Mid-year 2024
Naples Mid-Year Market Report
Despite some media reports suggesting a decline in Naples’ property prices, the data on completed sales supports my view that the market remains stable in overall terms as far as prices, while sales have returned to pre-COVID levels.
Bonita Springs Mid-Year 2024 Market Report
For Bonita Springs overall, median prices continued to increase in the first half of 2024, while sales dropped back to pre-COVID levels.
Fort Myers Beach Mid-Year 2024 Market Report
Fort Myers Beach has been in recovery and rebuilding mode since Hurricane Ian hit with devastating effect in September 2022, as is still evident when driving through FMB.
“Every street on the island has a house that’s either been erected or is being erected, with many more permits in place to go to build,” said Mayor Allers.
This amount of growth reflects itself in (assessed) property values. They’ve increased nearly 50%, which is much higher than the county average of a 5.86% increase.
“We were obviously excited to see that number, it gets us closer back to where we were before the storm,” said Allers. “We’re still not all the way there yet, but it’s a testament to our aggressive (attitude) in getting people in their houses with their permits and getting businesses back open.”