NABOR Market Report
Barry & Kim with the Hoey Team 🍀 239RealEstateDeals.Com LLC ☘ hope that you and yours are doing good; wherever you are located.
Hot off the press please find info from the just released August 2021 Market Report combined with data from our Collier County based; Southwest Florida Board of Realtors; NABOR with this as part of the report: “the median closed price reported in August was $75,000 higher than the median closed price reported in January 2021” the Hoey Team ☘ see this trend too; in practically all of our Southwest Florida marketplace’s.
In addition, please do 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 🍀 239RealEstateDeals.Com LLC ☘ 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.
Interesting Statistics for August 2021 versus August 2020:
· Overall inventory down 77%.
· Overall Pending Sales down 26%
· Median closed sale price up 12%.
· New Listings down 23%
· Overall Closed Sales down 8%
· Single family home sales down 11%
· Condo home sales down 5%
· Days on market down 77%
Sellers, Buyers and REALTORS need be fully informed to help you make the best possible Real Estate decisions.
August Real Estate Market Report: Low Inventory, Strong Demand
Naples, FL (September 24, 2021) – Demand for homes in Collier County kept (active) REALTORS® busy in August, even as inventory dropped 77.3 percent to 1,249 homes from 5,503 homes in August 2020. According to the August 2021 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), REALTORS® escorted buyers on over 30,000 home showings in August! The month’s strong showing activity—coupled with a 76.8 percent decrease in days on market to 22 days—means most homes were listed, shown, and sold in less than 30 days.
“Pent up buyer demand that began last summer has stretched inventory thin,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc., who added that “this could lead to upward pressure on pricing.”
Historically, median closed prices of homes sold during summer months tend to be lower than median closed prices of homes sold during high-season months (January through April), but that trend did not occur this year. According to the report, the median closed price reported in August was $75,000 higher than the median closed price reported in January 2021. The median closed price of homes sold increased 11.7 percent in August to $441,300 from $395,000 in August 2020 (median price is the price at which 50 percent of the homes sold were above that price, and 50 percent were below).
Molly Lane, Senior Vice President at William Raveis Real Estate, said, “With the help of a REALTOR®, homeowners who sold a home in August most likely enjoyed a nice profit. That’s because local (active) REALTORS® understand the market and can help price a home correctly, screen out unqualified buyers, assist in negotiating repairs and contingent offers, evaluate the offers presented and negotiate the best possible terms for the homeowner.”
According to Adam Vellano, a Naples Sales Manager at Compass Florida, “Our area consistently enjoys about 1,000 new listings every month. But demand is simply outpacing supply today. The 992 new listings added during August will most likely be sold in less than a month.”
Vellano’s comment was confirmed by the August Market Report as days on market in August decreased 76.8 percent to 22 days from 95 days in August 2020. As such, many of the 1,101 pending sales reported in August were also included in the report’s 1,033 closed sales figure.
Pending and closed sales, incidentally, decreased by 25.6 and 7.9 percent in August, respectively. Broker analysts predict pending and closed sales will continue to decrease in comparison to past years because of limited inventory. Added Hughes, “It’s unlikely we’ll see a huge incline in inventory anytime soon.” He also noted that “historically, our area’s inventory increases during October and November in anticipation of seasonal residents during the winter, but demand is so strong now that we could absorb those homes if they were listed today.”
The NABOR® August 2021 Market Report provides 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.
Brenda Fioretti, Broker Associate at Berkshire Hathaway HomeServices Florida Realty, pointed out that the report showed “24 percent of pending sales during August went back on the market during the month.”
Lane added insight by stating, “Because of limited options, REALTORS® are recommending sellers accept back-up contracts. This way, if the buyer with the first contract backs out, the buyer with the back-up contract moves into the first spot. But, when a buyer backs out and there are no other back-up contracts, those homes are removed from pending status and put back into active inventory.”
The August report showed less than a 30-day supply of inventory. Broker analysts agree: Working with a (an active) REALTOR® who has their eye on the MLS daily and knows how to navigate this lightning-fast market is an asset for buyers and sellers.
Lane remarked that “some homeowners tell us that when they decide to sell, they will simply sell their home to a neighbor. But I am quick to tell them that a (an active, experienced) REALTOR® can typically get them a higher price because REALTORS® place all new listings on the MLS so they are marketed to a wider audience.”
The August Market Report continues to show that sellers remain at an 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 ☘ continually experience; but; deals are available, and the Hoey Team ☘ 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 🍀 239RealEstateDeals.Com LLC ☘ 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 🍀 239RealEstateDeals.Com LLC ☘ 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 🍀 239RealEstateDeals.Com LLC ☘ (239)-360-5527
Barry & Kim with the Hoey Team ☘ 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
"Your Real Estate Concierge"
Call/Text Hoey Team: (239)-360-5527
Certified Luxury Home Marketing Specialist™
CREA (Canadian Real Estate Association) Global Affiliate
Member of The Institute for Luxury Home Marketing®
Dubai International Property Consultant (DIPC)
Member of FIABCI-USA; the International Real Estate Federation
Overseas member of the Institute of Professional Auctioneers and Valuers (IPAV) MIPAV (OS) MMCEPI
Member of the European Association of Real Estate Professions (CEPI)
Your Real Estate Resource in Southwest Florida and beyond
New Construction Community Negotiator
"Practicing Professional Standards of Excellence" 🍀 ☘
- D Caple
- R. H.
- A. S.
- E. K.
- Jason and Beth Becker
- Z. S.
- V. W.
- L. B.
- Ming Chiu & Ying Zhang-Chiu
- Pierre & Réjeanne
- William Scheiman
- Laura Cari
- A. S.
- Margaret & Terrance
- THE TOTH FAMILY
- Vickie Davis
- Kelly McL - Three Naples Florida Homes
- Tom B (Naples FL)
- K. R.
- Sally and Tom
- Mike Schmidt
- Gary Dykes
- Jeri W. Buckley
- Jane Richert and David Harmening
- Brenda and Tom (Seller & Buyer as part of Up-sizing Relocation within SWFL)
- P. O’H.
- Dennis and Mary Fuelling
- L. B.
- Scott Arbuckle
- Nate and Heather - Naples FL Condo
- Ernesto & Miriam
- Charlie & Susie Mahon
- Cathy M
- Tammy Ambrose
- Andrea and Ingo Zacher
- Rob Sanchez
- R. S.
- Kenneth and Claudia McCalister
- John & Glenn
- C. S.
- Jacque Turner
- C. C.
- Linda and George Megee
- Adriana and Gerald - Sellers who we achieved 12% over full price for a home listed previously by other agents, who were not successful in selling it for a lower list price
- Chip Servant
- Dan & Kim Long
- Gary D (Naples FL)
- R. K.
- Doug Turner
- R. H.
- Annette Sharp
- Susan Carter
- Ed & Lorrie
- R. K.
- E. H.
- Marie & Liam Varian
- Charles Payne
- Jeff and Tammy Brown