🚨 November 2021 📢 Just Released Market Report for Naples Area with information for all of Southwest Florida ☘ Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ SW FL 🌴

Dated: November 24 2021

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Hello,

Barry & Kim with the Hoey Team ðŸ€ 239RealEstateDeals.Com LLC â˜˜ hope that you and yours are doing good; wherever you are.

11-24-2021 - Hot off the press please find info from the just released October 2021 Market Report combined with data from our Collier County based; Southwest Florida Board of Realtors; NABOR with this as part of the report: “Closed sales are down for one reason: we just don’t have the inventory,” the Hoey Team â˜˜ are seeing this too; not just in Naples, but in all of our Southwest Florida marketplace’s.

In addition, please also check out the stats in the different Naples / Collier County Property Types & Price Ranges.

(Let us know if you want more information on any aspect of the Real Estate market; we can provide Detailed Reports & Data for any part; Locally and Nationally in conjunction with our extended team; just let us know.)

Utilizing our Hoey Team ðŸ€ 239RealEstateDeals.Com LLC â˜˜ Cutting Edge Technologies; including the best available Virtual Tools, etc. we are continuing to Efficiently Help Sellers & Buyers; previewing, showing, negotiate deals & Selling Homes; helping people to move / relocate across the US on a daily basis; even with low inventory.  Southwest Florida seems to keep increasing in desirability for buyers from all across the United States, both end users & investors.

Click Here and Below for a Link to Live Market Statistics for all of Southwest Florida.

 

Interesting Statistics for October 2021 versus October 2020:

·        Overall inventory down 76%. 

·        Overall Pending Sales down 31%

·        Median closed sale price up 17%.

·        New Listings down 32%

·        Overall Closed Sales down 32%

·        Single family home sales down 31%

·        Condo home sales down 33%

·        Days on market down 75%

Sellers, Buyers and REALTORS need be fully informed to help you make the best possible Real Estate decisions.

 

Tight Inventory and High Demand Continues

 

Naples, FL (November 23, 2021) – Home sales were bridled by low inventory during October, but new listings are on the rise according to the October 2021 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island).  Overall closed sales for October decreased 32.1 percent to 858 closed sales from 1,263 closed sales in October 2020.  But irrespective of the home buying frenzy that took place during the second half of 2020 (including October 2020), closed sales in October were historically higher than average for a typical October in Naples, even with the lowest inventory level on record by NABOR®.

Naples Area Market Report - November 2021 infographic October 2021 versus October 2020 Barry Hoey - Hoey Team 239RealEstateDeals.Com LLC

Broker analysts who reviewed the October Market Report anticipate more sellers will enter the market over the next few months as the lure of paradise is already beckoning seasonal and foreign visitors back to our shores now that many international travel restrictions have been lifted and the threat of COVID-19 has been reduced.  The report shows pre-season interest already in play as October’s pending sales (1,186 pending sales) and showings (33,578) were above summer month levels.

 

The overall median closed price in October increased 16.9 percent to $450,000 from $385,000 in October 2020.  The COVID-19 pandemic affected buying behaviors and sales of single-family homes outpaced condominiums as people sought more open space in 2020; but those buying behaviors have now shifted.  While overall inventory decreased 76.1 percent in October to 1,240 properties from 5,181 properties in October 2020, condominium inventory decreased 84.4 percent in October.  As such, there were nearly half as many condominiums (435) available compared to single-family homes (805) at the end of October.  Not surprising, the median closed price for condominiums increased 31 percent to $370,000 from $282,500 in October 2020, while the median closed prices for single-family homes increased 18.8 percent to $615,000 from $517,750 in October 2020

 

“Closed sales are down for one reason: we just don’t have the inventory,” said Molly Lane. “But that doesn’t necessarily mean prices will keep rising at the rate we saw this past year.  With inflation surging, now is the time to sell your home in Naples because interest rates will eventually rise so the number of potential buyers will thin, and this will likely also level out list prices.”

 

Mike Hughes commented, “In the past, if you couldn’t find a home to buy, you’d just rent for a while until something came along.  But there are few rentals today and this is exacerbating the low inventory issue because sellers can’t just pick up and move when their home sells.”  The Hoey Team, 239RealEstateDeals.Com LLC can help them develop a plan that includes finding a place to live once their home sells.

 

Hughes also pointed out that these kind of “hot markets” don’t last forever.  “It’s impossible to predict the future but we know from history that things happen—like pandemics, inflation, or hurricanes—that have impacted the housing market in Naples.”

 

The NABOR® October 2021 Market Report provide comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary.  NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings:

Naples Area Market Report - November 2021 infographic Breakdown October 2021 versus October 2020 Barry Hoey - Hoey Team 239RealEstateDeals.Com LLC

According to Spencer Haynes, “There were fewer homes over $1 million coming onto the market in October than in previous months.  In fact, we saw more new listings of homes on the lower end and further east become available.  Hopefully, the rush of seasonal visitors will bring more sellers with high-end properties to the table.”

 

“It’s impossible for a home buyer or seller to keep their pulse on the market without a REALTOR®,” said Adam Vellano. “For sellers, a REALTOR® (such as Barry Hoey or Kimberly Zuponcic PA) can often negotiate a higher closed price than what they could have received on their own because a REALTOR® can interpret the MLS, evaluate purchase offers, and take steps to maximize their return.  For buyers, a REALTOR® can help them find the right home, carefully craft an offer, and quickly maneuver through negotiations, escalation clauses, and closings.”

 

Having an experienced REALTOR® (Such as Kimberly Zuponcic PA or Barry Hoey, Broker owner of 239RealEstateDeals.Com LLC) during today’s low inventory environment is an essential partnership for buyers because experienced REALTORS® are poised to hear about a home before it goes up for sale, they know exactly when new homes hit the MLS in real time, and they can share this valuable information to home buyers. Further, REALTORS® work closely with many other agents, have alerts set up when new homes are listed, and know how to maneuver the process so a buyer can act fast when a new listing meets a client’s purchasing criteria.

 

The September Market Report continues to show that sellers remain to have a strong advantage with lower but constant inventory, increased prices and continued multiple offer situations; especially where they have the best possible marketing in place; as the Hoey Team â˜˜ continually experience; but; deals are available, and the Hoey Team â˜˜ have secured a number of deals recently in both Lee County and in Collier County for Buyers; we help & serve both Sellers and Buyers in all of Southwest Florida; including the Islands. Reach out today, call 239-360-5527 for information.

If you are looking to buy or sell a home in Southwest Florida, contact Barry & Kim with the Hoey Team ðŸ€ 239RealEstateDeals.Com LLC â˜˜ who serve all of Southwest Florida including Fort Myers, North Fort Myers, Cape Coral, Matlacha; Sanibel, Captiva and all the Islands; Miromar Lakes; Estero; Bonita Springs; Marco Island; Goodland; Everglades City; Ave Maria; basically all of Collier and Lee Counties; based in Naples who have respected qualifications, track record, experience; skills; additional education; best available technology; knowledge and the most desirable credentials to help you including to correctly provide an accurate market comparison and efficiently negotiate a sale with impressive results.  Please ask for or click here to check out our sales stats and testimonials to help verify this.  

 

For homeowners / sellers considering to sell a home in Naples or any part of Southwest Florida; should you want to upsize, or downsize, contact Barry and Kimberly with the Hoey Team ðŸ€ 239RealEstateDeals.Com LLC â˜˜ who have the reputation, experience; work ethic, local market knowledge; and the best possible tools & systems to provide an accurate market comparison in todays market so you can determine the right asking price to achieve the best possible bottom line.  Our vast array of marketing methods / tools and negotiation skills are second to none.   

 

REALTORS Barry & Kim can also ensure your next purchase in the Naples / Southwest Florida market area is a success in an efficient, stress-free way.  We facilitate deals for Sellers and Buyers; guiding the transaction all the way through close.

 

P.S. ~ If You'd like for us to create a regular Video Tour for ANY of the Properties on our website, just CLICK "Video Request Button"; from property details.  We will get a custom video tour to you.

 

For all of Collier County; Lee County; Covering all of Southwest Florida and beyond with our Team; find out more at: www.239RealEstateDeals.Com  or contact Barry or Kim via email at Barry@SWFLLuxury.Com  or KimZuponcic@Gmail.com  or, Call/Text the Hoey Team ðŸ€ 239RealEstateDeals.Com LLC â˜˜   (239)-360-5527

Click Here to View Live Stats for the Overall Naples Market Area

Click Here to View Live Stats for All of the Southwest Florida Market Areas

Click Here to Instantly Find Your Estimated Home Value

Barry & Kim with the Hoey Team  â˜˜ exp Realty

 

Barry Hoey, REALTOR®, CIPS, CLHMS, CRS, GRI, SRES

Full time Real Estate Broker Owner

 

Kimberly Zuponcic PA, REALTOR®, CRS

Full time Real Estate Sales Associate

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Barry@SWFLLuxury.Com

Call/Text Hoey Team:  (239)-360-5527

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Barry & Kim, Hoey Team 🍀 239RealEstateDeals.Com LLC ☘

"Your Real Estate Concierge" If you are looking for a REALTOR® or one-stop Real Estate Team who will fully communicate; promptly, professionally, and in detail with you, to efficiently help you wit....

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