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Real Estate Newsletter

May 2021 | Old Naples Spotlight

Old Naples Spotlight

Naples has many fabulous neighborhoods but Old Naples, otherwise known as downtown Naples, is the core of the community and is a treasured locale for residents and visitors alike.

Starting in May 2020, our real estate market has experienced a historic high level of demand and like many other areas, Old Naples has seen a dramatic reduction in supply and increase in property values over the past 12 months. As of 5-29-21 within Old Naples, there were 58 properties available, 82 pending and 144 closed over the last 90 days which means there is currently only a 1.2 month supply, clearly a seller’s market! As season comes to a close, the sales activity “should” slow a bit as many people head North but there are definitely more people in SWFL than usual for late May and with increased property values, it will be interesting to see if more property owners opt to list their property for sale this summer to take advantage of the current market conditions instead of waiting until next season. Here are a few charts showing changes in key market indicators over the past 3 years for Old Naples (single family homes & condos):

Trending Graph of Olde Naples Supply of Homes for Sale
Trending Graph of Olde Naples New Listings
Pending Sales Graph of Olde Naples Area
Graph of Total Sales in Olde Naples Area
Naples Real Estates News | May 2001 Naples - Old Naples Focus | Average Sales Price | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties
Average Price Per Square Foot Graph

Starting in May 2020, our real estate market has experienced a historic high level of demand and like many other areas, Old Naples has seen a dramatic reduction in supply and increase in property values over the past 12 months. As of 5-29-21 within Old Naples, there were 58 properties available, 82 pending and 144 closed over the last 90 days which means there is currently only a 1.2 month supply, clearly a seller’s market! As season comes to a close, the sales activity “should” slow a bit as many people head North but there are definitely more people in SWFL than usual for late May and with increased property values, it will be interesting to see if more property owners opt to list their property for sale this summer to take advantage of the current market conditions instead of waiting until next season. Here are a few charts showing changes in key market indicators over the past 3 years for Old Naples (single family homes & condos):

Naples Real Estates News | May 2001 Naples - Old Naples Focus | Months Supply of Homes for Sale | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties
Naples Real Estates News | May 2001 Naples - Old Naples Focus | New Listings | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties
Naples Real Estates News | May 2001 Naples - Old Naples Focus | Pending Sales | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties
Naples Real Estates News | May 2001 Naples - Old Naples Focus | Total Sales | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties
Naples Real Estates News | May 2001 Naples - Old Naples Focus | Average Sales Price | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties
Naples Real Estates News | May 2001 Naples - Old Naples Focus | Average price per Square Foot | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties
View Old Naples Properties
View All Naples Properties

Market Reports

How low can inventory go? If you look at the chart below, it sure looks like we are headed to zero!

There are typically 10k to 12k properties for sale in Collier County and 7k to 9k properties for sale in Lee County for a total inventory of 17k to 21k, currently there are only 2.8k properties on the market, 1162 in Collier County and 1652 in Lee County!

Homes for Sale in Port Royal, Naples, Florida

New vs Closed Listings $1M+

  • Number of homes closed in 12 months ending 4/30/21 up 87%; condos up 99%.
  • Current home inventory is 2.9 months of supply; condo inventory is 2.4 months.
  • Full report detailed here.  Stats include Naples luxury market; properties from Port Royal to Bonita Beach Rd, West of 41.
Naples Real Estates News | May 2001 Naples - Old Naples Focus | Overall In Inventory | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties

Overal Inventory ⬇️

  • Despite Naples low inventory levels, we have seen a 106.2% increase in new listings compared to April 2020.
  • Since January, the Naples area housing market has enjoyed a 14.3% increase in new listings.
  • Bottom Line: Buyers shouldn’t give up searching for a home, paradise is waiting for you…
  • Full report detailed here.
Naples Real Estates News | May 2001 Naples - Old Naples Focus | Overall In Inventory | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties
Naples Real Estates News | May 2001 Naples - Old Naples Focus | Homes for Sale | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties

Homes for Sale | Old Naples Area

New vs Closed Listings $1M+

  • Number of homes closed in 12 months ending 4/30/21 up 87%; condos up 99%.
  • Current home inventory is 2.9 months of supply; condo inventory is 2.4 months.
  • Full report detailed here.  Stats include Naples luxury market; properties from Port Royal to Bonita Beach Rd, West of 41.

Naples Real Estates News | May 2001 Naples - Old Naples Focus | Closed Listings 1 Million Plus | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties

Overal Inventory ⬇️

  • Despite Naples low inventory levels, we have seen a 106.2% increase in new listings compared to April 2020.
  • Since January, the Naples area housing market has enjoyed a 14.3% increase in new listings.
  • Bottom Line: Buyers shouldn’t give up searching for a home, paradise is waiting for you…
  • Full report detailed here.

Naples Real Estates News | April 2021 Naples - Bonita Springs, FL Market Reports | Florida Real Estates | Matt Brown Realtor | William Raveis Luxury Properties

View Detailed 2020 Market Report, Old Naples Page 21

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