NAPLES FLORIDA REAL ESTATE NEWSLETTER
Southwest Florida Real Estate Newsletter – December 2024
As the year comes to a close, we hope you enjoyed Thanksgiving with loved ones and are ready for the festive season ahead. December is a time for reflection, gratitude, and family, and Naples offers the perfect backdrop for cherished holiday moments.
This month, we’re spotlighting our blog post Is Naples Florida Kid Friendly – Discover Why Naples, Florida is Perfect for Families with Kids, a guide to why Naples is an ideal place for raising a family, visiting with kids or hosting grandchildren. We’re also featuring Park Place, a Gulf Shore Blvd new construction condo building in the prestigious Moorings neighborhood, which is redefining luxury living along the coast with its modern design, prime location, and upscale amenities. Additional Naples, FL, new construction projects are also highlighted on our new condo buildings page!
Stay updated with our latest market report and take advantage of our inventory search tools to find your perfect home. As always, if you have any real estate questions or needs, don’t hesitate to reach out.
Wishing you a joyous holiday season and a safe, Happy New Year!
Warm regards,
Matt
Featured Blog and Development Pages
NAPLES: A FAMILY PARADISE
Naples is more than just a beach town—it’s a thriving community perfect for raising a family. Our blog, Is Naples Florida Kid Friendly – Discover Why Naples, Florida is Perfect for Families with Kids, delves into why this city is so attractive for families. Explore Naples’ top-rated schools, family-friendly neighborhoods, and activities that blend fun and learning. With year-round sunshine and a wealth of recreational options, Naples ensures families can enjoy a fulfilling lifestyle while building lasting memories. Reach out and share what family activity you love most!
DEVELOPMENT: PARK PLACE IN THE MOORINGS
Park Place on Gulf Shore Blvd is a luxurious mid-rise condominium nestled in The Moorings, one of Naples’ most prestigious neighborhoods. Comprising two four-story buildings, it offers 15 exclusive residences with panoramic views of Naples Bay and the Gulf of America. Residents enjoy premier amenities such as private boat slips, direct access to Moorings Beach, a resort-style pool, and concierge services. Ideally located along Gulf Shore Boulevard, Park Place is steps from Naples’ finest dining, shopping, and recreational destinations. It also provides access to the Moorings Golf & Country Club, offering an 18-hole golf course and vibrant social events. Dive into Park Place details and let me know if you are looking new construction, there are a lot of great Naples new developments in the works.
The Future of Luxury Living: Naples’ New Condo Buildings
Naples’ real estate market is evolving with a surge of new condo developments. These properties cater to diverse lifestyles, from waterfront retreats with stunning Gulf views to vibrant downtown residences, all with cutting-edge amenities. Key features in new condos for sale in Naples, Florida include rooftop pools, private fitness centers, and concierge services. Our highlighted projects reflect Naples’ commitment to sustainable design and innovation while offering unparalleled luxury for those seeking an elevated lifestyle.
Explore prestigious new construction condos such as Epique at Pelican Bay, Rosewood Residences, and Ritz-Carlton Residences Naples, each offering unparalleled luxury and innovative design. Discover more Naples’ new construction condos for sale here.
November 2024: Naples Market Trends and Commentary
In this month’s Naples real estate market trend review, I focused on Naples New Construction properties above $2 million in sales price. The charts below represent separate trend lines for single-family homes and condominiums and display key market metric trends over the last 6 years.
AVERAGE SALES PRICE (12-month rolling average)
The average sales price for a new construction property over $2M in Naples over the last 12 months (compared to the same 12 month period a year ago):
- Single Family Home: $6,496,595 (+11.8%)
- Condominium: $3,749,117 (+20.8%)
AVERAGE PRICE PER SQFT (12-month rolling average)
The average sales price per square foot for a new construction property over $2M in Naples over the last 12 months (compared to the same 12 month period a year ago):
- Single Family Home: $1,345(+11.2%)
- Condominium: $1,331 (+24.9%)
MONTHS SUPPLY
This is one of the most informative metrics regarding the current supply/demand balance of the real estate market activity since it combines the pace of sales with the number of properties currently available. The months of supply metric tells us how long it would take for all the properties on the market to be sold if sales continued at the current pace and no additional listings came on the market. Nationwide 6 months of supply is often considered to be a balanced market but within Naples luxury market, the typical level of supply escalates to up 24 months as the price point increases.
The months of supply for new construction properties in Naples over $2M in November 2024 (compared to November 2023):
- Single Family Homes: 27.9 months (-11.1%)
- Condominiums: 12.9 months (+65.4%)
HOMES FOR SALE
The number of new construction properties for sale in Naples over $2M in November 2024 (compared to November 2023):
- Single Family Homes: 179 (+8.3%)
- Condominiums: 44 (+22.2%)
NEW LISTINGS (12-month rolling total)
The number of new construction property listings in Naples over $2M the last 12 months (compared to the same 12 month period a year ago):
- Single Family Homes: 239 (+20.7%)
- Condominiums: 54 (+8.0%)
PENDING SALES (12-month rolling total)
The number of pending sales in Naples over $2M over the last 12 months (compared to the same 12 month period a year ago):
- Single Family Homes: 79 (+46.3%)
- Condominiums: 12 (-7.7%)
TOTAL SALES (12-month rolling total)
The number of sales in Naples over $2M over the last 12 months (compared to the same 12 month period a year ago):
- Single Family Homes: 73 (+21.7%)
- Condominiums: 34 (-33.3%)
DOLLAR VOLUME OF CLOSED SALES (12-month rolling total)
The total dollar volume of property sales in Naples over $2M over the last 12 months (compared to the same 12 month period a year ago):
- Single Family Homes: $474,251,440 (+36%)
- Condominiums: $127,367,980 (-19.4%)
AVERAGE DAYS ON MARKET (12-month rolling average)
The average days on the market for a property that closed over the last 12 months (compared to the same 12 month period a year ago):
- Single Family Homes: 169 (+62.5%)
- Condominiums: 158 (+20.6%)
AVERAGE PERCENT OF LAST SALES PRICE (12-month rolling average)
The average discount below the last asking price for a property in Naples that sold above $2M over the last 12 months (compared to the same 12 month period a year ago):
- Single Family Homes: 3.8% discount from last asking
- Condominiums: 0.8% discount from last asking
Southwest Florida & Naples Real Estate Market Reports
Each month our real estate newsletter includes previous months published market reports for the Naples Florida area, which includes the William Raveis luxury real estate market report and the Naples Board of Realtors (NABOR) market report.
To check out previous months market reports head to my website > RESOURCES > Market Reports.
Area Real Estate News Summary
If you would like to look back at all our monthly news posts, check out our Facebook feed or our LinkedIn feed.
Park Shore Beach Renourishment Project to Begin in Early 2025
The $5.5 million Park Shore Beach Renourishment Project, set to begin in January 2025, aims to restore the beach’s width for storm protection and recreation. The project will finish by February 2025, using sand from Immokalee and specific truck routes for hauling.
Naples Approves Housing for Gulfshore Playhouse Artists
Naples City Council approved a 17-unit corporate housing project for Gulfshore Playhouse staff near the theater. The mixed-use development will include studio apartments, offices, and a restaurant. Construction begins in late 2025 after the completion of a nearby parking garage, with completion expected in early 2026
Tim Aten Knows: Immokalee Road land cleared for senior housing
The Karlyn, a 159-unit senior housing community, will begin construction in 2025 near Logan Landings, with completion by 2026. Tide Cleaners is opening a new 5,000-square-foot location at Strand Boulevard in 2025 and plans further expansions in Collier County.
Collier County visitor spending up 10% through October
Collier County’s visitor spending rose 10.5% to $2.38 billion, with a $3.3 billion economic impact. Room nights grew by 9.9%, and occupancy dropped 3.2%. The Convention & Visitors Bureau won two Adrian Awards and will target luxury car enthusiasts.
Search Current Inventory
Below are Naples newest waterfront properties on the market priced above $2,000,000. See any which are interesting, lets connect! If you would like to search all Southwest Florida properties, visit our website > SEARCH > Search Properties page.
