Naples Housing Market Surges in January 2025
The Naples real estate market kicked off 2025 with strong momentum, as buyers and sellers saw new opportunities amid rising inventory and stable price trends. According to the latest report from the Naples Area Board of REALTORS® (NABOR®), closed sales in January increased by 12%, with 551 homes sold compared to 492 in January 2024.
The median closed price rose 9.4% year-over-year, reaching $659,000, signaling continued demand for homes in the area. However, while appreciation has slowed from the rapid increases seen in 2021 and 2022, the market remains dynamic, with price fluctuations depending on property type and location.
Inventory Expands, Giving Buyers More Choices (more…)
How’s the market in February 2025?
This table shows median prices for all types of property sold in Naples month by month since 2020. There are a couple of outliers, but in general median prices have been in the $600-650,000 range. January 2025 was a little higher at $675,000.
This table shows Active Listings divided by Sales in the last 12 months. The Months of Inventory number means how long it would take to sell the current inventory based upon the rate of sales in the previous year.Generally ,in real estate, 6 months of supply is regarded as a market in equilibrium between buyers and sellers: a higher number favours buyers, a lower number sellers.
Southwest Florida is, of course, a seasonal market. The following chart shows that sales – which typically occur 6-8 weeks after a contract is signed – are at their highest in March-May, and lowest in October – January. Which makes sense. Inventory is highest in the early months, drops in the summer, and then picks up as we get towards the next season.
Comment
Anecdotal stories are intriguing, but often very selective. I try to present the actual numbers as a basis for making informed decisions by both sellers and buyers.
Andrew.Oliver@Compass.com
Imperial Golf Estates Open House Friday October 4
THE ISLAND
1510 IMPERIAL GC BLVD, 133
2 Bed, 2 Bath
3rd (TOP) Fl, Garage
Dramatic Golf Course, Lake Views
1538 Sq.Ft , $418,000
OPEN HOUSE FRIDAY 11:30-1:30 or call me on 617.834.8205 for a private showing
Go HERE for photos, video, floor plan, etc
Andrew.Oliver@Compass.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
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!
Another Bay Forest Sale
To see how I present a property to the market Go HERE to see the photos and videos of the above property.
And Go HERE to see details of the one that is still available in La Jolla. (more…)
Bay Forest: 2 more Pending Sales, Boardwalk latest, and Open Houses
2 more properties have gone under contract this week as work continues on the new boardwalk.
Go HERE to read the latest progress report.
Bay Forest Residents enjoy over two miles of walking paths, extending through mangrove preserves and into estuaries of the Gulf.
Go HERE to visit the Bay Forest website
Go HERE to read the latest edition of the Bay Forest Bugle (more…)
Bay Forest Update and Open Houses
There are 10 properties currently Under Contract in Bay Forest, supporting my argument that this is a great time to buy, especially now that construction of the new $4.5 million Boardwalk is finally underway.
Bay Forest Residents enjoy over two miles of walking paths, extending through mangrove preserves and into estuaries of the Gulf.
There are 10 properties currently Under Contract in Bay Forest, supporting my argument that this is a great time to buy, especially now that construction of the new $4.5 million Boardwalk is finally underway.
Bay Forest Residents enjoy over two miles of walking paths, extending through mangrove preserves and into estuaries of the Gulf.
Go HERE to visit the Bay Forest website
Go HERE to read the latest progess report on the Boardwalk
Go HERE to read the latest edition of the Bay Forest Bugle
3 Tennis, 3 pickleball courts, bocce, shuffleboard, fitness center and much more cater to active lifestyles, while the clubhouse, which also has a library, serves as the hub for social events and indoor activities.
15455 ROYAL FERN LANE N, 22 (LA JOLLA)
OPEN HOUSE TODAY 12-2
SUNDAY 1-4
3 beds +den, 3 full baths, garage, impact windows/shutters, bird’s eye view of the fountain in the lake. Totally updated throughout with $275,000 of high-end, custom fixtures.
This Villa does not need a Realtor’s superlatives – just look at the photos, watch the video, and imagine living here.
Go HERE to view all the photos, video, floor plans (including a 3D tour).
Call for a private showing if you can’t make the Open Houses.
Please contact me for a market report that includes properties in your area which were recently listed or sold.
Andrew.Oliver@Compass.com
It’s been an active week in Bay Forest!
2 more properties have gone under contract this week and 2 sales have closed, as work continues on the new boardwalk.
Go HERE to read the latest progress report. (more…)
Bay Forest Open Houses Memorial Day weekend
There are 10 properties currently Under Contract in Bay Forest, supporting my argument that this is a great time to buy, especially now that construction of the new $4.5 million Boardwalk is finally underway. (more…)
Exciting News from Bay Forest – and Open House TODAY 12-4
“WE ARE EXCITED TO ANNOUNCE THE BUILDING PERMIT TO START CONSTRUCTION ON THE BOARDWALK WAS ISSUED TODAY. URS WILL BE ONSITE MONDAY, MAY 20TH AND WORK WILL RESUME.”
There are 10 properties currently Under Contract in Bay Forest, supporting my argument that this is a great time to buy, especially now that construction of the new $4.5 million Boardwalk is about to resume. (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
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