SERVING MARCO ISLAND, NAPLES, PORT OF THE ISLANDS & GOODLAND
WHAT'S INSIDE: AUGUST 2023
MARCO ISLAND MARKET STATS
NAPLES AREA MARKET STATS
SPOTLIGHT: POLICE CHIEF FRAZZANO
WHAT'S HAPPENING MARCO & NAPLES!
IN THE NEWS
P.2 P.3 P.4 P.5 P.6
JEFF JONES
Keller Williams Broker
Jeff Jones is a graduate of Duke University with a Masters in finance from the University of Florida. 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 averaging 3-4 months which continues to favor a sellers market.
The fact that interest rates have more than doubled in the past year
has slowed the rate of sale (also know as Absorbtion) to a rate of 1 in 5 homes in a 30 day period, even though 64% of sales were CASH buyers. Clearly our Market is 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!
2 Marco Island Market Stats MARCO ISLAND STATS 34145 July 2023 compared to July 2022 NEW LISTINGS PENDING SALES DAYS ON MARKET LAND 5 7 272 -61% 0% +1195% HOMES 35 24 58 +6% +4% +123% CONDO 32 28 57 +14% +8% +280% LAND SINGLE FAMILY CONDO MEDIAN SALES PRICE CLOSED SALES INVENTORY $1,897,000 ▲39% 93.5% | 28 ▲180% 6.6 mo. | 15% ▲61% $298,000 ▼22% 91.0% | 4 | 0% 24.5 mo. | 4% ▲9% $830,000 ▲43% 94.4% | 23 ▼4% 6.8 mo. | 11% ▲143%
EAGLE CREEK, ARTESIA, ISLES
FIDDLER'S
PORT OF ISLES,
Naples Area Market Stats 3
OF COLLIER TO LELY AREA 34113 July 2023 compared to July 2022 NEW LISTINGS PENDING SALES DAYS ON MARKET LAND 2 1 170 -50% 0% +91% HOMES 34 25 50 +36% +39% +56% CONDO 36 20 48 -3% +1% +109% LAND SINGLE FAMILY CONDO MEDIAN SALES PRICE CLOSED SALES INVENTORY $424,000 ▼10% 98.3% | 21 ▲11% 2.9 mo. | 22% ▲53%
NAPLES RESERVE, REFLECTION LAKES TO VERONA WALK AREA 34114 July 2023 compared to July 2022 NEW LISTINGS PENDING SALES DAYS ON MARKET LAND 6 3 195 -25% +200% +364% HOMES 40 35 74 +14% +75% +164% CONDO 42 29 70 +20% +38% +289% LAND SINGLE FAMILY CONDO MEDIAN SALES PRICE CLOSED SALES INVENTORY $834,000 ▲24% 96.4% | 22 ▼8% 3.7 mo. | 16% ▲48% $260,000 ▲37% 96.3% | 2 ▼67% 38.0 mo. | 3% ▲591% $607,500 ▲29% 96.3% | 25 ▼29% 3.2 mo. | 23% ▲23% $140,000 ▼82% 95.8% | 3 ▲200% 5.3 mo. | 19% ▼56% $837,000 ▼16% 93.2% | 20 ▲33% 3.5 mo. | 24% ▲17%
CREEK,
INSIDE LEADERSHIP MARCO ISLAND
TRACY FRAZZANO
MARCO ISLAND CHIEF OF POLICE
Recently, I had the opportunity to chat with Marco Island Police Chief Tracy Frazzano. If you didn’t already know, Marco Island is lucky to have such a talented and caring person at the head of our Police Department…
Tracy grew up in Montclair, NJ where her passion for public service got its roots. Her father was the Fire Chief, so at an early age, Tracy realized the impact the public service sector has on a tight-knit community and the people who serve the community. She is a graduate of Rutgers University, with degrees in Sports Management and Criminal Psychology. She attended on a full-ride athletic scholarship for softbal (unfortunately, just prior to the sport being in the Olympics).
worked her way up through foot patrol, to car detail, detective and through the ranks to become the Deputy Chief in Montclair. Her talents did not go unnoticed as she also continued to study, earning a Masters from Seton Hall as well as another from Naval Post-Grad (Homeland Security Studies). Her thesis on Mumbai-type attacks on U.S. soil earned her the opportunity to travel the country to teach Active Shooter scenarios and responses due to their similarities.
So – how did Tracy arrive on Marco Island? Believe it or not, she was down here playing golf with her husband and learned the Chief of Police position had recently become available from one of her golfing buddies that day – applied and the rest is history!
Tracy, being as athletic and competitive as she is, can often be found playing pickleball or just relaxing on the beautiful beaches on Marco. What many may not realize is she is also very playful (kid at heart!) and not afraid to be vulnerable. She loves how family-orientated and community-minded Marco Island is, so don’t be surprised to find her serving our community in other ways – above and beyond being the Chief!
And her response had nothing to do with how to handle yourself if you get pulled over (no – there will be no advice on avoiding a ticket!)… rather – she stressed how inaccurate and unreal TV shows portray the realities of being a police office. The reality is, Tracy –along with our other officers – often find themselves helping people in their darkest times… And knowing the positive impact she (and her fellow officers) has brings a joy and satisfaction that is hard for her to explain.
How does Tracy relax and unwind? Game time with family and friends, a great game of pickleball… and boxing… yes – BOXING!
Jon McLeod, Team Leader/CEO, Keller Williams Marco Island MarcoIsland@kw.com
Starting out as a COP (Community Outreach Police), Tracy quickly
Police Chief Frazzano
I asked Tracy: “What bad advice do you often hear about your career?”
4 Spotlight:
WHAT'S HAPPENING MARCO ISLAND & NAPLES
Arturo's new restaurant location is now open! It is in the Royal Palm Center on the corner of Bald Eagle & Collier. Chef Arturo Perez is a long-time restauranteur on Marco Island, and we wish him the best in his new expanded location.
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.
SIZZLE TIME!
50+ restaurants from Cape Coral down to Marco Island! September 7-27. Participating restaurants offer 3-course prix fixe dinner menu for $29, $39 or $49. Just pick from the participating restaurants & make your reservations directly with the restaurant. Restaurants will donate $1.00 per meal to Blessings in a Backpack of Southwest Florida.
Click for more events and things to do on Marco Island and in the Naples area
What's Happening Marco & Naples! 5
KELLER WILLIAMS CULTURE CORNER
KW AGENTS COLLECTED HUNDREDS OF SCHOOL
SUPPLIES FOR SHELLY’S SIMPLY SHARING. Shelly supplies approximately 125 children with backpacks filled with supplies to match their school supply list for their grade and school. She will be doing it again at Christmas so stay tuned if you can help!
FIRST RESPONDER FRIDAY
On the first Friday of every month our agents make special homemade side dishes in addition to grilled hot dogs & burgers. This past event also featured meatball subs! The turn-out has been terrific with some 50-60 Police, Sherriff's office, EMS, Fire Fighters and City employees enjoying lunch on us to thank them for their service to our community!
THANK YOU TO OUR FIRST RESPONDER FRIDAY CO-SPONSOR
CREACH Senior Mortgage Loan Officer Cross Country Mortgage, LLC 440.567.8555 ccm.com/Marc-Creach
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
MARC
marc.creach@ccm.com
