My Recent Blog Posts

According to the November 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), there were 552 overall closed sales in November, which is a 41.4 percent decrease from 942 closed sales recorded in November 2021. The post-pandemic home buying surge that took place when mortgage rates were historically low has ended. Housing inventory in Naples is on the rise but remains low at just 2.8 months of inventory reported in November (a balanced market has a six-month supply of inventory). As expected, the limited inventory environment in Naples is restricting sales and increasing prices. Though broker analysts reviewing the report pointed out that cash sales accounted for 62.3 percent of closed sales in November; it is an indication that the Naples housing market remains a solid investment.

Just 11 weeks after Hurricane Ian, our 5th Ave S office is now open. Having stayed open immediatly following the storm to assist with displaced residents, our repairs have just been completed and the 5th Avenue S office is now open. Find us right next to Cameron Mitchell's Ocean Prime and the iconic Inn on Fifth at 691 5th Ave S, Naples, FL 34102.

Housing Market Favorable for Preseason Buyers. Speculation that home sales in October would drop dramatically in Collier County following Hurricane Ian was proven inaccurate as closed and pending sales for the month increased 23.7 and 8.7 percent, respectively, compared to closed and pending sales reported in September, according to the October 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). And even though 525 listings were either terminated, expired or withdrawn from the Southwest Florida MLS during October, overall inventory for the month increased 72.7 percent to 2,325 properties from 1,346 properties in October 2021.

Look out for a new hotel in Downtown Naples! On the corner of Goodlette Frank Road and 5th Avenue S, in the heart of Naples, the new AC Hotel by Marriott will feature 150 guest suites, a rooftop pool and a rooftop restaurant & bar boasting indoor and outdoor seating. It is currently slated for a fall 2023 completion. Check out the renderings below!

September’s data showed a predictable pattern of slow closed and pending sales with a slight increase in inventory. Naples, Fla. (October 21, 2022) – The impact of Hurricane Ian, as witnessed on the last two days of September, is not reflected in the September 2022 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Given this, September’s data showed a predictable pattern of slow closed and pending sales with a slight increase in inventory, which is traditionally the case in historically stable Septembers. (The September 2022 infographic and chart are located at the end of this email.) While the report captured activity prior to Hurricane Ian’s arrival, broker analysts who reviewed the report on October 18th are confident Naples’ recovery will be swift and the resiliency of its home values will be protected.