The January housing market report for Lee County showed 1,206 properties sold for just over $675 Million during the month. Lee County includes Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel and surrounding areas.
The luxury market remained active with 108 properties sold at or above $1 Million, up from 75 luxury sales during December. The highest price sale was condo in one of the Omega High Rises in Bonita Bay for $6.5 million.
Eighty percent of the top 10 highest priced homes sold in Lee County were luxury golf homes priced between $3,495,000 and $6,500,000. Golf communities represented were Bonita Bay and The Colony at Pelican Landing. On average, homebuyers paid 98% of list price for the top 10 most expensive homes sold in Lee County.
Contact us for all of your swfl real estate needs. Call or text us today.
Naples Golf Guy🏌️♀️ aka Matt Klinowski | Downing Frye Realty
Here's to living the good life in paradise, Matt
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Luxury Homes in New Orleans: Experience Elegance and Sophistication https://bit.ly/3MFbl7J
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The latest Naples weekly real estate recap for the week of June 13th showed 280 homes sold up from 240 sales during the prior week. The highest priced property sold on Gulf Shore Blvd. for $13.5M. In all, 49luxury homes sold above $1M.
Is now a good time to buy or sell a home in Naples, Florida? Let's connect to discuss the latest trends in the Naples housing market. Call or text us today - 239.370.0892.
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Matt Klinowski aka Naples Golf Guy | Downing Frye
Here's to living the good life in paradise, Matt
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Nationwide Bidding Wars Decline—However, competition is still white hot in many cities, including Sarasota, Florida. Buyers in Sarasota, had the most competition in June, with 87% of offers receiving competing bids.
Considering buying a home in Florida? Let's connect to discuss your options - 239-370-0892.
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The Naples Luxury housing market continues to be a top destination for wealthy home buyers. What’s driving the demand?
First, over the past year and a half, we’ve seen a significant increase in wealth driven by gains in the stock market, higher 401(k) plans and even cryptocurrency. In fact, the number individuals with a net worth of $5 million and up who own real estate in the $1 million to $5 million price range has increased 180% over a three-year period.
Nationwide luxury homes purchased between January and August 2021 in this range increased 142% for single-family homes and 129% for attached properties compared to the same period in 2019.
Second, the work from home trend is here to stay. According to a recent Gallup Poll, approximately 70 percent of employees who are currently working from home want to continue to do so either full time or part-time. Additionally, almost half of remote workers (49%) want to work from home full-time. And of those who are working in the office, about 37 percent would prefer to work remotely part-time.
So why do workers want to continue to work from anywhere? The Gallup Poll cited the top motivators where a lack of commute time, improvements to their wellbeing and the flexibility.
As we work with clients, many are looking for larger single-family homes with plenty of space for a home office. With the flexibility to work from anywhere, luxury home buyers have shared they are also looking for a second or third home with access to a wide array of amenities.
Luxury golf communities offer a wide array of amenities, and since Naples is known as the golf capitol of the US it has made our area a prime destination for people looking to enhance their lifestyle.
As the world has evolved over the past two years, private country clubs have undergone significant renovations to enhance their club amenities. From world-class fitness centers, to tennis, pickleball, bocce ball, swimming, spas and new poolside cafe’s with casual dining options.
Ultimately, the increases in wealth in addition to changes in lifestyle choices continue to drive luxury home sales, especially in resort destinations such as Naples. For a list of luxury golf communities which will fit your lifestyle, contact us at 239-370-0892.
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Most expensive home in America defaults on $165 million in debt, heads for sale. The 105,000-square-foot Bel Air estate, known as “The One,” was placed into receivership and is expected to be relisted at a lower price.
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Naples Luxury Housing Trends:
For the past 12 months ending in August overall there was a 96.3 percent increase in the number of homes sold above $2 Million.
Considering your own vacation or 2nd home in Naples? Call me today - 239-370-0892.
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International Buyers Are Trickling Back to South Florida. As travel restrictions lift, international buyers have begun to return to the luxury market, adding another layer to already red-hot demand in South Florida.
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