April 2023 Naples Housing Market Stats

The latest Naples housing market stats showed 947 properties sold for just over $999 Million. The largest sale was for $18 million in Olde Naples. Additionally, 277 of the real estate transactions for the month were at or above $1 Million.

Overall inventory ended the month with 2,868 properties for sale. However, similar to other Southwest Florida cities, the numbers are very misleading. In April of 2019, before the pandemic, Naples had just over 6,435 properties for sale. Inventory ended the month at 45 percent of what we normally have during this time of year.

Demand remains strong for the Florida lifestyle. In fact, U.S. News & World Report recently released their annual Best Cities to Live Report and Naples was ranked 6th in the nation.

The bottom line, prices continue to rise due to low inventory and persistent demand.

Naples Housing Market Statistics – April 2023

April 2023 versus April 2022 Highlights

• Closed sales decreased 24 percent compared to April of last year.
• Overall pending sales decreased 18 percent versus the same time in 2022.
• Inventory increased 64 percent up from 1,745 homes to 2,868 homes for sale.
• Average days on market increased 231 percent up to 53 days compared to April of 2022.

In all, there were 431 single-family homes and 516 condos sold for a total of 947 sales during the month, which was a 24.2 percent decrease compared to the same time last year. While inventory is up significantly over last year, it actually decreased by 32 properties from March to April.

The median single family price increased significantly up to $825,000 up from $800,000 compared to the same time last year. It was also up significantly compared to the prior month when it was $740,000. Similarly, the median condo sale price was $526,000 which was a 14.3 percent increase over the same time last year. It was also up over March when it was just $495,000.

Additionally, even though the number of days it took for a property increased significantly over this time last year (231% increase), it actually decreased 53 days compared to March of this year when it was 54 days.

It remains a Seller’s market for BOTH condos and single-family homes. You still have time to cash in on the high buyer demand. What is my home worth…

With low inventory of existing homes for sale, there’s been a notable increase in buyers turning toward new construction. From ultra-luxury waterfront condos at Kalea Bay to bundled golf communities such as coach homes in Talis Park there are a wide array of options available.  Should I use a Realtor if I’m buying New Construction?

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.

Naples Housing Market Stats – Luxury Golf Home Sales in April

• $9,000,000 – 2140 Canna Way in Grey Oaks with 11,826 sq. ft. (91% of list price)
• $7,050,000 – 8787 Bay Colony Dr. Unit 602 in Pelican Bay with 4,160 sq. ft. (95% of list price)
• $5,250,000 – 2709 Buckthorn Way in Grey Oaks with 5,211 sq. ft. (88% of list price)
• $5,150,000 – 1456 Anhinga Pt. in Grey Oaks with 4,678 sq. ft. (97% of list price)
• $4,950,000 – 7918 Cocobay Dr. Unit 32 in Pelican Bay with 3,059 sq. ft. (100% of list price)
• $4,700,000 – 238 Audubon Blvd. in Audubon with 6,092 sq. ft. (97% of list price)
• $4,463,000 – 16459 Seneca Way in Talis Park with 3,998 sq. ft. (99% of list price)
• $4,400,000 – 16462 Seneca Way in Talis Park with 3,658 sq. ft. (98% of list price)
• $3,950,000 – 28090 Castellano Way in Mediterra with 3,978 sq. ft. (98% of list price)
• $3,845,000 – 4341 Brynwood Dr. in Quail West with 4,910 sq. ft. (96% of list price)

Southwest Florida Luxury Golf Properties Just Listed…

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.