| Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for November 2020 | ||||||||||||||||
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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 … |
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| Below are highlight properties for Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for November 2020. See more at the full report: | ||||||||||||||||
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| See the Full Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for November 2020 | ||||||||||||||||
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| Information valid as of November 19, 2020. Please contact us for the most current information and status of these properties. |
