Marco Island & Naples Area Update OCTOBER 2023

SERVING MARCO ISLAND, NAPLES, PORT OF THE ISLANDS & GOODLAND

WHAT'S INSIDE: OCTOBER 2023 P.2 MARCO ISLAND MARKET STATS P.3 NAPLES AREA MARKET STATS P.4 SPOTLIGHT: PORT OF THE ISLANDS P.5 WHAT'S HAPPENING MARCO & NAPLES! P.6 IN THE NEWS

JEFF JONES Keller

Williams

Broker Jeff Jones is a graduate of Duke University.

With several local attorneys, Broker Jeff is instrumental in writing and updating all the real estate contracts used in the Naples and Marco Island area. He is a past president and long-time board member of the Naples Area Board of Realtors. He has been a Florida Broker and Realtor since 2007.

The SW Florida real estate market remains quite stable with prices holding firm and showing no signs of any significant downturn. This is largely due to a significant lack of supply with average months of supply still averaging 3-4 months which continues to favor a seller’s market.

However, the average days on the market has increased steadily as a result of more choices for Buyers being added to the market.

The Marco Island and Naples surrounding areas activity has improved steadily over the past few months resulting in an increase in

MARCO ISLAND STATS LAND

Closed Sales, New Listings, and Pending Sales over the same period in 2022.

However, specifically the Marco Island single family and Condo markets slowed considerably in September with significant increases in inventory levels and Days on Market thus making list pricing critical to facilitate showings and offers.

Our Market is significantly neighborhood dependent and thus using a Realtor® familiar with local conditions is essential to listing or buying your Home with the best possible value and results!

34145 Sept. 2023 compared to Sept. 2022

HOMES

CONDO

NEW LISTINGS

12

-29%

30

+3.40%

53

+130%

PENDING SALES

6

+200%

16

+23%

25

-7%

DAYS ON MARKET

99

-56%

97

+34%

94

+88%

MEDIAN SALES PRICE

LAND

HOMES

CONDO

$395,000 ▼20%

$1,350,000 ▼32%

$700,000 ▲22%

CLOSED SALES

2

▼67%

35

▲119%

25

▲19%

INVENTORY

48

▲206%

5.4

▲71%

6.6

▲128%

SEPTEMBER CASH SALES VS FINANCING MARCO ISLAND 60% CASH

2 Marco Island Market Stats

EAGLE CREEK, ARTESIA, ISLES OF COLLIER TO LELY AREA LAND

34113 August 2023 compared to August 2022

HOMES

CONDO

NEW LISTINGS

2

+100%

25

+19%

40 +122%

PENDING SALES

0

0%

16

+14%

35

+94%

DAYS ON MARKET

0

-100%

38

+15%

71

+51%

LAND

SINGLE FAMILY

CONDO

$820,000 ▼-41%

$460,000 ▼-5%

MEDIAN SALES PRICE

0

▼-100%

CLOSED SALES

0

0%

21

▲17%

27

▲50%

INVENTORY

12

0%

3.2

▼-11%

3

▲50%

AUGUST CASH SALES VS FINANCING NAPLES 69% CASH

FIDDLER'S CREEK, PORT OF ISLES, NAPLES RESERVE, REFLECTION LAKES TO VERONA WALK AREA 34114 August 2023 compared to August 2022 LAND

HOMES

CONDO

NEW LISTINGS

2

+100%

50

+79%

33

+10%

PENDING SALES

0

0%

28

+33%

20

-23%

DAYS ON MARKET

0

0%

75 +178%

59

+74%

LAND

SINGLE FAMILY

CONDO

$925,000 ▲25%

$515,000 ▲18%

MEDIAN SALES PRICE

0

0%

CLOSED SALES

0

0%

29

▲45%

25

▲25%

INVENTORY

12

0%

4.3

▲59%

3.3

▲18%

AUGUST CASH SALES VS FINANCING NAPLES 57% CASH

Naples Area Market Stats 3

"PORT OF THE ISLANDS”

YOUR WATERFRONT PARADISE SUNRISE TO SUNSET coastline. Whether you head southeast towards Everglades National Park or northwest towards Goodland and Marco Island, you'll find waterfront restaurants and scenic views waiting to be discovered.

Welcome to the tranquil oasis and hidden gem called "Port of the Islands". Located along the Faka Union River this picturesque waterfront community is nestled amidst the natural beauty of the Ten Thousand Islands and the Gulf of Mexico, where waterfront living seamlessly combines with convenience and a range of exciting amenities.

Whether you're in search of a Luxury Single family home with breathtaking wide open water views, or a spacious twoor three-bedroom waterfront condo, where most include a single car garage and boat slip, or simply a one-bedroom efficiency unit near the water, Port of the Islands promises some of the best waterfront values in all of Collier County.

4 Spotlight: Port of the Islands

One of the standout features of Port of the Islands is its Luxury Marina, complete with a public boat ramp and a well-stocked ship store. For those seeking adventure on the water, daily boat tours, fishing charters, and kayaking tours are readily available.

Hotel accommodations are conveniently situated for both residents and guests, and 24-hour Fire and EMS services ensure the safety and well-being of the community.

The Faka Union River acts as a gateway to the Gulf of Mexico through the renowned Ten Thousand Islands.

Fishing enthusiasts will be thrilled with the proximity to some of the best fishing spots, while the abundance of nearby beaches invites exploration along the

For those who relish outdoor activities beyond the water, Port of the Islands offers hiking and biking trails, a public shooting range, and two nearby public golf courses. Should you need to stock up on supplies you will find a Publix supermarket just a 12-minute drive up Highway 41 along with many restaurants and shopping areas. Marco Island is a mere 20-minute drive away, while downtown Naples can be reached in approximately 30 minutes, ensuring easy access to a world of premium amenities.

In your quest for a slice of paradise come visit Port of the Islands offering a perfect blend of tranquility and convenience, this waterfront community is an opportunity worth considering.

Port of the Islands stands out as a golden nugget waiting to be uncovered. Embrace the beauty and charm of the coastline, revel in outdoor adventures, and experience the best of both worlds in this remarkable enclave. Discover Port of the Islands, your gateway to your waterfront paradise.

WHAT'S HAPPENING MARCO ISLAND & NAPLES You may have heard on Marco that the Snook Inn has re-opened, remodeled and better than ever! Also 844 Gulf and Prime Restaurant is now open at 844 Bald Eagle Drive!

Christmas Island Style fundraiser Ho-Ho-Ho October 28 6-9 PM at the Marco Lutheran Church. Enjoy a night of games, drinks & food and support island holiday festivities!

More info: christmasislandstyle.com Marco Island Center for the Arts now also manages the theater next to Marco Island Brewery in Towne Center called Arts Center Theater. On Sunday, October 29 at 7:30 PM Bob Lauver Comedy/Hypnotist What happens when you combine a professional touring comic with a stage hypnotist? You get an unforgettable night of laughter and amazement!

Also playing October 25 – November 12 is The 39 Steps Mix a Hitchcock masterpiece with a juicy spy novel, add a dash of Monty Python and you have the intriguing, thrilling, riotous and unmissable comedy.

At the Center for the Arts, located at 1010 Winterberry Drive, there is a Bourbon Tasting November 16th to highlight the Natural Elements Exhibit October 9-November 21 For more information on all of these and many more Arts events and shows visit https://www.marcoislandart.org For up-to-date live music, events and restaurant information on Marco Island... Download the convenient Marco Review app on your cell phone from the app store ArteViva Exhibition events November 2-21. A celebration of Hispanic Arts and Culture on Florida's Paradise Coast.

Click for events in Collier Pinchers Tin City 2023 Stone Crab Festival October 27-29 Click for details

Artis Naples International Film Festival October 26-29 Click for info: Naples International Film Festival 2023 / Artis—Naples (artisnaples.org)

The Seasonal events are here! Click for many more events and things to do on Marco Island and in the Naples area

What's Happening Marco & Naples! 5

KELLER WILLIAMS CULTURE CORNER FIRST RESPONDER FRIDAY. Oktoberfest theme with grilled brats and all the homemade fixings! Close to 100 Police, Sherriff's office, EMS, Fire Fighters & City employees enjoyed the beautiful October day.

FIRST RESPONDER FRIDAY CO-SPONSOR

KELLY REBIMBAS Mortgage Loan Officer 239.273.5239

Page 1 photo courtesy of Joey Waves. To purchase his beautiful photography, art and books or to schedule a personalized photography session visit www.JoeyWaves.com