ROYAL HARBOR SPOTLIGHT
November 2021 Newsletter
Happy Belated Thanksgiving! I hope you and your families created wonderful memories together. The Naples real estate market continues to boom as the weather cools down up North and more people have made their way to stay in Naples for season or a short visit (weather is spectacular right now with crisp blue skies and temps of 75-80 during the day and cooling to 55-60 at night). Finding the right place is a challenge for buyers currently as all of SWFL has around 1.0 to 1.2 months of supply. Even with the low supply, new inventory continues to hit the market every day and new listing activity will pick up soon as it typically does every winter. January has always been the peak month for new listings, the one exception was last year when there was a more muted January peak but a second slightly higher peak in March. Will be interesting to see what happens this year!
This month I highlight the waterfront neighborhood of Royal Harbor, across Naples Bay from Aqualane Shores and Port Royal. It has many draws, most significant is it’s lined with waterfront homes giving you the ability to dock your boat in your backyard + home prices are considerably lower than those located directly across the bay. Check out additional info below!
~Enjoy, Matt
Royal Harbor Neighborhood: Market Update
The Royal Harbor neighborhood is a boater’s dream with direct access to Naples Bay and the Gulf of Mexico within 10-15 minutes. Royal Harbor is located on the east side of Naples Bay, south of US 41, directly across Naples Bay from Old Naples, Aqualane Shores and Port Royal. Only 1-2 miles from world-class shopping and dining in Old Naples on either Fifth Avenue South or Third Street South. There are approximately 544 single family homes within Royal Harbor spread over half a square mile of land and canals.
- Sold homes: There have been 40 sales so far in 2021 with 3 currently pending. The average home sold for $3.175M and had 3,123 SF.
- New builds: 8 of the 40 homes closed in 2021 were built in 2020 or 2021. New homes sold for an average of $4.22M with 3,858 SF = an average of $1093 PSF.
- Active Inventory: There are 8 properties currently on the market ranging from $3M to $16M
- Land sales: There were 4 vacant parcels of land closed so far in 2021 at an average price of $3.4M and an average lot size of 0.30 acres. There are 2 currently pending asking 2.3M and $6M and 1 on the market asking $2.6M with plans ready to build with a new seawall and preliminary house + dock plans.
- For more information – check out my Royal Harbor neighborhood page
12-Month Moving Averages:
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