Naples Area – Real Estate Market Report – April 2020

Naples, Fl – May 22nd 2020 – Coronavirus slowed real estate market activity in April as expected during Florida’s safe-at-home restrictions. According to the April 2020 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island).
The good news is that – even during a pandemic – Naples home values are being maintained.  The report shows April’s overall percentage of current list price received increased .5%.  This figure represents what the buyer paid for their home compared to the seller’s listed sale price. In April, the contract price averaged 95.9% of list price. In comparison, during April 2019, the contract price averaged 95.4% of list price. This statistic demonstrates that homes in the Naples area did not lose their values during April, the worst month of the pandemic to date.  

 




 

 

 

 

 

Here are the main statistics of the report for April 2020 (compared to April 2019):

  • Overall closed sales decreased 28.6% to 838 closed sales compared to 1,173 closed sales in April 2019.

  • Inventory decreased as well in April by 29.1% to 5,394 homes compared to 7,605 homes in April 2019. The April report also confirms home values remain intact.

  • Median closed prices increased .3% in April to $340,000 from $339,000 in April 2019. Although there were slightly fewer price decreases in April than in March, still 1,654 or 31% of all listed properties experienced reductions in their offering price during April.

  • As people were urged to stay home in April, showings decreased to 9,420 from 22,862 in April 2019 (does not include virtual showings). As a result, pending sales in April decreased 53.6%, as was expected.

  • The desire for virtual home showings has risen rapidly. During video tours, agents become the eyes of the buyer. They’re talking more than they would on a traditional tour, pointing out things that would be obvious in person but aren’t as clear through a camera lens like the quality of workmanship on any repairs or whether a bedroom will fit a king-size bed. Virtual home tours are becoming the new first step in home buying.

 

CATEGORIES

Apr 2019

Apr 2020

CHANGE

Total closed sales (month/month)

1,173

838

-28.6%

Total pending sales (homes under contract) (month/month)

1,322

613

-53.6%

Median closed price (month/month)

$339,000

$340,000

+0.3%

Total active listings (inventory)

7,605

5,394

-29.1%

Average days on market 

98

87

-11.2%

Single-family closed sales (month/month)

510

409

-19.8%

Single-family median closed price (month/month)

$464,500

$429,500

-7.5%

Single-family inventory

3,850

2,639

-31.5%

Condominium closed sales (month/month)

663

429

-35.3%

Condominium median closed price (month/month)

$272,500

$270,000

-0.9%

Condominium inventory

3,755

2,755

-26.6%

Not all geographic areas in Collier County reported a decrease in closed sales during April. Single family home sales in East Naples (34114, 34117, 34120, 34137) during April increased 7.2%.

View Detailed Statistics Report…
View Residential Real Estate For Sale in the Naples to Estero Area…

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Naples Square – Real Estate Market Report – 1st Quarter 2020

Here is the real estate market report in Naples Square, a luxury condominiums complex in downtown Naples, at walking distance of Fifth Avenue S. for the First Quarter of 2020.
 
Active Listings:
There are currently 15 condos on the market (22 if the pre-market condos in Quattro are included)
Average days on market: 169.
Average asking price: $1,342,000 ($750,000 to $2,300,000).
 
Pending Sales:
No pending sales as of today.
 
Closed Sales:
8 condos have sold in the first quarter of 2020.
Average days on market: 148.
Average Sale Price: $1,016,000 ($647,000 to $1,595,000)
Average Sale Price/Square Foot: $557.
 
Let me know if you have any questions about this report and/or  about Naples Square.

Naples Area – Real Estate Market Report – March 2020

Naples, Fl – April 23rd 2020 – Like all industries impacted by the COVID-19 pandemic, the Naples area housing market was not immune to its effect in March. While home sales dropped, home prices remained steady, and in some cases, increased.
Because the stay-at-home order went into effect mid-month, real estate activity during the first two weeks of March was strong, while activity during the second half of March tempered remarkably well. Brokers analyzing the March 2020 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), agree that the report showed one indisputable truth: The need for housing in the Naples area – whether it be a rental, new home construction, or homes in the resale market – is essential and still in demand.




 

 

 

 

 

Here are the main statistics of the report for March 2020:

  • Overall closed sales in March increased 15.8% to 1,148 closed sales compared to 991 closed sales in March 2019.
    This was an increase of 359 closed sales over February (789 closed sales) and 426 more closed sales than January (722 closed sales)!

    The report also showed a 22.5% increase in closed sales for the first quarter of 2020 (2,689 total closed sales) compared to the first quarter of 2019 (2,195 total closed sales).

  • Pending sales took a hit during the second half of March, down 38.1% for the month to 977 pending sales compared to 1,578 pending sales in March 2019.

    But “pending sales increased 5.3% during the first quarter of 2020 compared to the first quarter of 2019. The Naples area housing market was on solid footing before the coronavirus pandemic flared up.”

  • There were still over 19,000  scheduled showings in March.
    Serious buyers are not being discouraged by the stay-at-home order. Because real estate is considered essential, buyers can tour homes as long as they abide by the social-distancing order – or they can tour homes virtually with their REALTOR on site hosting their virtual tour.”
  • Overall inventory remained strong with 5,772 available properties. This was a 27.5% decrease in inventory compared to March 2019, which had 7,965 properties available.
  • Overall median closed price  increased 10% to $372,750 compared to $339,000 in March 2019. 
  • Median closed prices for the single-family home market increased 16%  to $470,000 compared to $405,500 in March 2019.
  • Median closed price for the condominium market decreased 1.3% to $276,500 compared to $280,000 in March 2019.

  • New Construction: Many builders in the area are offering big incentives in order to move their new home inventory. It’s good to work with a REALTOR® who understands the local market well and can negotiate the best price, whether it’s a home for sale by a builder or an independent seller of an existing home.

CATEGORIES

Mar 2019

Mar 2020

CHANGE

Total closed sales (month/month)

991

1,148

+15.8%

Total pending sales (homes under contract) (month/month)

1,568

977

-38.1%

Median closed price (month/month)

$339,000

$372,750

+10.0%

Total active listings (inventory)

7,965

5,772

-27.5%

Average days on market 

106

98

-7.5%

Single-family closed sales (month/month)

485

563

+16.1%

Single-family median closed price (month/month)

$405,500

$470,000

+15.9%

Single-family inventory

4,055

2,862

-29.4%

Condominium closed sales (month/month)

506

585

+15.6%

Condominium median closed price (month/month)

$280,000

$276,500

-1.3%

Condominium inventory

3,910

2,910

-25.6%

The March 2020 Market Report also shows a solid inventory.
Current low interest rates and a strong stock market are favorable reasons why people buy second homes. Low fuel prices will also inspire people to travel more by air and car to Southwest Florida once the -stay-at-home order is lifted. It may take a few months to get back to normal, but  the housing market in Naples will recover fast because people love the beach and we have 24 miles of it to explore. Plus, after being locked at home for months, people are going to want to live in a community that doesn’t have high-density issues.

View Complete Detailed Statistics…
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Naples Area – Real Estate Market Report – February 2020

NABOR (Naples Associations Board or Realtors) has just released its latest real estate market report for February 2020, compared to February 2019.Admittedly, this report reflects comparable activity in February 2020 – which preceded self-distancing recommendations due to COVID-19 – but it is a glimpse at our market’s significant and enduring desirability.




 

 

 

 

 

Here are the main statistics of the report:

  • Overall pending sales in February increased 43% to 1,526 pending sales compared to 1,068 pending sales in February 2019!  
  • Condominium  pending sales increase 45% to 802 pending sales in February 2020 compared to 552 in February 2019.
  • Overall median closed prices increased 3% in February to $345,000 compared to $335,000 in February 2019. 
  • Total active listings (inventory) decreased 28.6% to 5,825 compared to 8,160 in February 2019.
  • Average days on market decreased 5.9% to 95 compared to 101 in February 2019.
  • Properties priced between $1M and $2M reported the highest increase in closed sales (21%) for the 12-months ending February 2020 than any other price category. 
  • Single-family home sales in the $1M to $2M price category had the highest increase among all properties reported with a 27% increase (12-months ending February 2020)! 

  • Condominiums priced above $2M had the highest increase in closed sales for its property type, reporting a 20% increase (in the 12-months ending February 2020). 

The February 2020 Market Report also showed a 6-month supply of inventory for properties under $500,000, while properties priced above $500,000 are at an 8-month supply. Interestingly, there is currently a 14-month supply of inventory for properties priced above $2 million.

View Complete Detailed Statistics…
View Residential Real Estate For Sale in the Naples to Estero Area…

Navona At The Colony – 2019 Real Estate Sales Report

This is the 2019 real estate sales report for Navona At The Colony, in Bonita Springs, FL.

Navona is a luxury high-rise building offering 100 condos.

There are currently 7 condos on the market in Florencia. 
Listed from $499,900 to $849,000.
Average Days on Market: 87.
Average Price per SqFt: $357.
There are also 2 pending sales.
View Active Listings in Navona.

In 2019, 4 condos have sold in Navona:
– From $450,000 to $5,80,000.
– Average Days on Market: 338.
– Average Sale Price per SQFT: $282/SQFT.
– Average Sale Price: $514,000.
View Recent Sales in Navona
Let us know if you have an interest or any questions about Navona At The Colony or in any of other neighborhoods in The Colony.

Hammock Bay, Naples FL – 2019 Real Estate Sales Market Report

Hammock Bay Naples

Here is the 2019 real estate sales market report for Hammock Bay, in Naples Florida.
Hammock Bay is a gated golf community located in South Naples, close to Marco Island

Hammock Bay has currently 26 properties on the market.
In 2019, 39 properties have sold in Hammock Bay (*source: MLS of Naples). Here are the activity and trends for each of the subdivisions and buildings in Hammock Bay.
Aversana:
Aversana has been the first tower built in Hammock Bay. There are 4 condos on the market as of today, listed from $459,000 to $985,000. 1 condo is under contract.
View Active Listings.
In the past year 9 condos have sold in Aversana:
– From $375,000 to $525,000.
– Average Days on Market: 119.
– Average Sale Price per SQFT: $179/SQFT.
– Average Sale Price: $461,000.
View Recent Sales in Aversana.

Lesina:
Lesina has been the last tower built in Hammock Bay. There are 10 condos on the market as of today, listed from $499,500 to $999,000.
View Active Listings.
In the past year 14 condos have sold in Lesina:
– From $400,000 to $870,000.
– Average Days on Market: 101.
– Average Sale Price per SQFT: $232/SQFT.
– Average Sale Price: $604,500.
View Recent Sales in Lesina.

Serano:
Serano has been built in 2006. There are 6 condos on the market as of today, listed from $335,000 to $583,900. There is also 3 condos under contract.
View Active Listings.
In the past year, 7 condos have sold in Serano:
– From $315,000 to $470,000.
– Average Days on Market: 190.
– Average Sale Price per SQFT: $197/SQFT.
– Average Sale Price: $372,500.
View Recent Sales in Serano.

Rialto:
Rialto is a neighborhood of coach homes. There are 4 coach homes on the market as of today, listed from $345,000 to $415,000.
One is under contract.
View Active Listings.
In the past year 4 units have sold in Rialto:
– From $322,500 to $412,500.
– Average Days on Market: 86.
– Average Sale Price per SQFT: $162/SQFT.
– Average Sale Price: $369,000.
View Recent Sales in Rialto.

Borghese Villas:
Borghese Villas is a neighborhood of 3-story buildings with one residence per floor. There are 2 units on the market as of today, listed from $499,000 to $509,000.
Two others are under contract.
View Active Listings.
In the past year 5 units have sold in Borghese Villas:
– From $278,000 to $575,000.
– Average Days on Market: 146.
– Average Sale Price per SQFT: $156/SQFT.
– Average Sale Price: $373,000.
View Recent Sales in Borghese Villas.

Contact us if you have any questions about Hammock Bay and if you want to purchase or sell a property in Hammock Bay.

Horizons At Bonita Bay – 2019 Real Estate Sales Report

Horizons At Bonita Bay. Aerial
Horizons At Bonita Bay

2019 real estate sales marker report for Horizons At Bonita Bayin Bonita Springs Fl.
Horizons is a luxury high-rise condominium tower offering 80 condos overlooking Estero Bay and the Gulf of Mexico.
Horizons offers luxurious amenities to its residents and amenities of Bonita Bay like the beach club on the Gulf of Mexico.

There are currently 8 condos on the market in Horizons. Listed from $1,049,000 to $1,895,000. 
View Active Listings.

In 2019, 2 condos have sold in Horizons:
– From $1,050,000 to $1,235,000.
– Average Days on Market: 146.
– Average Sale Price per SQFT: $294/SQFT.
– Average Sale Price: $1,142,500.
View Recent Sales in Horizons
Let us know if you have an interest in Horizons At Bonita Bay or in any of other high-rise condominiums in Bonita Bay.

Florencia At The Colony – 2019 Real Estate Sales Report

Florencia At The Colony. Bonita Springs, FL

This is the 2019 real estate sales report for Florencia At The Colony, in Bonita Springs, FL.

Florencia is a luxury high-rise building offering 116 condos.

There are currently 5 condos on the market in Florencia. 
Listed from $799,999 to $975,000.
There are also 4 pending sales.
View Active Listings in Florencia.

In 2019, 11 condos have sold in Florencia:
– From $530,000 to $1,060,000.
– Average Days on Market: 168.
– Average Sale Price per SQFT: $334/SQFT.
– Average Sale Price: $798,000.
View Recent Sales in Florencia
Let us know if you have an interest in Florencia At The Colony or in any of other neighborhoods in The Colony.

Pebble Creek At Pelican Bay – 2019 Real Estate Market Report

Pebble Creek At Pelican Bay, Naples.

This is the real estate market report for 2019 for the condominiums in Pebble Creek At Pelican Bay, Naples Fl. Pebble Creek offers 264 condos in total in mid-rise and high-rise buildings. The high-rise buildings are facing the Pelican Bay golf course.

There are currently 5 active listings in Pebble Creek: Listed from $495,000 to $649,900. Another one is under contract, listed for $765,000:
View Active Listings.

In the past year, 14 condos have sold in Pebble Creek:
– From $495,000 to $695,000.
– Average Days on Market: 108.
– Average Sale Price per SQFT: $414/SQFT.
– Average Sale Price: $598,000.
View all recent sales in Pebble Creek.
Let us know if you have any questions and how we can help you about these condos in Pebble Creek or any other condos for sale in Pelican Bay, Naples Florida.

Heritage Bay, Naples – 2019 Real Estate Sales Market Report

Heritage Bay Golf & Country Club, Naples

Here is the 2019 real estate market sales report for Heritage Bay Golf & Country Club, bundled golf  community in Naples, Florida.
There are currently 44 properties for sale in Heritage Bay, as of today.

Terrace Condominiums:
There are 26 terrace condos for sale in Heritage Bay as of today. Listed from $165,000 to $244,000. One Condo is under contract.
View Active Listings.
In 2019 21 condos have sold in the Terraces:
– From $153,900 to $235,000.
– Average Days on Market: 120.
– Average Sale Price per SQFT: $152/SQFT.
– Average Sale Price: $192,700.
View All Recent Sales for the Terrace Condos.

Veranda Condominiums:
There are 7 veranda condos for sale in Heritage Bay as of today.
Listed from $245,000 to $344,000.
7 other Verandas are under contract.
View Active Listings.
In the past year 27 condos have sold in the Verandas:
– From $205,000 to $330,000.
– Average Days on Market: 168.
– Average Sale Price per SQFT: $171/SQFT.
– Average Sale Price: $250,000.
View All Recent Sales for the Veranda Condos.

Coach Homes
There are 4 coach homes for sale in Heritage Bay as of today.
Listed from $349,900 to $365,000. Another one is under contract.
View Active Listings.
In 2019, 14 coach homes have sold:
– From $292,000 to $375,000.
– Average Days on Market: 187.
– Average Sale Price per SQFT: $167/SQFT.
– Average Sale Price: $332,000.
View All Recent Sales for the Coach Homes.

Executive Homes
There is 1 executive home for sale in Heritage Bay as of today. Listed for $599,900. Another one is under contract.
View Active Listings.
In the past year 4 executive homes have sold:
– From $510,000 to $550,000.
– Average Days on Market: 40.
– Average Sale Price per SQFT: $235/SQFT.
– Average Sale Price: $537,000.
View All Recent Sales for the Executive Homes.

Estate Homes
There are 4 estate homes for sale in Heritage Bay as of today.
Listed from $669,900 to $699,990.
Also another one is under contract. 
View Active Listings.
In 2019, 7 estate homes have sold:
– From $582,500 to $700,000.
– Average Days on Market: 182.
– Average Sale Price per SQFT: $248/SQFT.
– Average Sale Price: $665,000.
View All Recent Sales for the Estate Homes.

2019 has been a strong year particularly for the sales of executive and estate homes in Heritage Bay.
Good activity for the sales of the condos but prices flat or a bit down.

Let us know if you have any questions and if you want to buy or sell a property in Heritage Bay.