Naples, Florida Real Estate Update By Neighborhood - 해변으로 가는 계단 (2023)

FAQs

Are house prices dropping in Naples FL? ›

How the Naples Housing Market Evolved in 2022. As 2022 progressed, the Naples housing market saw prices peak in the Spring, and decreased slightly as we approached the Winter holiday season. However, the decrease was not as significant as we've seen in other Florida markets.

The median list price of homes in Naples, FL was $799,000 in May 2023 , compared to $745,995 in 2022. In May 2023, Naples, FL, was a seller's market, which indicates that there were more people looking to buy than available homes.

Where are the hottest real estate markets in Florida? The three most expensive markets in Florida to buy a house at the end of 2022 were Sarasota, Miami and Fort Lauderdale, according to the Council for Community and Economic Research's Cost of Living Index.

Overall, the Florida housing market is likely to remain strong in 2023, with continued demand for homes and steady price growth.

In conclusion, the Naples housing market is experiencing significant growth, with home prices increasing by 16.7% compared to last year. Although the market is not very competitive, buyers may still have to be patient and strategic when looking for a home in the area.

Naples is the best of the best emerging real estate markets in America. The strong job market makes for a low unemployment rate, and price growth has established a competitive market. If you want to get involved in this growing and lucrative market, there are a few things you can do.

With a median household income of $118,240, Naples, located on the western side of the state, is also one of the wealthiest cities in Florida.

The 34102 zip code—which includes Port Royal, Royal Harbor, Aqualane Shores, Coquina Sands and Old Naples (see map below)—is the 15th-richest in the country, with an average income of close to $700,000. It also ranked as the third-richest in Florida, behind Palm Beach (33480) and Miami Beach's Fisher Island (33109).

Via Caracciolo is one of the most pleasant streets in Naples, stretching alongside the coastline.

What is the safest Neighbourhood in Naples? ›

The safest areas of Naples are Centro Storico (the historic city centre), Piazza del Plebiscito, Borgo Orefici and Molo Carlo Pisacane (Naples' port). In general, you'll be safe everywhere in Naples, just avoid the Quartieri Spagnoli and the area around the Central Railway Station late at night.

Are home prices in Florida dropping or rising? Over the past few years, home prices in Florida have skyrocketed. Per Redfin data, in the middle of 2020, the median sale price was $275,600 — by April 2023, that figure had jumped to $400,800.

The Villages has the lowest county violent crime and property crime rate in Florida. What is the safest area to live in Florida? According to our research, the three safest cities in Florida are The Villages, Palm Coast, and Riverview.

If you need to be occupying your home by a certain date to save on rent, it's a much better deal to close at the end of the previous month (for example, January 30) instead of the beginning of the current month (February 1).

Chief Economist at First American Financial Corp, Mark Fleming, says an interest rate drop may not happen for several months. "Possibly in 2024, but it will depend on the Fed's decisions about raising rates in the second half of the year," says Fleming.

Tampa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

The Naples, Florida real estate market has seen significant growth over the past few years with rising home values and sales. Although the dramatic increases seen in 2021-2022 have slowed, the trend is still rising home prices and values, making purchasing a home in Naples, Florida a solid investment.

As a resident of Naples, you may expect average daily highs (in the low 90s) in summer and highs of 70s during the winter season. The average lows in Naples do not fall below the low 50s in winter. These friendly weather conditions make Naples a comfortable place to start your retirement years.

While the city is known for its high-end shops, residents can also find numerous free activities. The location on the Gulf Coast provides many opportunities for outdoor recreation and enjoying nature. Residents can find many excellent and iconic restaurants at affordable prices.

What are the cons of Naples Florida? ›

Naples is still a hot place to live for more than just the temperature. The Southwest Florida city ranked No. 6 — down from No. 2 last year — in the U.S. News and World Report's list of The 10 Best Places to Retire in the U.S. in 2022-2023.

The city of Naples, perched on the Gulf of Mexico in Southwest Florida, is famous for its high-end shopping, world-class arts and culture, and sophisticated dining, family fun, and wild outdoors.

1 on the list is Indian Creek Island Road on Indian Creek Island in Biscayne Bay. The median home value there is $21.5 million and residents include Denzel Washington and Eddie Murphy.

Port Royal Leads the Nation in Luxury Living

It's also one of the priciest areas in the country. This ultra-luxury community is about two square miles set between the Gulf of Mexico and Naples Bay. Since it was constructed in the late 1950s, Port Royal has been one of Naples' most famous communities.

Shahid Khan, others on Forbes billionaire list. Shahid Khan, 72, has kept his long-running crown as the richest person in Naples and the region.

In 2023, experts forecast that the Florida home prices may fall down to 20%. Mortgage Rates Have Almost Doubled: Mortgage rates almost doubled from April 2021's 3.12% to 6.27% for the week ending on April 13, 2023. Sellers are Coming Back, but Slowly: The number of listings dropped by 14.9% in March 2023.

Are home prices in Florida dropping or rising? Over the past few years, home prices in Florida have skyrocketed. Per Redfin data, in the middle of 2020, the median sale price was $275,600 — by April 2023, that figure had jumped to $400,800.

Florida is expensive because of its popularity among retirees and tourists. Retirees often have disposable income and spend it on activities like golfing, fishing, and boating. Additionally, housing, food, and healthcare costs are higher in Florida compared to other states.