Naples Real Estate Report! April 25, 2022
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Naples Real Estate Report
Real Estate News
Naples Area Real Estate Market Report – Naples Area Board of REALTOR® (NABOR®) released the March Market Report. Here are a few interesting statistics and comments:
- Inventory of homes is growing, up 20% in March compared to February
- Sales decreased 36.5% from a year ago as the overall number of available homes on the market remains low
- Median home prices were up nearly 40% compared to March 2021
- The number of new listings have risen since late last year, now at a level about the same as a year ago
- About a third of the homes for sale in March had price reductions as many were priced too high
- The trend to list $25,000 to $75,000 over comps is beginning to fade
March 2022 compared to March 2021:
For details, trends, and year-to-date Naples area market statistics click here. Highlights from the March 2022 market report compared to March 2021:
| Categories | March 2021 | March 2022 | Change |
|---|---|---|---|
| Total showings (month/month) | 60,147 | 43,206 | -28% |
| Total closed sales (month/month) | 1,899 | 1,205 | -36.5% |
| Total pending sales (homes under contract) (month/month) | 2,469 | 1,611 | -34.8% |
| Median closed price (month/month) | $412,000 | $575,000 | 39.6% |
| New listings (month/month) | 1,711 | 1,637 | -4.3% |
| Total active listings (inventory) | 1,819 | 1,392 | -23.5% |
| Average days on market | 67 | 22 | -67.2% |
| Single-family closed sales month/month) | 858 | 598 | -30.3% |
| Single-family median closed price (month/month) | $581,030 | $745,000 | 28.2% |
| Single-family inventory | 889 | 827 | -8.0% |
| Condominium closed sales (month/month) | 1,041 | 607 | -41.7% |
| Condominium median closed price (month/month) | $310,000 | $465,000 | 50.0% |
| Condominium inventory | 930 | 565 | -39.2% |
About Our Company
MVP Realty Associates, LLC – MVP Realty is a Naples based real estate company with agents and offices located throughout Florida:
- Exceeded $2.5 billion in home sales in 2021 and closed over 8,000 transactions
- One of the largest real estate companies in Florida
- Top 1% in total sales transactions and number of real estate agents
- The #2 real estate company in SWFL
- More than 20 offices across Florida
- Over 1,100 agents who will help market your property to prospective Buyers
- Fastest growing real estate company in Florida the past eight years
- Brokers have 75+ years of broker experience
- Best agent training, technology and tools in the industry
