Bridgewater Bay - Recently Sold.

We recently sold this turnkey furnished condo in Bridgewater Bay, Naples:

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Bridgewater Bay is a gated community off of Orange Blossom Rd in Naples, developed on 131 acres of lush landscaping, lakes, and preserves. Bridgewater Bay offers 524 residences: Condos (or Garden Homes) , carriage and coach homes, and single-family homes are available in Bridgewater Bay.

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Recently Sold in Bridgewater Bay

Avila at Pelican Preserve - Recently Sold.

We recently sold this beautiful pool villa in the upscale community of Pelican Preserve in Fort Myers:

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Pelican Preserve offers condos, attached villas, coach homes, and single-family homes. Golf membership is not mandatory. Amenities at the Towncenter are outstanding!

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Naples, Fla. (May 31, 2024) – The payoff of months of rising inventory was finally realized in April as closed sales increased by 3.8% to 999 closed sales from 962 closed sales in April 2023.

This is the first month closed sales have exceeded past years’ monthly comparable sales since June 2021. According to the April 2024 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), the 2,365 price reductions in April stimulated sales in the right direction.

Growth in inventory does not appear to be slowing down either, as new listings in April increased 16.3% to 1,335 new listings from 1,148 new listings in April 2023.

“Three things could help our market if they trended in the right direction: mother nature, insurance, and interest rates. But those are out of our control.”

Broker analysts believe “Interest rates are likely to stay above 5% for a long time.” But Jeff Jones, Broker at Keller Williams Naples, added that there is good news on the insurance front as “nine new companies have recently entered the Florida market, and 19 others have said they will lower rates or at least not increase them in 2025.”

How ‘Tax-Friendly’ Is Fla. Compared to Other States?

A MoneyGeek study including IRS, state, property, and sales taxes listed Florida. as the No. 4 least-expensive tax state. Total tax costs are about 5.6% of total income.

TAMPA, Fla. – It’s tax filing season and depending on where you live in the U.S., you could be forking over a very different-sized chunk of your income.

An analysis by MoneyGeek ranked every state by how “tax-friendly” it is. The analysts didn’t just look at income tax – they also factored in property taxes, plus state and local sales taxes.

To determine where people pay the highest tax burden, MoneyGeek looked at a hypothetical average family: a married couple with one kid, earning the median national income of $82,852, and owning a $349,400 home. The study breaks down how much this fictional family would pay in taxes in every state.

The states with the lowest tax burden, according to the analysis, were:

New Villas For Sale, in Estero

Construction is well underway in that intimate new community built by DR Horton in Estero, FL. 

Milan Villas will offer forty-four twin villas at completion. Located in the heart of Estero with easy access from Three Oaks Parkway. 

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Naples, Fla. (January 30, 2023) – According to the December 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), overall inventory increased 45.9% to 3,949 properties from 2,706 properties in December 2022. The report showed consistent monthly increases in inventory during the year, which means more options for buyers in 2024; especially in the condominium market, which reported a 78.7% increase in inventory. However, according to broker analysts reviewing the December report, the housing market faced several challenges in 2023: rising interest rates, rising insurance rates, and rising inflation.
Brokers also point to increased personal travel in 2023 as another reason home sales lagged in 2023. As a result, closed sales in 2023 decreased 13.6% to 8,816 closed sales from 10,206 closed sales in 2022. Despite the challenges, there were seven months in 2023 when new listings increased more than new listings reported in comparative months in 2022. For December, new listings increased 12.1% to 892 new listings from 796 new listings in December 2022. Interestingly, unlike other industries that experience a reduction in price when supply increases, the Naples area housing market enjoyed a 9.7 percent increase in overall median closed price in December to $631,000 from $575,000 in December 2022. In comparison, according to the National Association of Realtors, the median existing-home price in the U.S. increased 4.4% in December to $382,000 from $366,000 in December 2022.

The real estate market update for Bonita Springs and Estero Real Estate in November 2023 shows that the active inventory increased 72% compared to November 2022, and the median closed price was up 12% in November. 

The average DOM (Days on the Market) was 51 days compared to 34 last year for the same month. The median sale price was $576,000.

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Home sellers reveal why they decided to bypass professional representation—and the mistakes they made without a trusted adviser.

Homeowners who decline to use a real estate agent to sell their property are twice as likely to say they weren’t satisfied with the selling experience, according to a new survey from Clever Real Estate(link is external) of 1,000 home sellers in 2022 and 2023. Survey respondents say they realize they likely made less money on their home sale and faced more stress by not having a professional representative.

Those who didn’t use a real estate agent said before their transaction that they think pros are overpaid for what they do and are not more knowledgeable about the homeselling process than the average seller. However, when these respondents reflected on their experience after the transaction, they admitted that they made some mistakes without the help of a pro.

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