Terri Pascarelli, Realtor at MVP Realty
Terri Pascarelli, Realtor at MVP Realty
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March 2024 | Naples FL Area Real Estate Market Update
March 2024 Naples FL Area Real Estate Market Update
#housingmarket #housingmarketinsights #naplesfl #swflorida #homebuyers #homesellers
This winter season has been one where the recent trends continue to influence the greater Naples FL area Real Estate Market. Let’s look at what was impacting the residential real estate market in March 2024.
Welcome back to the channel. I’m Terri Pascarelli, with MVP Realty. Today I’ll share the most recent real estate information for both for sellers and buyers in the greater Naples FL real estate market based on our most recent data, which is the March 2024 market activity.
As we review March 2024 in the greater Naples FL Area real estate market, I’ll refer to data that come from analyses done by the Naples Area Board of REALTORS®, which tracks home listings and sales within Naples and Collier County (excluding Marco Island).
Two big themes remained in play as we started wrapping up the winter season in the greater Naples area. First, home values remain strong and second, available home listings are still expanding.
These combine to give the greater Naples FL area housing market a positive combination that continues to attract sellers and buyers. In terms of the continuing increase in active residential listings, March 2024 brought a 67.6 percent increase over active listings in March last year. Meanwhile, even with notably more inventory, the median closed sales price increased 6% over March 2023, rising to $649,000.
There are a wide range of home types in the great Naples FL area - across condos, townhomes, villas and single family homes, This provides something for many different buyers. And it continues to provide fuel to a strong luxury segment of the market. The steady growth of home property values is driving sales.
Interest rates haven’t slowed these buyers down to any great extent. The appreciation of home values over recent years has more influence for a number of area buyers who rely on lower loan-to-value ratios than some other parts of Florida or around the US, and due to the continuing strong impact of cash sales. Cash offers on homes are typically high in the greater Naples FL area, and those numbers surged again in March to a total of 63% of the reported transactions in March 2024.
Naples FL Real Estate Market Activity Infographic for March 2024:
drive.google.com/file/d/1kb226iceIhiPrmLQl1-1DR-m04Cu9V9N/view?usp=share_link
Let's discuss your situation as a seller or a buyer in SW Florida! My contact information is below.
On this channel, I share all about living/working/playing in Southwest FL. I'll help you get the most from selling and buying residential real estate in SW Florida.
Don't miss out on any of my videos about buying or selling real estate and LIVING in SW Florida! Subscribe today!
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📲 We have so many people contacting us who are moving here to Naples Florida and we ABSOLUTELY love it! Honestly, if you are moving or relocating here to Naples or Southwest Florida, we can make that transition so much easier for you!!
Reach out Day/Evenings/Weekends whenever you want, I'm here working for you!! I'm standing by to expedite your request!!
Contact me: Terri Pascarelli, MVP Realy
📲 Call/Text Direct at (239) -300-6047
📲 Email: TerriPNaplesHomes@gmail.com
FL license #3461339
Learn More about Naples Florida and Southwest Florida Here:
www.naplesgov.com
en.wikipedia.org/wiki/Naples,_Florida
www.visitflorida.com/en-us/cities/naples.html
www.paradisecoast.com
www.naples-florida.com
www.naplesnews.com
www.tripadvisor.com/Tourism-g34467-Naples_Florida-Vacations.html
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Komentáře

  • @PianoMatronNeeNee
    @PianoMatronNeeNee Před 2 měsíci

    Great info ❤thank you. I’m in West Palm Beach and the buyers seem to have gone away. I’m worried we’re heading into a “market softening “.

    • @rtpnapleshomes
      @rtpnapleshomes Před 2 měsíci

      Thanks for sharing your feedback and experience from the east coast of FL. Thanks for watching -

  • @johnkatrich2954
    @johnkatrich2954 Před 2 měsíci

    Can’t wait to see April and May data. Should be interesting. Things are really softening up.

    • @rtpnapleshomes
      @rtpnapleshomes Před 2 měsíci

      Thanks for sharing your thoughts about the residential market.

  • @fivestarconstructionllc7430

    Did I miss the asking price

    • @rtpnapleshomes
      @rtpnapleshomes Před 3 měsíci

      Good question, thank you. In any real estate offering, the sellers may decide to adjust their list price. The video episode can quickly become outdated and not helpful to buyers who are researching properties like these. All of our contact information is in the link below each video episode, so I encourage our customers to reach out to me at anytime and we can review all the current offer details as communicated by the sellers.

  • @alp6244
    @alp6244 Před 4 měsíci

    Good r.e. market info! I’ve been told there’s an “old” Naples. Where exactly is that area located? I’d love to hear about Naples’ history; it’s formative years.

    • @NextWaveCruising
      @NextWaveCruising Před 4 měsíci

      Thank you for your feedback. Your question is a good one - there is an area known as Olde Naples which is at & around the 'downtown' area. That puts it near the water and near Rte 41/Tamiami Trail in the area originally developed into what became the city of Naples.

  • @giorgioalbonetti2569
    @giorgioalbonetti2569 Před 5 měsíci

    in the summer i il be there, wonderful placf

  • @ninaclock1498
    @ninaclock1498 Před 6 měsíci

    Thanks for the update!

  • @reikorenfro7500
    @reikorenfro7500 Před 6 měsíci

    Our “day at the beach” is just around the corner, thanks to you and Rich! ☺️🫶🏻 0:50

    • @rtpnapleshomes
      @rtpnapleshomes Před 6 měsíci

      Yeah! We're so glad for you that you should be enjoying 'winters' in SWFL soon!

  • @johnkatrich2954
    @johnkatrich2954 Před 6 měsíci

    Wait until December stats come in? Listings are surging and price cuts are prevalent

  • @koolkatss4854
    @koolkatss4854 Před 9 měsíci

    Great info. Thanks for sharing.

    • @rtpnapleshomes
      @rtpnapleshomes Před 9 měsíci

      Thank you for your feedback, @koolkatss4851! And thanks for watching

  • @jerryblackburn7062
    @jerryblackburn7062 Před 10 měsíci

    Enjoy your videos!

    • @rtpnapleshomes
      @rtpnapleshomes Před 10 měsíci

      Thank you, Jerry - I'm glad you are enjoying the videos and appreciate your feedback! Have a terrific week.

  • @christineespinal6638
    @christineespinal6638 Před 10 měsíci

    That was extremely helpful!!! Thank you for this video.

    • @rtpnapleshomes
      @rtpnapleshomes Před 10 měsíci

      Hi Christine! You're welcome - thanks for watching. I hope you're doing well!

  • @johnkatrich2954
    @johnkatrich2954 Před 10 měsíci

    Helpful beyond compare!

  • @tlo6722
    @tlo6722 Před 10 měsíci

    Goals.

  • @naturalearthvideo
    @naturalearthvideo Před 10 měsíci

    good job

    • @rtpnapleshomes
      @rtpnapleshomes Před 10 měsíci

      Thank you for your feedback. Thanks for watching the channel!

  • @johnkatrich2954
    @johnkatrich2954 Před 10 měsíci

    Another great update!

    • @rtpnapleshomes
      @rtpnapleshomes Před 10 měsíci

      Thank you for watching the channel, and thanks for the feedback - appreciate it!

  • @nicholeschwab8056
    @nicholeschwab8056 Před 11 měsíci

    Thank you for these videos they’re so beautiful! We come down from South Carolina every February to Naples. We are hoping one day to have a second home there. I was curious to know if clam passes bathrooms were back open since the hurricane last year? when we were there last February they were still closed.

    • @rtpnapleshomes
      @rtpnapleshomes Před 10 měsíci

      Hi, thank you so much for checking out our video series about the Naples beaches! You ask great question. I thought the Clam Pass restrooms were open based on how many people were spending the day at that beach, however, I didn't actually walk into one, so I'm not 100% sure. I would suggest you check online or call the Collier County Parks & Rec department to check on availability of specific facilities.

    • @nicholeschwab8056
      @nicholeschwab8056 Před 10 měsíci

      @@rtpnapleshomes Will do! Thank you!

  • @doycarter884
    @doycarter884 Před 11 měsíci

    Beautiful ❤

    • @rtpnapleshomes
      @rtpnapleshomes Před 11 měsíci

      I agree! The summer mornings at the beach have been beautiful! Feeling very fortunate to have the beaches close by.

  • @jerryblackburn7062
    @jerryblackburn7062 Před 11 měsíci

    Enjoy your videos! This was a great one!!

  • @jerryblackburn7062
    @jerryblackburn7062 Před 11 měsíci

    Enjoy your videos! This was a great one!!

    • @rtpnapleshomes
      @rtpnapleshomes Před 11 měsíci

      Glad you enjoyed this video - and Thank You for your feedback!

  • @johnkatrich2954
    @johnkatrich2954 Před 11 měsíci

    This was a very fantastic video! Thanks for doing it.

    • @rtpnapleshomes
      @rtpnapleshomes Před 11 měsíci

      Thanks for your comment & feedback - we appreciate it! This was a fun episode to work on. 😎

  • @xxxcloudyavaxxxroadto100
    @xxxcloudyavaxxxroadto100 Před 11 měsíci

    very pretty!

  • @johnkatrich2954
    @johnkatrich2954 Před 11 měsíci

    Can you tell me approximately what the fee is to go on that cruise and what kind of food is served? Thank you

    • @rtpnapleshomes
      @rtpnapleshomes Před 11 měsíci

      Hi John, thanks for watching! Actually I put the link to Naples Princess in the description to my video: www.naplesprincesscruises.com That way you can see what the food offerings are - they have several different options, you can see the schedules and prices depending on which day/time tour you select. Since that can change and I wouldn't know about it, I think it's best to let you access the info directly from the folks at Naples Princess. We had hot & cold heavy hor d'oeuvres and when I booked they offered various dinner options including prime rib and beef tenderloin - depending on what day someone goes on the tour! Hope that reference helps you decide! They may periodically offer Groupon rates, too - perhaps for the afternoon cruises? Could be worth checking with Groupon, too.

    • @johnkatrich2954
      @johnkatrich2954 Před 11 měsíci

      @@rtpnapleshomes awesome. Thanks for the info.

  • @MariaVeronica14
    @MariaVeronica14 Před rokem

    Great video! I love watching you and your husband. You are adorable. I'm not sure if you are taking suggestions, but I have a few requests for future content videos about topics I'd really like to know more about. I will be searching for a home in Naples in the future. Having on-site dining is very important to me. When I review listings online, very often in the description a few amenities are listed and then I see the phrase "...and there are many more", or "too many to list". I spend a lot of time trying to figure out if the listing has the amenities that I want. Can you make a video comparing amenities of some of the most popular communities? Also, some of the communities have different types of memberships such golf memberships or social memberships. I've learned that purchasing these are optional in some communities, and in others they are deeded with the home. It's a lot to navigate when trying to narrow down the best community to choose. I find that to be a bit confusing. Can you make a video explaining more about that? Lastly, I saw a video you made about a favorite breakfast spot you enjoy. It was a wonderful video. More videos about local hot spots and activities would be great.

  • @stevegibson6483
    @stevegibson6483 Před rokem

    I find tour videos such as this one to be very helpful. Thanks.

  • @WVP4483
    @WVP4483 Před rokem

    Hi Terry & Rich. I have been watching many videos about relocating to Florida. Especially about Naples. I am a bit concerned about all the news we keep hearing about Property Insurance companies moving out of Florida or the outrageous increses in home policies. Can you please advice. We are thinking of relocating to Florida from the NorthEast. Thank you for the great video.

    • @rtpnapleshomes
      @rtpnapleshomes Před rokem

      Thanks for your feedback and question, William. Homeowners property insurance is something we always recommend our customers research before they put in an offer for a home. There are many variables, some of which may not pertain to a specific property/community. There may be some insurance companies that no longer write policies in Florida, yet there are a number of insurance providers that our local SWFL home insurance experts can discuss with our customers. This will be quite a generalization, as I don't know where you are in the North East . . .however, you may currently have higher property taxes and personal property taxes, along with state income tax, which might be different in Florida, whereas, it's possible you'll have more investment in homeowners insurance in FL. Definitely check with a well-regarded LOCAL Florida home insurance company early in the process.

    • @WVP4483
      @WVP4483 Před rokem

      @@rtpnapleshomes Terry & Rich. Thank you for your respone. I currently live in New Jersey, A townhome complex with HOA fees. The property Taxes are a bit over $9,000.00 and Property insurance is a bit over $1,000.00. We are looking to relocate to Palm Coast Florida, near San Augustine. There is a lot of growth in that area and prices seem to be comfortable. My worry is related to so many news I hear about insurance companies pulling out of Florida.

  • @hex6566
    @hex6566 Před rokem

    Another great video of Naples ! Thanks

  • @johnkatrich2954
    @johnkatrich2954 Před rokem

    You did an absolutely excellent job on this video. Love it!

    • @rtpnapleshomes
      @rtpnapleshomes Před rokem

      Thank you, John! Thanks for watching & we really appreciate your feedback. We enjoyed taking the Naples Trolley Tour and definitely recommend it!

  • @larryjohnson4982
    @larryjohnson4982 Před rokem

    Great info as always!

  • @rosemarytrick8931
    @rosemarytrick8931 Před rokem

    Naples is a wonderful place. We visited our parents and decided to move our family there too! Thanks for your help, the kids love it here!

  • @ninaclock1498
    @ninaclock1498 Před rokem

    Thats a great place, nice video!!

  • @user-jj3kh6dr1z
    @user-jj3kh6dr1z Před rokem

    Thanks for the tip, we are going to the independence fireworks!

    • @rtpnapleshomes
      @rtpnapleshomes Před rokem

      The Naples 4th of July Fireworks at Paradise Coast Sports Complex & Entertainment Center is a NEW location this year. Lots of room! Enjoy -

  • @georgeshort
    @georgeshort Před rokem

    Thanks for the fun information about Naples and the latest trends!

  • @user-jj3kh6dr1z
    @user-jj3kh6dr1z Před rokem

    Great information especially for us newcomers. We are glad we found you,!

    • @rtpnapleshomes
      @rtpnapleshomes Před rokem

      Thanks @Chatlie B, I appreciate your feedback! I'm glad you found some helpful information in this video. Have a good summer!

  • @NextWaveCruising
    @NextWaveCruising Před rokem

    When is the hurricane sales tax holiday?

    • @rtpnapleshomes
      @rtpnapleshomes Před rokem

      Great question! Typically the hurricane (disaster-preparedness) sales tax holiday is late May through the first week or so of June. Hope that helps!

  • @mamun_seo_specialist_pro

    Beautiful place

  • @paulkenny267
    @paulkenny267 Před rokem

    It is hard to believe prices will not drop significantly. Insurance premiums are skyrocketing and in many cases home buyers simply cannot afford the premiums. Then condo owners are facing massive increases when FL requires reserves be set up for deferred repairs. Condo owners are having issues selling condos as these increasing HOA fees are serious deterrents to buyers. Add in another projected .50 rate increase by the Fed and I would advise buyers to wait out the market Terri as I believe the worst is yet to come sadly.

  • @toddlempe1454
    @toddlempe1454 Před rokem

    thank you for the interesting input and content 👍

    • @rtpnapleshomes
      @rtpnapleshomes Před rokem

      Hi Todd! Happy Holidays! Thanks for your feedback - it's great to hear from you. All the best, Terri & Rich

  • @johnkatrich2954
    @johnkatrich2954 Před rokem

    September is irrelevant. Dynamics are now unimaginably changed. October report will tell the tale. Park shore drive is destroyed remember?

  • @DixieKurtz
    @DixieKurtz Před rokem

    My parents used to live there. They are both gone now. They’d be so upset if they were here. 💔

  • @Gooddog1
    @Gooddog1 Před rokem

    Thanks for the analysis, home insurance for those insured under insured or not at all will make decisions difficult. Rising interest rates unless you are a cash buyer will deter many from purchasing. The human phycological is the unknown for many in this area that is not really measurable that easy. Time will tell what the trend will be in this area.

  • @MrsCalabresesTeachingChannel

    Southwest Florida you are in our prayers, we love you. You are Americans and the USA stands with you. Many have lost everything and our hearts are broken for you. Thank you for this video.

  • @owenoone9445
    @owenoone9445 Před rokem

    I’m glad you didn’t sustain much damage. But Naples took some beating. FL is a lifestyle but I guess it comes with the price. I wish you a speedy recovery. Keep us posted.

  • @FallenKatts
    @FallenKatts Před rokem

    Delmar is now open for dinner?

    • @rtpnapleshomes
      @rtpnapleshomes Před rokem

      Hi Shaloma - when we were downtown a few days ago, there was a sign on Delmar's front door saying they were opening at 4pm for dinner. They have a Facebook post from October 5th that says they're open for dinner & would honor prior reservations and take Walk-ins. . . on Oct 5th when they posted to Facebook, they didn't have phone service or internet. Their website appears to be taking reservations through Open Table . . .I don't know if the phone service has been restored yet.

  • @owenoone9445
    @owenoone9445 Před rokem

    Very sad to see.

    • @rtpnapleshomes
      @rtpnapleshomes Před rokem

      It is very devastating to a number of people and businesses. What is encouraging is the resilience of people and the willingness of individuals and businesses (small and large) to come together to try to help others get through each day and work on next steps, whatever that requires. It will be a long road back for parts of SW Florida.

  • @judicialo2039
    @judicialo2039 Před rokem

    Katrina. Lived NOWHERE NEAR ANY BEACH/COAST. Lower middle class neighborhood in Jefferson Parish. My home of 27 years. My home flooded because Aaron Broussard turned off the pumps that were supposed to protect us from that very rain. RAIN. No beach, no surge, just a ruined home. Who would be surprised that a hurricane would affect a COASTAL area? Would push the GULF into the very shore you chose. Duh. Your choice.

  • @kateh.7868
    @kateh.7868 Před rokem

    Any word on Buzz’s Lighthouse restaurant on Gulfshore across from Vanderbilt Beach Resort? On this recent tour you turned around just before it’s parking lot.

  • @daphnemead
    @daphnemead Před rokem

    Thank you for the updates. See you in December God Bless

  • @christinadaily185
    @christinadaily185 Před rokem

    I live in Naples Park and I would say that we made out very well. Very lucky in my opinion.

    • @rtpnapleshomes
      @rtpnapleshomes Před rokem

      People are working hard to get this sorted out . . and compared to communities to the north of Naples, most people are doing OK ... my heart goes out to those who did lose so much and have hardships . . . in Naples Park and everywhere in SW Florida. 🙏

  • @matt7904
    @matt7904 Před rokem

    Love your videos. Very informative

    • @rtpnapleshomes
      @rtpnapleshomes Před rokem

      Thank you very much for your feedback, and thanks for watching -

  • @matt7904
    @matt7904 Před rokem

    I’m wondering if property value now will be effected? What’s your take on this. Thx from south jersey