Southwest Florida Real Estate
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Naples-Bonita Springs-Estero Real Estate Report! March 25, 2023


Naples-Bonita Springs-Estero Real Estate Report

Naples real estate

Real Estate News

List Price – What does it really mean?
  • Is the List Price of a property necessarily a “true” value of that property?  No
  • Does the List Price mean that the property will sell at a price near the asking price?  No
  • Will a grossly overpriced property sell?  Not likely in today’s market

The List Price sometimes doesn’t really mean anything.  It may only be a price at a Seller’s “wishful thinking” or just an arbitrary number.  The present real estate market is going to tell you what property is worth.  You can obtain this information in a Comparative Market Analysis provided by your real estate professional.

Bonita Springs-Estero Real Estate MarketBonita Springs-Estero REALTOR® (BER®) released the February Market Report.  Here are a few interesting observations:
  • Single-family home median sales prices decreased from $750,000 in January to $745,783 in February
  • Single-family home inventory increased from 322 in January to 348 properties in February
  • Condo median sales price decreased from $509,950 in January to $445,000 in February
  • Condo inventory increased from 305 in January to 338 properties in February

Naples Area Real Estate MarketNaples Area Board of REALTOR® (NABOR®) released the February Market Report. Here are a few interesting observations:
  • February’s overall median home price remained same as January at $600,000
  • Closed and pending sales increased in February over January
  • February new listings were down 2% compared to January
  • Days on Market increased by one day in February from a month earlier
  • Unlike most of the Unites States, over 60% of closings are cash sales

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:  February 2023 Market Report
Naples real estate

Highlights from the February 2023 Market Report compared to February 2022:

Categories February 2022 February 2023 Change
Total showings (month/month) 43,032 35,574 -15.0%
Total closed sales (month/month) 824 682 -17.2%
Total pending sales (homes under contract) (month/month) 1,480 1,231 -16.8%
Median closed price (month/month) $550,000 $600,000 9.1%
New listings (month/month) 1,294 1,303 0.7%
Total active listings (inventory) 1,225 2,835 131.4%
Average days on market 24 55 129.2%
Single-family closed sales month/month) 442 365 -17.4%
Single-family median closed price (month/month) $655,500 $725,000 10.6%
Single-family inventory 749 1,649 120.2%
Condominium closed sales (month/month) 382 317 -17.0%
Condominium median closed price (month/month) $425,000 $495,000 16.5%
Condominium inventory 476 1,186 149.2%

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 500 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
  • Over 1,200 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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