NAPLES FLORIDA REAL ESTATE NEWSLETTER
Southwest Florida Real Estate Newsletter – November 2024
In this month’s newsletter, we’re thrilled to share that William Raveis has achieved prestigious global recognition. Named among the Top 100 Real Estate Brokers of the World by the Luxury Lifestyle Awards (LLA), this acknowledgment places William Raveis alongside distinguished luxury brands like Ritz-Carlton and Dom Perignon. This honor is a testament to our dedication to excellence and our commitment to delivering unmatched service to our clients.
In other exciting news, Naples has been named the #1 Best Place to Retire for 2024-25 by U.S. News & World Report. This recognition underscores the city’s unmatched quality of life, retiree-friendly amenities, and vibrant community appeal, solidifying its reputation as the ultimate retirement destination.
Also in this edition, we’re highlighting must-read resources on Naples’ Top Beaches and area Beachfront Communities for an inside look at the area’s best waterfront homes. Be sure to explore our blog post on Top Naples Beaches and our guide to Beachfront Communities.
As always, we’ve included the latest market reports and updated inventory search tools to help you stay informed.
As we close this month, I’d like to wish you a very Happy Thanksgiving. Enjoy the time with your loved ones! My family is looking forward to spending quality time together, and making the most of Naples’ beautiful beaches. Thank you for being part of our journey, and here’s to even more remarkable milestones together!
Best regards,
Matt
William Raveis: A Global Leader in Luxury Real Estate
This year, William Raveis earned a distinguished spot among the Top 100 Real Estate Brokers of the World by Luxury Lifestyle Awards. Recognized for our commitment to quality, we proudly join luxury brands like Ritz-Carlton and Dom Perignon. Founded in 2008, LLA is part of the World Luxury Chamber of Commerce, with a mission to promote the world’s finest luxury goods and services. Through a meticulous review process spanning 5,000 products and services in 100 countries, LLA’s selections represent the elite in luxury. William Raveis stands among the world’s elite, offering unparalleled luxury services to clients across the globe.
Celebrating 50 Years of Luxury Real Estate Excellence
For five decades, William Raveis has connected discerning clients with exceptional homes across the world’s most desirable locations. From Boston to Naples, Greenwich to Greece, and Nantucket to Manhattan, our expert agents bring unmatched local insights and market expertise. With over 45,000 estates sold, including those of iconic owners like Jeff Bagwell, Martha Stewart, and Tommy Hilfiger, our reach extends to influential figures across entertainment, sports, and industry titans like Vanderbilt and Rockefeller.
Discover our curated luxury portfolio in the latest Raveis Collection magazine, where every property invites you to live and dream.
Naples Tops 2024-25 Best Places to Retire
Naples has proudly secured the #1 spot on U.S. News & World Report’s 2024-25 Best Places to Retire list! This outstanding achievement highlights Naples as a dream destination for retirees worldwide.
The ranking is a testament to Naples’ unparalleled happiness index, retiree-friendly tax policies, exceptional healthcare, and year-round desirability. This year, U.S. News placed greater emphasis on happiness, solidifying Naples’ well-deserved position at the top.
As the city continues to be a haven for retirees, this recognition underscores Naples’ vibrant lifestyle, natural beauty, and thriving community. It’s yet another reason why Naples remains a jewel on Florida’s Gulf Coast.
Discover more about this accolade by visiting the U.S News article.
Best Beaches in Naples & Southwest Florida
Discover the breathtaking beauty and tranquility of Southwest Florida & Naples beaches, ideal for sun-seekers, nature lovers, and watersports enthusiasts. From the pristine sands of Delnor-Wiggins Pass State Park to the iconic Naples Pier and vibrant Lowdermilk Park, each beach offers unique experiences and amenities. Dive into our detailed guide for more about beach amenities, activities, and tips to make the most of each coastal escape.
Top Beachfront Communities in Naples, Florida
Naples’ beachfront communities offer an exceptional mix of luxury, convenience, and natural beauty. From exclusive Port Royal with its palatial estates and private access to Old Naples‘ classic downtown charm, each community has its distinct appeal. These communities are perfect for those who want waterfront living with direct access to Southwest Florida’s stunning beaches. Explore our comprehensive guide to find the perfect beachfront lifestyle.
October 2024: Naples Market Trends and Commentary
In this month’s Naples real estate market trend review, I featured 3 coastal neighborhoods that are within Naples’ luxury real estate corridor between US41 and the Gulf of Mexico. All 3 neighborhoods offer ample access to Naples’ famous white sand gulf beaches; Old Naples, the Crayton Road Area (includes Coquina Sands, Moorings and Park Shore) and the Vanderbilt Beach neighborhood. For direct beachfront living, Old Naples offers only single family residences on the beach and the other areas offer dozens of condominium buildings on the beach where residents can enjoy direct Gulf of Mexico views and easily get their feet on the sand on a daily basis. The charts below represent single family homes and condominiums combined and display key market metric trends over the last 6 years.
AVERAGE SALES PRICE (12-month rolling average)
The average sales price for a property over the last 12 months (compared to the same 12 month period a year ago):
- Old Naples: $2,924,211 (down 11.8%)
- Coquina Sands / Moorings / Park Shore: $2,714,838 (up 6.3%)
- Vanderbilt Beach (up 2.0%)
AVERAGE PRICE PER SQFT (12-month rolling average)
The average sales price per square foot for a property over the last 12 months (compared to the same 12 month period a year ago):
- Old Naples: $1,202 (down 14.2%)
- Coquina Sands / Moorings / Park Shore: $989 (up 0.6%)
- Vanderbilt Beach: $909 (down 7.3%)
MONTHS SUPPLY
This is one of the most informative metrics regarding the current supply/demand balance of the real estate market activity since it combines the pace of sales with the number of properties currently available. The months of supply metric tells us how long it would take for all the properties on the market to be sold if sales continued at the current pace and no additional listings came on the market. Nationwide 6 months of supply is often considered to be a balanced market but within Naples luxury market, 12 to 18 months is a more typical level of supply.
The months of supply for properties in October 2024 (compared to October 2023):
- Old Naples: 10.3 months (+45.1%)
- Coquina Sands / Moorings / Park Shore: 9.8 months (+12.6%)
- Vanderbilt Beach: 9.5 months (-42.8%)
HOMES FOR SALE
The number of properties for sale October 2024 (compared to October 2023):
- Old Naples: 128 (+29.3%)
- Coquina Sands / Moorings / Park Shore: 304 (+8.2%)
- Vanderbilt Beach: 67 (-19.3%)
NEW LISTINGS (6-month rolling total)
The number of new property listings over the last 6 months (compared to the same 6 month period a year ago):
- Old Naples: 106 (-5.4%)
- Coquina Sands / Moorings / Park Shore: 283 (-1.0%)
- Vanderbilt Beach: 69 (-12.7%)
PENDING SALES (6-month rolling total)
The number of pending sales over the last 6 months (compared to the same 6 month period a year ago):
- Old Naples: 38 (-34.5%)
- Coquina Sands / Moorings / Park Shore: 130 (-7.8%)
- Vanderbilt Beach: 27 (-15.6%)
TOTAL SALES (6-month rolling total)
The number of sale closings over the last 6 months (compared to the same 6 month period a year ago):
- Old Naples: 83 (+13.7%)
- Coquina Sands / Moorings / Park Shore: 158 (-9.7%)
- Vanderbilt Beach: 37 (+5.7%)
DOLLAR VOLUME OF CLOSED SALES (12-month rolling total)
The total dollar volume of property sales over the last 12 months (compared to the same 12 month period a year ago):
- Old Naples: $435,707,455 (-19.3%)
- Coquina Sands / Moorings / Park Shore: $1,009,919,838 (+1.9%)
- Vanderbilt Beach: $168,145,749 (+44.5%)
AVERAGE DAYS ON MARKET (6-month rolling average)
The average days on the market for a property that closed over the last 6 months (compared to the same 6 month period a year ago):
- Old Naples: 109 (+53.5%)
- Coquina Sands / Moorings / Park Shore: 114 (+48.1%)
- Vanderbilt Beach: 123 (+83.6%)
AVERAGE PERCENT OF LAST SALES PRICE (6-month rolling average)
The average discount below the last asking price for a property that sold above $1M over the last 6 months (compared to the same 6 month period a year ago):
- Old Naples: 5.5% (down from 7.4%)
- Coquina Sands / Moorings / Park Shore: 7.5% (up from 6.8%)
- Vanderbilt Beach: 6.6% (up from 6.3%)
Southwest Florida & Naples Real Estate Market Reports
Each month our real estate newsletter includes previous months published market reports for the Naples Florida area, which includes the William Raveis luxury real estate market report and the Naples Board of Realtors (NABOR) market report.
To check out previous months market reports head to my website > RESOURCES > Market Reports.
Naples Featured Listings
Area Real Estate News Summary
If you would like to look back at all our monthly news posts, check out our Facebook feed or our LinkedIn feed.
Search Current Inventory
Below are Naples newest waterfront properties on the market priced above $2,000,000. See any which are interesting, lets connect! If you would like to search all Southwest Florida properties, visit our website > SEARCH > Search Properties page.
