Naples-Bonita Springs-Estero Real Estate Report! May 4, 2023
Posted:
Naples-Bonita Springs-Estero Real Estate Report
Real Estate News
What a Change in Four Years!
Per Naples Area Board of REALTORS® , the average home sale price in Naples in March 2019 was $597,081. Last month it was $1,018,469.
Bonita Springs-Estero Real Estate Market – Bonita Springs-Estero REALTOR® (BER®) released the March Market Report. Here are a few interesting observations:
- Year-To-Date statistics compared to 2022:
- New listings up 1.7%
- Pending sales down 12.7%
- Average days on market up 146%
- Closed sales down 14.5%
- March 2023 versus March 2022
- New listings down 5.2%
- Pending sales down 5.9%
- Average days on market down 153.8%
- Closed sales down 10.6%
- Active inventory up 104%
- There are still some negative effects of Ian, primarily in western Lee County, that are impacting sales activity
Naples Area Real Estate Market – Naples Area Board of REALTOR® (NABOR®) released the March Market Report. Here are a few interesting observations:
- Inventory continues to increase, giving Buyers many more choices
- Market continues to move towards pre-COVID levels of activity and stability, a more balanced Seller-Buyer market
- More price reductions by Sellers who failed to price their homes competitively when originally listed
- Number of showings in March increased nearly 6% compared to February
- Average days on market decreased from 55 in February to 49 in March
- Pending sales increased from 1,231 in February to 1,377 in March
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: March 2023 Market Report
Highlights from the March 2023 Market Report compared to March 2022:
| Categories | March 2022 | March 2023 | Change |
|---|---|---|---|
| Total showings (month/month) | 43,206 | 38,753 | -10.0% |
| Total closed sales (month/month) | 1,218 | 1,017 | -16.5% |
| Total pending sales (homes under contract) (month/month) | 1,611 | 1,377 | -14.5% |
| Median closed price (month/month) | $573,000 | $615,000 | 7.3% |
| New listings (month/month) | 1,667 | 1,369 | -17.9% |
| Total active listings (inventory) | 1,507 | 2,900 | 92.4% |
| Average days on market | 22 | 49 | 122.7% |
| Single-family closed sales month/month) | 605 | 495 | -18.2% |
| Single-family median closed price (month/month) | $740,000 | $740,000 | 0% |
| Single-family inventory | 899 | 1,661 | 84.8% |
| Condominium closed sales (month/month) | 613 | 522 | -14.8% |
| Condominium median closed price (month/month) | $465,000 | $491,450 | 5.9% |
| Condominium inventory | 608 | 1,239 | 103.8% |
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
