Do you have big real estate plans in Southwest Florida for 2024? Our Monthly Market Report offers an in-depth look at market trends in communities across Southwest Florida, with robust data to help you make informed decisions. Our real estate agents have an inside look at the latest data for you in our Southwest Florida Market Report for December 2023.
Southwest Florida
With 24,488 properties sold, sales in Southwest Florida were down 11.23 percent from the preceding 12-month period when 27,585 properties were sold. New listings increased 5.48 percent, from 34,652 to 36,550. The average sales price rose 2.03 percent, from $780,567 to $796,406. Inventory for Southwest Florida as of December 31, 2023, stood at 11,044 units and 5.41 months of supply.
Naples
Next up, a closer look at Naples luxury homes for sale. There were 9,228 properties sold in Naples in the most recent 12-month period, a decrease of 13.03 percent from the preceding 12-month period when 10,610 properties were sold. New listings were down 3.62 percent, from 13,167 to 12,691. The average sales price was up 2.49 percent, from $1,045,690 to $1,071,714. Inventory for Naples checked in at 3,841 units, with 4.99 months of supply.
Marco Island
Sales on Marco Island were down 6.07 percent in the most recent 12-month period, decreasing from 824 to 774 properties sold. New listings were up 13.61 percent from 1,146 to 1,302, while the average sales price was up 7.68 percent from $1,393,308 to $1,500,279. Inventory for Marco Island was 513 units and 7.95 months of supply.
Bonita Springs-Estero
With a decrease from 3,130 to 2,967 properties sold, sales in Bonita Springs-Estero were down 5.21 percent in the most recent 12-month period. New listings increased 3.72 percent, from 3,761 to 3,901. The average sales price increased 15.20 percent, from $687,041 to $791,447. Inventory for Bonita Springs-Estero stood at 1,008 units, and 4.08 months of supply.
Fort Myers
With 4,863 properties sold, sales in Fort Myers were down 13.19 percent from the preceding 12-month period when 5,602 properties were sold. New listings rose by 16.96 percent, from 6,550 to 7,661. The average sales price rose 2.90 percent, from $489,035 to $503,228. Inventory for Fort Myers was 2,139 units and 5.28 months of supply.
Fort Myers Beach
There were 386 properties sold in Fort Myers Beach during the most recent 12-month period, a decrease of 5.16 percent from the preceding 12-month period when 407 properties were sold. New listings decreased 5.85 percent, from 633 to 596. The average sales price decreased 6.72 percent, from $983,617 to $917,488. Inventory for Fort Myers Beach was 241 units, with 7.49 months of supply.
Sanibel-Captiva
Sales in Sanibel-Captiva were up 7.65 percent in the most recent 12-month period, increasing from 366 to 394 properties sold. New listings increased 46.28 percent, from 497 to 727. The average sales price decreased 25.56 percent, from $1,668,280 to $1,241,902. Inventory for Sanibel-Captiva stood at 295 units, and 8.98 months of supply.
Cape Coral
With a decrease of 11.78 percent, sales in Cape Coral were down from 6,415 to 5,659 properties sold in the most recent 12-month period. New listings were up 9.62 percent from 8,595 to 9,250, while the average sales price decreased 5.41 percent from $503,510 to $476,250. Inventory for Cape Coral checked in at 2,869 units, with 6.08 months of supply.
Pine Island-Matlacha
With 217 properties sold, sales in Pine Island-Matlacha were down 6.06 percent from the preceding 12-month period when 231 properties were sold. New listings were up 39.27 percent, from 303 to 422. The average sales price was down 20.95 percent, from $684,535 to $541,124. Inventory for Pine Island-Matlacha was 138 units, with 7.63 months of supply.
See something you like in the latest trends? Our team is here to help you accomplish your Southwest Florida real estate goals. Contact us to buy and sell homes in your favorite Southwest Florida communities.
The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. Statistics include Naples, Bonita, Estero, Fort Myers (excluding North and East Fort Myers), Fort Myers Beach, Cape Coral, Sanibel-Captiva Islands, Pine Island, Matlacha, Marco Island.
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