Naples FL market report is showing signs of growth in the housing market. The median home price in the area rose 14.5 percent in 2023, reaching a record-high of $450,000.
The average sale price was up 10.5 percent, reaching $621,467. The number of closed sales increased slightly, up 2.6 percent, while the number of pending sales increased 13.7 percent. The inventory of homes for sale dropped 10.3 percent, to 4,066 listings.
The Southwest Florida area housing market is expected to remain strong in 2023. The area’s desirable location and attractive climate will continue to draw buyers. Demand is expected to remain strong, with fewer available properties and rising prices.
The Southwest Florida area housing market is one of the strongest in the country. The area has seen significant growth over the past few years, with prices and demand rising steadily. With continued population growth, job creation, and strong economic fundamentals, the Naples housing market looks to remain strong into 2024. The median home price in Naples is $325,000, which is higher than the national average of approximately $200,000. Additionally, Naples has a strong rental market, with a median rental rate of $1,600 per month. The area also boasts a low unemployment rate and a low crime rate, making it an attractive option for home buyers and renters alike.
Bonita Springs, FL Real Estate Market FAQs
1. What is the current median list price in Bonita Springs?
- The median list price in Bonita Springs is currently $875,000.
2. How has the Market Action Index (MAI) changed recently?
- The Market Action Index is at 31, which indicates a slight seller’s advantage. This is an increase from last month’s MAI of 30.
3. What does the Market Action Index (MAI) indicate?
- The MAI measures the rate of sales versus inventory. A higher MAI indicates a stronger market with more buyer demand relative to available inventory.
4. How many homes are currently available in Bonita Springs?
- There are currently 345 homes on the market in Bonita Springs.
5. What is the average and median number of days on the market for homes?
- The average days on market is 133, while the median days on market is 105.
6. What percentage of homes have seen a price decrease recently?
- About 42% of homes have experienced a price decrease.
7. What is the median rent for properties in Bonita Springs?
- The median rent in Bonita Springs is $6,200.
8. How does the market compare to the past few years?
- The Bonita Springs real estate market has seen a significant upswing over the past few years. In 2021, the median sales price for single-family homes increased by 15.8% from the previous year, while condo prices rose by 16.2%. Inventory remains low, which has contributed to rising prices.
9. What is the average price per square foot in Bonita Springs?
- The average price per square foot is $425.
10. How do different market segments compare in terms of median prices?
- Market segments are priced as follows:
- $2,938,500 for 3,534 sq. ft. (4 beds, 3.5 baths)
- $1,020,000 for 2,247 sq. ft. (3 beds, 2.5 baths)
- $779,999 for 2,052 sq. ft. (3 beds, 2 baths)
- $549,900 for 1,587 sq. ft. (3 beds, 2 baths)
11. How competitive is the Bonita Springs real estate market?
- The market is quite competitive due to low inventory levels and rising prices. This trend is expected to continue, with prices potentially increasing further if demand remains strong.
12. What should I watch for if I’m looking to buy or sell in this market?
- Keep an eye on changes in the Market Action Index (MAI) and inventory levels. If the market heats up further, you might see an increase in prices. For sellers, low inventory and a slight seller’s advantage could be beneficial.
13. How can I stay informed about the Bonita Springs real estate market?
- Click here to stay informed with the latest updates and market trends in Bonita Springs.
14. Who can I contact for more information or assistance with buying or selling a property?
- For more information or to get assistance with buying or selling a property, contact 239-370-1513.
