Click IMPERIAL GOLF ESTATES 2023 MARKET REPORT and 5_YEAR REVIEW to download a copy of this report.

Median Price and Sales
The median price of the Single Family homes sold in Imperial Golf Estates more than doubled from $515,000 in 2019 to $1.1 million in 2023. Sales increased modestly until Q3 2021, and then dropped sharply to below pre-pandemic levels in 2022 and 2023

The median price of Villas (attached and detached) sold increased 65% from $315,000 in 2019 to $519,000 in 2023. The number of sales is quite small and shows some fluctuations during these years.

The median price of Condos (and Townhouses) increased 62% from $222,000 in 2019 to $360,500 in 2023, a small declined from the 2022 level. Sales in 2022 and 2023 dropped back to their pre-pandemic level.

Single Family Sales by Price
Another way to look at sales is the distribution by price.

In 2019, 49% of Single Family sales were under $500,000 and by 2023 that had dropped to just 12%. Conversely, the share of sales over $1 million went from 0% to 61% in the same period. A word of caution: 7 of the 9 sales under $750,000 in 2023 were listed as SFs in MLS but were actually what I call Villas – attached or detached single or two-storey buildings with an HOA.

Villa Sales by Price
In 2019 77% of Villa sales were under $400,000 – and none in 2023. Conversely, the share over $500,000 went from 0% in 2019 to 73% in 2023. For the reason mentioned before, Villa sales are understated in official MLS statistics.

Condo Sales by Price
Whereas 95% of Condo sales in 2019 were under $300,000, in 2023 all sales were above that figure, with 8 of the 38 sales over $400,000..

PSF is another way to look at sales.
PSF is another way to look at sales. For SFs the increase was 92% from $208 in 2019 to $400 in 2023; for Villas, 62% from $205 to $333, and for Condos 62% from $160 to $259.

There was also a dramatic increase in the speed of sales, with the median DTO plummeting from 61 days in 2019 down to just 15 in 2022 for SFs, from 41 to 5 for Villas, and from 56 to 9 for Condos.
Sales have been taking longer since Q3 2022, but they are still taking place more quickly than in the pre-pandemic years.

The following chartS show that, while inventory has recovered from the extremely low levels of late 2021, it remains well below pre-pandemic levels.


John Donne wrote:
“No man is an island,
Entire of itself,
Every man is a piece of the continent,
A part of the main.”

In like vein, Imperial is part of the “main” – Naples.
The chart and table below are, therefore, for Naples and show median prices since 2000.The median price did not exceed the 2005/06 peaks until 2020 for SFs and until 2022 for Villas and Condos. While the market conditions are vastly different from the earlier period, the slope of the increases from 2001-2005 and 2019-2022 is eerily similar. Over the whole of this century, the compound growth rate has been 6.5% for SFs, 5.1% for Villas and 5.6% for Condos. Unfortunately, the price appreciation has come in violent bursts rather than steady annual increases.