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Naples Real Estate Report! December 27, 2022


Naples Real Estate Report

Naples real estate


Real Estate News

Naples Area Real Estate Market ReportNaples Area Board of REALTOR® (NABOR®) released the November Market Report. Here are a few interesting comments:
  • A 41.4% decrease in sales in November 2022 compared to a year ago
  • Inventory remains low at just 2.8 months supply (a balanced market is six month supply)
  • Cash sales accounted for 62.3% of the home sales
  • Newer homes are more desirable with insurance struggles with the older homes
  • Inventory rose in all price categories except the $300,000 and lower category
  • November’s overall median closed price increased 20.4% to $600,000 from $498,500 in November 2021
  • Sellers can no longer expect multiple offers that are significantly over the listed price
  • November’s report showed sellers are more willing to negotiate again as the overall percent of list price received decreased 3.3% compared to a year ago

November 2022 compared to November 2021:Bonita Springs real estate

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

Categories November 2021 November 2022 Change
Total showings (month/month) 31,291 20,091 -36.0%
Total closed sales (month/month) 942 552 -41.4%
Total pending sales (homes under contract) (month/month) 1,138 767 -32.6%
Median closed price (month/month) $498,500 $600,000 20.4%
New listings (month/month) 982 926 -5.7%
Total active listings (inventory) 1,259 2,478 96.8%
Average days on market 24 46 91.7%
Single-family closed sales month/month) 477 286 -40.0%
Single-family median closed price (month/month) $620,000 $820,000 32.3%
Single-family inventory 842 1,561 85.4%
Condominium closed sales (month/month) 465 266 -42.8%
Condominium median closed price (month/month) $375,000 $448,250 19.5%
Condominium inventory 417 917 119.9%

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  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
  • Over 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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