Real Estate Market Recap
Naples Real Estate Market Recap
The latest real estate market recap for the Naples area showed 1,505 properties sold for just over $1.2 Billion during June! The highest priced home sold for $16,250,000 in Port Royal. And, the luxury market remains strong as evident by the 272 properties sold at or above $1 Million.
With less than 1 month supply of inventory available, for the first time since last year, pending sales decreased 14.5 percent. Although inventory decreased during the month, there were 1,147 new listings added to the market. In addition, the median closed price continues to increase by double digits.
So, if you are a seller, now is the time list your home and maximize your profits. Or, if you are a buyer, with new listings coming onto the market every day there is still opportunity to find a property.
June 2021 versus June 2020 Highlights
- Closed sales increased 68 percent compared to June of last year.
- Overall pending sales decreased 15 percent versus the same time last year.
- Inventory dropped 79 percent down from 6,003 homes to 1,271 homes for sale.
- Average days on market fell 29 percent down to 29 days.
Similar to the last three months, condos led the way with a 98.7 percent increase in closed sales. Single family home sales also showed a significant increase, up 44.4 percent compared to the same time last year.
Also notable, homes in the Naples area sold at 99.4 percent of list price and almost 60 percent of homes sold were cash transactions. We continued to see multiple offers submitted on properties and often within hours of a new listing hitting the market. If you are considering purchasing a home, put yourself in the best position to win the deal by working with a professional real estate agent who has experience negotiating deals with multiple offers.
If you’re just thinking about selling, let’s connect to discuss your home’s value in today’s market. It is likely worth more than you think.
Real Estate Market Snapshot for Naples Luxury Homes
The past year has triggered significant shifts in lifestyle choices and housing needs for today’s luxury home buyers. There’s an overwhelming preference for larger homes with more amenities such as a home gym. Naples is no exception.
Properties with at least four bedrooms or more remain at the top of the wish list for luxury home buyers. Over the past year, there has been a 76.8 increase in homes sold with at least four bedrooms which provides plenty of space for that home gym or home office.
For the fifth month in a row, the Naples Luxury real estate market saw the strongest activity in closed sales. Homes priced between $1 million and $2 million saw a 113 percent increase up from 75 percent during the previous month. Additionally, homes priced above $2 million saw an even larger increase in closed sales with a 142.6 percent compared to 106.3 percent increase during May.
The Top Ultra Luxury home sales in Naples Golf Communities For June
- $9,000,000 – 8477 Bay Colony Dr. Unit802 in Pelican Bay with 6,085 square feet
- $7,900,000 – 6897 Grenadier Blvd Unit1101 in Pelican Bay with 5,280 square feet
- $6,600,000 – 714 Kildeer PL in Pelican Bay with 6,479 square feet
- $5,250,000 – 16951 Verona Ln. in Mediterra with 5,509 square feet
- $4,950,000 – 1373 Great Egret Trail in The Estuary at Grey Oaks with 5,533 square feet
- $4,850,000 – 13861 Williston Way in Quail West with 5,476 square feet
June Naples Real Estate Market Reports
Begin Your Own Search for a Naples Vacation Home or Second Home:
So, if you’re ready to begin your search for your dream home or condo in Naples 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 150 different golf communities in our area and 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.
Lastly, we will handle all contract negotiations via paperless transactions for your property from offer to close!
NaplesGolfGuy offers private client advisory services with an emphasis on detail. Professionalism, integrity and discretion are not goals, they are standards. We are dedicated to exploring, experiencing and navigating the very best in luxury living for our clients.
Contact Matt: Matt@NaplesGolfGuy.com
July 24th, 2021 Posted by NaplesGolfGuy