REAL ESTATE MARKET NAPLES FLORIDA
Naples Board of Realtors Market Report March 2023 | NABOR
The Naples Area Board of Realtors (NABOR) released its March 2023 Housing Market Report, which indicates that the Naples real estate market continued to experience a strong seller’s market in March 2023. Demand for homes in the area remains high, and the supply of available homes for sale is low, leading to rising property values.
The median closed sales price for homes in Naples, Florida, increased by 15.9% in March 2023 compared to March 2022, reaching $720,000. Additionally, the inventory of available homes for sale in the area decreased by 57.1% compared to March 2022, indicating a continuing trend of low inventory.
The Naples Real Estate Market Report indicates that the market is expected to remain strong throughout 2023, with high demand and low inventory leading to rising property values.
Naples Area Board of Realtors
The Naples Board of Realtors Market Report (NABOR) is a wealth of information for those looking to buy or sell real estate in Naples. The Naples Real Estate Market Report is produced monthly and has more information than you probably seek, but it is worth scanning once published. High points include the market summary, quick facts, and overall Naples market graphs on pages 1 and 2. This overview will set the tone for the rest of the breakout reports.
Whether you are interested in single-family homes or condos, pages 3-4 give the best overview, with tons of data to sort through. Then comes the detail, which I dig into each month. Many year-over-year stats help tell the whole market story quickly. Once you get to page 15, the Naples Real Estate Market Report provides a report for each Collier County zip codes, which helps dial in further.
- Naples Beach includes zip codes 34102 (Moorings, Coquina Sands, Old Naples, Aqualane Shores & Port Royal), 34103 (Park Shore), and 34108 (Pelican Bay, Bay Colony, Vanderbilt Beach, Pine Ridge Estates, Pelican Marsh).
- North Naples includes 34109 (Pelican Marsh, Tiburón), 34110 (Mediterra, Talis Park, Audubon, Kalea Bay, Aqua, Dunes), and 34119 (Quail West, Vineyards, Oaks Estates, Esplanade, Old Cypress).
- Central Naples includes 34104 (Brookside), 34105 (Grey Oaks, Bears Paw, Wyndemere, Kensington Park), and 34116.
- South Naples includes 34112 (Royal Harbor) and 34113 (Lely, Isles of Capri).
- East Naples includes 34114 (Fiddlers Creek, Treviso Bay), 34117, 34120, and 34137.
If the Naples real estate interests you, check out the additional content we highlight on our Naples Communities page, where we dive deep into the top Naples luxury real estate communities and showcase the Naples properties for sale. Are you interested in a Naples waterfront community, gated community, Naples golf community, or something in between? Search Naples and Bonita Springs properties to start the process, and reach out when you are ready to discuss the next steps.
If you would like to discuss this market report more in detail or have questions about the Naples Luxury Real Estate Market, contact Matt Brown at (239) 201-4788 or fill out the Let’s Connect form.
Realtor Naples Florida | Matt Brown
Matt Brown is a top Naples realtor focusing heavily on market data and analysis. His client testimonies speak volumes of his character, analytical nature, and approach to sound investment purchases. He is two steps ahead of market shifts because of his knowledge base, client transaction history, community connections, and deep understanding of the data.
Matt presents his vast local real estate knowledge, comprehensive research, and thorough market analysis in every client interaction. If you are looking for a local advisor to partner with to grow your real estate portfolio, contact Matt Brown at (239) 201-4788 or fill out the Let’s Connect form.
