Check back below for updates on gorgeous Naples, Florida, including general event information, news, and community highlights.

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Christmas on Third Tree Lighting & Celebration

Christmas on Third Tree Lighting & Celebration

November 20, 2017

Third Street South, full of twinkly lights and wonderful red and silver decorations, launches the Holiday Season as the Mayor lights the official Christmas Tree. Music and bells resound from every courtyard and plaza, Santa arrives, the crèche is alive at Third and Broad, and…the snow falls. For more info, click here.

 

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Paradise Coast Wine & Food Experience

Paradise Coast Wine & Food Experience

November 11, 2017

The News-Press and Naples Daily News present the Paradise Coast Food & Wine Experience for fans and connoisseurs alike! Bring your appetite to this culinary exploration in Southwest Florida on Fifth Avenue South. Indulge in food, wine, beer and spirits from famous chefs and mixologists. For more info, click here.

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Swamp Buggy Parade 2017

Swamp Buggy Parade 2017

November 4, 2017

The Annual Swamp Buggy Parade returns to Downtown Naples! You are invited to attend and witness Collier County’s longest living tradition, the opening of the Fall Swamp Buggy Racing Season. For more info, click here.

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Naples Florida Monthly Real Estate Market Update – September 2017

Naples Florida Real Estate Market News –
September 2017

 

CLOSED SALES

  • The number of closed sales year-to-date for Naples, Bonita Springs and Estero increased 4.4% year-over-year.
  • Closed sales priced above $2 million increased 23.7% through September compared to the same period in 2016 (370 vs 299). During the past 12 months, closings in this segment are up 15% over the prior 12 months (450 vs. 391).

 

NEW LISTINGS/INVENTORY

  • Available inventory on October 1, 2017 consisted of 5,807 units, a decrease of 4.5% from October 1, 2016. This represents 5.8 months of supply based on current absorption rates.
  • During the 12 months ending September 30, 2017, a total of 19,509 listings were added to the market, a decline of 3% from the prior 12 months.

 

AVERAGE AND MEDIAN SALES PRICE

  • Year-to-date average sales price for the area increased 4.2% to $544,229, up from $522,121 for the same period in 2016. Median closed price is approximately the same at $325,000, compared to $320,000 last year.
  • Average price of sales above $2 million remained static over the past 12 months at $3,839,000, up 3% from the 12 months ending September 30, 2016.

 

MARCO ISLAND 

CLOSED SALES

  • During the 12 months ending September 30, 2017, the Marco Island area recorded 858 residential closings, an increase of 3% over the prior 12 months (858 vs. 833).
  • Year-to-date 681 closings occured compared to 662 for the same period in 2016.

 

NEW LISTINGS/INVENTORY

  • Available inventory on October 1, 2017 consisted of 607 single family homes and condominiums, down from 622 units at the same time last year. This represents 8.5 months of supply based on the current sales pace.
  • During the 12 months ending September 30, 2017, a total of 1,240 new listings were added to the Marco Island market, down 17.6% from the prior 12 months.

 

AVERAGE AND MEDIAN SALES PRICE

  • Year-to-date average price of closed sales stands at $671,300 vs. $703,300 for the same period in 2016.
  • Average sales price for the 12 months ending September 30, 2017 is $697,370, down slightly from $702,215 at the end of the prior 12 months. Median price increased 5.2% from $545,477 to $573,877.

 

HURRICANE IRMA IMPACT ON NUMBERS

The impact from Hurricane Irma on the Southwest Florida real estate market will not be fully known for several months. As expected, the event substantially affected the month of September. Residents evacuated in large numbers, many businesses were without power and had to remain closed for prolonged periods, and real estate closings scheduled to occur during the month had to be delayed. The result was that closings in the Naples, Bonita Springs and Estero combined market were down 35% for the month when compared with September 2016, and Marco Island closings were down over 50%. In the coming months, John R. Wood Properties will carefully monitor data on all listing and sales activity by area and price range to help us fully understand the impact of the storm based on specific segments of the market.

At the time of this report, all signs point to a busy season, although it appears to be starting a little later than normal. Buyers are arriving daily and making purchases, and many winter residents are completing clean-up to their property and preparing them for the market. Restaurants and other businesses are mostly back in full swing, and traffic is heavier than a month or two ago.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2017 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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Hurricane Irma’s Effect on the Naples Real Estate Market

Hurricane Irma’s Effect on the Naples Real Estate Market

Many of my customers have asked about the expected effect of Irma on the local real estate market over the coming months. If history is any indication, any negative impact will probably be non-existent or very brief.

Over the years from 2000 to the present, this area has weathered a few hurricanes, the most significant being Charley in 2004; Wilma in 2005; and most recently, Irma. While storms such as these definitely cause disruptions to business and life in general, the recovery typically happens quickly. Immediately following the storm, clean-up and restoration of services to residents is a priority. Both local and national emergency services are working day and night to make this happen as quickly as possible, as they have in all of the instances mentioned. The clean-up stage may take a bit more time in some areas, but the worst of it should be nearly over. The next phase is the restoration of private property and businesses that sustained damage. This can take a bit longer depending upon the availability of labor, materials, and the extent of damage. Fortunately for Southwest Florida, most damage to structures from Irma is limited to screen enclosure damage, roof tiles and other parts of the roof structure, and in some cases downed trees impacting buildings.

Currently, I anticipate that there will be minimal disruption to activity in the market. Any downturn in the short term is likely to be due to the fact that sellers want to wait to begin showing their properties until repairs are completed and landscapes cleared of debris. Overall, Southwest Florida has enjoyed a balanced market over the past several months, with a good selection of available properties for sale and many buyers ready to secure their place in paradise.  I do not expect that to change. Given the sales history of 2017 year-to-date, buyer demand should remain strong, leading to a very busy 2017-2018 “season.” Likely, prices will not be impacted significantly, and if they are, it will only be for a short time.

The important thing for buyers and sellers is: Good decisions are seldom made in a state of anxiety, and although there are no guarantees for the future, history indicates that the market will remain strong and an investment in Southwest Florida real estate will continue to be a prudent one.

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Naples Florida Community Sales Report – August 2017

Monthly Active/Closed Snapshot
12 Month Sold Comparison Report
for Select Communities

This Naples Florida Community Sales Report will show you the market trends for many of the top communities in Naples and Bonita Springs. If you would like more information regarding the Naples Florida Community Sales Report, e-mail Dustin Beard.

 

Information contained in this report is current as of September 1, 2017.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2016 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.”

 

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Naples Florida Monthly Real Estate Market Update – August 2017

Naples Florida Real Estate Market News –
August 2017

CLOSED SALES

  • Year-to-date closed sales for Naples, Bonita Springs and Estero are up 9.3% year-over-year.
  • Closed sales priced above $2 million are up 25.8% through August compared to the same period in 2016 (351 vs. 279). Over the past 12 months ending August 31, 2017, sales in this category are up 11.6% (451 vs. 404).

 

NEW LISTINGS/INVENTORY

  • Available inventory on September 1, 2017 consisted of 6,125 units, an increase of 2% over last year. This represents approximately six months of supply based on current absorption rates.
  • During the 12 months ending August 31, 2017, there were a total of 20,430 new listings added to the market, an increase of less than 3% over the same period in 2016.

 

AVERAGE AND MEDIAN SALES PRICE

  • Year-to-date average sales price for the area increased nearly 4% over prior year at $551,065 compared to $531,034 at the end of August 2016. Median price remained similar to prior year at $325,000 compared to $320,000 for the period in 2016.
  • Average sales price of properties above $2 million remained approximately the same as last year at $3,811,400.

 

MARCO ISLAND 

CLOSED SALES

  • The number of sales year-to-date is up 6.9% with 650 closings vs. 608 for the same period in 2016.
  • During the 12 months ending August 31, 2017, the Marco Island area had 902 closings, up from 837 for the 12 months ending August 31, 2016.

 

NEW LISTINGS/INVENTORY

  • Available inventory on September 1, 2017, consisted of 644 single family homes and condominiums. This represents 8.6 months of supply based on current absorption rates.
  • During the 12 months ending August 31, 2017, there were a total of 1,297 new listings added to the market, down 12% from the prior 12 months.

 

AVERAGE AND MEDIAN SALES PRICE

  • Year-to-date average sales price remained static with prior year at $686,246 vs. $689,288 in 2016.
  • Over the 12 months ending August 31, 2017, the average price increased 4.8% to $714,524, while median price for the period was up 5.4% to $569,700.

 

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2016 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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Waterside Shops: Craving Fashion

Waterside Shops: Craving Fashion

September 22, 2017

Waterside Shops hosts the fifth annual Craving Fashion culinary and fashion event where guests can see the latest fashions available at retailers and enjoy bites from dozens of area restaurants from 5:30- 8 p.m. on Friday. Proceeds benefit United Way of Collier County. For more information, click here.

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Party with a Purpose

Party with a Purpose

September 9, 2017

The fourth annual Party with a Purpose takes place Saturday from 5-9:30 p.m. at the Hilton Naples.  This year’s honoree is longtime Neapolitan Thelma Hodges.  Proceeds will benefit Dress for Success and Act-So, an Afro-Academic, Cultural, Technological, and Scientific Olympics designed to recruit, stimulate and encourage high academics and cultural achievement among high school students. For more information, click here.

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Local Artists Exhibition at Naples Art Association

Local Artists Exhibition at Naples Art Association

August 14 – September 29, 2017

Your Choice is the Naples Art Association’s annual non-juried exhibition. It provides an opportunity for Naples Art Association contributors to present their artwork to a large audience with no jury process requirement. Artists decide which artwork they will exhibit while viewers who attended the opening reception decide who will receive the awards. All the artwork in this exhibit is for sale. For more information, please click here.