Florida Real Estate Trends: Naples, Bonita Springs, Estero and Marco Island

Naples, Bonita Springs, Estero and Marco Island Florida Real Estate Trends

Overall, the latest Florida real estate trends in Naples, Bonita Springs, Estero and Marco Island show the market is healthy. Unlike other areas of the country, we have a good supply of inventory and home prices are increasing steadily. The luxury real estate market, homes priced above $2 million, continues to show significant growth with double digit increases in closed sales year-to-date.

Southwest Florida Real Estate Trends for Naples, Bonita Springs and Estero

Closed sales year-to-date increased slightly from 7,958 closings to 8,104 which was similar to the same time period last year
Luxury Home Sales priced above $2 million increased 18.5 percent year-to-date
Inventory as of August 1st of this year was 6,304 residential properties compared to 6,264 one year ago, this represents a 6.3 month’s supply of properties for sale
New Listings over the past 12 months totaled 17,539, this is a decrease of 14 percent compared to the prior year
Average Sales Price for the last 12 months ending August 31^st increased 8.9 percent up to $568,633
Median Sales Price for the same 12 months increased 3.2 percent to $330,604
Luxury Homes Sales above $2 million increased 4 percent over the past 12 months

Marco Island Florida Real Estate Trends

Closed sales fell from 594 to 558 so far this year
Overall closed sales for the past 12 months declined 8.5 percent from 893 to 817 year over year
Inventory as of August 1st of this year was 561 properties which is down from 651 during the same time in 2017
Over the past 12 months ending August 31st, there were 1,287 listings added to the market which was down from 1,465
The average sales price for the past 12 months increased just under 3 percent from $732,709 up to $752,451
Median sales price remained about the same during the past 12 months at $572,717

Southwest Florida Real Estate Trends for Golf Community Single Family Homes

Audubon Country Club – 12 properties for sale, 22 properties closed over past 12 months and average sales price $972,150

Bonita Bay – 29 properties for sale, 78 properties closed over past 12 months and average sales price $1,159,234

Collier’s Reserve – 8 properties for sale, 19 properties closed over past 12 months and average sales price $1,116,645

Grey Oaks – 31 properties for sale, 58 properties closed over past 12 months and average sales price $2,561,034

Kensington – 8 properties for sale, 18 properties closed over past 12 months and average sales price $971,736

Lely Resort – 88 properties for sale, 115 properties closed over past 12 months and average sales price $647,278

Mediterra – 39 properties for sale, 32 properties closed over past 12 months and average sales price $2,263,321

Olde Cypress – 21 properties for sale, 32 properties closed over past 12 months and average sales price $791,578

Palmira – 23 properties for sale, 41 properties closed over past 12 months and average sales price $576,040

Pelican Bay – 11 properties for sale, 52 properties closed over past 12 months and average sales price $2,037,287

Pelican Bay (Bay Colony) – 5 properties for sale, 6 properties closed over past 12 months and average sales price $3,633,333

Pelican Landing – 23 properties for sale, 36 properties closed over past 12 months and average sales price $723,561

Pelican Landing (The Colony) – 6 properties for sale, 3 properties closed over past 12 months and average sales price $861,667

Pelican Marsh – 25 properties for sale, 44 properties closed over past 12 months and average sales price $1,325,077

Pelican Sound – 1 property for sale, 8 properties closed over past 12 months and average sales price $613,000

Quail Creek – 22 properties for sale, 23 properties closed over past 12 months and average sales price $1,028,674

Quail West – 59 properties for sale, 55 properties closed over past 12 months and average sales price $2,223,702

Tiburon – 7 properties for sale, 8 properties closed over past 12 months and average sales price $1,856,500

Vineyards – 43 properties for sale, 60 properties closed over past 12 months and average sales price $631,278

West Bay Club – 17 properties for sale, 29 properties closed over past 12 months and average sales price $1,277,248

Southwest Florida Real Estate Trends for Golf Community Condos

Bonita Bay – 59 properties for sale, 110 properties closed over past 12 months and average sales price $637,221

Grey Oaks – 9 properties for sale, 13 properties closed over past 12 months and average sales price $1,026,077

Kensington – 18 properties for sale, 19 properties closed over past 12 months and average sales price $434,771

Lely Resort – 96 properties for sale, 138 properties closed over past 12 months and average sales price $296,992

Mediterra – 11 properties for sale, 24 properties closed over past 12 months and average sales price $600,948

Olde Cypress – 4 properties for sale, 6 properties closed over past 12 months and average sales price $423,667

Palmira – 13 properties for sale, 22 properties closed over past 12 months and average sales price $332,959

Pelican Bay – 94 properties for sale, 229 properties closed over past 12 months and average sales price $881,030

Pelican Bay (Bay Colony) – 15 properties for sale, 29 properties closed over past 12 months and average sales price $3,057,810

Pelican Landing – 33 properties for sale, 51 properties closed over past 12 months and average sales price $339,480

Pelican Landing (The Colony) – 51 properties for sale, 40 properties closed over past 12 months and average sales price $853,962

Pelican Marsh – 34 properties for sale, 63 properties closed over past 12 months and average sales price $424,980

Pelican Sound – 21 properties for sale, 70 properties closed over past 12 months and average sales price $302,817

Tiburon – 17 properties for sale, 25 properties closed over past 12 months and average sales price $786,100

Vineyards – 88 properties for sale, 120 properties closed over past 12 months and average sales price $347,358

West Bay Club – 3 properties for sale, 29 properties closed over past 12 months and average sales price $506,345

Begin Your Own Property Search for the Best Luxury Golf Properties:

So, if you’re ready to begin your search for your Southwest Florida Luxury dream home or condo, I encourage you to explore my website to find information about communities in the area. If golf is your game, I specialize in golf community real estate and would be happy to help you navigate the more than 100 different golf communities in our area. If you prefer a more direct approach, I will provide a list of properties that meet your criteria and/or communities that meet your needs.

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 to you to have an agent represent you. In fact, I may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, I will handle all contract negotiations for your property from offer to close!

Bottom Line:

If you’re looking for a focused and results-oriented Realtor in Naples, Bonita Springs or Estero who will help you achieve your Real Estate needs, please reach out to me directly.

Additionally, if you are looking for a golf community expert or your are considering buying or selling a home, a luxury home, luxury vacation home, luxury golf home or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Matthew Klinowski, PA