MOORINGS SPOTLIGHT
February 2022 Newsletter
Season is in full swing with snowbirds, residents and vacationers in town enjoying all that Southwest Florida has to offer. The market continues to move briskly with low inventory combined with significant demand as so many buyers try to secure their slice of paradise. In February 2022, Naples closings in were down 48% compared to last year (707 vs 1359) but average sales prices were up 24% from $834k to $1.033M. Get in touch early if you plan to visit and scope out real estate. Check out this month’s real estate news below as well as this month’s neighborhood spotlight: Moorings (located between Park Shore and Coquina Sands). Enjoy!
~Matt
Market Update & More
Moorings offers single family homes and beachfront condominiums along Gulf Shore Blvd N overlooking the Gulf of Mexico and bayfront residences with access to the Gulf via Doctor’s Pass. Residents of the Moorings enjoy exclusive access to a private beachfront park and close proximity to all the fabulous restaurants and shopping of Fifth Avenue South and The Village Shops on Venetian Bay. The Moorings has a total of 3841 residences; 847 single-family homes and 2994 condos.
Sold (last 12 months): 238 sales; 167 condos at an average of $895k ($584/SF), 32 co-ops at an average of $1.11M ($758/SF) & 69 homes at an average of $3.39M ($997/SF)
- The most expensive home sold was $11,950,000 ($2495/SF), a 5790 SF waterfront home built in 2013 on 0.42 acres with a private boat dock and 4 bedrooms+den.
- The most expensive condo sold was $5,500,000 ($1293/SF), a 4253 SF 7th floor unit at Sancerre located on the beach with 4 bedrooms and 4.5 bathrooms.
Pending Sales: There are currently 33 condo sales pending and 17 home sales pending.
Active Inventory: There are 13 homes on the market, starting at $3.15M up to $13.75M and 10 condos on the market ranging from $139k to $9.7M
New Builds: There were 8 new homes sold in the last 12 months, 7 currently pending and 8 on the market with prices ranging from $3.6M to $13.75M
Land Sales: There were 0 lots sold in the last 12 months and there is 1 currently on the market for $3.5M for 0.38ac and one pending for $3.5M with 0.40ac
For more information – check out my Moorings neighborhood page
Recent Market Report’s
NABOR January 2022
A 34.5 percent increase in new listings sparked 19,277 more showings during January compared to listings and showings in December 2021. While an increase in new listings demonstrates a solid start for the real estate market this year, low inventory continues to harness the market’s potential.
William Raveis January 2022
Monthly William Raveis details the Naples and Bonita Springs market in comparison to the luxury Naples and Bonita Springs $1M+ (West of 41) market. Also included, a Community Snapshot Report and a Southwest Florida Community Guide. Take a look months detailed report for updated figures.
