Gabriele H. Vretta, PA
Broker Associate, CIPS, GRI, SFR, CRS
Certified International Property Specialist
Languages: English, German
(239) 784-0249
Gabriele@GVLuxuryProperties.com
www.GVLuxuryProperties.com
Note: When referring to “pre-pandemic” trends, we are citing the average for 2017, 2018, 2019, each year having reflected balanced market conditions.
Closed sales for the 12-month period ending June 12, 2023 were down 28% from the preceding 12-months, from 33,577 to 24,054. The 2,714 sales posted for the month of June were down 19% when compared to June of 2022, and down 11% compared to pre-pandemic levels.
As of June 30, 7,654 properties were available, up 49% from the same date last year and static compared to last month. New listings for the 12-month period ending June 30 were down 10% from the preceding 12-months, from 36,842 to 33,286. For the month of June, new listings were down 18% from the same period in 2022, and down 8% from the pre-pandemic pace. 3.82 months of supply was posted as of June 30, up 109% from June 2022 when months of supply was an unusually low 1.83 months.
The average selling price for the 12-month period through June 30 was $793,708, up 10% from the preceding 12-month period when the average selling price was $724,022.
Year-to-date through the second quarter, closed sales in Southwest Florida were down 4% compared to prepandemic norms and down 20% compared to the first half of 2022, the early part of which was still influenced by the pandemic surge. At 7,654 units as of June 30, standing inventory remains low compared to historical norms and only increased by 4.5% during the second quarter. In spite of this, buyers currently have more options than at any point over the past 30+ months; a factor that is contributing to a steady and brisk pace of sales. This steady pace of sales combined with a lower than usual yet stable standing inventory has allowed for continued year-overyear gains in the 12-month average sales price, with a 10% increase posted as of June 30.
Through the second quarter, John R. Wood Christie’s International Real Estate continues to lead the market in Southwest Florida! John R. Wood also holds the top position in closed sales volume in the Bonita-Estero, Naples, Fort Myers, Fort Myers Beach, and Pine Island-Matlacha markets!
*Broker rankings according to SWFLA MLS. All rankings are for residential improved property excluding manufactured housing. Southwest Florida ranking includes Lee and Collier Counties.
