Southwest Florida Real Estate
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Naples Real Estate Report! August 27, 2022


Naples Real Estate Report

Naples real estate

Who’s Moving to Florida?

No state is gaining more high-earning households than Florida, and it’s not even close, according to a study from SmartAsset.  The study examined the inflow and outflow of tax filers making at least $200,000 in each state between 2019 and 2020.  Despite losing 11,756 tax filers who reported at least $200,000 in income in 2020, the Sunshine State added 32,019 high-earning households that same year, a net addition of 20,263 high-income filers.

Real Estate News

Naples Area Real Estate Market ReportNaples Area Board of REALTOR® (NABOR®) released the July Market Report. Here are a few interesting comments:
  • July home sales were the lowest for the mid-summer month in many years
  • The move back towards a balanced Buyer-Seller market continues as inventory grows
  • Many price reductions occurred when the buying frenzy ended
  • Home values are not expected to drop as there is still a strong demand for homes in SWFL

July 2022 compared to July 2021:
Naples Real Estate

For details, trends, and year-to-date Naples area market statistics click here. Highlights from the July 2022 market report compared to July 2021:

Categories July 2021 July 2022 Change
Total showings (month/month) 31,911 24,562 -23.0%
Total closed sales (month/month) 1,170 662 -43.4%
Total pending sales (homes under contract) (month/month) 1,135 751 -33.8%
Median closed price (month/month) $469,950 $545,000 16.0%
New listings (month/month) 1,135 751 -15.2%
Total active listings (inventory) 1,295 2,429 87.6%
Average days on market 28 26 -7.1%
Single-family closed sales month/month) 591 324 -45.2%
Single-family median closed price (month/month) $620,000 $730,000 17.7%
Single-family inventory 772 1,498 94.0%
Condominium closed sales (month/month) 579 338 -41.6%
Condominium median closed price (month/month) $350,000 $426,500 21.9%
Condominium inventory 523 931 78.0%

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
  • The #2 real estate company in SWFL
  • More than 20 offices across Florida
  • Nearly 1,200 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

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

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