Paul Graffy-Naples Estates-October 2019

787 5th Avenue South | Naples, FL 34102

LUXURY REAL ESTATE MARKET REPORT

NAPLES ESTATES

PAU L G R A F F Y

REALTOR® and NEIGHBOR

239.273.0403

NOVEMBER 2019

E: PGraffy@JohnRWood.com www.NorthNaplesPrivateEstates.com

FEATURED LISTING BY PAUL GRAFF Y CALL FOR A PRIVATE TOUR! 239.273.0403

JONATHAN AND ANGELA-MARIE, For a private viewing of this spectacular home, or access to more Naples listings, please contact me. If you are thinking of selling, let me help you achieve exceptional results. Call me today at 239.273.0403.

184 TUPELO ROAD OFFERED AT $2,950,000 5 BEDS 5.5 TOTAL BATHS 5,693 ESTIMATED SQ. FT.

PREPARED ESPECIALLY FOR

JONATHAN AND ANGEL A-MARIE WILLIAMS Escape to the country! A serene lakefront haven in the middle of Naples! Enjoy the quiet beauty of this exceptional estate home with wide water, southwestern vistas overlooking Warbler Lake, in the heart of Pine Ridge on over an acre. Gated drive, lush, manicured lawn. Enter through exquisite, arched Mahogany and glass double doors and you will be captivated by the views through the giant picture window overlooking the infinity edge pool and lake. The layout is spacious, open and airy with a natural flow ideal for entertaining. Large, bright dining and living area leads into the perfect, chef’s kitchen with

a prep island, tons of counter space, breakfast bar and morning room all open to expansive family room. Clean lines, a neutral palette and walls of glass create light-filled rooms boasting lofty, coffered ceilings. Zero-corner sliders provide a seamless transition to lanai w/ fireplace, bar, summer kitchen and guest suite/cabana w/ bath. First floor boasts a luxurious master suite and an office. Tons of flex space upstairs w/ oversized study, three bedrooms, two baths and spacious loft w/ balconies.

Private dock beckons you to relax and enjoy Naples’ splendid sunsets over the lake.

PRESENTED BY

PAU L G R A F F Y

YOUR NAPLES ESTATES REALTOR ® AND NEIGHBOR

N A P L E S E S TAT E S

PAU L G R A F F Y

REALTOR® and NEIGHBOR

CURRENT MARKET ACTIVITY

239.273.0403

E: PGraffy@JohnRWood.com www.NorthNaplesPrivateEstates.com

ACTIVE HOMES PRICE RANGE

A WORD FROM PAUL GRAFF Y Sales for the 12-month period ending August 31st were up 6% compared to the preceding 12 months, while yearto-date and monthly sales for August were consistent with those of last year. Year-to-date, price segments up to $750,000 reflected a 2.1% increase in the number of closed sales, while segments between $750,000 and $5M were down by 6.4%. The rate at which new listings entered the market in August slowed by 8.4% compared the same month to a year ago, reflecting an ongoing trend now resulting in a 5.2% decrease in year-to-date new listings. This trend is most consistent in price ranges below $750,000. The overall number of active listings have decreased as well, with 4.6% fewer listings on the market as of September 1st when compared to the same date last year. Listings priced below $750,000 were down 7.4%, while those priced from $750,000 to $5M were up 3.1%. With an increased pace of sales over the past 12 months and fewer listings entering the market, it stands to reason that months of inventory would decrease . As of September 1st, the marketplace posted 5.49 months of inventory, an 8.7% drop from the same date last year when 6.01 months was posted. Overall, our market continues to move in a positive direction with healthy inventory levels, steady sales, and stable pricing. Thanksgiving is only eight weeks away, and we are seeing car carriers arriving from northern climates. Season will be here before we

know it. This is the time of year when those wishing to sell their homes this season should be considering who might list their property for them. Please let me know if you, or anyone you know may want a free market analysis of their home in time to take advantage of season.

The Laboratory Theater in Fort Myers has opened its 11th Season with an acclaimed production of Arthur Miller’s The Crucible. It plays through October 12th and should not be missed. The Naples Players begins its new season with an innovative dramatization of The Great Gatsby in Blackburn Hall and Jeff Daniels’ hilarious comedy Moonlight in Escanaba in The Tobye Theater. Cameron Mitchell Restaurants (out of Ohio) plans to open a new restaurant called “Del Mar Naples” in the fall of 2020 in the space formerly occupied by Cafe Lurcat on Fifth Avenue South. Cameron Mitchell also owns Ocean Prime Restaurant which is connected to the Inn on Fifth. Mark your calendars! The 3rd Annual USA TODAY Wine and Food Experience Featuring Martha Stewart on 5th Avenue South will be held on Saturday, November 23rd. This savory wine and food experience series is an American culinary tour for fans and connoisseurs alike. Indulge in this exploration, showcasing the best food, wine, beer, and spirits from local and national chefs and mixologists.

- Paul Graffy

PAUL IS PASSIONATE ABOUT SUCCESS T O P 1/2 O F T O P 1%

The Wall Street Journal

T O P 50 A G E N T S

SouthWest Florida

19 YEARS OF REAL ESTATE SERVICE IN NAPLES 128 SUCCESSFUL SALES

$245+ MILLION IN SALES

D E D I C AT E D C O M M U N I T Y M E M B E R Committed to the local arts, animal rights, nature and conservation, and the disadvantaged and elderly in Immokalee, and many local charities.

39

$748,000$6,500,000

8

ACTIVE HOMES

18

PENDING HOMES

SOLD HOMES

LAST 5 MONTHS

HOMES SOLD IN THE LAST 5 MONTHS HOME SUBDIVISION STATUS NAME

STREET ADDRESS

# BEDS

# BATHS

EST. SQ. FT.

SOLD PRICE

SOLD DATE

Sold

Four Seasons

10665 Winterview Drive

4

3.0

2,299

$385,980

09/25/19

Sold

Four Seasons

10800 Winterview Drive

4

2.0

2,804

$687,000

09/03/19

Sold

Four Seasons

1910 Curling Avenue

4

3.0

2,748

$595,000

06/03/19

Sold

Four Seasons

1190 Silver Sands Avenue

3

2.0

2,241

$700,000

05/31/19

Sold

Four Seasons

10617 Winterview Drive

4

3.0

2,697

$370,000

05/15/19

Sold

Pine Ridge

6616 Trail Boulevard

3

2.0

1,410

$650,000

10/09/19

Sold

Pine Ridge

301 West Street

4

4.1

4,703

$3,700,000

08/07/19

Sold

Pine Ridge

149 Cajeput Drive

3

2.0

2,163

$1,123,200

08/06/19

Sold

Pine Ridge

78 North Street

N/A

N/A

2,248

$1,150,000

08/01/19

Sold

Pine Ridge

692 Carica Road

4

5.0

4,862

$1,800,000

07/08/19

Sold

Pine Ridge

830 Cassena Road

4

3.0

3,429

$1,475,000

06/30/19

Sold

Pine Ridge

6762 Trail Boulevard

3

3.2

3,250

$1,434,000

06/26/19

Sold

Pine Ridge

172 Hickory Road

4

3.0

2,450

$855,000

06/19/19

Sold

Pine Ridge

494 Gordonia Road

3

2.0

2,307

$1,200,000

06/11/19

Sold

Pine Ridge

607 Myrtle Road

3

2.0

1,834

$1,175,000

05/31/19

Sold

Pine Ridge

122 Caribbean Road

6

5.2

5,500

$2,620,000

05/17/19

Sold

Pine Ridge

367 Ridge Drive

5

5.1

9,201

$7,500,000

05/10/19

Sold

Quail Woods Estates

9020 The Lane

5

3.1

4,754

$1,090,000

05/17/19

Paul Graffy and John R. Wood Properties are not in any way affiliated with Naples Estates Owners Association, nor is this in any way an official advertisement or publication of Naples Estates. ©2019 All rights reserved.

This representation is based on sales and data reported by multiple brokers/agents to the SWFLMLS from May 13th through October 13th, 2019. Listings and sales may not be those of John R. Wood Properties. The SWFLMLS does not guarantee the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship.