Despite the destructive force of Hurricane Ian, property values in Collier County have not only held steady but have actually increased significantly. According to the county’s tax roll data released on July 1, property values have risen by 20% since last year, reaching a total of $222.5 billion, up from $185.3 billion in 2022.
Several factors have contributed to the rise in property values in 2023. High construction costs, increasing land values, a tight inventory, and higher sale prices have all played a significant role in this upward trend, as reported by the Collier County Property Appraiser’s Office.
Concerns that Hurricane Ian would negatively impact property values have been proven unfounded. (more…)
After the extremely strong market post COVID it is instructive to take a slightly longer-term look.
These 3 charts are very much big picture for the entire Naples region and include all types of property. They do show, however, that sales and new listings have reverted to the norm, while prices overall are some 65% higher. (more…)