Naples Real Estate Report! August 27, 2022
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Naples Real Estate Report
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 Report – Naples 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:
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