Naples & SWFL Real Estate

March 2023 Newsletter

Season is in full swing and the Naples market has been active, although tempered, compared to the buying frenzy of the last two winter seasons.  Naples real estate continues to remain a sought-after asset for those looking to enjoy all the unique amenities the area has to offer which have helped rank Naples #1 in so many categories over the years such as well-being/happiest/healthiest and the #1 best place to live in the US 2023.

If you live within the City of Naples city limits or are considering building there, the City Council has been considering revising the zoning and setback standards which would decrease the size of homes that are allowed to be built.  There were several community “listening sessions” last week regarding the potential changes and the attendees overwhelmingly opposed changing the existing standards that have been in place as Naples has become the #1 place to live in the US.  I am staying up to date on the details as the discussions progress, please reach out if you’d like more information or if you are looking to get involved.

Enjoy this month’s newsletter!

Market Update

Naples property pricing has stabilized over the last 10 months with a dip over the summer and then a rebound later in the year as values are supported by continued, but lower, demand and relatively low supply. It feels like a return towards a more normal market as we ease out of the pandemic-sparked surge in sales and I think that’s evident in the market trend charts below. Please reach out if you have additional questions.

– Average sales prices were up 14.7% compared to last February and up 76% from February 2020. The average sales price per square foot was up 12.4% from last year and 122% from February 2020.
– Inventory of properties on the market has been relatively stable since last May but is slightly increasing with 2835 properties on the market, still significantly less than the 6000+ properties for sale before the pandemic.
– There is currently 3.5 months of inventory on the market in Naples, less than 5 months is considered a seller’s market.
– 1303 new listings hit the market in Naples in February, just about the same as last February, and 1030 properties went pending, 12.2% less than in February 2022.
– 683 properties closed in February, down 17% from a year ago and about half of the closings in February 2021.
– Properties that sold stayed on the market for an average of 55 days, an indicator that is still half of what it was pre-pandemic but has been gradually increasing since the low point of 16 days on the market in April and March 2022.
– The average amount of negotiation from the last list price has settled back close to where it was pre-pandemic at an approximately 4%. During the height of the market, sales prices averaged 1% over asking for a couple of months March & April 2021.

March Average Sales Price
March Average Price Per Square
March Homes For Sale
March Months Supply Of Homes
March New Listings
March Pending Sales
March Total Sales
March Average Days Market
March Average Percent Last List
Tiktok Thumbnail

Did You Catch Matt’s Viral Video?

This month we listed two spectacular properties, which have gained traction online.  Our 7000 SF Tiburon listing has over 160,000 views on social media, check it out (Our videographer’s TikTok + our channels)!

4823 West Blvd, Park Shore, Naples
3 Bedroom, 3 Bathroom Villa
$2,895,000  |  2207 SF

2581 Escada Dr, Escada Estates/Tiburón, Ritz Carlton Golf Resort, Naples
4 Bedroom, 4.5 Bathroom Home
$7,900,000  | 6988 SF

William Raveis Portfolio of Homes

Raveis Showcase

Area Real Estate News Summary

Collier County Hotels Are Recovering

Collier County Hotels Are Recovering

It’s been four months since Hurricane Ian struck Southwest Florida. Most Collier County hotels are back to full operation, although…

Legislature Passes Reforms

Legislature Passes Reforms To Secure SWFL’s Property

The Florida Legislature used a special session in mid-December to pass what analysts say is the largest property insurance reform package in Florida history…

New Marina Project

New Marina Project Planned in Old Naples

A marina project will replace some longtime businesses near the Naples City Dock in Crayton Cove. Napoli on the Bay pizzeria and the Phil Fisher Gallery…

Top Us Airports

Two Of The Top 10 U.S. Airports Are In Florida

SWFL Int’l takes the top spot! According to Travel Lens, the airport isn’t the biggest in the state, but it is currently the second-busiest single-runway airport in America.

Naples Area Ranked Third

Naples Area Ranked Third In Top 10 Metro Areas

The Naples metro area ranked 3rd among the top 10 metro areas in the U.S. w/ the largest year-over-year home price increases in the 4th quarter of 2022…

Stocks Plans Community

Stock Plans 443-Home Community In Collier

Stock Development is planning a 443-home community east of Collier Boulevard, across from Naples National Golf Club, less than two miles south…

First Solar State

Naples First-Ever Tesla & Solar-Powered Estate

London Bay Homes in Naples recently completed its first ever solar-powered home. The 6,000-square-foot estate, in the…

Florida Top Estate

Florida Was The Top State For Move-Ins Last Year

Florida was the top state in the U.S. for move-ins and third for move-outs by volume in Hire a Helper’s fifth annual migration study.

Plute Home Community

Pulte Homes – 87 Lots In Naples Community

Pulte Homes has acquired 87 estate homesites in a luxury lakeside community in Naples. The national homebuilder purchased…

Market Reports

Search Current Inventory

Filter, view and discover Southwest Florida’s current market inventory (includes Marco Island, Bonita Springs, Estero and Naples properties).  Below I have focused on Golf Communities.

Home Search Golf Scaled

Follow Matt on Instagram

Join our Southwest Florida Lifestyle feed at @mattbrownrealestate.  Our other social media links are below.  We are active on LinkedIn, Facebook and Twitter.

Exciting News - Naples has been named the #1 Best Place to Live in the U.S. for 2024-2025 by U.S. News & World Report! 🙌🏻

When compared with 150 major cities, Naples stands out with its incredible value, desirable living environment, strong job market, and exceptional quality of life. 🏖️😍

Contact me to discover why Naples is the perfect place to call home. 🏡📞

#bestplacetolive #naplesfl #Florida #NaplesFlorida #SWFL #SWFLLiving #RealEstate #WilliamRaveis #WilliamRaveisFlorida #NaplesRealEstate #LuxuryHomes #floridarealestate
“Why Naples?” 🌴

Naples is best known for its high-end shopping, an abundance of golf courses, and pristine beaches with beautiful sunsets. Between the low crime rates, booming job market, and stunning beaches, my answer to this question is, “Why not?” 🙌 

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In case you didn't hear...Naples has the most expensive house in America! 🏡💰

Nestled on Gordon Pointe in Naples Port Royal Neighborhood, this $295 million compound is a rare diamond. With 9 acres of beachfront property, this property boasts three residences, including a main house, guest house, and Bay House (and has the capacity to build additional homes!). 🏝️

Want to learn more about this record-breaking listing or the Port Royal neighborhood? Visit our blog post or call Matt Brown to get all the details at (239) 580-8864. 

Head to the link in the bio. 

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If there's one thing that Naples is synonymous with, it's spending lots of time relaxing outdoors. ☀️

How would you rate this outdoor porch experience? 

🌴Drop a comment.

Photo via: @hw.interiors 

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🏡 Explore Naples' April 2024 Real Estate Report! 

Discover luxurious homes and condos over $1 million from Port Royal to Bonita Beach Road. Find your dream place - waterfront homes, stylish condos, gated communities, and more! 🌴 

To check out the full market report head to the link in bio. 

#naplesfl #naplesflorida #naples #swfl #marcoisland #bonitasprings #florida #naplesrealestate #naplesbeach #swflorida #naplesrealtor #colliercounty #paradisecoast #capecoral #napleshomes #napleslife #fortmyersbeach #southwestflorida #naplesrealtor #floridalife #naplesfloridarealestate #visitflorida #soflo #movetoflorida #leavingcalifornia #flogrown
Every sunset is snapshot worthy when you live in Naples, Florida. 📸 ☀️ 

Ready to make the move? Look no further for a real estate agent ready to make your move seamless. 

Image via - @napleslifestylemag 
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