Happy New Year! I hope everyone is staying healthy was able to enjoy some downtime with their families in December. If you’re up North right now and ready for a break from the cold, check out our forecast for the next couple of weeks (graphic below) in Dec 2021 Newsletter & come on down for a visit!
Reflecting on the trends for Naples real estate in 2021 might help us understand where things are headed in 2022, take a look at the interesting charts below showing properties valued over $2M. Overall, we saw a unprecedented surge of sales closings last spring in MAR-APR-MAY which consumed inventory and caused prices to escalate quickly and resulted in a 26% increase in the median price/SF of a luxury home this year, with some very desirable submarkets gaining even more than that. This season, I think we will see a similar number of buyers looking to purchase in SWFL. With inventory at very low levels, the short supply/high demand dynamic will cause prices to continue to rise with multiple offers becoming more common. Hopefully the elevated prices will encourage more owners to make a change and sell their properties… January is typically the most active month for new listings so there should be more choices coming for those frustrated buyers out there.
Naples Luxury Market ($2M+) Changes in Past 12 Months:
Median Sales Price: Unchanged from $3.1M to $3.1M
Median Price/SF: Up 26% from $621 to $781
Homes for Sale: Down 48% from 493 to 256
Average Days on the Market: Down 59% from 124 to 51
Months Supply of Homes for Sale: Down 64% from 7.5 to 2.7
Average Percent of Last List Price: Up 1.7% from 95.9% to 97.6%
Naples, Florida just moved two spots, now 2nd on Best Places to Retire in the United States! The beautiful beach town which previously ranked 4th on U.S. News’ list of best retirement cities, now boasts 2nd place on the list dominated by ...
Naples’ style of living embodies relaxation...likely because residents are surrounded by beautiful white sand beaches, lush tropical scenery, Southwest Florida championship golf courses, elaborate fine dining options, a robust arts community ...
Explore Naples Florida rich art scene with us! Each year Naples witnesses an influx of individuals from all over the country who seek the area's natural beauty...and the plethora of cultural venues and events. Residents’ demands over the years ...
If we haven’t connected yet, please reach out. I have built a 19+ year real estate career on integrity, honesty, knowledge and highly ethical practices, which has helped me close over $550 million in real estate sales and skillfully negotiate over 100 multiple-bid situations. I work with buyers and sellers along the Gulf Coast in Naples and Southwest Florida.
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Established in 1974. $9 billion in annual sales. William Raveis Real Estate is the No. 1 family-owned real estate company in the Northeast and Florida and the No. 8 real estate company in the country, according to REAL Trends. As leaders in marketing luxury properties, locally and globally, William Raveis assures customers receive world-class marketing and technology services as well as the additional benefit of direct access to 127 offices and over 4,000 sales associates in the Northeast, where a significantly growing number of buyers are coming from. Recognized as the Top Luxury Brokerage in the United States by Leading Real Estate Companies of the World. 130,000 sales associates • 565 premier real estate firms • Over 65 countries • 1 winner.