North Naples May Housing Market report

North Naples includes the area from Pine Ridge Road to the Lee County boundary just short of Bonita Beach Road (see map below).

In the first 5 months of 2021 the median price of the 864 Single Family homes sold in North Naples was almost $720,000, while that of the 1,121 Condos sold was almost $306,000.

Single Family

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point

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Central Naples May Housing Market report

Central Naples covers the area bounded by David Blvd, Goodlette-Franke, Pine Ridge and Collier Blvd.

In the first 5 months of 2021 the median price of the 415 Single Family homes sold was $436,000 and that of the 682 Condos sold $218,000

Single Family

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point

(more…)

South Naples May Housing Market report

South Naples includes the area bounded by 41, David Blvd and Collier Blvd. See map below.

In the first 5 months of 2021 the median price of the 462 Single Family homes sold in South Naples was $509,500 and that of the 967 Condos $247,500.

Single Family

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point

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East Naples May Housing Market report

East Naples includes the areas to the East of Collier Blvd. See map below for details.

In the first 5 months of 2021 the median price of the 1,035 Single Family homes sold in East Naples was $460,000, and that of the 506 Condos $330,000.
Single Family

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point

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Bonita Springs-Estero May Housing Market review

In the first 5 months of 2021, the median price of the 1,063 Single Family homes sold in the Bonita-Estero area was $507,000, while that of the 1,223 Condo sales was $292,500.
Single Family
Bonita housing market

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. 

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Fort Myers May Housing Market report

The rolling 3-month median price (a more reliable guide than 1-month numbers) for Single Family Homes sold in Fort Myers reached $360,000, while the median Condo price was $205,000.
The following charts show the 12-month rolling figures for both median prices and sales in the Fort Myers market from January 2008 through May 2021 and clearly demonstrate the strength of both median prices and sales. (more…)

Are mortgage rates heading up or down?

For several years “experts” have been forecasting that mortgage rates were about to rise, but forecasts of an imminent end to low rates are reminiscent of Mark Twain’s alleged comment that reports of his death had been greatly exaggerated.

The 30-year Fixed Rate Mortgage (FRM) reached almost 5% in November 2018, but since then has been in an almost uninterrupted downward trend, with a few short-lived spikes upwards:

Mortgage rates

Which brings us to the question: is the next move going to be

Mortgage rates

Inflation (more…)

Bonita Springs April Market Report

Naples housing market in April

The market in Naples continued to move strongly upwards in April as these charts show:

Single Family/Attached Villas
The median price jumped to $640,000 in April

Condos/Townhouses/Attached Villas
The median price reached $319,900 in April: (more…)

Arthrex’s North Naples campus qualifies as certified wildlife habitat

Recently, Arthrex was again recognized for its dedication to creating environmentally friendly workspaces when the Naples campus was designated a Certified Wildlife Habitat through the National Wildlife Federation and its Florida Wildlife Federation affiliate. The honor recognizes Arthrex for its commitment to sustainably providing the essential elements of the wildlife habitat.

When Arthrex and DeAngelis Diamond began to work on the construction of the global headquarters campus, care was taken to incorporate environmentally friendly aspects into the buildings and the campus. This includes the culvert, or buried canal, to preserve the waterway that crosses through the Arthrex global headquarters campus. This way, employees and guests will be able to enjoy expansive greenspace next to Arthrex One without disrupting the canal. The same goes for the Speedbridge, which was constructed over an existing waterway, allowing the habitat to be maintained for various plant, bird and fish species while helping employees and guests get from the Inc. building to the rest of the campus.

Arthrex (more…)

Bonita Springs March Market Report

A picture tells a thousand stories so 4 pictures must tell 4,000 stories:

Single Family
Bonita Springs Housing Market

Bonita Springs Housing Market

Condos
Bonita Springs housing market

Comment
No surprises in that prices and sales are up while inventory is down.
What is perhaps surprising is the fact that prices remain below the peak levels seen before the Great Recession. Read How do prices in Southwest Florida compare with 2007/08? for more details.

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Andrew Oliver
Sales Associate | Market Analyst | DomainRealty.com
REALTOR®

Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com

Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945

www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com

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