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Naples Real Estate Market Update: Record Prices & SO Much Inventory!
Thinking of buying or selling in Southwest Florida? This video breaks down the latest market data for Naples (Collier County) and Lee County (Fort Myers, Cape Coral) - and it's full of surprises!
Naples Market BOOM! We're seeing record-breaking median sales prices hitting a staggering $950,000 - a 17% increase year-over-year. But here's the twist: inventory is also way up (11.1 months' supply!). Does this create a buyer's market in Naples?
Lee County Update: Prices are down slightly (-7%) in Lee County, with a median sales price of $415,000. However, inventory is also on the rise here (7.1 months' supply).
We dig deeper into:
- Days on market trends in both counties.
- The impact of increased pending inventory (especially in Collier County).
- How the recent ranking of Naples as the #1 Place to Live in the US might be affecting the market.
- Potential market shifts due to the upcoming elections.
Bonus! We also cover the $100 million Hometown Heroes program for first-time homebuyers in Florida - free money to help with your down payment!
Leave a comment below! Are you surprised by this data? What are your thoughts on the current market conditions?
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#naplesrealestate #SWFLRealEstate #MarketUpdate #RecordPrices #InventorySurge #FirstTimeHomebuyer
If you are considering selling and want to get an idea of what your Florida home is worth, send an email to info@gulfpointeproperties.com. If you're looking to purchase in the area, you can get a jumpstart by filling out your home wish list here: forms.gle/B91pjBStQbEnUCBPA
📲 Thank you for your support! We have so many people contacting us who are moving here to Naples & Fort Myers, and we ABSOLUTELY love it! If you are moving or relocating here to Southwest Florida, my team and I can make that transition so much easier on you.
Reach out...we're here for you!
Brad Dohack, Broker/Owner at Gulf Pointe Properties, Team Lead
📲 Call/Text Direct at (239) 734-7723
📲 Email: info@gulfpointeproperties.com
👨💻 Website: www.homesearchinswflorida.com/