January 2021 – Naples, Florida Market Update

Eager homebuyers did not waste any time in December as shown by pending sales for homes and condos in the Naples area which leaped 88.6 percent. Inventory continued to struggle to keep up with growing buyer demand, dropping 49% and tightening to a very low 3.1 months of Inventory. Closed sales increased 45%, and days on the market decreased 18%. The median closed price is $405,000 (which means half of the homes and condos listed are above this price and half are below) There is a continuing migration to Naples, Florida, where the average year-round temperature is 75 degrees and the lifestyle perks and generous tax advantages continue to attract new residents at higher growth rates than most other states.

 

 

View the full December 2020 market report.

If you are thinking of selling, it’s a great time to list your home or condo. As you can see from the chart above, inventory is low, closed sales and median prices are up, pending sales are skyrocketing (under contract, but not closed), and and average days on the market is 77 days.

Contact me for a complimentary home evaluation, I can help you to improve your offers.

 

 

 

I have many people asking if now is a good time to buy. This is a sellers market that also offers favorable conditions for buyers. Interest rates remain at near all-time lows; mortgage payments are still less expensive than renting. Higher home equity makes it a good time for current homeowners to relocate. Working from home allows more people to escalate their plans to move to a more desirable location. Quality of life is becoming a #1 priority.

With prices ranging from the $100,000’s to over $65,000,000 (and everything in-between), Naples offers something for everyone. Put my 3 decades of local knowledge to work for you, contact me for a list of the best properties for your needs, tailored to your criteria and budget, or click here to shop for properties by map, community, or lifestyle on my website.

 

The 30-year fixed-rate mortgage remains near record lows this week, averaging 2.85%. This means for each $100,000 financed, the Principle and Interest payment is $413, making owning a home more affordable for everyone. Contact me for more detailed information.

 

Explore Recreational Activities Safely in Naples.

Restaurants are open for indoor and outdoor dining.

 

 

Restaurants are also offering to-go delivery and curbside pick-up.

 

Explore the many outdoor dining and shopping venues in Naples.

 

 

The state of Florida has moved to Phase 3 of the safe, smart, step-by-step plan to re-open.

 

 

1650 Dolphin Court, Naples | 4 BEDS | 5 BATHS | $6,495,000

 

516 Turtle Hatch Road, Naples | 5 BEDS | 6 BATHS | $4,900,000

 

 

8111 Bay Colony Drive, 701, Naples | 3 BEDS | 4 BATHS | $3,275,000

 

20 Seagate Drive, 701, Naples | 2 BEDS | 3 BATHS | $3,100,000

 

 

13665 Vanderbilt Drive, 302, Naples | 3 BEDS | 4 BATHS | $2,195,000

 

 

8111 Bay Colony Drive, 101, Naples | 3 BEDS | 4 BATHS | $1,895,000

 

 

340 12th Avenue S, 6 Naples | 3 BEDS | 3 BATHS | $1,895,000

 

 

4000 Gulf Shore Boulevard N, 1200 Naples | 2 BEDS | 3 BATHS | $1,550,000

 

 

4530 Gulf Shore Boulevard N, 2-222 Naples | 3 BEDS | 3 BATHS | $1,525,000

 

 

932 Spanish Moss Trail | Naples | 4 BEDS | 3 BATHS | $1,495,000

 

 

2769 Tiburon Boulevard E, 102 Naples | 3 BEDS | 4 BATHS | $1,245,000

 

 

9123 Strada Place, 7505 Naples | 2 BEDS | 2 BATHS | $659,000

 

 

6300 Pelican Bay Boulevard, A-203 Naples | 2 BEDS | 3 BATHS | $734,900

 

 

16378 Viansa Way, 4-102 Naples | 3 BEDS | 4 BATHS | $599,000

 

 

9596 Trevi Court, 5444 | Naples | 2 BEDS | 2 BATHS | $315,000

 

 

12040 Toscana Way, 102 Bonita Springs | 2 BEDS | 2 BATHS | $274,900

 

If you are looking to buy or sell a home in Naples, contact Janine Monfort, a licensed Realtor® who has the ability to provide a virtual showing, an accurate market comparison, and negotiate a sale, taking it seamlessly from contract to inspection to closing and beyond.