Naples October Real Estate Recap

2022 Naples October Real Estate Recap

Naples October Real Estate Recap 2022The Naples October real estate recap showed 662 properties sold for just over $652 Million. The largest sale was for $22,250,000 in Port Royal. Additionally, the luxury market picked up again, with 142 properties sold at or above $1 Million compared to 109 sales during September.

The speculation that home sales would drop significantly following Hurricane Ian proved false, as evidenced by a 23.7 percent increase in closed sales and an 8.7 percent increase in pending sales.

The Naples area remains a highly desirable area for second homes. In fact, the recent storm has created an opportunity for buyers to purchase homes on premium lots with spectacular views of the Gulf of Mexico or the Bay. Homes which would have never been listed for sale are now being listed and positioned as a tear down. Ultimately, new homes will be built adhering to current building codes which are quite stringent in Collier County.

While the overall economy remains a concern for many going into the new year, the long-term investment of real estate remains a viable option for many looking to diversify their portfolio.

Finally, while interest rates are higher than they were a year ago, they remain historically low. For those not paying cash, for many of the homebuyers interested in our area, a 6 percent interest rate is much lower than the rate they paid on their first homes in the early 1980’s. What was the rate on your first home?

Naples October Real Estate Recap

2022 Naples October Real Estate Recap


October 2022 versus October 2021 Highlights

  • Closed sales decreased 25 percent compared to October of last year.
  • Overall pending sales decreased 43 percent versus the same time in 2021.
  • Inventory increased 73 percent up from 1,346 homes to 2,325 homes for sale.
  • Average days on market increased 71 percent up to 41 days.

In all, there were 323 single-family homes and 339 condos sold for a total of 662 sales during the month which was a 25 percent decrease compared to the same time last year. Like September, the storm delayed some closings during the beginning of the month.

Inventory continues to increase which is a positive sign for buyers. However, the numbers are deceiving. The number of properties for sale increased 73 percent over the same time last year, however, it remains half of the typical inventory for this time of year. Inventory did increase 8.5 percent from September to October, so we continued to move towards a more balanced market. How long it will take is unknown at this point.

The median closed price remained the same in October as it was in September at $555,000. Yet it was a 22 percent increase over October of last year. Also, the price sold relative to list price remained about the same as the prior month. On average, single-family homes sold at 95.9 percent of list price year-to-date and condos have sold at 96.8 percent.

Although inventory has increased, sellers are still in the driver’s seat and have been resistant to negotiate much below list price. If you are a buyer, the good news is Sellers are willing to accept financing offers and, in some cases make modest repairs.

If you are a Seller, you still can capture a high sales price as inventory levels are still half of what we typically have at this time of year. So, if you are wondering if it is still a good time to list your home or whether or not you should do repairs before you sell, we will help guide you in the process and share what other Sellers are doing.

The Naples Golf Guy team members are all REALTOR® professionals who have the ability and expertise to provide you with an accurate market comparison using current market data. Call, email or text us today for a FREE home evaluation – 239.370.0892.

If you are planning to purchase, there are more options to chose from. The newly renovated properties on great lots continue to go to contract quickly and in some cases with multiple bids. If you see a property you are interested in learning more about, let us know and we’ll provide an analysis of the home.

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 October

  • $7,750,000 – 6185 Feemont Dr. in Quail West with 5,680 sq. ft. (99% of list price)
  • $6,850,000 – 5037 Groveland Ter. in Quail West with 5,395 sq. ft. (98% of list price)
  • $6,750,000 – 1464 Anhinga Pt in Grey Oaks with 6,076 sq. ft. (90% of list price)
  • $5,500,000 – 805 Bentwood Dr. in Pelican Bay with 4,015 sq. ft. (96% of list price)
  • $4,900,000 – 6602 Ridgewood Dr. in Pelican Bay with 4,033 sq. ft. (100% of list price)
  • $4,500,000 – 16982 Cortile Dr. in Mediterra with 4,210 sq. ft. (100% of list price)
  • $3,900,000 – 9337 Granite Ct. in The Quarry with 4,081 sq. ft. (98% of list price)
  • $3,900,000 – 8111 Bay Colony Dr. Unit 702 in Pelican Bay with 2,125 sq. ft. (98% of list price)
  • $3,900,000 – 3134 Dahlia Way in Grey Oaks with 3,953 sq. ft. (93% of list price)
  • $3,650,000 – 3202 Cullowee Ln. in Fiddler’s Creek with 4,335 sq. ft. (97% 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?

Sell your home with the Naples Golf GuyIt 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.

Why Hire a Real Estate Agent to Sell Your Home

Should I Use a Realtor or Sell on My Own?

Home Selling Tips…

Naples October Real Estate Recap Market Reports

Naples Golf Guy Monthly Newsletter – NEW!

October 2022 Naples Area Real Estate Statistics
Naples Real Estate Trends

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 AgentNaples Golf guy aka Matt KlinowskiThe above information about the Naples September Real Estate Recap 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
November 26th, 2022 Posted by NaplesGolfGuy