Greater Naples Real Estate News & Market Trends

Browse our blog for the latest news, trends, market reports and any relevant information about real estate, lifestyle in the Greater Naples area: Naples, Marco Island, Bonita Springs, Estero, Fort Myers, Fort Myers Beach and Cape Coral.
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June 24, 2022

Naples Real Estate Market Report - May - Inventory Heating Up is Good News for Summer Buyers

Naples, FL (June 24, 2022)“May had the highest number of new listings than any May in the last three years.” Fellow brokers who also analyzed the May report are pleased with this trend as it will lead to more options for summer buyers. 

New listings during May pushed the inventory of homes for sale up 58.6% to 2,046 properties compared to 1,290 properties in May 2021.

“Inventory has been rising since December,” said Jeff Jones, Broker at KW Naples. “By the end of May, our inventory in Naples has nearly doubled since the same time a year ago. And if you include the 889 homes that had a price reduction in May to this inventory mix, then we’re in good shape heading into summer. Price reductions are basically like new listings because the home’s new price point becomes a new opportunity to a larger pool of buyers.

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May 23, 2022

Naples Real Estate Market Report - April - Signs Show Naples Housing Market is Regaining Balance.

Naples, FL (May 23, 2022)Overall inventory in Naples during April increased 16.5% to 1,668 properties from 1,432 properties in April 2021. Fueled by a swell of new single-family home listings, up 5.7% over last year, broker analysts reviewing the April 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), are confident the Naples area housing market has reached a crossroad and is making its turn toward a balanced and healthy market.

“It’s been thirty months since we’ve seen this many single-family home sellers enter our market in one month,” said Bill Coffey, Broker Manager of Amerivest Realty Naples. Coffey, along with several top brokers in Naples, say the shift indicates the Naples area housing market is redefining itself. Another major factor that signified the market was self-correcting to a new normal in April were the 549 price reductions (33% of the inventory) during the month.

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May 2, 2022

Major development breaking ground on Immokalee Road in Golden Gate Estates

A local development that includes a 400-unit apartment complex and about 350,000 square feet of commercial construction is expected to break ground this week on nearly 70 acres on Immokalee Road in Golden Gate Estates. 

The property on the west side of Immokalee Road just after it curves north at what is known as the Randall Curve, begins on the northwest corner of where Fourth Street Northeast lines up with Randall Boulevard and ends just beyond the traffic signal at Orange Tree Boulevard, south of Oil Well Road. The Davis Group, a commercial developer based in Atlanta, owns slightly more than 50 acres that it has named Randall at Orangetree on development plans filed with Collier County, while another more than 19 acres interconnected to its north are being jointly developed by Naples-based Barron Collier Companies and Metro Commercial. Peninsula Engineering, one of the Barron Collier Companies, is involved with the development of both properties. 

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Posted in Naples, New Development
April 26, 2022

Naples Real Estate Market Report - March - Rising Inventory Encouraging.

Naples, Fla. (April 22, 2022) – Demand for the Naples lifestyle remains strong as closed sales in March increased 49.9% compared to closed sales reported in February. Although closed sales decreased 36.5% to 1,205 in March 2022 from 1,899 in March 2021, the increase from February to March was a welcome result of a steady wave of new listings. 

According to the March 2022 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), new listings decreased only 4.3% to 1,637 new listings from 1,711 new listings in March 2021. If this wave of new listings remains steady during the coming months, it could mean more options for buyers navigating the area’s limited inventory.

“New listings are almost where they were a year ago,” said Mike Hughes, Vice President and General Manager for DNFY. “Overall, the report showed new listings have risen since the end of last year, over a three-month period.”

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March 26, 2022

Naples Real Estate Market Report - February - Sellers are Taking Advantage of Home Values Hitting Record Highs

Naples, FL (March 25, 2022) – More sellers are motivated to enter the market as home values continue to rise as a result of limited inventory and high demand in the Naples area. 

The overall median closed price in February was $550,000, a 37.5% increase over the median closed price in February 2021. The high demand for homes is demonstrated by the number of showings in February, which was 43,032. When divided by the number of homes in inventory during February (1,176), this translates to 36 showings per home. For perspective, in 2019 there were 2.9 showings per home.
The data also shows that homes sold fast in February, within 23 days on the market, and the% of list price received was 100.6%, which pleased many sellers.

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Feb. 25, 2022

Naples Real Estate Market Report - January - Low Inventory & High Demand Continues to Push Home Prices Up in January

Naples, FL (February 25, 2022) – A 34.5% increase in new listings sparked 19,277 more showings during January compared to new listings and showings reported in December 2021. While an increase in new listings demonstrates a solid start for the real estate market this year, low inventory continues to harness the market’s potential. 

As a result of tight inventory, January sales activity could not meet the level of sales activity reported in January 2021. Historically, month to month sales activity during season ascends through April. But according to broker analysts reviewing the January 2022 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), a 74.9% decrease in inventory for January to 1,122 homes from 4,474 homes in January 2021 will not provide the same level of sales transactions that occurred last season.  

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Feb. 16, 2022

Lower Supply, Higher Prices Continue to Challenge Lee County Home Buyers

Competition among buyers remains fierce as scarce inventory and higher prices continued to define the Lee County Housing Market in January, according to figures released by the Florida Gulf Coast Multiple Listing Service and reported by Royal Palm Coast Realtor Association.

The median sale price for single-family homes jumped 27.5% to $415,000 in January compared to a year ago, while condominiums and townhomes increased 30.9 percent to $294,500. The market saw an inventory decrease of 74.9% for all property types in Lee County versus a year ago.

There were 1,593 homes of all types for sale in Lee County last month, compared to 6,348 last year at this time — a decrease of 74.9%. Days on market until sale came in at 20 days for all property-type homes in Lee County last month, compared with 57 days in January 2021.

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Dec. 23, 2021

Naples Real Estate Market Report - November - Naples Lifestyle Continues to Fuel Demand

Naples, FL (December 22, 2021) – Pre-season buyers descended on the Naples real estate market in November pushing the area’s overall inventory down 76.1% to 1,198 homes from 5,006 homes in November 2020.

Demand for the Naples lifestyle during November also influenced the median closed price which increased 31.3% to $499,000 from $380,000 in November 2020. Broker analysts reviewing the November 2021 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), predict buyer demand to continue as homeowners in Northern states seek lifestyles with fewer COVID-19 restrictions and international buyers seek investments in the U.S. real estate market.

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Dec. 13, 2021

Lee County Housing Market Continues to Favor Sellers

The Lee County housing market continued to favor sellers in November, with the average single-family home selling in 22 days for an average price of $536,680 — a 28% increase over a year ago, the Royal Palm Coast Realtor Association reports. The median home price for the area last month was $379,900 — an 18.7% jump from a year ago — and there were 4.5% fewer new listings compared to November 2020. First-time buyers were particularly hard hit over the past year, as the housing affordability index dropped 13.9% versus a year ago to the lowest levels seen in the area since early 2008, according to RPCRA. In the townhouse/condominium segment, it took 16 days to sell a property for an average sale price of $337,121. A year ago, townhomes and condominiums averaged $280,626 in Lee County and took 72 days to sell. Sellers received 99.3% of the asking price for all property types last month. 

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Dec. 13, 2021

Naples - Gateway Triangle Sale Paves Way for 10-Story Hotel-Condo

The Ellington

Gateway Triangle sale paves way for 10-story hotel-condo project in Naples area

The final slice of the Gateway Triangle sold for $8.6 million Thursday for the redevelopment of a 10-story mixed-use project with hotel rooms and luxury condominiums where U.S. 41 East meets Davis Boulevard on the edge of Naples. The name of the 377,421-square-foot project is The Ellington, targeted to break ground in mid-January with a 20-month build time and a completion date near the end of 2023.

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