NAPLES MARKET REVIEW
OCTOBER MARKET REPORT
As we head into season, inventory remains pretty tight in Collier County. The good news is single-family home inventory increased 4% from 2,128 homes in October 2014 to 2,210 in October of this year according to NABOR's latest statistics. However, the condo market saw a 7% decrease in inventory from 1,811 in October of last year compared to 1,693 during the same month this year.
The $300K - $500K price category saw a significant amount of activity. Pending sales were up 21% in the 12-months ending October 2015 and closed sales were up 25% during the same time period. Overall closed sales increased 1% from 9,746 to 9,828 for the 12-months ending in October of this year.
Additional market highlights for October year-over-year:
- Pending sales decreased 11% from 911 to 807
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Inventory decreased 1% from 3,939 to 3,903 homes
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There is a 4.63 months supply of inventory
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Average days on market increased 3% to 73 days
As expected, the Federal Reserve raised its key interest rate on Wednesday from a range of 0% to 0.25% to a range of 0.25% to 0.5% which will likely result in higher mortgage rates. All indications are rates will rise gradually over the next year. For those looking to purchase a home, now is a good time to move forward with a purchase before another rate increase.
November market data is expected to be released during the third week in December. If you would like updated information sooner, contact Matt Klinowski.
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Featured Property $1,345,000
Collier's Reserve- Single Family 
1065 Barcarmil Way
3 Bedrooms 3 Full Baths + 1 Half Baths
Built 1994
This gorgeous, south-facing home has a great location with picturesque golf course and preserve views. It was remodeled in 2014 a New HVAC installed in 2015. Three bedrooms plus den, three full and one half baths. The office-library is spacious and could be used as a fourth bedroom. The outdoors are expansive with a large heated pool & spa, sundeck and screen enclosed lanai. The island kitchen boasts granite counters, custom wood cabinetry & stainless steel appliances. All this with the desired single story open floor plan & a very spacious tropical poolside screened lanai. Collier's Reserve is an Audubon sanctuary community of merely 224 single family estates. Located in North Naples, just minutes to Vanderbilt Beach, Mercato, Waterside Shops & the Center for the Arts.
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Bonita Springs/Estero Market Trends
NOVEMBER MARKET REPORT
As we approach the end of the year, sales activity continues its positive momentum. Pending sales for the twelve months ending in November were up 40% from 235 to 329 compared to November of 2014. Closed sales were down 22.7% from 132 in November of last year to 102 this year at the same time. The combination of closed sales and pending sales is outpacing last year by 17.4%. Inventory also continues to drop, falling from 831 in November of '14 vs. 787 this year which represents at 5.2% decrease. Days on market also fell when compared to last year down to 116 days from 122 days on market which is a 4.9% drop. The limited availability of property is putting upward pressure on prices. The average list price rose from $512,000 to $575,000 year-over-year. It is a great time to put your property on the market if you are considering selling. Sellers are averaging 96.34% of their asking price. Pending Sales for November 2015 Year-Over-Year Comparison  Dark Blue = Past 12 months Light Blue = One Year Earlier
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Featured Property $474,500
PRICE REDUCED
Wyndemere Country Club
199 Edgemere Way S 3 Bedrooms 3 Bathrooms
2,613 Sq. Ft.
Built 1988 Golf clubs and beach towels, that's all you'll need! Everything in this home has been updated and is in move in condition. Updated kitchen, baths with glass showers, tile and hardwood flooring throughout, new fixtures and ceiling fans, fresh landscaping, everything! Light, bright and inviting, spacious living space and bedrooms, very private lanai and with neighbors on one side only. To the east is a beautiful park like area and having a southern rear exposure the pool is in the sunlight all day every day. Over-sized garage, expanded driveway, 1/3 an acre lot, brilliant floor plan and a lanai that's almost as big as the house, everything  considered, a pretty good value.
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Golf Humor
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Golf Community of the MonthCOLLIER'S RESERVE 
| Location: | Naples | | Club Type: | Private | | Membership Type: | Equity |
Membership Fees | Initiation Fee: | $45,000 | | Golf Dues: | $12,255 |
| Single Family: | $950,000 - $1,695,000 | | Condos: | none in this community
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Golf Course Information Course Architects
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Arthur Hills
| | Number of Courses | 1 (18 Holes) | | Caddies Available | No | | Practice Range | Yes | | Own your own cart | Yes
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About Downing-Frye Realty
Downing-Frye Realty has been in business for 50 years and has been voted Best Real Estate Office in the Southwest Florida People's Choice Award for ten straight years.
Call me today for more information about homes in Southwest Florida.
P.S. The finest compliment I can receive is an introduction to friends or colleagues from an appreciative client.
View a list of events in the Naples area click here.
Matthew Klinowski
239-370-0892
[email protected]
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Your #1 Source for SWFL
Golf Properties
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With more than 150 golf courses in Southwest Florida - with varying types of initiation fees, memberships, course designers, and club amenities - the abundance of information can be overwhelming. Let me be your guide!
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GOLF TIP
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PGA Teaching Professional Joe Beck teaches you how to hit a green-side bunker shot.
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2015 MARKET REPORT ARCHIVES
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Golf Joke
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A golfer hits a wicked slice off the tee that ricochets through the trees and into the next fairway, narrowly missing another golfer.
When the first golfer gets to his ball, he is greeted by his unintended victim, who angrily tells him of the near miss.
"I'm sorry, i didn't have time to yell fore," says the poor golfer. "That's funny", replies the other guy, "because you had plenty of time to yell s***!"
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Naples offers first-class dining, miles of beautiful beaches, and more golf holes than just about any other community in the country. With low tax rates and job growth projected to outpace every other city in the United States, the luxury you've always dreamed of is within reach.
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