Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for November 2020

Beautiful home
Status: Active

4446 Lakewood Blvd, Naples, FL

Price: $425000

3 Bedrooms

2 Bathrooms [ 2 Full ]

220068692

Beautiful home
Status: Just Listed

12606 Blue Banyon Ct, North Fort Myers, FL

Price: $469900

3 Bedrooms

5 Bathrooms [ 4 Full, 1 Half ]

220062217

Beautiful home
Status: Active

3817 Marvaez Street, Fort Myers, FL

Price: $299905

3 Bedrooms

2 Bathrooms [ 2 Full ]

220068670

Beautiful home
Status: Active

3015 Tamiami TRL E, NAPLES, FL

Price: $1650000

0 Bedrooms

220022734

Beautiful home
Status: Active

11880 Adoncia Way #2112 ,Fort Myers ,FL

Price: $314900

3 Bedrooms

3 Bathrooms [ 3 Full ]

220053142

Beautiful home
Status: Active

12742 Dennis Dr ,Fort Myers ,FL

Price: $2795000

4 Bedrooms

5 Bathrooms [ 5 Full ]

220032175

Beautiful home
Status: Active

653 Squire Cir #103 ,Naples ,FL

Price: $194900

2 Bedrooms

2 Bathrooms [ 2 Full ]

220052434

Naples Real Estate Market Sees Another Record Month in Closings

Naples, Fla. (November 20, 2020) – According to the October 2020 Market Report, released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), the Naples real estate market continues to see strong demand in both the single family and condominium markets. Buyers are getting a jump on the winter seasonal market as shown by the reduced inventory, increase in multiple bids and the jump in closed sales. Closed sales activity for the overall market increased 65.2 percent to 1,249 closed sales in October 2020 from 756 closed sales in October 2019.

Inventory continues to be a challenge for buyers seeking to purchase a home in Naples. While the overall market inventory in October 2020 decreased 33.8 percent to 3,543 from 5,351 in October 2019, overall pending sales for the same time period increased 73.0 percent to 1,708 from 987 in October 2019. With strong demand, sellers are receiving multiple competitive offers on their listings during what is a traditionally slower time of year. Offers are coming in more quickly as well, with homes sold during October 2020 staying on the market 11.5 percent fewer days than October 2019. The average number of days on the market until sale was 92 in October 2020 compared to 104 days in October 2020.

“In a typical year, October would be a time when inventory numbers rise as sellers prepare for increased demand during season,” said Mike Hughes, Vice President of Downing-Frye, Realty, Inc. “However, the pandemic disrupted traditional seasonal patterns. Buyers are motivated to seek larger, more comfortable homes that accommodate their work-from-home lifestyles.”

In a recent interview in Inc. magazine, Bill Gates acknowledged the nationwide, post-pandemic migration of families to bigger houses in smaller communities with less traffic. Annual market statistics support that trend is happening locally. During the period of January through October 2020, there were 9,785 closed sales in Naples, which represents a 13.8 percent increase over the same period in 2019. With more active buyers on the market, housing prices are seeing moderate but sustainable growth.

“Home pricing will likely continue to rise”, said Dominic Pallini, Broker at Vanderbilt Realty of Naples. “Today’s buyer is willing to pay more for the comfort and quality of life that Naples offers. “Additionally, we are seeing new construction come online in the local market, which is supporting the increased demand.”

The October Market Report showed that single-family homes saw an increase in the median closed sales price of 12.1 percent to $458,000 during January to October 2020, up from $408,500 during the same period in 2019. Condominium median closed sales prices also saw an uptick of 5.8 percent to $275,000 during January to October 2020, over $260,000 during the same period in 2019.

Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty, notes that 30.6 percent of homes on the market experienced a price increase during October. “Sellers are receiving multiple, competitive bids on their listings. So, it is important for buyers to make a serious offer when they find the right home.”

“Despite the uncertainty that the coronavirus pandemic has brought to the country, there are many positive trends such as low-interest rates that have continued to support the Naples real estate market and the overall economy,” said Bill Coffey, Broker with Amerivest Realty. “With buyers becoming less seasonal, the market has remained stable.”

SOURCE: NABOR

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I was not very trusting or sure of the process having had a couple of previous bad experiences, but Brad made a believer of me. We had an offer the first day and Brad locked it down. Thank you very much ...

Read more 01/28/2021 - tkennedy7756
Sold ahome in 2020 singleFamily in Lochmoor Waterway Estates, North Fort Myers, FL 33903.

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My husband and I thoroughly enjoyed working with Robert! He's very knowledgeable, a go getter, and gets to know his clients and what they're looking for! Robert Burdan is truly a one of a kind, and we ...

Read more 11/16/2020 - niki gourley75
Bought a for approximately $200Khome in 2020 singleFamily in Buckingham Park, Lehigh Acres, FL 33971.

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Brad and his team are knowledgeable of the area, great at negotiating for our best interest regarding purchase price of home and just a pleasure to work with. Brad responds to texts and emails immediately ...

Read more 10/15/2020 - joanne sinnery
Bought a for approximately $350Khome in 2020 singleFamily in Gateway, Fort Myers, FL 33913.

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Brad Dohack and his entire team are absolutely wonderful. He is incredibly communicative, prompt, and his expertise is unmatched. In addition to being top notch at what he does, he's simply a great person ...

Read more 09/28/2020 - KelseyHuntoon
Sold a for approximately $125Khome in 2020 condo in Gateway, Fort Myers, FL 33913.

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Samantha Bagdasarian is a very professional, responsive real estate agent. Absolutely EVERYTHING I asked her for was completed with amazing timeliness. She never seemed to tire of repetitive showings ...

Read more 09/17/2020 - user9605122
Bought ahome in 2020 condo in Villas, Fort Myers, FL 33907.

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