Lee County May Housing Market Report

The Lee County May Housing Market reports showed 1,981 properties sold for just under $1.1 Billion during the month in Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel, and surrounding areas.

The luxury market saw 179 properties sold at or above $1 Million in May, down from 222 in April. The highest-priced sale was a single-family home on Bonita Beach for $10,400,000.

Notably, golf home sales continued to dominate the real estate market with a staggering 70% of the top 10 highest-priced properties sold. This trend was particularly evident in the Miromar Lakes and Bonita Bay areas, where seven of the most expensive homes were sold, ranging from $3,300,000 up to $6,100,000. These figures underscore the enduring appeal of golf communities among luxury homebuyers, and the continued demand for high-end properties in sought-after locations.

Overall, inventory increased from 7,294 at the end of last May, up to 12,500 at the end of this May. So, with almost twice as much inventory as last year, there are plenty of options for buyers to chose from.

Are you ready to find your own slice of paradise?

Lee County May Housing Market Report – Single-Family Homes

May 2024 versus May 2023 Single Family Home Highlights:

• Closed sales increased 2.7 percent going from 1,428 transactions up to 1,466 sales.
• Pending sales increased 5.4 percent up from 1,342 last May to 1,415 this May.
• Inventory increased 82.8 percent up to 8,150 properties for sale compared to this same time last year when 4,458 homes were for sale.
• New listings increased from 1,746 up to 1,791 which was a 2.6 percent increase.
• Median days on market increased to 50 days, a 66.7 percent increase, versus May of 2023.
• Available inventory of single-family homes ended May with a 7.1 months supply of homes available for sale, up from a 4 months supply during May of 2023.

Inventory of single-family homes was up significantly over last year as well as the previous month. Ultimately, the month ended with a 7.1 month supply of homes for sale, which was up from 5.1 months supply in April.

Unlike, the last month, the median sales price decreased over the same time last year. In the same way, the price decreased from $540,000 in April down to $415,000 in May. Thus, from a buyer’s perspective, there continued to be more options to choose from than the prior month.

Additionally, prices vary by neighborhood. A key factor is the available inventory within the neighborhood. As inventory increases, prices tend to go down presenting buyers with more opportunities.

Contrary to last month, the number of days from listing a home to contract increased from 40 days during the previous month up to 50 days in May. Similarly, it was still a notable increase over the prior year when it was just 30 days. So, if you are considering selling, it’s critical to price your home competitively from day one. Not sure what your home is worth? Call, email, or text us for a FREE market analysis – 239.370.0892.

Or, if you are planning to buy a property, now is a good time to start watching the communities you are most interested in using our automatic property alerts. Not sure which communities fit your lifestyle? Contact us and we’ll help you target the neighborhoods that offer the amenities and lifestyle you would like to enjoy.

Lee County May Housing Market Report – Condos and Townhomes

May 2024 versus May 2023 Condo Highlights:

• Condo sales decreased 16.1 percent going from 614 real estate transactions down to 515 sales.
• Pending sales decreased 24.9 percent down from 538 last May down to 4404 this May.
• Inventory increased 122.9 percent up to 4,351 condos for sale compared to last May when there were only 1,952 units for sale.
• New listings decreased from 675 down to 641 which was a 5 percent drop.
• Median days to contract was 55 days which represented a 103.7 percent increase versus May of 2023.
• Available inventory of condos ended May with a 10 months supply of properties available for sale which was a 143.9 percent increase over last year.

Ultimately, Lee County finished the month with a 10-month supply of condos for sale, up from a 9-month supply during the prior month. So, it is a buyers’ market if you plan to purchase a condo in Lee County.

 

Similar to the single family home market, there was a notable increase in condo inventory over the prior month. The number of condos for sale rose 9 percent compared to April. If you’re a buyer, the increased condo supply is good news as there are more options available. If you are a seller, you should assess the other properties available to ensure you are in line with the current market value.

 

Once again, days on market increased from month-over-month from 40 days in April up to 50 days in May. Yet, it was still well above last year when it only took 27 days for a property to go to contract.

 

Also, the median condo price ended the month at $340,000 which was down from the prior year when it was $350,250 and it was also down significantly from the prior month when it was $540,000.

 

Finally, 60 percent of condo transactions were cash sales which was down from 70 percent during the previous month. Therefore, if you plan on leveraging a loan for your condo purchase, be aware you’re still competing with cash buyers.

 

Regardless of when you plan to purchase now or sometime in the future if you are a buyer, it may be time to take a closer look at homes for sale in neighborhoods that might fit your criteria. To stay up to date sign up for automatic property alerts.

Not sure if you should sell? We will provide you with the latest market data for your neighborhood and help you decide if it makes sense to list your property. If you decide to move forward, together we will determine the optimum selling price.

Southwest Florida May Housing Market Report

Lee County May Housing Stats – Single Family Homes 2024

Lee County May Housing Stats – Condos May 2024

Naples Golf Guy Monthly Market Report

Recently Listed Golf Properties

Ready for a Florida Vacation Home or Second Home?

If you’re ready to find your dream home or condominium in Southwest Florida, we invite you to explore our website for comprehensive information about the local communities. For golf enthusiasts, we specialize in real estate within golf communities.

With over 200 different golf communities in the area, navigating the various membership options, golf course designs, and amenities can be overwhelming. We will provide you with a curated list of the top private golf communities that align with your lifestyle.

Considering new construction? Keep in mind that the contractor’s real estate agent represents the builder’s interests, not yours. Our representation can help you save money and negotiate for extras.

We also handle all contract negotiations through paperless transactions, ensuring a smooth process from offer to close.

Results You Can Count On

The Naples Golf Guy Team, as seen on Forbes, will provide extraordinary customer service with an emphasis on detail. Professionalism, integrity and discretion are not goals, they are standards. We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. Or, for buyers, we will help you find the community that will offer the ultimate Florida lifestyle in Paradise.

About Naples Golf Guy

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Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

June 27th, 2024 Posted by Matt

 SWFL Golf Properties Just Listed

Preview SWFL golf properties just listed for sale in Naples, Bonita Springs, Estero, Fort Myers, Bradenton, and Sarasota! Are you ready to buy or sell a luxury golf home in Southwest Florida?

There are more than 200 golf courses in southwest Florida. Over 90% of these golf courses require you to be a resident or purchase a social or golf membership. From private equity golf clubs to bundled golf communities, we have a home or condo that will fit your lifestyle.

Also, if you’re wondering why you should choose Southwest Florida, in addition to significant tax advantages (did I mention there is no state income tax, low property taxes, and no inheritance tax?), we have perfect weather and an abundance of outdoor activities, shopping, and dining to suit everyone’s lifestyle.

So, whether you are considering relocating to our area or you are looking to buy your dream home, a second, third, or fourth home, check out some of the Top Private Golf Clubs and golf homes for sale in Southwest Florida Golf Communities on the market today!

SOUTHWEST FLORIDA GOLF COMMUNITY PROPERTIES FOR SALE

NAPLES Golf Community Properties for Sale

BONITA SPRINGS Golf Community Properties for Sale

ESTERO Recently Golf Community Properties for Sale

FORT MYERS Golf Community Properties for Sale

BRADENTON Golf Community Properties for Sale

SARASOTA Golf Community Properties for Sale

Which Golf Community is Right for You?

With more than 200 golf communities in Southwest Florida, finding the perfect one to call home doesn’t just feel intimidating, it is. Different golf clubs offer different amenities, courses and lifestyles. So, to discover what truly feels right for you requires an insider’s perspective.

From private equity golf clubs to bundled golf communities, we have a home or condo that will fit your lifestyle. With more than 20 years of experience, we can help narrow down the list of communities to those that fit your lifestyle and housing options. We will help turn the process into an easy and enjoyable one.

Our vast relationships with all the golf communities from Naples to Sarasota allow us to serve our clients by providing relevant and current information about various golf communities in Southwest Florida. We’ll help you understand the difference between our bundled golf communities and our equity/non-equity golf communities. There are advantages and disadvantages to each type of membership and community.

Once we know how often you play, other desired club amenities, property type, and a desired price range we can help you narrow the list of clubs down to a handful that will potentially offer you the Florida golf lifestyle you are looking for. Let’s get started, call 239.370.0892 or email us today.

Time to Move to Florida?

Considering a move to Florida? You aren’t the only one. The 2023 U.S. Migration Report published by North American Van Lines analyzes population shifts in the United States. With this data, we can better understand which states have the highest uptick in outbound and inbound movers. Florida was ranked the fifth top inbound state in 2023. 51% of the moves were inbound new residents and 49% were outbound. 

There are many reasons why people are choosing to relocate to Florida. For starters, the state has beautiful beaches, relatively low taxes and retiree-friendly prices. Three counties in the state are experiencing a significant influx of movers. Here’s how they compare:

1. Lee County

Lee County is located on the Gulf Coast and includes popular cities like Fort Myers, Bonita Springs, and Captiva. The county is known for its pristine beaches and outdoor recreation. While the county population is only around 800,000, experts suggest this number could surpass one million by 2030. The county is experiencing drastic growth due to the influx of job opportunities and a competitive housing market. 

In the past few years, companies like Amazon and Ferguson have built massive facilities, opening doors to new job opportunities in the area. According to BestPlaces, the average cost of a home is around $380,000. Even though this is slightly higher than other counties in Florida, it’s still relatively affordable compared to other states and cities. 

2. Sarasota County 

Along the western coast of Florida is Sarasota County, home to just over 433,000 residents. It’s known for its great weather, superb school districts and always-growing workforce. U.S. News and World Report ranked Sarasota County #18 as the best place to retire and #11 as the best place to live. The median age for the county is around 50 years old. However, since the county is also home to some of the best colleges in the state, there’s also a larger college student population. While many college-aged residents will part ways with Sarasota when they graduate, retirees are ready to settle down for good and enjoy everything Florida offers.

According to Zillow, the average cost of a house is $463,088, an increase of 0.8% year over year. As the county continues to grow and sees a significant uptick in inbound movers, this may continue to drive housing costs in the next few years. 

3. Collier County

Perfectly situated on the south end of Florida is Collier County, with a slightly smaller population of around 375,000 and home to three different Florida cities: Everglades City, Marco Island and Naples. The county is known for its white sand beaches, outdoor attractions, and proximity to the Everglades’ wildlife. Many families and individuals are moving to neighborhoods in this county because of the lower property tax, quality of life and accessibility to some of the best beaches in the state.

Over the years, property inventory has significantly increased. According to the Naples Area Board of REALTORS®, the overall inventory increase is 45.9%, with over 1,000 more homes added to the market than in 2022. Even with the significant increase in inventory, demand has continued to push the cost of housing up. 

According to Zillow, the average cost is around $612,024, a 2.2% increase year-over-year.

Florida is a predominant destination because of affordable housing, cost of living and the quality of life. We expect Florida to continue to see an influx of new residents over the coming years. According to the 2023 Migration Map, the rising cost of inflation and lack of affordable housing is causing many Americans to wave goodbye to states like Illinois, California and Pennsylvania to settle down in a state that can provide a better quality of life – and Florida is one of the best places to consider. 

June 20th, 2024 Posted by Matt

Esplanade Condo Sold

Another Esplanade condo sold!  Listed by the Naples Golf Guy team, we also found the perfect buyer for this well-appointed unit in Esplanade Golf and Country Club in Naples, Florida. One of the newest golf communities in the area, the development is gated and boasts a wide array of amenities.

8769 Bellano Ct. Unit 204 Naples, FL – Sales Price $933,000

More About this Esplanade Condo:

FULL GOLF MEMBERSHIP INCLUDED with this second floor end unit. This spacious verandah home is light and bright and offers breathtaking views of the 8th hole of the golf course.

A Romano coach home has an an open floor plan with full hurricane impact windows and doors. The chef’s kitchen features a large stone island perfect for entertaining, stainless steel appliances, large pantry and plenty of cabinet space.

The primary suite is surrounded by a peaceful golf course view and includes a modern en-suite bathroom with a walk-in shower, dual sinks and a large closet. The split-floor plan offers plenty of privacy with the remaining bedrooms on the opposite side of the home.

The outdoor lanai has zero corner sliding doors that allow you to expand your indoor/outdoor living space.

Conveniently located near the Bellano satellite pool and guest parking.

• Furnished
• Three Bedrooms plus Den
• Three Bathrooms
• 2,393 Square feet under air
• Year Built: 2018

Are considering selling? You have an opportunity to maximize the value of your home in today’s real estate market. Call or text us today – 239.370.0892.

More About Esplanade Golf and Country Club

Esplanade is the newest bundled Golf community in Naples Florida. A private gated community that features beautiful homes and condos overlooking the golf course. The 18-Hole Championship Golf Course recently was designed by architect Chris Wylczinski.

In addition to the golf course, residents have access to a wide array of amenities.  The community includes a brand new clubhouse, tennis courts, pickleball, culinary center, dog park, fitness center, walking trails, resort-style pool, spa and tiki bar.

The Esplanade Golf and Country Club is located approximately three miles east of I-75 on Immokalee Road.  Overall, this Naples Golf Community includes approximately 1,798 acres.  Residents and their guests will be able to enjoy more than 1,000 acres natural preserves, wetlands and 170 acres of lakes. The community consists of approximately 1121 residential units. Learn more about Esplanade…

Esplanade by the Islands Condo New Price

This Esplanade by the Islands condo has a new price! The popular Bellisimo floor plan is ready for a quick move-in so you can start enjoying everything South Naples has to offer.

15257 Zeno Way Unit 203, Naples Florida 34114 – NEW Price $669,900

More About This Esplanade by the Islands Condo

Why wait for new construction when you can move right into this meticulously maintained and bright condo in one of Naples newest communities. The condo features upgrades such as Luxury Vinyl flooring, an Electric fireplace in the main living area.

The kitchen boasts shaker cabinets with crown molding. Quartz countertops, tray ceilings and higher-end light fixtures.

The entire property is hurricane-protected via Impact glass and an automatic Storm-Smart roll down screen in the lanai.

Inside the gates of the community you’ll get to enjoy amazing brand new amenities, set to open very soon. Lay out in the sun at the satellite pool, only steps from your front door. And entertaining guests couldn’t be easier in your spacious living area and covered lanai.

Finally, downtown Naples and Marco Island, both short drives away, offer incredible restaurant and entertainment values.

• 3 Bedrooms
• 2.5 Bathrooms
• 2,343 Square feet under air
• Built in 2022

View 3D walkthrough…

Sop by our open house Sunday March 2nd from 1-4 PM or contact us for a private tour at 239-777-8870.

June 14th, 2024 Posted by Matt

Talis Park Corsica Villa Sold

Another Talis Park Corsica Villa sold! The epitome of luxury living, this spacious coach home in Talis Park is nestled in a world-class golf community in North Naples.

16394 Corsica Way S. Unit 101 Naples, FL 34110 – Sales Price $1,400,000

Learn More About This Talis Park Corsica Villa:

This 1st floor unit with volume ceilings has a wide open floorplan. Most importantly, a full golf membership is transferrable to the new owners, allowing them to skip a multi-year waitlist.

The “Messina” model floor plan lives like a single family home. Best of all, you can lock it and leave the unit and all the exterior maintenance is included.

A CHEF’s DREAM KITCHEN with oversized island, KitchenAid stainless steel appliances including a NATURAL GAS stove and beverage cooler.

Finally, the lanai’s outdoor kitchen includes a natural gas grill, with a private lanai overlooking a serene lake and offers plenty of privacy.

• 3 Bedrooms
• 3.5 Bathrooms
• 2,532 Square feet under air
• Built in 2016

Call us today for a private tour at 239.370.0892.

More about Talis Park:

Greg Norman and Pete Dye designed Talis Park’s AWARD WINNING golf course. Additionally, those with a golf membership will enjoy world-class practice facilities including a full grass driving range, two short game areas and putting green. Recently, the club added an indoor Trackman Golf Simulator.

Further, the golf course features 133 acres of manicured turf and is just over 7,000 yards from the tips.

Also, all residents have access to multiple dining options, clubhouse, Har-Tru tennis courts, Pickleball courts, bocce ball, fitness center, full-service spa, basketball court, dog park, walking trails, and private beach shuttle to Vanderbilt Beach.

Learn more about Talis Park…

Are you considering selling your home in Talis Park? Let’s connect to discuss how the market has changed and what your home is worth in today’s market – 239.370.0892.

Southwest Florida Gulf Coast Golf Community Trends

Your go-to resource for Southwest Florida gulf coast golf community real estate trends for Naples, Bonita Springs, Estero, Fort Myers, Bradenton, Lakewood Ranch, and Sarasota.

Below you will find highlights for the latest real estate statistics for single-family golf homes and golf condos in our area for the past 12 months.

Florida Gulf Coast Golf Community Trends – Single Family Homes

NAPLES Florida Golf Community Real Estate Trends – Single Family Homes

Audubon Country Club – 5 properties for sale, 21 properties closed over the past 12 months and average sales price $2,689,977

Collier’s Reserve – 5 properties for sale, 14 properties closed over the past 12 months and average sales price $2,949,170

Greyhawk at GC of the Everglades – 17 properties for sale, 24 properties closed over the past 12 months and average sales price $1,448,594

Grey Oaks – 24 properties for sale, 40 properties closed over the past 12 months and average sales price $4,741,563

Kensington – 5 property for sale, 9 properties closed over the past 12 months and average sales price $1,674,556

Lely Resort – 34 properties for sale, 81 properties closed over the past 12 months and average sales price $1,373,743

Mediterra – 21 properties for sale, 24 properties closed over the past 12 months and average sales price $4,287,190

Olde Cypress – 8 properties for sale, 28 properties closed over the past 12 months and average sales price $1,549,711

Pelican Bay – 31 properties for sale, 19 properties closed over the past 12 months and average sales price $5,269,342

Pelican Bay (Estates at Bay Colony) – 3 properties for sale, 0 properties closed over the past 12 months

Pelican Marsh – 15 properties for sale, 36 properties closed over the past 12 months and average sales price $2,066,194

Quail Creek – 16 properties for sale, 18 properties closed over the past 12 months and average sales price $2,725,833

Quail West – 17 properties for sale, 43 properties closed over the past 12 months and average sales price $4,846,740

Talis Park – 4 properties for sale, 6 properties closed over the past 12 months and average sales price $4,816,611

Tiburon – 1 property for sale, 11 properties closed over the past 12 months and average sales price $3,714,091

Treviso Bay – 6 properties for sale, 20 properties closed over the past 12 months and average sales price $2,264,625

Vineyards – 27 properties for sale, 40 properties closed over the past 12 months and average sales price $1,281,248

BONITA SPRINGS Florida Golf Community Real Estate Trends – Single Family Homes

Bonita Bay – 25 properties for sale, 35 properties closed over the past 12 months and average sales price $2,463,371

Palmira – 6 properties for sale, 30 properties closed over the past 12 months and average sales price $983,342

Pelican Landing – 14 properties for sale, 37 properties closed over the past 12 months and average sales price $1,584,930

Pelican Landing (The Colony) – 3 properties for sale, 8 properties closed over the past 12 months and average sales price $2,919,375

ESTERO Florida Golf Community Real Estate Trends – Single Family Luxury Homes

Miromar Lakes – 23 properties for sale, 39 properties closed over the past 12 months and average sales price $2,460,321

Pelican Sound –  0 properties for sale, 9 properties closed over the past 12 months and average sales price $1,009,100

Shadow Wood – 6 properties for sale, 47 properties closed over the past 12 months and average sales price $1,646,458

West Bay Club – 3 properties for sale, 18 properties closed over the past 12 months and average sales price $1,570,994

FORT MYERS Florida Golf Community Real Estate Trends – Single Family Luxury Homes

Gulf Harbour Yacht and Country Club – 5 properties for sale, 19 properties closed over the past 12 months and average sales price $1,766,105

The Forest – 7 properties for sale, 24 properties closed over the past 12 months and average sales price $698,063

BRADENTON Florida Recent Golf Community Real Estate Trends – Single Family Luxury Homes

Concession – 7 properties for sale, 17 properties closed over the past 12 months and average sales price $3,625,119

Founders Club – 7 properties for sale, 12 properties closed over the past 12 months and average sales price $2,375,438

Esplanade at Lakewood Ranch – 20 properties for sale, 65 properties closed over the past 12 months and average sales price $967,176

Esplanade at Azario – 15 properties for sale, 104 properties closed over the past 12 months and average sales price $1,141,344

SARASOTA Florida Golf Community Real Estate Trends – Single Family Luxury Homes

TPC Prestancia – 10 properties for sale, 16 properties closed over the past 12 months and average sales price $1,135,531

Florida Gulf Coast Golf Community Trends – Condos

NAPLES Florida Golf Community Real Estate Trends –  Condos

Audubon Country Club – 1 property for sale, 2 property closed over the past 12 months $1,687,000

Grey Oaks –  3 properties for sale, 15 properties closed over the past 12 months and average sales price $3,044,600

Hammock Bay – 32 properties for sale, 30 properties closed over the past 12 months and average sales price $759,300

Kensington – 6 properties for sale, 21 properties closed over the past 12 months and average sales price $886,238

Lely Resort – 90 properties for sale, 127 properties closed over the past 12 months and average sales price $600,448

Mediterra – 14 properties for sale, 20 properties closed over the past 12 months and average sales price $2,315,125

Pelican Bay – 159 properties for sale, 248 properties closed over the past 12 months and average sales price $2,081,063

Pelican Marsh – 17 properties for sale, 52 properties closed over the past 12 months and average sales price $818,694

Talis Park – 20 properties for sale, 28 properties closed over the past 12 months and average sales price $1,594,981

Tiburon – 20 properties for sale, 21 properties closed over the past 12 months and average sales price $1,562,429

Treviso Bay – 20 properties for sale, 69 properties closed over the past 12 months and average sales price $607,525

Vineyards – 38 properties for sale, 73 properties closed the over past 12 months and average sales price $713,914

BONITA SPRINGS Florida Golf Community Real Estate Trends – Condos

Bonita Bay – 83 properties for sale, 155 properties closed over the past 12 months and average sales price $1,470,018

Palmira – 6 properties for sale, 16 properties closed over the past 12 months and average sales price $679,219

Pelican Landing – 25 properties for sale, 54 properties closed over the past 12 months and average sales price $596,963

Pelican Landing (The Colony) – 49 properties for sale, 37 properties closed over the past 12 months and average sales price $1,433,345

ESTERO Florida Golf Community Real Estate Trends – Condos

Miromar Lakes – 25 properties for sale, 32 properties closed over the past 12 months and average sales price $1,162,403

Pelican Sound – 8 properties for sale, 34 properties closed over the past 12 months and average sales price $614,835

Shadow Wood – 9 properties for sale, 20 properties closed over the past 12 months and average sales price $653,175

West Bay Club – 19 properties for sale, 20 properties closed over the past 12 months and average sales price $816,150

FORT MYERS Florida Golf Community Real Estate Trends – Condos

Gulf Harbour Yacht and Country Club – 47 properties for sale, 82 properties closed over the past 12 months and average sales price $821,687

The Forest – 25 properties for sale, 45 properties closed over the past 12 months and average sales price $313,353

BRADENTON Florida Golf Community Real Estate Trends – Condos

Esplanade at Lakewood Ranch – 14 properties for sale, 12 properties closed over the past 12 months and average sales price $506,292

Esplanade at Azario – 5 properties for sale, 31 properties closed over the past 12 months and average sales price $554,174

SARASOTA Florida Golf Community Real Estate Trends – Condos

TPC Prestancia – 8 properties for sale, 5 properties closed over the past 12 months and average sales price $470,100

Bonita Bay Home Sold!

This spectacular Bonita Bay home sold to a fantastic couple! Located in the Hidden Harbor neighborhood, this custom-built home features a large pool and spa on an extended lanai.

27411 Hidden River Ct. Bonita Springs, FL – Sales Price $2,800,000

More About Bonita Bay Home Sold:

The home features a wide open living kitchen and living area with soaring ceilings. With four bedrooms and a den, there is plenty of space for the entire family or entertaining friends.

The outside lanai space includes a large outdoor kitchen under cover, with gas grill and beverage cooler. A large pool and spa with spectacular views of the tranquil lake behind the home.

• Four Bedrooms Plus Den
• Four and a Half Bathrooms
• 4,670 Square feet under air
• Three Car Garage
• Year Built: 1995

So, if you are considering selling, you still have an opportunity to maximize the value of your home. Call or text us today – 239.370.0892.

More About Bonita Bay

Bonita Bay Club West is a private golf club located in Bonita Springs.  There are 3 courses at this location and 2 additional courses located at Bonita Bay East in north Naples.  In all, there are 5 courses, 18 Har-Tru tennis courts(9 lighted), pickleball, state-of-the-art fitness center, spa & salon and 12 miles of jogging & nature trails.

Additionally, Bonita Bay is one of the few golf communities which also offers members access to a marina with Gulf access as well as a private beach club.

Bonita Bay is a classic example of how to preserve the natural setting of an area. Since members can play any of the five courses, this is truly a great value and a great place to live. It is not uncommon to see deer, turkey, wild boar, and other animals on the Bonita Bay links, especially on the East courses.

Learn more about Bonita Bay…

April Real Estate Activity for Naples Florida

The most recent April real estate activity reports revealed a total of 999 properties were sold, amounting to just over $1.39 Billion in sales for the month. Notably, the highest-priced sale was a Port Royal estate that fetched $25,000,000.

Furthermore, the Naples luxury real estate market experienced a significant increase in high-value transactions, with 374 properties sold at or above $1 million, compared to 270 transactions recorded in the previous month. This rise can be partly attributed to the release of the fourth tower at Kalea Bay, which saw the closing of 90 high-rise luxury condominiums.

The overall inventory at the end of the month stood at 5,139 properties for sale, marking a substantial 68 percent increase compared to the same period last year and a 2.7 percent increase from the previous month. Despite this upward trend, sellers are also making strategic adjustments, resulting in 2,365 price decreases in the same month to stay competitive in the market.

Naples is a fantastic place to live, and the reasons are abundant! Florida’s appeal among home buyers is undeniable, especially for golf enthusiasts. According to a study by the relocation site My Baggage, Florida is ranked as the best golfing state in the country, boasting over 1,100 golf courses, with more than 70 right here in the Naples area.

Beach lovers will find their paradise in Naples, home to one of the Top 10 Beaches in the U.S., as ranked by Dr. Beach. Delnor-Wiggins Pass State Park earned the 8th spot in the nation, making our Paradise Coast even more irresistible.

And if that’s not enough, consider this: US News & World Report ranked four Gulf Coast cities among the top 50 places to live in the U.S. Naples proudly claimed the No. 1 spot, with Sarasota at No. 11, Tampa at No. 35, and Ft. Myers at No. 37. With accolades like these, it’s clear why so many are choosing to call Naples home!

April Real Estate Activity

April 2024 versus April 2023 Highlights

• Closed sales decreased 4 percent compared to April of last year.
• Overall pending sales decreased 0.7 percent versus the same time in 2023.
• Inventory increased 68 percent up from 3,118 homes up to 5,240 homes for sale.
• Average days on market increased 25 percent up to 66 days compared to April of 2023.

In the month of April, a total of 999 properties were sold in the real estate market, consisting of 462 single-family homes and 537 condos. This marked a 4 percent increase in sales compared to the previous year. This is the first month closed sales have exceeded past years’ monthly comparable sales since June 2021.

Year-over-year, the median price for single-family homes fell to $793,750 from $820,000, while condos saw a slight increase from $525,000 to $527,000.

Interestingly, the average number of days it took for a property to sell remained relatively stable, with a slight decrease from 68 to 66 days between March and April. However, this figure still falls short of the typical 120 days seen in a robust market.

As the season transitions, it is crucial for sellers to set the right prices, while buyers can benefit from an increased inventory of available properties.

When it comes to navigating the intricate real estate market, whether you are buying or selling, the Naples Golf Guy team is here to assist you. Our team consists of dedicated REALTOR® professionals who possess the knowledge and experience to offer you precise and up-to-date market information.

Feel free to reach out to us via phone, email, or text at 239.370.0892 to fulfill all your real estate requirements.

Top 10 Luxury Naples Golf Home Sales in April

• $19,600,000 – 6951 Verde Way in Pelican Bay with 8,266 sq. ft. (100% of list price)
• $9,250,000 – 1399 Great Egret Trail in Grey Oaks with 7,610 sq. ft. (93% of list price)
• $7,250,000 – 8665 Bay Colony Dr. Unit 1203 in Pelican Bay with 3,390 sq. ft. (97% of list price)
• $6,895,000 – 1622 Chinaberry Way in Grey Oaks with 5,368 sq. ft. (100% of list price)
• $6,750,000 – 8231 Bay Colony Dr. Unit 1903 in Pelican Bay with 3,450 sq. ft. (100% of list price)
• $6,100,000 – 1613 Chinaberry Way in Grey Oaks with 3,958 sq. ft. (94% of list price)
• $5,750,000 – 8473 Bay Colony Dr. Unit 1803 in Pelican Bay with 3,200 sq. ft. (93% of list price)
• $5,150,000 – 8473 Bay Colony Dr. Unit 602 in Pelican Bay with 2,860 sq. ft. (98% of list price)
• $4,725,000 – 6338 Burnham Rd. in Quail West with 4,769 sq. ft. (100% of list price)
• $4,470,000 – 739 Saint Georges Ct. in Audubon with 3,680 sq. ft. (99% of list price)

New Listings in Golf Communities

So, if you just want to keep an eye on the market, we can set up a custom property search that is fully automated or sign up for automatic property alerts.  Please feel free to call us any time to set up the alerts for you based on your criteria.

Lee County April Housing Market Report

The Lee County April Housing Market reports showed 1,421 properties sold for just over $925 Million during the month in Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel, and surrounding areas.

The luxury market saw 222 properties sold at or above $1 Million in April, up from 158 in March. The highest-priced sale was a single family home in Miromar Lakes for $7,750,000.

Notably, eighty percent of the top 10 highest-priced properties sold were in golf communities including Miromar Lakes, Quail West, Bonita Bay, and The Colony at Pelican Landing.

Overall, inventory increased from 3,719 at the end of last April, up to 7,294 at the end of this April. So, with almost twice as much inventory than last year, there are plenty of options for buyers to chose from.

Are you ready to find your own slice of paradise?

Lee County April Housing Market Report – Single-Family Homes

April 2024 versus April 2023 Single Family Home Highlights:

• Closed sales increased 8.6 percent going from 747 transactions up to 811 sales.
• Pending sales increased 1.4 percent up from 768 last April to 779 this April.
• Inventory increased 81.2 percent up to 3,305 properties for sale compared to this same time last year when 1,824 homes were for sale.
• New listings increased from 845 up to 991 which was a 17.3 percent decrease.
• Median days on market increased to 40 days which was an 90.5 percent increase versus April of 2023.
• Available inventory of single-family homes ended April with a 5.1 months’ supply of homes available for sale which was up from a 2.9 months’ supply during April of 2023.

Inventory of single-family homes was up significantly over last year. However, unlike previous months there was a significant decline in supply of homes for sale from March to April. As a result, the month ended with a 5.1 month supply of homes for sale, which was down from 6.5 months supply. Part of the decline in supply is due to homeowners taking their properties off the market for the summer months which is our slow season.

Unlike, the last couple of months, the median sales price increased over the same time last year. In the same way, the price increased from $418,000 in March up to $540,000 in April. Thus, from a buyer’s perspective, there continued to be more options to choose from than the prior month. Additionally, prices remain stable.

Interestingly, the number of days from listing a home to contract decreased from 60 days during the previous month down to 40 days in April. Yet, it was still a notable increase over the prior year when it was just 21 days. So, if you are considering selling, it’s critical to price your home competitively from day one. Not sure what your home is worth? Call, email, or text us for a FREE market analysis – 239.370.0892.

Or, if you are planning to buy a property, now is a good time to start watching the communities you are most interested in using our automatic property alerts. Not sure which which communities fit your lifestyle? Contact us and we’ll help you target the neighborhoods which offer the amenities and lifestyle you would like to enjoy.

Lee County April Housing Market Report – Condos and Townhomes

 

April 2024 versus April 2023 Condo Highlights:

• Condo sales increased 0.5 percent going from 607 real estate transactions up to 610 sales.
• Pending sales decreased 0.7 percent down from 577 last April down to 573 this April.
• Inventory increased 110.5 percent up to 3,989 condos for sale compared to last April when there were only 1,895 units for sale.
• New listings increased from 780 up to 852 which was a 9.2 percent jump.
• Median days to contract was 52 days which represented a 108 percent increase versus April of 2023.
• Available inventory of condos ended April with an 9 months supply of properties available for sale which was a 130.8 percent increase over last year.

Ultimately, Lee County finished the month with a 9-month supply of condos for sale, up from a 8.5-month supply during the prior month. So, it is a buyers market if you plan to purchase a condo in Lee County.

 

Unlike the single family home market, there was a modest increase in condo inventory over the prior month. The number of condos for sale rose 5.7 percent compared to March. If you’re a buyer, the increased condo supply is good news as there are more options available. If you are a seller, you should assess the other properties available to ensure you are in-line with the current market value.

 

Contrary to the previous month, days on market increased from 51 days in March up to 52 days in April. Yet, it was still well above last year when it only took 25 days for a property to go to contract.

 

Also, the median condo price ended the month at $339,700 which was down from the prior year when it was $347,500 and it was also down $300 from the prior month when it was  also $340,000.

 

Finally, 70 percent of condo transactions were cash sales which was up from 65 percent during the previous month. Therefore, if you plan on leveraging a loan for your condo purchase, be aware you are still competing with many cash buyers.

 

Regardless of when you plan to purchase now or sometime in the future, if you are a buyer, it may be time to start taking a closer look at homes for sale in neighborhoods that might fit your criteria. To stay up to date sign up for automatic property alerts.

Not sure if you should sell? We will provide you with the latest market data for your neighborhood and help you decide if it makes sense to list your property. If you decide to move forward, together we will determine the optimum selling price.

Southwest Florida February Housing Market Report

2024 Lee County April Housing Market Stats – Single Family Homes

2024 Lee County April Housing Market Stats – Condos

Naples Golf Guy Report – Summer Edition

Recently Listed Golf Properties

Ready for a Florida Vacation Home or Second Home?

If you are ready to begin your search for your dream home or condominium in Southwest Florida, we encourage you to explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate.

There are more than 200 different golf communities in our area. Most of them have a private golf course within the community.  It can be challenging to navigate the plethora of communities, membership options, golf course design, amenities, and more. We will help provide you with a list of the top private golf communities which match your lifestyle.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. We may be able to help you save money and negotiate for extras.

Lastly, we will manage all contract negotiations via paperless transactions for your property from offer to close!

Results You Can Count On

The Naples Golf Guy Team, as seen on Forbes, will provide extraordinary customer service with an emphasis on detail. Professionalism, integrity and discretion are not goals, they are standards. We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. Or, for buyers, we will help you find the community that will offer the ultimate Florida lifestyle in Paradise.

About Naples Golf Guy

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Contact Matt:  Matt@NaplesGolfGuy.com

or at 239-370-0892

June 1st, 2024 Posted by Matt