SERVING MARCO ISLAND, NAPLES, PORT OF THE ISLANDS & GOODLAND
WHAT'S INSIDE:
SEPTEMBER 2023
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MARCO ISLAND MARKET STATS
NAPLES AREA MARKET STATS
SPOTLIGHT: SEPTEMBER 11TH REMEMBRANCE
WHAT'S HAPPENING MARCO & NAPLES!
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 Market for Marco Island and surrounding areas has improved steadily over the past few months resulting in an
increase in Closed Sales, New Listings, and Pending Sales over the same period in 2022. The Marco Island single family home market has begun to rebound with improved sales and lower inventory levels now that the rental regulation statute passed last summer will not take effect as originally planned.
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!
FINANCING
2 Marco Island Market Stats
MARCO ISLAND STATS 34145 August 2023 compared to August 2022 NEW LISTINGS PENDING SALES DAYS ON MARKET LAND 8 7 313 -50% -13% +347% HOMES 27 35 81 -4% +60% +80% CONDO 41 32 66 +8% +7% +74% LAND SINGLE FAMILY CONDO MEDIAN SALES PRICE CLOSED SALES INVENTORY $1,330,000 ▼24% 93.5% | 28 ▲8% 5.8 mo. | 17% ▲42% $775,000 ▲5% 91.0% | 7 ▲17% 13.3 mo. | 8% ▼6% $612,000 ▼6% 94.4% | 34 ▲8% 6.1 mo. | 17% ▲103%
MARCO ISLAND 61% CASH AUGUST CASH SALES VS
EAGLE
ARTESIA, ISLES
FIDDLER'S CREEK, PORT OF ISLES, NAPLES
Naples Area Market Stats 3
OF COLLIER TO LELY AREA 34113 August 2023 compared to August 2022 NEW LISTINGS PENDING SALES DAYS ON MARKET LAND 2 1 204 -50% 0% +100% HOMES 22 24 43 -24% +50% +97% CONDO 46 33 65 +25% +32% +160% LAND SINGLE FAMILY CONDO MEDIAN SALES PRICE CLOSED SALES INVENTORY $612,500 ▲5% 95.9% | 31 ▲3% 3.0 mo. | 31% ▲43%
CREEK,
RESERVE, REFLECTION LAKES TO VERONA WALK AREA 34114 August 2023 compared to August 2022 NEW LISTINGS PENDING SALES DAYS ON MARKET LAND 5 0 3 -58% -100% +97% HOMES 52 31 59 +8% -28% +97% CONDO 32 31 53 +20% +32% +66% LAND SINGLE FAMILY CONDO MEDIAN SALES PRICE CLOSED SALES INVENTORY $841,725 ▲20% 96.4% | 34 ▲55% 3.8 mo. | 24% ▲52% $350,000 ▲157% 97.0% | 1 ▼50% 66 mo. | 2% ▲300% $597,500 ▲31% 96.3% | 38 ▲19% 3.1 mo. | 36% ▲15% $1,700,000 ▲100% 81.0% | 1 ▲200% 12 mo. | 8% ▼56% $1,400,000 ▲76% 95.2% | 25 ▲25% 3.1 mo. | 24% ▼6%
NAPLES 56% CASH
FINANCING
AUGUST CASH SALES VS
REMEMBERING 9/11
September 11, 2001 is a day in our history we will never forget. As tragic as the events of that day were, our country came together as one to aid and support each other in a way that hadn’t been seen in decades. Twenty two years later, the City of Marco Island continues to remember this day in a ceremony honoring those who gave all...
At 9:00am at the new fire station, 20 Keller Williams agents joined a crowd of about 200 to witness a very moving ceremony led by Police Chief Tracy Frazzano. Pastor Scott Kerens of the Marco Presbyterian Church offered a moving invocation prior to the Marco Island Police Color Guard presented our flag. At this point, emotions began to sweep through the crowd, as eight First Responders who all served on that fateful day 22 years ago were called to the podium to lead the Pledge of Allegiance.
Fire Chief Chris Byrnes spoke of
THE FOUR FIVES’S
the importance of a ringing bell at a fire department... traditionally a ringing bell is a signal to report to the station for duty, the changing of shifts, signaled a call for help –even indicating a call was completed and the unit returned to the station... Departments also sounded a series of bells when a firefighter died in the line of duty to alert all members that a comrade had made the ultimate sacrifice. One of the most meaningful series of bells is commonly called “ Striking the Four Fives”. The fire service is rich with ceremony, custom, and tradition. The custom of rendering final honors has its origins in the fire department of the City of New York, where many years ago, long before the advent of radios or pagers, fire alarms and daily announcements were dispatched from central headquarters to outlying firehouses by a system of bell commands and t elegraph. Each different type of alarm or announcement would have its own
number and series of bell strikes. When a firefighter died in the line of duty or when some important official or personage died, headquarters would transmit five bell strikes, repeated in four series, with a slight pause between each series, followed by the announcement. This was done as long ago as 1865 in the New York City Fire Department to inform the rank and file of the death of President Abraham Lincoln. The custom has continued down to the present day.*
The ceremony concluded with Julie Byrnes playing a heart - felt Amazing Grace on violin with the attendees honoring the fallen in their own way. It was an honor to be able to attend this ceremony and witness firsthand our community’s love and respect for those in public service.
Jon McLeod, Team Leader/CEO, Keller Williams Marco Island MarcoIsland@kw.com
4 Spotlight: September 11th Remembrance
WHAT'S HAPPENING MARCO ISLAND & NAPLES
Did you know the Marco Island Center for the Arts now also manages the theater next to Marco Island Brewery in Towne Center? It is now called Arts Center Theater. On October 13, 2023 7:30 PM Comedian Sloan appears. Sloan's comedy covers a wide range of topics, from personal experience to what's happening in the world today.
The production The Music Man is also playing October 18-23, 2023 at the theater.
At the Center for the Arts, located at 1010 Winterberry Drive, the Manhattan Short Film Festival is playing short films on October 5th and 8th. This is your chance to view the films and vote. The winner is qualified for the 2024 Oscars!
For more information on all of these and more Arts events 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:
Naples USA Today Wine & Food Experience is at the Paradise Coast Sports Complex 3940 City Gate Blvd North Saturday
September 30th 1-4 PM. Sample foods from acclaimed local chefs. Sip premier wine, beer and spirits from the best mixologists and sommeliers.
Click for more events and things to do on Marco Island and in the Naples area
Click here for more info:
What's Happening Marco & Naples! 5
KELLER WILLIAMS CULTURE CORNER
It was a busy month with two major Keller Williams conferences. The annual Mega Camp in Austin Texas featured KW CEO Gary Keller and top agents sharing their vast knowledge of the market with thousands of attendees!
The South Florida Mega Agent Mastermind hosted by the President of KW Marc King was held in Ft. Lauderdale. Top local SWFL agents shared their successes and strategies with KW agents from all around Florida.
What is your home worth? Contact me for your free market analysis!
FIRST RESPONDER FRIDAY
This past event featured a fan favorite, 40#s of brisket & pork smoked overnight by Team Leader Jon McLeod! Close to 100 Police, Sherriff's office, EMS, Fire Fighters & City employees ate every last bit of the brisket and fixings!!
THANK YOU TO OUR FIRST RESPONDER FRIDAY CO-SPONSOR
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
PUJA ROMERO
(239)274-7411 Cell (239)849-6886 promero@sancapbank.com Loan Officer
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KW VP Jay Papasan, CEO Gary Keller & Jason Abrams Head of Industry & Learning
