5 things people don’t know about Naples

Rich Native American History: Naples has a rich Native American history that predates European settlement. The Calusa tribe, known for their sophisticated shell mound constructions and fishing techniques, inhabited the region for thousands of years before contact with Europeans. The remnants of their civilization can still be found in archaeological sites and shell mounds around the area.
Secret Mangrove Tunnels
: Naples is home to a network of secret mangrove tunnels that can be explored by kayak or paddleboard. These hidden waterways wind through dense mangrove forests, offering a unique and adventurous way to experience the natural beauty of the area. Many visitors and even some locals are unaware of these hidden gems, making it a special find for those who stumble upon them.
Ancient Fossil Discoveries: Naples is a treasure trove for fossil enthusiasts. The region’s ancient limestone deposits have yielded remarkable fossil discoveries, including those of prehistoric sharks, giant sloths, and mastodons. The Naples area is particularly famous for its well-preserved shells and shark teeth that can be found on the beaches and in the surrounding waters.
The Birthplace of Swamp Buggy Racing: Naples is the birthplace of a unique motorsport called “swamp buggy racing.” In the early 20th century, hunters and fishermen needed a way to navigate the swampy terrain, so they modified their vehicles to tackle the challenging conditions. Over time, these modifications led to the development of a competitive racing sport that has become a local tradition. Naples hosts the annual Swamp Buggy Races, where drivers compete on a specially constructed track filled with mud, water, and obstacles.
A Haven for Birdwatchers: Naples is a paradise for birdwatchers, with a diverse range of avian species that inhabit the area. The city is home to several important birding sites, including the Corkscrew Swamp Sanctuary, which provides a protected habitat for numerous rare and migratory bird species. From majestic bald eagles to vibrant roseate spoonbills, birdwatchers can find a wealth of feathered friends to observe and photograph in the Naples area.

And read these articles:
Florida News
Q1 Market Stats
Naples a top city for corporate headquarters post-pandemic
Naples grabs No. 1 spot on this ‘Best Places to Live’ list (more…)

Sales Up, Prices Down After 131-Month Streak

Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of Realtors® (NAR). Month-over-month sales rose in all four major U.S. regions – but they also all saw year-over-year declines.

February median existing home prices fell for the first time in 131 months– almost eleven years – according to NAR. The median existing-home price for all housing types was $363,000, a decline of 0.2% from February 2022 ($363,700), as prices climbed in the Midwest and South yet waned in the Northeast and West.

Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – climbed 14.5% from January to a seasonally adjusted annual rate of 4.58 million in February. Year-over-year, sales fell 22.6% (down from 5.92 million in February 2022).

Total housing inventory at the end of February was 980,000 units, identical to January and up 15.3% from one year ago (850,000). Unsold inventory sits at a 2.6-month supply at the current sales pace, down 10.3% from January but up from 1.7 months in February 2022.

Properties typically remained on the market for 34 days in February, up from 33 days in January and 18 days in February 2022. Still, most homes (57%) sold in February were on the market for less than a month.

Buyer types (more…)