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Naples Florida Monthly Real Estate Market Update – November 2018

Naples Florida Real Estate Market News –
November 2018

 

 

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending November 30, 2018 for the Naples, Bonita Springs and Estero area increased 2% year-over-year (7,008 vs 6,872).
  • There were 20 closed sales, priced above two million, in November 2018 compared to 24 in November 2017. During the 12 months ending November 30, 2018, sales in this category increased 12% over the same time period in 2017 (406 vs 364).

NEW LISTINGS / INVENTORY

  • During the 12 months ending November 30, 2018, a total of 11,644 new listings were added to the market, this is 9% more listings than the same time period, 12 months ending November 30, 2017.
  • Available inventory as of November 30, 2018 consisted of 5,171 units, an increase of 10% vs the same time period in 2017. Current inventory represents 9 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $669,611 which improved over the same time period in 2017, representing an increase of 6%.
  • The median sales price for the area decreased 2% to $381,250 vs $390,000 in 2017.

 

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending November 30, 2018 for the Naples, Bonita Springs and Estero area increased 9% year-over-year (5,886 vs 5,416).
  • There were 9 closed sales, priced above two million, in November 2018 compared to 5 in November 2017, an 80% increase. During the 12 months ending November 30, 2018, sales in this category increased 27% over the same time period in 2017 (148 vs 117 units).

NEW LISTINGS / INVENTORY

  • During the 12 months ending November 30, 2018, a total of 9,269 new listings were added to the market, approximately 6% more listings than the same time period 12 months ending November 30, 2017.
  • Available inventory as of November 30, 2018 consisted of 4,175 units, an increase of less than 1% vs the same time period in 2017. Current inventory represents 9 months of supply based on current absorption rate.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $423,187, which improved over the same time period in 2017, representing an increase of 8%.
  • The median sales price stayed the same at $233,000 vs 2017.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2018 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Naples Florida Monthly Real Estate Market Update is provided by Dustin Beard.”

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Night Lights in the Naples Botanical Garden

Night Lights in the Naples Botanical Garden

December 7, 2018 – December 23, 2018 | Daily 6:00 p.m. to 9:00 p.m.

For 25 nights, rediscover the natural beauty of plants from the tropics and subtropics as thousands of lights illuminate the Garden. Enjoy entertainment for the whole family including music from various local artists and gourmet treats. On select nights, your stroll will include making a wish on a Wishing Tree, and special holiday performances by Opera Naples and Naples Ballet.

Admission: December 7-13 Garden Members: $10 adult / $5 child (ages 4-14); 3 and under FREE (ticket required) Non-Members: $20 adult / $10 child (ages 4-14); 3 and under FREE (ticket required) December 14-January 3 Garden Members: $10 adult /$5 child (ages 4-14); 3 and under FREE (ticket required) Non-Members: $25 adult / $15 child (ages 4-14); 3 and under FREE (ticket required)

Click here for more information.

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45th Annual Christmas Walk & Tree Lighting Ceremony

45th Annual Christmas Walk & Tree Lighting Ceremony

December 7, 2018 – 5:00 p.m. to 8:30 p.m.

 

Don’t miss this Naples’ tradition as choral groups, dance troupes, theatre troupe, bands and more come together to bring this annual extravaganza to the Avenue. Join Mayor Bill Barnett and ABC 7 Anchor Krista Fogelsong as they light the tree and kick of the holidays on the Avenue.

Click here for more information.

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Winter Sizzle SWFL Restaurant Week

Winter Sizzle SWFL Restaurant Week

November 29 – December 12, 2018

Sizzle SWFL Restaurant Week is a semi-annual charity driven promotion that celebrates dining out at an affordable price at some of the best restaurants in Southwest Florida. The Winter Edition of Sizzle SWFL Restaurant Week is November 29 – December 12 with over 50 participating restaurants offering three-course prix-fixe dinner menus with special upgrades and deals starting at just $26 or $36.

Click here for more information.

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Vistas #PH-2 – 4651 Gulf Shore Blvd N

Vistas #PH-2 - 4651 Gulf Shore Blvd N

With its sweeping direct Gulf views and breathtaking sunsets, this penthouse is the ultimate in beachfront living. The open floor plan with floor to ceiling windows and access to a fabulous screened-in balcony from the spacious living room and both bedrooms further enhances this coastal treasure. Electric blinds and hurricane shutters provide privacy and safety.

This impressive residence features a neutral palette, high quality finishes, gorgeous granite and unique light fixtures personifying luxurious living. A beautiful tile backsplash, custom cabinetry and a Blanco sink accent the stunning kitchen. A convenient pass through opening to the dining room is designed with functionality in mind.

The magnificent master suite with its balcony access, exquisite wood flooring and large walk-in closet is a warm, inviting retreat. The elegant master bath highlights a Jacuzzi bathtub, a walk-in shower, counter height dual sinks, a vanity area, a generous linen closet and custom cabinetry. A second bedroom, also offering balcony access, affords guests a great panoramic view. The guest bathroom has a walk-in shower with a seat and a dazzling sink and backsplash. Additionally, the laundry area has a stackable Electrolux washer and dryer.

Vistas at Park Shore offers stunning views along the coast line of the Gulf of Mexico. This high-rise condominium was built in 1990 by The Lutgert Companies and features 2-bedroom units with a little over 1,500 square feet to 3-bedroom units featuring over 1,900 square feet of living area. The Southwestern exposure and three-bedroom floor plan of the 04 stack makes it the most sought after stack in the tower. Although, every unit in the Vistas has a very good Gulf view so there is no way to go wrong with this premier beachfront building.

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Thanksgiving 5K at Cambier Park

Thanksgiving 5K at Cambier Park

November 22, 2018

7:30am

The run/walk event will be held at Cambier Park at 7:30 AM on Thursday, November 22rd, 2018.

This beautiful 5k course will wind through downtown Naples with festivities staged from the picturesque Cambier Park!! Pumpkin pie and apple cider will be served after the race! Plenty of FREE parking.

Long Sleeve Shirts to all pre-registered participants! Race Medals to all finishers! FREE 100-yard dash for children 6 and under. FREE 1K fun run for children 14 and under.

This race benefit’s St. Matthew’s House and we are collecting canned goods as well as clothing for St. Matthew’s House. Please bring a your items to packet pick-up or to the registration area on the day of the race. Moe’s Southwest Grill has pledged to donate 1 pound of rice/beans to St. Matthew’s house for every participant registered!

This 5k will be a GREAT way to start your Thanksgiving weekend! Early Packet Pick Up – Naples on the Run Tuesday, November 20th from 10AM to 6:30PM Wednesday, November 21st from 10AM to 5PM Course open for 90 minutes All participants have option to be chip timed Full awards ceremony.

Click here for more information.

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Artcrafters Fine Art & Craft Show

Artcrafters Fine Art & Craft Show

November 10, 2018

10:00 a.m. to 4:00 p.m.

Most people are familiar with the monthly art shows held in Cambier Park and Fleischmann Park that are sponsored by the Artcrafters organization from October through April each year. Member/exhibitors in these shows are required to pass a rigorous jury process. The disciplines included in these shows include – Oils, Acrylic and Watercolor Painting, Pen and Ink, Pencil and Pastel Drawing, Photography, Custom and Special Handmade Jewelry, Sculptures, Pottery and Clay Artwork, Stained and fused glass, Wood turning and carving, Special Basket weaving and much more.

Click here for more information.

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Celebration of Lights & Snow Falling Nightly

Celebration of Lights & Snow Falling Nightly

November 20, 2018 – November 24, 2018

6:00 p.m. to 9:00 p.m.

 

Come and enjoy the wonderful holiday festivities on Third Street South 6 to 9 p.m. each evening this week (except Thursday night, Thanksgiving, Nov. 22rd) with the snow starting at 7 p.m. There will be music, singing, carolers, and SNOW falling in the Third Street South shopping district to usher in the Holiday Season!

Click here for more information.

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The Brittany #2006 – 4021 Gulf Shore Blvd., N.

The Brittany #2006 - 4021 Gulf Shore Blvd., N.

Live luxuriously and enjoy spectacular vistas of the Gulf of Mexico, the city of Naples and the pristine Venetian Bay from this 20th floor residence in The Brittany. With Gulf views from Sanibel to Naples and the sparkling evening lights of Venetian Village, the view from the top is simply breathtaking. Exquisitely updated and renovated, this unit boasts stunning finishes, including intricate trim and crown molding throughout, custom draperies and Hunter Douglass blinds covering the floor-to-ceiling windows, gorgeous travertine marble flooring and beautiful Onyx countertops which are backlit for a unique effect.

The open living room leading to an expansive screened balcony highlights the panoramic views for impressive indoor and outdoor entertainment spaces. A new Uline refrigerator and wine cooler complete the wet bar in the elegant dining room. The dream kitchen with a handy island, features Thermador appliances, Poggenpohl cabinets, a Kinetico Reverse osmosis water station and sleek granite counter tops. Across from the kitchen is a convenient laundry room with plenty of cabinets and a sink. Off the kitchen is a light and bright morning room looking out to Venetian Bay. Adjacent to the morning room is a den with built in cabinets and access to the east-facing balcony for direct views of serene Venetian Bay and the dazzling night lights.

Stain glass doors lead the way into the magnificent master suite with its European closets for ample storage. Capturing a contemporary feel the en-suite master bath features a jetted Jacuzzi tub, a walk-in shower, a separate toilet and bidet area, unique dual sinks with glass counters and a marble floor. Both guest bedrooms are striking with textured walls, en-suite bathrooms, a roomy closet and additional access to the east facing balcony offering more views of the Bay.

The Brittany is one of the flagship buildings in Park Shore offering residents a well-equipped fitness room with separate massage room and men and women’s locker rooms, a card room, board room, private beach access, two guest suites, tennis courts, a resort-style, beachfront pool and spa area and 24-hour security. Within convenient walking distance to the Venetian Village, owners can leave their cars in one of two deeded parking spaces under the building and enjoy renowned shopping and dining on a whim.

Additionally, this unit has hurricane shutters on the front and back balconies and extra storage in the service corridor. Unparalleled quality, views and location truly make this a 5-star offering.

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Lakoya Lely Resort – 6684 Costa Circle

Lakoya – Lely Resort - 6684 Costa Circle

This impressive residence in the exclusive community of Lakoya within Lely Resort highlights the rare Madison floor plan featuring a spacious, open, great room and rich, custom, one-of-a-kind architectural elements. With stunning porcelain tile flooring throughout the main living area, soaring ceilings, custom wood craftsmanship, dramatic lighting, stylish window treatments, and Haiku fans, this home personifies quality and beauty. The exquisite great room with its wall of sliders, opens to provide an outdoor entertainment area with amazing lake views. A custom designed “ThinkGlass” table with a unique LED multicolor light system is the center piece of the dining room, where sliders open to an outdoor grill area complete with a sink, small refrigerator and dining space. A chef’s dream, the fabulous kitchen features a large island of “River White” granite, Kitchen Craft cabinets, wall ovens with natural gas and top-of-the-line appliances and fixtures. Beautiful hickory hard wood flooring accents the quaint den/study.

The majestic master suite offers his/hers separate large walk-in closets, and access to a private covered lanai. Hunter Douglas powerview motorized shades offer privacy in the bedroom and the master bath. A relaxing spa tub, gorgeous granite counter height sinks, a grand shower with dual shower heads and a separate toilet area complete this en-suite bathroom. The endless decorative finishes, superior craftsmanship and meticulous attention to detail continues throughout the three additional en-suite bedrooms and bathrooms. The huge laundry room offers plenty of cabinets, counter space and a wash tub.

Upgraded to a salt water system, the spectacular natural gas heated pool and spa area accents the generous outdoor lanai and boasts views of the sparkling lake. An abundance of space, storage and security are offered with an air conditioned 3-car garage, whole home generator, and impact doors and windows.

The Players Club & Spa at Lely Resort is a 15-acre tropical retreat where you and your family can relax, socialize, enjoy recreational facilities and participate in the many programs and activities available. The award-winning Club, totaling over 30,000 square feet features resort-style pool areas including an expansive pool deck, a lap/fitness pool with waterfall, a family pool with a swim-under, waterfall & toddler pool, a whirlpool spa, bathroom facilities with showers and day lockers and shade cabanas. The 6,000 square foot fitness center offers two fitness class rooms, personal trainers on-site, lockers with steam rooms and a separate full-service spa. The highly-sought-after tennis programs incorporate clinics for all skill levels, doubles play, league and match play. Enjoy endless dining choices including an elegant Club dining room, casual social grill, terrace & verandah seating, poolside Tiki bar & grill, private dining areas and outdoor fireplace & lounge area. The Players Club presents an extensive calendar of events and social gaming & group clubs from Bridge and Mah Jongg to Ladies’ and Mens’ golf and cycling groups. Additional features include a computer center, cards & game room, billiard room, dog park, theatre room, pickleball courts and reciprocal golf privileges.

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