Naples-Bonita Springs-Estero Real Estate Report! January 6, 2024
Posted:
Naples-Bonita Springs-Estero Real Estate Report
Real Estate News
Bonita Springs-Estero Real Estate Market – Bonita Springs-Estero REALTORS® (BER®) released the November Local Market Update. This report describes year-to-year comparisons, year-to-date statistics, and sales price trends since 2007. For a more detailed analysis, here is the Florida Realtors November Report.
Naples Area Real Estate Market – Naples Area Board of REALTORS® (NABOR®) released the November Market Report. Here are a few interesting observations:
- Overall inventory of homes increased 38.8% to 3,795 from a year earlier
- 1,080 price reductions occurred in November, the highest in six months
- November was one of four months this year reporting decrease in median closed pricess
- Builders reporting much slower fall sales with budgets lagging 25% and contract cancellations at 20%
- Pending home sales down 13.8% from November 2022
- Closed sales dropped 6.1% from a year ago
For details, trends, and year-to-date Naples area market statistics, check out the Naples Area Market Report. It is important to note that these statistics can vary significantly for each community.
Video summary: November 2023 Market Report
Highlights from the November 2023 Market Report compared to November 2022:
| Categories | November 2022 | November 2023 | Change |
|---|---|---|---|
| Total showings (month/month) | 20,091 | 20,449 | 2% |
| Total closed sales (month/month) | 572 | 537 | -6.1% |
| Total pending sales (homes under contract) (month/month) | 767 | 661 | -13.8% |
| Median closed price (month/month) | $600,000 | $580.000 | -3.35% |
| New listings (month/month) | 957 | 1,174 | 22.7% |
| Total active listings (inventory) | 2,734 | 3,795 | 38.8% |
| Average days on market | 46 | 59 | 28.3% |
| Single-family closed sales month/month) | 296 | 253 | -14.5% |
| Single-family median closed price (month/month) | $802,000 | $725,000 | -9.69% |
| Single-family inventory | 1,708 | 2,005 | 17.4% |
| Condominium closed sales (month/month) | 347 | 276 | -20.5% |
| Condominium median closed price (month/month) | $450,000 | $465,000 | 3.3% |
| Condominium inventory | 1,026 | 1,790 | 74.5% |
About Our Company
MVP Realty Associates, LLC – MVP Realty is a Naples based real estate company with agents and offices located throughout Florida:
- $2.429 billion in home sales and 6,329 closed transactions in 2022
- One of the largest real estate companies in Florida
- In the top 200 out of 106,548 brokerage firms in the United States for sales volume and number of transactions
- The #2 real estate company in SWFL
- More than 20 offices across Florida
- 1,300 agents who will help market your property to prospective Buyers
- Brokers have 80+ years of broker experience
- Best agent training, technology and tools in the industry
