There’s a lot happening in this market! Here’s your Naples Florida August 2021 Real Estate Update with all the news and statistics that you need to know when you’re thinking of buying or selling in this market. Is it time to buy Naples Real Estate? It depends.
The infographic above is the quick visual way to get a general sense of the market.
Demand for homes in Collier County remained strong 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), REALTORS® 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).
Is it a good time to buy in Naples?
As we mentioned above, it depends. If you’re moving here and are prepared to move quickly for the home you see that you like, it might be a good time. Just know going in that prices are higher than they’ve ever been and that your negotiation power is limited, even for cash. This is a trend we are seeing across the country, not just in Naples. If you’re moving from a more expensive area or state, Naples is going to seem like a discounted bargain to you to be so close to the beaches, shopping, fine dining and great golf. Naples is still a great buy even at the new higher prices.
Is it a good time to sell in Naples Florida?
Heck yeah! It’s an amazing time to sell your home and maximize your returns in this market. We’ve been setting new records for our Naples Florida home sellers and they’re happy about the returns they’ve received on their homes.
If you’re in the market to buy a home in Naples, when you see something you like, you’ll have to move quickly. We’ve automated our searches to accommodate our buyers and get them into the homes they want to see quickly. With our negotiation skills we can still work to get you the best price and with our experience of selling over 450 homes we can make sure that this process is seamless, quick and easy.
When you’re looking to buy or sell real estate in Naples Florida, call Mike & Anna Bryant at 239.293.0246.
Thanks for your time.
