Major Homebuilder Sees Surprising Signs of Life in Troubled Florida Housing Market

A major homebuilder has reported recent gains in Florida, marking a surprising turnaround in the state after several years of slowing sales and falling prices.
PulteGroup, the third-largest homebuilder in the nation, said that net new orders in Florida rose 2% last quarter compared with a year earlier.
“We’re really happy with what we saw out of Florida,” PulteGroup President and CEO Ryan Marshall told investors on a call last month. “We get buyers from all over the country, all over the world that come into Florida. We also see a healthy mix of folks moving within Florida as well.” PulteGroup’s unexpected uptick in Florida sales follows years of pronounced weakness in the state, where homebuilders have been forced to slash prices and offer mortgage rate buydowns and other generous concessions in the face of weak demand.
In recent months, however, there are signs that Florida’s housing market is getting closer to equilibrium, with inventory stabilizing and price declines slowing. (more…)

NAPLES Q1 2025 MARKET REPORT

The median price of SFs and Villas sold in Q1 2025 reached record levels, while the median price of the Condos sold, while lower than in Q1 2024 was still higher than in the second half of 2024.Bear in mind that Q1 sales reflect contracts agreed in late 2024/early 2025, while market sentiment changed after that; it is likely that Q2 numbers will show a decrease.

PSF is another way of looking at the market. Q1 showed a nice cadence: $403 for SF, $351 for Villas and $307 for Condos. (more…)

BONITA SPRINGS Q1 2025 MARKET REPORT

For Bonita Springs overall, median prices were mixed in the 1st Quarter of 2025: SF higher than in Q1 2024, Villas and Condos lower. Sales continued to drop.

The median Price per Sq.Ft. was lower all round, while the pace of sales was back to pre-COVID days. (more…)

BAY FOREST 2024 MARKET REPORT and 5-YEAR REVIEW

Median Price and Sales
The median price of the properties sold in Bay Forest increased dramatically from $275,000 in 2020 to $475,000 in 2023, before retreating in 2024. Sales in 2024 recovered from the drop in 2022 and 2023.

Condos, which sell at lower prices than Villas, were a bigger share of the market in 2024 and had a larger effect on the overall median price. (more…)

IMPERIAL GOLF ESTATES 2024 MARKET REPORT and 5-YEAR REVIEW

Median Price and Sales
The median price of the Single Family homes sold in Imperial Golf Estates (Imperial) has more than doubled since 2020, while sales recovered in 2024 from the slowdown in 2022 and 2023.
The median price of the small number of Villas sold in Imperial has continued to increase year by year, while sales have been at a consistent level.
The median price of the Condos sold in Imperial in 2024 showed a small decline, but sales were just half the 2023 level.
While Inventory has increased sharply from the extremely low levels of 2022/23, it is at the low end of the pre-COVID levels at the beginning of the season.


Price per Sq Ft (PSF) and Speed of Sales (Days to Offer Accepted – DTO)
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