Naples Housing Market Mid-Year 2021 Review

The median price of Single Family homes in the Naples area* sold in the 6 months to June 2021 increased 33% from $435,000 to $580,000, while sales increased 64% from 2,595 to 4,251.

The median price of Condos sold in the 6 months to June 2021 increased 16% from $272,000 to $316,000, while sales more than doubled from 2,491 to 5,163.

Keep reading for charts and more details: (more…)

Whay are people moving to Southwest Florida?

“Both Collier and Lee counties have been among the very strongest population growth markets in the entire nation over the past five years,” said Brian Alford, Florida director of market analytics for CoStar Group, which specializes in worldwide real estate data. “There have also been numerous corporate relocations and expansions over the past decade, including large expansions over the past couple of years by firms such as Gartner and Arthrex, adding even more jobs.” (Naples Daily News)

Some of the workers live in Bonita Springs, about halfway between Naples and Fort Myers. Incorporated only at the start of this century, Bonita for the first time barely edged into the Top 50 of the most populated in Florida, joining Cape Coral, Fort Myers and North Port.

“Demand to move here has always been strong, but lately, low interest rate policy, and coupled with lockdown fatigue up north, increased demand even more, which explains the larger-than-expected increases in population down here,” said economist Christopher Westley, dean of Florida Gulf Coast University’s Lutgert College of Business. (more…)

Naples Area June Market Summary

This is the overall market summary for June published by NABOR:

Comment
While this picture conveys very clearly the strength of the market I do not find the detail particularly helpful as it combines all types of property – from single family to condo.

I will publish detailed reports by sector and by area this coming Saturday. Meanwhile, here are links to the preliminary reports I have already published for June: (more…)

North Naples June Housing Market Summary

The 3-month median price for Single Family Homes in North Naples – the area from Pine Ridge Road to the Lee County boundary just short of Bonita Beach Road (see map below) covering zipcodes 34109,34110 and 34119 – continued to rise sharply, reaching $749,000 for the April-June quarter, some 35% higher than a year ago, and breaking decisively upwards from the $500-550,000 range of the previous 5 years:

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Dramatic price movements often occur when the number of sales is small, but that has not been the case in North Naples, which has seen a major increase:
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Naples Housing Market Summary by area

This table shows the breakdown of sales and median prices by area of Naples (see map below). Please contact me to discuss the market and see how I can help you in your search.

naples real estate market

Click on these links for detailed market reports: (more…)

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

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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

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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

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

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