Naples and Bonita Springs Q3 2024 Market Reports


Andrew.Oliver@Compass.com

AndrewOliverRealtor.com

 

Open Houses Sunday September 22: Bay Forest and Imperial Golf Estates

BAY FOREST
15535 CEDARWOOD LN, 5-304 (BERMUDA BAY 1)
2 Bed+DEN, 2 Bath
3rd (TOP) Fl, Impeccable
Updated KITCHEN/Baths
1538 SF, Garage
$460,000

Go HERE for photos and video
OPEN HOUSE SUNDAY 11:30-1:00

IMPERIAL GOLF ESTATES
1510 IMPERIAL GOLF COURSE BLVD #133 (THE ISLAND)
3rd (TOP) FL, Garage
2 Bed, 2 Bath
Dramatic Golf Course, Lake Views
Extra large rooms, 1538 Sq.Ft, Garage
$418,000
Open HOUSE SUNDAY 1:30-3:30 (will be listed in MLS on Monday with photos and video)

Recent Market Reports
Naples Mid-Year 2024 Market Report
Bonita Springs Mid-Year 2024 Market Report
Fort Myers Beach Mid-Year 2024 Market Report

Please contact me for a market report that includes properties in your area which were recently listed or sold.

Economic and mortgage commentary
The Federal Reserve’s new buzzword: Recalibrate
Federal Reserve Chair Powell:The Time has Come
Earth to Federal Reserve: What are you waiting for?”
The Federal Reserve’s Analysis Paralysis

Andrew.Oliver@Compass.com

AndrewOliverRealtor.com

 

Naples Mid-Year 2024 Market Review

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. This table shows Median Prices and Sales for Single Family, Villa and Condos

The median Price per Sq.Ft. increased for SFs in line with median prices, and was stable for Villa and Condos.
DTO – Days To Offer – the number of days a property is listed before an accepted offer is received – increased, but was still below 2020 speeds. (more…)

Bay Forest: July 4 Sale!

A $20,000 July 4 Sale is announced for this rare, one of a kind, Villa in Bay Forest, where work continues apace on the new boardwalk

(more…)

NAPLES Q1 2024 MARKET SUMMARY

For Naples overall, median prices were broadly stable in the 1st Quarter of 2024, while sales dropped a little from 2023 levels.

A similar, stable trend was seen in the median Price per Sq.Ft., while sales were a little slower.
(DTO- Days To Offer – the number of days a property is listed before an accepted offer is received.)

Please contact me for a market report that includes properties in your area which were recently listed or sold.

Andrew.Oliver@Compass.com

AndrewOliverRealtor.com

Florida Home Values Skyrocket

The national median home price is twice what it was ten years ago. Molded by a storm of inflation, tight supply and surging demand, the average home price in the U.S. went from around $200,000 to $400,000, according to a new study from Point2.

However, in Florida, it took much less than a decade for home prices to achieve a twofold increase.

Average home values across Florida have undergone a seismic transformation, doubling in value within the short span of just six years. This surge, saw Miami’s average home price soar from around $290,000 in 2018 to the current median of $583,000. In Tampa, homes went from $213,500 in 2018 to $430,000.

For their study, analysts looked at historical data to calculate how many years it took for home prices in the 100 largest U.S. cities to double — and Tampa tied with Miami for having the third fastest price doubling among the country’s largest cities.

The trend of rapid price doubling extended to other big Florida cities, with home prices in St. Petersburg, Orlando and Jacksonville, increasing twofold in the past six to eight years.

Median home prices in St. Petersburg doubled within 6.6 years. In Orlando home prices doubled within 7.5 years — and in Jacksonville it took 7.9 years to see a twofold increase.

The research notes that, “Fluctuating mortgage rates, steep property prices, or supply deficits are no new challenges. But they have never unleashed such a rapid-fire onslaught on homebuyers in the U.S. as they have in today’s housing market.”

Among the top 10 states attracting new construction buyers, Florida draws significant attention, with approximately one in every eight new construction buyers opting to purchase their homes in the Sunshine State. In November, the U.S. Census Bureau reported that for the year, more than 1.5 million new residential construction projects broke ground across the state — a 9.3% increase from the year prior. (Florida Realtors).

According to my research, Naples was a little closer to the national average, taking around 8 years for prices to double :

  • Andrew Oliver, M.B.E., M.B.A.
    Real Estate Advisor
    Andrew.Oliver@Compass.com
  • AndrewOliverRealtor.com

m 617.834.8205

                                                                        Licensed in Florida and Massachusetts

 

 

Bay Forest Open Houses this weekend – PRICE REDUCED

I am hosting two Open Houses in Bay Forest this weekend. Bay Forest has long been a popular community West of 41, between Wiggins Pass and Bonita Beach Road.
The exciting news is that construction of the new $4.5 million Boardwalk has begun. (The seller will pay the final assessment)

Go HERE to see the video and photos for 15405 Cedarwood Ln, 101:
15405 Cedarwood Ln, Unit 101: 2 bed +Den, 2 bath, 1377 Sq Ft: now $370,000
(Bermuda Bay 1)
Saturday: 1:00 – 3:30 PM
Sunday: 1:00 – 3:30 PM

Go HERE to view the Bay Forest website, read the latest Newsletter, and watch the 4-minute video of Bay Forest.

Go HERE to see the video and photos for 325 Carinosa Court;
325 Carinosa Court: 3 bed +Den, 3 bath, 2066 Sq Ft: $725,000 UNDER CONTRACT

Contact me for a private showing:

  • Andrew Oliver, M.B.E., M.B.A.
    Real Estate Advisor
    Andrew.Oliver@Compass.com
  • AndrewOliverRealtor.com

m 617.834.8205

                                                                        Licensed in Florida and Massachusetts