Naples December Real Estate Recap

2022 Naples December Real Estate Recap

Naples October Real Estate Recap 2022The Naples December real estate recap 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. View the highest property in Southwest Florida…

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.

Overall, inventory more than doubled over this time last year. It rose from 1,195 to 2,465 properties for sale. However, the numbers are very misleading. At the end of 2019 we had 6,389 properties for sale and 2018 finished the year with 7,108 properties for sale. Inventory ended the month at less than half of what it was before the pandemic.

As we move forward, the question is what will happen to inventory as well as home prices. Unlike the last 12 months, inventory increases from month-to-month have slowed. For example, we ended November with 2,465 properties for sale. So we only had a net increase of 13 properties added to our inventory. Since season is well underway, industry experts do not expect a significant influx of properties to the market. Therefore, due to the limited inventory, home prices will continue to rise.

Additionally, 62 percent of our December sales were cash transactions which is up 2 percent over the prior year. Although the percentage of cash transactions remains high compared to other areas of the country, unlike the last couple of years, Seller’s are more open to Buyers using financing.

Finally, everyone continues to ask about the impact of Hurricane Ian on home prices. According to a recent study, home prices in hurricane impacted areas in Florida rose 5 percent higher than other areas during the three-year period after a storm. The study which is set to be published in the March issue of the Journal of Environmental Economics and Management also found that hurricanes did not change the long-term demand for housing in areas hit by the storms.

Naples December Real Estate Recap

Naples December Real Estate Recap 2022

December 2022 versus December 2021 Highlights

  • Closed sales decreased 42 percent compared to December of last year.
  • Overall pending sales decreased 34 percent versus the same time in 2021.
  • Inventory increased 106 percent up from 1,195 homes to 2,465 homes for sale.
  • Average days on market increased 82 percent up to 49 days.

In all, there were 335 single-family homes and 301 condos sold for a total of 636 sales during the month, which was a 42 percent decrease compared to the same time last year. Notable was the change in inventory between November and December. There were 54 fewer single family homes for sale in December compared to the prior month. However, condo inventory rose by 44 units up to 961 condos for sale.

The median single-family home price was $735,000 December which was an 8.9 percent increase compared to the same time last year. Condos showed a 12.3 percent increase in the median sales price compared to the prior year.

You have probably heard “location, location, location” when it comes to real estate and Naples is an excellent example of why location is important when purchasing property. The largest increases in the median home sales price came in downtown Naples (34102) where the median sales price rose 39.6 percent up to $2,791,250 and in North Naples along the coast (34108) where the median sales price rose 57.6 percent up to $1,655,000.

Whether you are buying or selling, let us help you navigate this complex market. The Naples Golf Guy team members are all REALTOR® professionals who have the expertise to provide you with timely and accurate market data. Call, email or text us today for all of your real estate needs – 239.370.0892.

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.

Naples Luxury Home Sales in Exclusive Golf Communities for December

  • world class country club highlights$11,250,000 – 6897 Grenadier Blvd. Unit 501 in Pelican Bay with 5,280 sq. ft. (98% of list price)
  • $6,775,000 – 8516 Thomas Jefferson Ct. in Mediterra with 6,497 sq. ft. (98% of list price)
  • $4,600,000 – 704 Hollybriar Ln. in Pelican Bay with 4,617 sq. ft. (88% of list price)
  • $4,575,000 – 6897 Grenadier Blvd. Unit 1002 in Mediterra with 4,779 sq. ft. (92% of list price)
  • $3,800,000 – 817 Buttonbush Ln. in Treviso Bay with 3,585 sq. ft. (98% of list price)
  • $3,509,000 – 16373 Corsica Way in Mediterra with 4,702 sq. ft. (100% of list price)
  • $3,250,000 – 2228 Miramonte Ct. in Grey Oaks with 3,076 sq. ft. (96% of list price)
  • $3,200,000 – 1252 Pocantico Ln. in Colliers Reserve with 5,770 sq. ft. (91% of list price)swfl country club highlights
  • $3,150,000 – 16836 Brightling Way. in Talis Park with 3,042 sq. ft. (96% of list price)
  • $3,150,000 – 7634 Palmer Ct. in Lely Resort with 3,990 sq. ft. (94% of list price)

View large single-family homes for sale in Naples golf communities…

View large single-family Naples luxury homes for sale…

Considering Selling Your Naples Home?

It is still a seller’s market so why should you hire a realtor? Do you have the time? There are over 180 actions required to successfully complete a real estate transaction. From scheduling showings, contract negotiations, organizing inspectors, attorneys, title companies and a mountain of paperwork.

With 20 years of experience helping sellers with their golf community real estate needs, we would like to share our strategy for how we are helping maximize the number of offers homeowners are receiving and ultimately higher sales prices.

Our team is committed to extraordinary customer service with an emphasis on detail and frequent communication.

We collaborate with our sellers to design and implement a customized marketing campaign to present your property to maximize your exposure to potential buyers. We are dedicated to making the sales process easy for you and your family.

We would very much like to meet you and learn about your home and help provide a stress-free selling environment for you and your family. As you may well know, opportunities such as today’s market for sellers only comes every so often.

Call, email or text us today for all of your real estate needs – 239.370.0892.

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Results You Can Count On

The Naples Golf Guy Team is committed to 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. If you are a buyer, we are committed to helping you find the community which will allow you to live the ultimate Florida lifestyle in Paradise.

About Naples Golf Guy

Luxury Real Estate AgentMatt Klinowski aka Naples Golf GuyThe above information was written by Naples Golf Guy, Matthew Klinowski PA. An expert for 20 years in Southwest Florida Luxury Golf Communities. When you are ready to buy or sell property in Southwest Florida, contact me.

Contact Matt:

or at 239-370- 0892
February 2nd, 2023 Posted by NaplesGolfGuy