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Naples-Bonita Springs-Estero Real Estate Report! January 6, 2024


Naples-Bonita Springs-Estero Real Estate Report

Naples real estate

Real Estate News

Bonita Springs-Estero Real Estate MarketBonita 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 MarketNaples 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 ReportIt is important to note that these statistics can vary significantly for each community.

Video summary:  November 2023 Market Report
Naples real estate

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

Please contact me for your home selling and home buying needs…for both new construction and resale residential properties.

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