Naples Real Estate Report! December 27, 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 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:
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
