January 2022 Real Estate Newsletter

If you didn’t catch the Mansion Global article when I circulated it via social media, Naples and Southwest Florida continue to receive positive press…recently named the No. 1 luxury locale on The Wall Street Journal/Realtor.com Emerging Housing Markets Index for 4th quarter 2021. 👏 Love the sub-heading For many smaller cities in the Sunshine State meeting demand has been like “drinking out of a fire hose”. As demand for real estate in SWFL continues to surge, buyers were hoping for a significant increase in homes for sale as January is typically the peak month for new listings. We did get some new supply but not nearly enough with 1,541 new listings in Naples/Bonita Springs/Estero, 27% less than in Jan 2021. Hopefully February and March will bring more properties to market! Enjoy January 2022 Newsletter which focuses on the Coquina Sands neighborhood, a hot locale for those looking to be close to the beach and Old Naples.

Please get in touch if you have any plans of coming down for a visit or to scope out properties, February is looking like it will be busy with a lot of folks headed this way!

~Matt

Located just north of Old Naples, the Coquina (pronounced kuh·kee·nuh) Sands neighborhood offers single family homes and beachfront condominiums along Gulf Shore Blvd N overlooking the Gulf of Mexico and several bayfront residences with access to the Gulf via Doctor’s Pass. Neighborhood highlights are the gorgeous Lowdermilk Beach and Park, the coming soon Four Seasons Naples Beach Club and easy access to all the great restaurants & shopping of Fifth Avenue South. The neighborhood is comprised of 843 residences; 263 single-family homes and 580 condominiums.

• Sold: In the past 12 months there have been 55 sales, 15 condos sold at an average of $1.185M ($676/SF), 9 co-ops sold at an average of $519k ($513/SF) and 31 homes sold at an average of $3.94M ($1003/SF)
• The most expensive home sold in the last 12 months went for $13,350,000 ($1464/SF), a 9118 SF estate on a 0.55 acre lot overlooking the Naples Beach Club golf course.
• The most expensive condo sold in the last 12 months went for $2,495,000 ($762/SF), a 3271 SF 3 bedroom unit with bay views and a deeded boat slip located across the street from Lowdermilk Park Beach.
• Pending Sales: There are 5 pending home sales with an average sale price of $7.25M ($1481/SF)
• Active Inventory: There are only 5 properties on the market, 4 homes (1 asking lot value and 2 new builds) and 1 condo with a private 40’ boat dock.
• New Builds: There were 5 new homes sold in the last 12 months, 1 currently pending and 1 on the market: Avg of $7M and $1282/SF.
• Land Sales: There were 3 lots sold in the last 12 months and there is 1 currently on the market for $3.1M for 0.36ac: Avg of $2.275M per lot.
• For more information – check out my Coquina Sands neighborhood page

If you are outside of Southwest Florida and desire an equivalent top real estate agent, contact Matt Brown at William Raveis Real Estate. Matt has a vast network of other trusted luxury real estate specialists nationwide from his two decades in the business and through affiliated companies such as Leading Real Estate Companies of the World, Who’s Who in Luxury Real Estate, and Luxury Portfolio International.

Looking for a luxury real estate agent Naples Florida, Matt Brown has the luxury market experience you desire, a vast network of clients and buyers, the in-depth market data knowledge you appreciate, the connections to aid in smooth transactions, and the relationships to help find your next luxury home, even before they hit the market. Contact Matt Brown at (239) 580-8864 or fill out the Let’s Connect form. You can also review his client reviews to get a better understanding of Matt’s qualifications.