Naples Area Market Report Naples Area Market Report | Page 23

Local Market Update – March 2024
Local Market Update – March 2024
A Research Tool Provided by Naples Area Board of REALTORS ®

Immokalee / Ave Maria

Single Family
March
Year to Date
Key Metrics
2023
2024
% Change
Thru 3-2023
Thru 3-2024
% Change
New Listings
47
38
- 19.1 %
107
107
0.0 %
Total Sales
26
22
- 15.4 %
69
55
- 20.3 %
Days on Market Until Sale
51
88
+ 72.5 %
55
77
+ 40.0 %
Median Closed Price *
$ 474,500
$ 499,950
+ 5.4 %
$ 475,000
$ 540,000
+ 13.7 %
Average Closed Price *
$ 509,877
$ 484,394
- 5.0 %
$ 497,588
$ 513,687
+ 3.2 %
Percent of List Price Received *
96.5 %
97.4 %
+ 0.9 %
96.6 %
96.6 %
0.0 %
Inventory of Homes for Sale
96
126
+ 31.3 %
––
––
––
Months Supply of Inventory
5.4
5.7
+ 5.6 %
––
––
––
Condo
March
Year to Date
Key Metrics
2023
2024
% Change
Thru 3-2023
Thru 3-2024
% Change
New Listings
8
14
+ 75.0 %
29
38
+ 31.0 %
Total Sales
7
7
0.0 %
11
23
+ 109.1 %
Days on Market Until Sale
37
31
- 16.2 %
44
78
+ 77.3 %
Median Closed Price *
$ 344,997
$ 340,000
- 1.4 %
$ 365,000
$ 322,998
- 11.5 %
Average Closed Price *
$ 374,913
$ 321,857
- 14.2 %
$ 375,572
$ 317,413
- 15.5 %
Percent of List Price Received *
98.4 %
96.6 %
- 1.8 %
98.6 %
96.6 %
- 2.0 %
Inventory of Homes for Sale
22
27
+ 22.7 %
––
––
––
Months Supply of Inventory
8.3
4.4
- 47.0 %
––
––
––
* Does not account for sale concessions and / or downpayment assistance . | Percent changes are calculated using rounded figures and can sometimes look extreme due to small sample size .
Median Closed Price - Single Family
Rolling 12-Month Calculation
$ 800,000
Overall Naples Market Immokalee / Ave Maria
Median Closed Price - Condo
Rolling 12-Month Calculation
$ 600,000
Overall Naples Market Immokalee / Ave Maria
$ 500,000
$ 600,000
$ 400,000
$ 400,000
$ 300,000
$ 200,000
$ 200,000
$ 100,000
$ 0 1-2006 1-2008 1-2010 1-2012 1-2014 1-2016 1-2018 1-2020 1-2022 1-2024
$ 0
1-2006 1-2008 1-2010 1-2012 1-2014 1-2016 1-2018 1-2020 1-2022 1-2024
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point . If no activity occurred during a month , the line extends to the next available data point .
Current as of April 10 , 2024 . All data from Southwest Florida MLS . Report © 2024 ShowingTime Plus , LLC . | 22