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…)

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) (more…)

NAPLES 2024 MARKET REPORT and 5-YEAR REVIEW

Median Price and Sales
The median price of the properties sold in Naples increased dramatically during the cheap money period after COVID. Single Family median prices increased almost 60% from 2020 to 2022; Villa and Condo median prices by two-thirds.

Prices have been more stable in the last 2 years. There are always quarterly fluctuations in real estate sales and median prices. In Naples that can be exacerbated by the seasonal nature of the market. Many of the more expensive properties are bought by people wintering in Naples and thus – except during the post COVID rush – median prices are often strongest during the winter months.

If prices fall during the second half of a year, it is hard to tell whether that decline reflects just the lower price of the properties that did sell, or a reduction in actual prices. What can be said in early 2025 is that attorneys report a pick-up in activity after the Election, which removed an uncertainty, and agents are reporting that Open Houses in early January have been very busy.

Overall sales – of all property types – surged until around Q3 2021, and then halved from 2021 to 2024, when they were at the lowest since 2010.
(more…)