Blog Post Image
Market Trends



Naples Market Report

It has not come as a surprise for many that REALTORS® in Collier County were very busy even in the month of August, even with our inventory levels dropping down  77.3% to only 1,249 homes.  Seem like a lot?  Not if you compare to over 5,500 homes available in August of 2020! And the number of physical showings performed by REALTORS exceeded 30,000 in the month of August (2021) in Collier County (excluding Marco Island)!  Because of this pent-up Buyer demand and low inventory, the days on market dropped to an average of 22 days which reflected a decrease of 76.8%, meaning that the majority of homes were sold in less than 30 days once shown in person.  There has been speculation that this could very well continue to influence an upward trend in the market here.  

The historical trend has reflected lower than median closed sales prices during our peak seasonal months (Jan-April), but not this year.  The median closed price of homes was actually $75,000 HIGHER than the reported numbers in January 2021, with an increase of over 11% in August to over $441,000 from $395,000 in August of last year.  The new listings added during August of less than 1000 (992) will therefore likely be snatched up quickly because the demand is greater than the supply we have.  The 1,100 pending sales that were reported in August will also continue to decrease due to the limited inventory.  It is likely that decreased sales will continue for this reason, as inventory levels are not expected to substantially increase anytime soon.  We will all look forward to slight increases come pre-season (October/November/December), sometimes referred to as our 'mini-season', but be ready, because, with such a strong demand, the rate of absorption is expected to be high.  I

I also might suggest if a property of interest goes under contract, we can discuss the possibility of a backup contract so that if the first contract falls through, you will move in position first, and will not go back on market.  Properties coming back to market equated to almost 25%!  I might also suggest you consider taking advantage of my Concierge Alert that will immediately alert you with the pre-determined criteria specific to what you are looking for - typically within 24 hours of hitting the market, if not sooner.  I am also able to provide you information on select inventory that is about to come to market!  I watch our inventory daily and will be happy to assist you if considering a purchase within our market.  Please note that if you are considering selling,  I will assist you with the latest/greatest data for the market conditions in your neighborhood in our ever-changing fast-paced market.  Correctly pricing a home, ensuring that only qualified buyers are viewing your home, along with negotiating contingencies and potential repairs, will help you net the best possible terms and price.

For comparisons of single-family homes and condominium sales (via the  Southwest Florida  MLS), which includes price ranges, and geographic areas plus an overall market summary as well.  This is presented here chart format, including  these  overall (single-family and  condominium)  findings:   DETAILED August 2021 OVERALL MARKET OVERVIEW 


The  Naples  Area  Board of  REALTORS®  (NABOR®)  is an established organization  (Chartered in  1949)  whose members have a  positive and progressive impact on the  Naples community.  NABOR®  is a  local board of REALTORS®  and real estate professionals with a  legacy of over  60  years serving  7,000  plus members. NABOR®  is a  member of Florida  Realtors®  and the National  Association of  REALTORS®, which is the largest association in the  United  States with more than  1.5  million members and over  1,200  local boards of  REALTORS®  nationwide.  NABOR®  is structured to provide programs and services to its membership through various committees and the  NABOR®  Board of  Directors,  all of whose members  are non-paid volunteers. The term  REALTOR®  is a  registered collective membership mark that identifies a  real estate professional who is a  member of the  National  Association of  REALTORS®  and who subscribes to its strict  Code of  Ethics.