Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Aug. 1, 2021

Greg's August SWFL Marketing Report

 

Good afternoon everyone!  I hope you are all staying healthy and safe.  As many of you know it is still a seller's market with the buyers not having as many options as they would like.  The information below is from NABOR August Report.  


Demand for homes in Collier County kept REALTORS® busy in August, even as inventory dropped 77.3 percent to 1,249 homes from 5,503 homes in August 2020. According to the August 2021 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), REALTOR®s escorted buyers on over 30,000 home showings in August! The month’s strong showing activity – coupled with a 76.8 percent decrease in days on market to 22 days – means most homes were listed, shown, and sold in less than 30 days.

Historically, median closed prices of homes sold during summer months tend to be lower than median closed prices of homes sold during high-season months (January through April), but that trend did not occur this year. According to the report, the median closed price reported in August was $75,000 higher than the median closed price reported in January 2021. The median closed price of homes sold increased 11.7 percent in August to $441,300 from $395,000 in August 2020 (median price is the price at which 50 percent of the homes sold were above that price, and 50 percent were below).

With the help of a REALTOR®, homeowners who sold a home in August most likely enjoyed a nice profit. That’s because local REALTORS® understands the market and can help price a home correctly, screen out unqualified buyers, assist in negotiating repairs and contingent offers, evaluate the offers presented and negotiate the best possible terms for the homeowner.

The August Market Report reported days on market in August decreased 76.8 percent to 22 days from 95 days in August 2020. As such, many of the 1,101 pending sales reported in August were also included in the report’s 1,033 closed sales figure. Pending and closed sales, incidentally, decreased by 25.6 and 7.9 percent in August, respectively. Broker analysts predict pending and closed sales will continue to decrease in comparison to past years because of limited inventory. 

This is an unprecedented time for the sellers.  To my buyers, there are still some wonderful homes for you.  If you or if you know of anyone who is thinking of selling, would you please give me a call?  I will be happy to do a free Market Analysis.  We always like to hear from you.   

"Helping you make the Right Move" 

Good afternoon everyone!  I hope you are all staying healthy and safe.  As many of you know it is still a seller's market with the buyers not having as many options as they would like.  The information below is from NABOR August Report.  


Demand for homes in Collier County kept REALTORS® busy in August, even as inventory dropped 77.3 percent to 1,249 homes from 5,503 homes in August 2020. According to the August 2021 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), REALTOR®s escorted buyers on over 30,000 home showings in August! The month’s strong showing activity – coupled with a 76.8 percent decrease in days on market to 22 days – means most homes were listed, shown, and sold in less than 30 days.

Historically, median closed prices of homes sold during summer months tend to be lower than median closed prices of homes sold during high-season months (January through April), but that trend did not occur this year. According to the report, the median closed price reported in August was $75,000 higher than the median closed price reported in January 2021. The median closed price of homes sold increased 11.7 percent in August to $441,300 from $395,000 in August 2020 (median price is the price at which 50 percent of the homes sold were above that price, and 50 percent were below).

With the help of a REALTOR®, homeowners who sold a home in August most likely enjoyed a nice profit. That’s because local REALTORS® understands the market and can help price a home correctly, screen out unqualified buyers, assist in negotiating repairs and contingent offers, evaluate the offers presented and negotiate the best possible terms for the homeowner.

The August Market Report reported days on market in August decreased 76.8 percent to 22 days from 95 days in August 2020. As such, many of the 1,101 pending sales reported in August were also included in the report’s 1,033 closed sales figure. Pending and closed sales, incidentally, decreased by 25.6 and 7.9 percent in August, respectively. Broker analysts predict pending and closed sales will continue to decrease in comparison to past years because of limited inventory. 

This is an unprecedented time for the sellers.  To my buyers, there are still some wonderful homes for you.  If you or if you know of anyone who is thinking of selling, would you please give me a call?  I will be happy to do a free Market Analysis.  We always like to hear from you.   

"Helping you make the Right Move" 

Posted in Market Updates
July 1, 2021

Greg's July SWFL Marketing Report

 

 

I know, it's been a while since I sent you my monthly marketing reports.  It's been quite a whirlwind here as it has across the United States.  It's been difficult for our buyers to find homes, it has definitely been a seller's market.  We are starting to see a little slowdown, but only because the inventory has been so low.  Take a look at the statistics for yourself.  

The buying frenzy the Naples housing market experienced during the past year has simmered and is being replaced with what brokers say will be our new normal: a low inventory market with a fast turnover of quality homes priced right. According to the July 2021 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), inventory decreased 77.2 percent to 1,295 homes in July 2021 compared to 5,672 homes in July 2020, but demand continues to be steady as there were only 30 fewer closed sales and just a 2 percent drop in showings. Clues that buyers and sellers are adapting to a new normal can be found in recent Market Reports. The percent of the list price received has been over 99 percent for the last three months, which shows us that sellers are setting realistic prices and buyers are accepting these values as fair because offers are at near asking prices. The median closed price in July increased 28.8 percent to $469,950 from $365,000 in July 2020. And even though overall pending sales in July dropped 21.5 percent to 1,135 pending sales from 1,446 pending sales in July 2020, and overall closed sales dropped 2.6 percent to 1,142 closed sales from 1,172 closed sales in July 2020, activity in the high-end luxury home market picked up speed during the month as reflected in a 32.6 percent increase in closed sales for homes over $1 million, and a 17.1 percent increase in pending sales for single-family homes valued over $1 million in July. Homes are selling at record-fast rates. The July Market Report showed days on market decreased 69.6 percent to 28 days from 92 days in July 2020. For single-family homes, days on market dropped to 25 days in July. Homes are available but they are just not staying on the market long, especially quality homes that are priced right.

The market is still robust, don't be shy about jumping in.  It's our "new normal."  Even if your home is "not so perfect", I am finding buyers for these homes.  Buyers, don't waste your time driving around town, as you know by the time you call me it is already under contract.  Call me first, and let me find the right home for you.  I am experienced in this type of market and know the strategies to get the perfect home for you.  

Please send me a comment, I love hearing from you!  

Helping you make the right move! 

Posted in Market Updates
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates