Real Estate Newsletter May 2021 | Old Naples Focus

  • Matt Brown
  • 06/2/21

Old Naples Spotlight

Naples has many fabulous neighborhoods but Old Naples, otherwise known as downtown Naples, is the core of the community and is a treasured locale for residents and visitors alike. Starting in May 2020, our real estate market has experienced a historic high level of demand and like many other areas, Old Naples has seen a dramatic reduction in supply and increase in property values over the past 12 months. As of 5-29-21 within Old Naples, there were 58 properties available, 82 pending and 144 closed over the last 90 days which means there is currently only a 1.2 month supply, clearly a seller’s market! As season comes to a close, the sales activity “should” slow a bit as many people head North but there are definitely more people in SWFL than usual for late May and with increased property values, it will be interesting to see if more property owners opt to list their property for sale this summer to take advantage of the current market conditions instead of waiting until next season. Here are a few charts showing changes in key market indicators over the past 3 years for Old Naples (single family homes & condos):
Old Naples Homes For Sale Months of Supply
Old Naples New Listings
Old Naples Pending Sales
Old Naples Total Sales
Old Naples Average Sales Price
Old Naples Average Price Per Square Foot

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Market Reports

How low can inventory go? If you look at the chart below, it sure looks like we are headed to zero! There are typically 10k to 12k properties for sale in Collier County and 7k to 9k properties for sale in Lee County for a total inventory of 17k to 21k, currently there are only 2.8k properties on the market, 1162 in Collier County and 1652 in Lee County!
Naples Homes for sale Collier County vs Lee County

New vs Closed Listings $1M+

  • Number of homes closed in 12 months ending 4/30/21 up 87%; condos up 99%.
  • Current home inventory is 2.9 months of supply; condo inventory is 2.4 months.
  • Full report detailed here.  Stats include Naples luxury market; properties from Port Royal to Bonita Beach Rd, West of 41.

Overal Inventory ⬇️ 

  • Despite Naples low inventory levels, we have seen a 106.2% increase in new listings compared to April 2020.
  • Since January, the Naples area housing market has enjoyed a 14.3% increase in new listings.
  • Bottom Line: Buyers shouldn’t give up searching for a home, paradise is waiting for you...
  • Full report detailed here.

Recent Real Estate News

A 5-Star Four Seasons Resort To Possibly Operate The Naples Beach Club Hotel

Read full news article here.


New Data Shows Southwest Florida Led State With Incoming Migration During Pandemic

Read full news article here.


Where are Southwest Florida's newest residents moving from?

Read full news article here.


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Why You Should Live in Naples, Florida....


Matt Brown Real Estate

SWFL & Naples Real Estate Agent

If we haven't connected yet, please reach out. I have built a 18+ year real estate career on integrity, honesty, knowledge and highly ethical practices, which has helped me close over $500 million in real estate sales and skillfully negotiate over 100 multiple-bid situations. I work with buyers and sellers along the Gulf Coast in Naples and Southwest Florida.


Matt Brown Real Estate I Naples & Southwest Florida Luxury Specialist, 720 5th Ave South, Suite 201,
Naples, Florida 34102, (239) 580-8864

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