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Naples Florida Community Sales Report – November 2018

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 November 30, 2018.

“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.”
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Naples Florida Monthly Real Estate Market Update – November 2018 – LUXURY MARKET

Naples Florida Real Estate Market News –
November 2018

LUXURY MARKET

 

 

 

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending November 30, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 10% year-over-year (369 vs 336).

NEW LISTINGS / INVENTORY

  • During the 12 months ending November 30, 2018, a total of 667 new listings were added to the market, this is approximately 10% more listings than the same time period 12 months ending November 30, 2017.
  • Available inventory as of November 30, 2018 consisted of 397 units, an increase of 4% vs the same time period in 2017. Current inventory represents 12 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $3,402,141, which increased 7% vs the same time period in 2017.
  • The median sales price for the area increased 16% to $2,672,500 vs 2017.

 

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending November 30, 2018 for the luxury market from Port Royal to Bonita Beach Road area improved 36% year-over-year (461 vs 340).

NEW LISTINGS / INVENTORY

  • During the 12 months ending November 30, 2018, a total of 678 new listings were added to the market, an increase of approximately 18% vs the same time period, 12 months ending November 30, 2017.
  • Available inventory as of November 30, 2018 consisted of 350 units, a decrease of 5% 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 $1,936,501, an increase of 5% vs the same time period in 2017.
  • The median sales price for the area increased 11% to $1,550,000 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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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.