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naplesgolfguy · 8 months

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The latest Naples area housing market stats showed 600 properties sold for just over $516 Million. The highest-priced sale was for a single-family home for $15 million in Aqualane Shores. Additionally, 186 of the real estate transactions for the month were at or above $1 Million.

Overall inventory ended the month with 2,583 properties for sale, representing just a 1 percent increase over the same time last year. However, similar to other Southwest Florida cities, the numbers are very misleading. In July of 2019, before the pandemic, Naples had 5200 properties for sale. Inventory ended the month at 50 percent of what we usually have during this time of year.

Additionally, we’ve seen our 4th straight decline in inventory from month to month. At the end of June, we had 2,659 properties for sale. By the end of July, we had 76 fewer properties for sale. Although we keep adding new listings to our inventory, it’s not at the pace we need to keep up with demand, let alone return to a balanced market of 6-7 months’ worth of supply.

Naples Golf Guy | Matt Klinowski | Downing Frye Realty Here's to living the good life in paradise, Matt

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naplesgolfguy · 1 year

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The latest Naples real estate reports showed 636 properties sold for just over $783 Million. The largest sale was for $29,950,000 in Port Royal. Additionally, the luxury market remained strong, with 165 properties sold at or above $1 Million compared to 160 sales during November.

We have set a new record for the highest-priced listing in Naples, Florida at $99,000,000 in Aqualane Shores! A three-acre lot on the Gulf of Mexico with 321 linear feet of beachfront.

The Naples housing market remained stable in terms of value as evidenced by the increase in the median closed price, which increased from $505,000 up to $575,000 or 13.9 percent over December of last year. However, there was a slight decline from November’s median closed price which was $600,000.

On the other hand, some neighborhoods are building inventory. If you are considering a vacation home or second home in SWFL, let's connect to discuss your options.

Matt Klinowski aka Naples Golf Guy | Downing Frye Realty Here's to living the good life in paradise, Matt

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naplesgolfguy · 2 years

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The latest Naples June real estate recap for the area showed 952 properties sold for just over $1 Billion! The largest sale was $10,200,000 for a single-family home in Olde Naples. Additionally, the luxury market remained strong as evident by the 245 properties sold at or above $1 Million.

Learn more about the latest trends in the Naples real estate market...

Matt Klinowski aka Naples Golf Guy | Downing Frye Realty Here's to living the good life in paradise, Matt

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naplesgolfguy · 2 years

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The latest Naples real estate stats for April showed 1,377 properties sold for just over $1.46 Billion! The largest sale was $36M for a single family home in Port Royal. Additionally, the luxury market was still strong as evident by the 358 properties sold at or above $1M.

The demand to live the Naples lifestyle remained strong as evident by the reduction in days on market which was down to just 16 days. Closed sales and pending sales were once again lower than this time last year due to limited inventory.

Now for a bit of good news if you are a buyer. Inventory increased 17 percent ending the month at 1,668. And as of May 25th, there are 1,763 properties for sale. Inventory is almost double what it was in January.

Additionally, the reports showed thirty-three percent or 549 of the properties whet through a price reduction. In the past week alone, there have been 259 price reductions.

To reiterate what we said last month, the price reductions do not mean prices are going below previous closed sales. These reductions are on Naples homes which were originally priced too high and seller’s are starting to adjust their prices to reflect current market conditions.

If you are a buyer, you now have more options. If you are selling, prices are starting to stabilize so you should consider listing your home sooner rather than later.

With nearly 20 years of experience in Southwest Florida, we'll help you make an informed decision when you are ready to sell your home.

Matt Klinowski aka Naples Golf Guy | Downing Frye Here's to living the good life in paradise, Matt

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