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Naples-Bonita Springs-Estero Real Estate Report! May 4, 2023


Naples-Bonita Springs-Estero Real Estate Report

Naples real estate

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 MarketBonita 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 MarketNaples 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
Naples Real Estate

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

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

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