Naples Real Estate - Mark A. Benson, PA, Keller Williams Realty Naples

Naples Real Estate - Mark A. Benson, PA, Keller Williams Realty Naples Florida Licensed REALTOR with KELLER WILLIAMS Realty Naples; 7955 Airport Road North, Suite 103, Naples, FL 34109

Each Keller Williams Realty office is independently owned and operated. Naples is more than just another Florida gulfside community. It’s a tropical paradise that offers people a lifestyle unlike any other. The community is bathed in sunshine year round, cooled by crisp gulf breezes and refreshed with tropical rains that add to the natural vibrancy of the environment. Here, life’s pace is a little

slower, the people a little friendlier and whether you’re looking for waterfront or golf course properties, luxury or moderately priced, Naples has something for everyone. One of the things people new to Naples notice is the style in which they’re greeted. It’s not "Welcome to Naples" or "Welcome to Southwest Florida." Instead, throughout the community, people everywhere are greeted with the warm phrase "Welcome to Paradise." Yet this greeting is more than simply the town slogan. It also tells you a lot about the community and the people who live here. Lifestyle Specialist

Mark Benson came here for this reason and it’s why he is so proud to be able to bring his unique services to people from all walks of life. As a real estate professional, he sees himself as a "Lifestyle Specialist" rather than a mere agent. He has a unique ability to introduce clients to the Naples lifestyle that fits their personality always keeping in mind the importance of selecting a sound investment as well. For this talented individual, discovering your personality and then finding the appropriate community is why he is one of the most successful and well respected Realtors in the Naples area. One reason his success at matching people with the right communities is he genuinely listens to people and is able to get a real feel for the right home quickly. Mark has a great intuitive ability in finding people the right style of properties that tailors their tastes and styles. He continually educates himself on industry trends and markets nationwide in order to specifically relate interests into the Naples community. His skills and talents allow him to offer extremely comprehensive and personable service. Going Above and Beyond

More than his ability to listen and find the perfect home, he also has a certain flair to his service. He knows people coming to Naples expect more from life and more from their agent. With Mark, they get service far above and beyond what is traditionally expected. From hotels to the front drive, interior designers to ordering the newspaper, he goes out of his way to make your move a smooth and enjoyable experience. Visualize Your Future

Mark doesn’t simply help you move, he visualizes your future. He gets to know you on a personal level and takes a vested interest in all your needs. In fact, many of his clients become lifelong friends as well. Perhaps this is why so much of his business comes from referrals and repeat clientele. When you’re ready to find your own bit of "Paradise", do it Naples style. More than a mere agent, he’s a lifestyle specialist who will help you make the very most of your next move. Mark Benson knows there are inherent advantages to working with a professional. He offers his clients the highest level of service around. From cutting edge marketing techniques to added availability to extraordinary personal service, Mark goes out of his way to make your move a smooth and successful experience. With his experience, your own bit of paradise is closer than you think. The epitome of service in the hospitality industry is "Les Clefs d’Or" (golden keys) designation, presented to a concierge who represents the very best in the personalized service. Mark’s goal is to provide that award-winning quality of service to all of his customers. "When people move to Naples, they’re looking for a new lifestyle. From my professional background, I’ve learned to really listen to people and appreciate what they like as well as what they don’t. It helps me to determine the exact type of home that will fit their needs and their dreams."

The latest information about Marco Island real estate!$250,000 to $499,999This segment is dominated by older condominium...
01/15/2026

The latest information about Marco Island real estate!

$250,000 to $499,999
This segment is dominated by older condominium inventory, largely built between the late 1960s and mid 1980s, with a heavy concentration of one bedroom and two bedroom units in established developments such as Marco Manor, Seabreeze, Anglers Cove, and Stevens Landing. Many properties in this range show extended DOM (Days on the Market), frequently exceeding 150 to 300 days, particularly where interiors remain original or where association fees are elevated relative to unit size. Shorter DOM in this bracket is typically associated with updated interiors, strong rental flexibility, or waterfront-adjacent locations. Buyers in this range are price sensitive and comparison driven, and older properties without clear value differentiation tend to stall.

$500,000 to $749,999
Inventory broadens to include larger condominium residences, low-rise waterfront buildings, and a limited number of older single-family homes. Construction dates still skew older, primarily 1970s through early 1990s, though floor plans and square footage improve meaningfully over the prior bracket. DOM patterns diverge sharply. Well-located condos with views, beach proximity, or recent renovations often trade within 30 to 90 days, while dated units and inland homes frequently exceed 200 days. Buyers in this range show increasing selectivity and are less tolerant of deferred maintenance, particularly given rising insurance and HOA considerations tied to older construction.

$750,000 to $999,999
This range marks a transitional price band where buyer expectations rise materially. Inventory includes beach-area condominiums, larger waterfront condos, and a growing presence of single-family homes, many built from the late 1970s through early 2000s. DOM becomes highly polarized. Updated properties, newer roofs, modern floor plans, and hurricane mitigation features tend to move within 30 to 75 days. Older homes and original-condition condos often remain active for 200 days or more, particularly when pricing reflects aspirational rather than market-supported levels. Buyers here are typically comparing against new construction opportunities just above this range, which places pressure on older resale inventory.

$1,000,000 to $1,249,999
This segment represents a psychological threshold for many buyers. Inventory includes stronger beach proximity, larger residences, and more refined condominium offerings. Construction years vary widely, from 1970s beachfront towers to early 2000s homes and condos. DOM generally tightens for properties that present a clear lifestyle advantage or move-in-ready condition, often trading within 45 to 90 days. Conversely, properties requiring significant renovation or carrying older mechanical systems regularly exceed 150 to 300 days. Buyers become more analytical in this bracket, factoring long-term capital improvements into pricing decisions.

$1,250,000 to $1,499,999
Single-family homes become more prevalent, including canal-front and inland estates, alongside premium condominium offerings. Many homes date from the 1980s through early 2000s, with select newer builds beginning to appear. DOM performance increasingly reflects construction quality and modernization rather than location alone. Newer or comprehensively renovated properties often sell within 30 to 60 days, while older homes without meaningful updates frequently exceed 180 days. Buyers are increasingly strategic, weighing renovation timelines, insurance costs, and replacement value.

$1,500,000 to $1,999,999
This range reflects a more discretionary luxury buyer profile. Inventory includes higher-end waterfront homes, newer construction, and established luxury condominium developments. DOM compresses for properties built within the last ten years or those offering contemporary design and coastal resilience features. Many newer homes and premium condos trade within 30 to 90 days. Older luxury homes, particularly those built in the 1970s and 1980s without substantial upgrades, can remain on the market for 200 days or longer despite attractive locations. Buyers are decisive but intolerant of functional obsolescence.

$2,000,000 to $2,499,999
Above $2,000,000, buyer behavior becomes increasingly segmented. This bracket includes luxury waterfront estates, Hideaway Beach residences, and high-end beachfront condominiums. Newer construction and architecturally distinctive homes often exhibit DOM under 60 days. Properties built prior to 2000 without comprehensive updates regularly exceed 150 to 250 days. Pricing precision becomes critical, as buyers in this range are well-informed and compare against both new construction and replacement cost.

$2,500,000 to $2,999,999
Inventory depth increases, particularly among canal-front estates and luxury condominiums. Construction years span from the late 1990s through recent builds. DOM trends favor newer properties, with many trading inside 45 to 90 days. Older homes with dated layouts or deferred maintenance often remain active well beyond six months. Buyers in this range are value disciplined and increasingly selective, often negotiating aggressively when properties exceed market exposure norms.

$3,000,000 to $3,999,999
This bracket reflects true luxury inventory, including larger estates, newer waterfront homes, and premium condominium residences. DOM varies widely. New construction and recently completed homes can sell quickly, sometimes within weeks, while older luxury properties frequently show extended exposure of 200 to 400 days. Buyers are less price sensitive but highly discerning, prioritizing design relevance, construction quality, and long-term ownership costs.

$4,000,000 to $4,999,999
Inventory thins, but pricing risk increases. DOM performance is strongly correlated with build year and architectural relevance. Homes built within the last five years often transact within 60 to 120 days. Older estates, particularly those requiring modernization, can exceed 300 days despite prime locations. Buyers in this segment are patient and typically have multiple market alternatives.

$5,000,000 and above
This segment is defined by ultra-luxury estates and trophy waterfront properties. Construction is heavily weighted toward recent and new builds, though a number of older legacy homes remain active. DOM is highly variable. New construction and iconic properties may sell rapidly when priced correctly, while older estates can remain on the market for extended periods, sometimes exceeding one year. Buyers are exceptionally deliberate, often conducting extensive due diligence, and price discovery in this tier is highly sensitive to uniqueness and ex*****on.

Lakefront and beautifully crafted, this custom-built home sits on a quiet cul-de-sac and offers a refined, open floor pl...
12/20/2025

Lakefront and beautifully crafted, this custom-built home sits on a quiet cul-de-sac and offers a refined, open floor plan with tray and soaring ceilings, crown molding, rich wood accents, and 20-inch porcelain tile floors, along with hardwood in the study. The designer kitchen is built for serious cooking and easy entertaining, featuring granite counters, solid wood cabinetry with roll-out shelving, a walk-in pantry, stainless appliances, and double ovens, all positioned to stay connected with the main living areas. Light-filled living and dining areas flow naturally, so the lake remains part of the backdrop whether you are hosting friends or enjoying a quiet evening at home. Ceiling details and trim work give the interiors a polished look without feeling fussy, and the layout creates clear separation between the owner’s suite and the guest wing. The primary suite feels like a private wing, complete with a sitting area for morning coffee or a good book, a generous walk-in closet with built-in cabinetry, and a spa-style bath with dual vanities, a jetted tub, and a large walk-in shower. Two guest bedrooms are set apart for privacy, each with an ensuite bath and walk-in closet, which works beautifully for family, guests, or multi-generational visits. Practical details add peace of mind and everyday convenience, including solid-core doors, a security system, and hurricane shutters. An oversized three-car garage provides excellent storage, and the attached workshop or storage room is ideal for projects, golf gear, bikes, and seasonal items. Outdoor living is where the home truly takes advantage of the setting. The expansive lanai captures wide lake views and includes a large covered area for dining and conversation, creating a natural extension of the interior living space. The pool and grotto are designed for conversation and lingering afternoons, with the swim-up bar and waterfalls delivering that tropical-resort feel all year long, plus a walk-in entry that makes the water easy to enjoy at any age. Tropical landscaping and custom accent lighting complete the relaxed, private-retreat atmosphere. Imperial Golf Estates is a guard-gated North Naples community with dual entrances from Livingston Road and US 41 (Tamiami Trail), set among preserves, lakes, parks, and a cove, with underground utilities, bike and jog paths, a separate private tennis academy, and low HOA fees that include cable and high-speed fiber optic internet. Optional private Imperial Golf Club membership offers a 36-hole championship course with no waiting list, plus a clubhouse with expansive dining and meeting space. The location is close to Mercato, Waterside Shops, Artis-Naples, Whole Foods, North Collier Park, the Children’s Museum, Delnor-Wiggins Pass State Park, Vanderbilt Beach, Barefoot Beach, I-75, and Southwest Florida Intl Airport. Call Mark Benson at 239-269-7878 to schedule a private showing!

Port Royal in Naples, Florida has long been recognized as one of the most prestigious waterfront enclaves in the United ...
08/22/2025

Port Royal in Naples, Florida has long been recognized as one of the most prestigious waterfront enclaves in the United States. Established in the 1950s and carefully developed with a vision of discretion, elegance, and exclusivity, the neighborhood offers a standard of living reserved for those who expect the very best. Discreetly nestled along the southern edge of the city, the area is bordered by the sparkling waters of the Gulf of Mexico and Naples Bay, creating a setting that is as secluded as it is spectacular.

The estate homes of Port Royal are among the largest and most impressive in Southwest Florida, many of them custom built by renowned architects and designers. Residences are positioned on expansive lots, with lush tropical landscaping that provides both natural beauty and a sense of seclusion. On quiet mornings, the only sound is often the soft movement of water against seawalls. Most properties enjoy direct access to the water, with deep-water docks that can accommodate yachts of significant size. This feature has made the neighborhood appealing to owners of private vessels who like the ease of walking from their terrace straight to their boat.

Beyond its architectural grandeur, Port Royal offers a lifestyle carefully crafted to meet the expectations of its distinguished residents. At the heart of the enclave is the Port Royal Club, a private beach and social club known for its understated refinement. Membership is by invitation only and provides residents with an elegant beachfront dining experience, tennis facilities, a state-of-the-art fitness center, and a calendar of exclusive social events. The Club serves as both a gathering place for neighbors and a hallmark of the area’s enduring traditions.

The location of Port Royal enhances its allure, providing both tranquility and convenience. Within a few minutes’ drive, residents can enjoy the fine dining, luxury shopping, and cultural sophistication of Old Naples and Third Street South. Artis-Naples, the Philharmonic, and world-class galleries are nearby, ensuring that cultural pursuits are never out of reach. At the same time, the serene beaches and protected waters offer endless opportunities for boating, fishing, and sunset cruises, all from the comfort of one’s own residence.

Here's a link to the currently available homes with all brokerages: bit.ly/PortRoyal082225

August 2025 Statistics for Pelican Bay in Naples, Florida  Pelican Bay is one of Naples’ most distinctive communities, s...
08/21/2025

August 2025 Statistics for Pelican Bay in Naples, Florida Pelican Bay is one of Naples’ most distinctive communities, set along the Gulf of Mexico where residents enjoy private beach access and a lifestyle centered on golf and tennis. Its location places homeowners near world-class destinations such as the Waterside Shops, where luxury retail and dining create a vibrant social hub. The Ritz-Carlton Naples stands at the community’s shoreline, offering five-star beachfront amenities, while the Naples Grande Hotel adds another layer of resort sophistication just to the south. Within Pelican Bay itself, the real estate portfolio is diverse, ranging from elegant condominiums and townhouses to villas and estate homes, with offerings priced between $600,000 and $35,000,000. This blend of coastal living, championship recreation, and proximity to Naples’ finest cultural and retail experiences makes Pelican Bay one of the most sought-after addresses in Florida.

If you’ve been eyeing the housing market in Naples, Florida, now might be the perfect time to make your move. While the ...
09/06/2024

If you’ve been eyeing the housing market in Naples, Florida, now might be the perfect time to make your move. While the Northeast is currently a hot Seller’s market, with rising home prices and fierce competition, Naples offers a different landscape - one that’s firmly in the favor of buyers.

In a Seller’s market, like what’s happening up North, you might find yourself caught in bidding wars, pressured to make quick decisions, and often settling for less-than-ideal terms just to secure a home. It’s a tough game to play, especially when you’re trying to balance it with the dream of a relaxed lifestyle in a place like Naples, where the sun shines year-round and the lifestyle is one of leisure and comfort.

Naples, on the other hand, is currently experiencing a Buyer’s market, which means you have the upper hand. Homes here are staying on the market longer, sellers are more willing to negotiate, and you’re likely to find more favorable pricing. In practical terms, this means you can take your time, weigh your options, and potentially get more house for your money.

Imagine finding that perfect home in Naples, with everything you’ve dreamed of - proximity to the beach, a pool in your backyard, and plenty of space for visiting family and friends. Now, picture being able to negotiate a better price, ask for repairs or upgrades, and even take your time to decide, without the pressure of losing out to another buyer. That’s the power of a Buyer’s market.

And it’s not just about the immediate financial benefits. Purchasing in a Buyer’s market also positions you well for future gains. Naples is a growing community with strong appeal. As the market inevitably shifts back toward sellers, the value of your investment could rise, offering long-term financial rewards.

Additionally, while the Northeast may currently be a Seller’s market, the allure of Naples’ warm weather, stunning landscapes, and vibrant community is unmatched. It’s not just about buying a house; it’s about investing in a lifestyle - one where you can enjoy outdoor activities year-round, dine in world-class restaurants, and be part of a close-knit, welcoming community.

If you’re considering a move, working with a knowledgeable Realtor who understands both the Naples market and your needs can be your greatest asset. They can guide you through the process, helping you capitalize on the current market conditions, so you not only find the perfect home but do so with confidence and peace of mind.

While the Northeast Seller’s market may be challenging for buyers, Naples offers a unique opportunity to turn the tables in your favor. By purchasing in a Buyer’s market, you’re not just finding a new home - you’re making a strategic investment in your future. So why wait? Naples is ready when you are.

If you’ve been eyeing the housing market in Naples, Florida, now might be the perfect time to make your move. While the Northeast is currently a hot Seller’s market, with rising home prices and fierce competition, Naples offers a different landscape - one that’s firmly in the favor of buyers.


How a Skilled Realtor® Can Help Reduce Risks for Home Buyers and SellersBuying or selling a home is often one of the mos...
08/30/2024

How a Skilled Realtor® Can Help Reduce Risks for Home Buyers and Sellers

Buying or selling a home is often one of the most significant financial transactions individuals make in their lives. While the process can be exhilarating, it is also fraught with potential risks and pitfalls. Working with an experienced Realtor® can make all the difference in navigating these complexities. Here’s how I, as a Realtor®, can help you minimize risks and achieve a successful transaction.

1. Expert Market Knowledge

One of the most significant risks in real estate transactions is pricing. Accurate pricing is crucial for both buyers and sellers to avoid overpaying or underselling. As a Realtor®, I bring in-depth knowledge of current market conditions, including recent sales, property values, and market trends. This expertise allows me to help you set a competitive price for your home or make an informed offer on a new property. Understanding the nuances of the local market helps ensure that your transaction is both financially sound and strategically advantageous.

2. Access to Comprehensive Listings

When you work with me, you gain access to a wide range of property listings and detailed information about them. This includes data on neighborhood trends, school ratings, local amenities, and even future development plans that could affect property values. For buyers, this means you won’t miss out on potential homes that meet your criteria, and for sellers, it ensures your property is marketed effectively to reach the right audience. Comprehensive listings also help you make more informed decisions and avoid properties that may not align with your needs or investment goals.

3. Professional Negotiation Skills

Negotiation is a critical component of real estate transactions. My role is to represent your interests and negotiate the best possible terms for you. Whether you’re a buyer seeking a fair price or a seller aiming for a profitable deal, my negotiation skills help balance the scales and achieve favorable outcomes. Effective negotiation can also prevent conflicts and misunderstandings, which can derail a transaction. With my expertise, you can be confident that your interests are well-represented and that you are getting the best possible deal.

4. Thorough Due Diligence

Buying or selling a home involves a significant amount of paperwork and due diligence. I ensure that all necessary documents are completed accurately and submitted on time. This includes disclosures, contracts, inspection reports, and any other paperwork required by local regulations. By handling these details, I help prevent delays and legal issues that could arise from incomplete or incorrect paperwork. My attention to detail and thorough understanding of the documentation process help ensure a smooth and efficient transaction.

5. Guidance Through Inspections and Repairs

Home inspections are a crucial part of the buying process and can reveal issues that might not be immediately apparent. I can recommend reputable home inspectors and help you understand the findings. For sellers, I can advise on potential repairs or improvements that could increase your home’s value and appeal. Addressing these concerns proactively reduces the risk of unexpected problems or negotiation hurdles later in the process. My guidance helps you navigate the often-complex inspection process and ensures that any necessary repairs are handled appropriately.

6. Understanding Legalities and Contracts

Real estate transactions involve a variety of legal documents and contractual obligations. In conjunction with experienced real estate attorneys, I am well-versed in the legal aspects of buying and selling homes and can ensure that all contracts are clear and enforceable. My guidance help to avoid legal disputes and ensures that your interests are protected throughout the transaction. Understanding the legal implications of various clauses and conditions in contracts is crucial for avoiding potential issues and ensuring a smooth transaction.

7. Effective Marketing Strategies

For sellers, marketing is key to attracting potential buyers. I employ a range of marketing strategies, including professional photography, online listings, social media promotions, and open houses, to showcase your property effectively. A well-executed marketing plan reduces the risk of your home sitting on the market for too long or not reaching the right audience. By leveraging my marketing expertise, I help ensure that your property stands out and attracts serious buyers.

8. Stress Reduction

Navigating the real estate market can be stressful. By handling the complexities of the process and managing communications between all parties involved, I help reduce your stress and allow you to focus on your next steps. A smooth transaction minimizes the emotional and logistical challenges often associated with buying or selling a home. My goal is to make the process as seamless and stress-free as possible, ensuring that you feel confident and supported throughout the transaction.

9. Local Network and Resources

I have established relationships with a network of professionals, including mortgage lenders, home inspectors, and contractors. This network can be invaluable in streamlining the process and providing you with trusted resources. Having access to these professionals helps ensure that all aspects of your transaction are handled efficiently and effectively. Whether you need a referral for a reliable inspector or advice on financing options, my network can provide valuable support and resources.

10. Personalized Service

Every real estate transaction is unique. I take the time to understand your specific needs and goals, tailoring my approach to fit your situation. Whether you’re buying your first home, upgrading, downsizing, or selling an investment property, my personalized service ensures that your individual needs are met and risks are managed accordingly. By providing customized solutions and attentive service, I help ensure that your real estate experience is positive and successful.

December Market Report: Home Inventory is RisingNaples, Fla. (January 30, 2023) – According to the December 2023 Market ...
01/31/2024

December Market Report: Home Inventory is Rising

Naples, Fla. (January 30, 2023) – According to the December 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), overall inventory increased 45.9 percent to 3,949 properties from 2,706 properties in December 2022. The report showed consistent monthly increases in inventory during the year, which means more options for buyers in 2024; especially in the condominium market, which reported a 78.7 percent increase in inventory. However, according to broker analysts reviewing the December report, the housing market faced several challenges in 2023: rising interest rates, rising insurance rates, and rising inflation. Brokers also point to increased personal travel in 2023 as another reason home sales lagged in 2023. As a result, closed sales in 2023 decreased 13.6 percent to 8,816 closed sales from 10,206 closed sales in 2022.

Despite the challenges, there were seven months in 2023 when new listings increased more than new listings reported in comparative months in 2022. For December, new listings increased 12.1 percent to 892 new listings from 796 new listings in December 2022. Interestingly, unlike other industries that experience a reduction in price when supply increases, the Naples area housing market enjoyed a 9.7 percent increase in overall median closed price in December to $631,000 from $575,000 in December 2022. In comparison, according to the National Association of Realtors, the median existing-home price in the U.S. increased 4.4 percent in December to $382,000 from $366,000 in December 2022.

In 2023, the Immokalee/Ave Maria area was the only geographic area tracked by NABOR® that reported an increase in single family home closed sales (+34.1 percent). Conversely, the report indicated a 24.8 percent decrease in closed sales for single family homes nearest the beach.

Rapid market advancement stopped in early 2022. On average, it takes 12 to 24 months for the market to readjust. More sellers are accepting that this phase is over. There was a 29.6 percent increase in the number of price decreases reported in 2023.

The NABOR® December 2023 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.

If you are considering buying or selling your home, look to a Naples REALTOR® who has the ability to provide an accurate market comparison and give you expert advice on how to capitalize on today’s market conditions. A REALTOR® can ensure your next purchase or sale in the Naples area is a success.

The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of over 60 years serving 8,000 plus members. NABOR® is a member of Florida Realtors® and the National Association of REALTORS®, which is the largest association in the United States with more than 1.5 million members and over 1,200 local boards of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers.

The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.

Home Prices Cool as Inventory Climbs in NovemberNaples, Fla. (December 26, 2023) – Overall inventory of homes in Naples ...
12/20/2023

Home Prices Cool as Inventory Climbs in November

Naples, Fla. (December 26, 2023) – Overall inventory of homes in Naples for November increased 38.8 percent to 3,795 properties from 2,734 properties in November 2022. Buyers have not enjoyed a level of choice since September 2020. The month also included 1,080 price decreases resulting in a 3.3 percent decrease in overall median closed price. According to the November 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), data showed the housing market is poised to enjoy healthy winter sales, but it will depend on whether sellers continue to price their homes to sell and whether buyers feel the investment is right.

The November Report showed 1,080 price decreases, the highest in six months. Price deceleration may be happening in parts of Naples as the overall median closed price dropped to $580,000 from $600,000 in November 2022. As such, November was one of four months this year that reported a decrease in median closed prices. In fact, year-over-year price decreases have not been reported since 2019.

Area builders have experienced a much slower fall sales market than what was budgeted for the fall months. Sales were lagging behind monthly budgets by approximately 25 percent, and cancellation rates on contracts have hovered around 20 percent due to the higher interest rates. Pending sales (homes under contract) in November decreased 13.8 percent to 661 pending sales from 767 pending sales in November 2022. Closed sales also decreased by 6.1 percent to 537 closed sales from 572 closed sales. Responding to this data, broker analysts reviewing the November report wonder if the Federal Reserve’s promise to lower rates in 2024 may be keeping some buyers on the fence.

The NABOR® November 2023 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.

While monthly inventory levels for single family and condominiums typically increase and decrease in a similar manner, inventory in the condominium home market in November rose by 74.5 percent compared to a 17.4 percent increase in the single family home market. Brokers reviewing the report said the rise in condominium inventory was most likely due to obstacles that prohibited sellers from listing their condominiums if it or the property encountered hurricane damage last year. In 2021 and 2022, when inventory and interest rates were incredibly low, there was more urgency to buy a home. In 2023, interest rates, property insurance rates, and property taxes rose, making the cost of maintaining or keeping a home in Florida prohibitive for many homeowners.

If you are considering buying or selling your home, look to a Naples REALTOR® who has the ability to provide an accurate market comparison and give you expert advice on how to capitalize on today’s market conditions. A REALTOR® can ensure your next purchase or sale in the Naples area is a success.

The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of over 60 years serving 8,500 plus members.
NABOR® is a member of Florida Realtors® and the National Association of REALTORS®, which is the largest association in the United States with more than 1.4 million members and over 1,200 local boards of REALTORS® nationwide.

NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers. The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics.

Address

7955 Airport Road North, Suite 103
Naples, FL
34109

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm
Sunday 9am - 5pm

Telephone

+12395937800

Alerts

Be the first to know and let us send you an email when Naples Real Estate - Mark A. Benson, PA, Keller Williams Realty Naples posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Share

Category