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April 2023 Real Estate Market Statistics for Naples, Florida

April 2023 Infographic

 

The rising real estate market in Naples seems to know no bounds. Homes and condominiums in our city saw a 6 percent increase in value in April 2023, since the same time last year!

If you’re looking to buy a luxury home in Naples or a lovely property elsewhere in Southwest Florida, the sustained increases in property values may indicate that your investment will be a wise one. If you’re looking to sell your home in Naples, the current market conditions may put you in a great position.

A wide range of demographics flock to our city to enjoy a slice of paradise, including retirees, empty-nesters, snowbirds, vacationers, and investors, who all enjoy its pristine beaches, warm Gulf breezes, fine dining, high-end shopping, world-class golfing, and lively entertainment.

Here’s even more positive news about real estate in Naples and Southwest Florida.

 

Key April 2023 Real Estate Market Statistics for Naples and Southwest Florida



Here’s what you need to know about home sales in Naples, and the dynamics of the real estate market throughout Southwest Florida for April 2023:


    

  • The median sale price for homes in Naples increased by 6 percent from April 2022 to April 2023.
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  • Across all of Collier County the median sale price for single-family homes jumped by $46,375—from $875,625 in April 2022 to $922,000 in April 2023, according to data from Florida Gulf Coast University (FGCU).
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  • On average, homes for sale in Naples spent less than two months on the market in April 2023. So if you find a home you love, don’t hesitate to put in an offer.
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Consider These Other Reasons Why Now May Be a Great Time to Buy a Home in Naples




Unemployment in Southwest Florida is down, pointing to an economy that is likely moving in the right direction. Check out these key economic indicators:


Labor Force and Employment


    

  • In Collier County the unemployment rate was 2.5 percent in April 2023, which is down  0.1 percent from the previous month, according to FGCU, and down 0.2 percent from the same time last year.
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  • The seasonally-adjusted unemployment rate in Lee County was 2.7 percent in April 2023, a decrease of 0.2 percent from the previous month, and 0.1 percent below the measurement for April 2022.
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  • The seasonally-adjusted unemployment rate in the Southwest Florida region was 2.7 percent in April 2023, down by 0.2 percent from March 2023, and down by .01 percent from April 2022.
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Taxable Sales


    

  • Seasonally-adjusted real taxable sales in Collier County totaled $1.130 billion in January 2023, a rise of 3 percent above January 2022, and 2 percent higher than the December 2022 figure.
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  • Seasonally-adjusted real taxable sales in Lee County amounted to $1.822 billion in January 2023, a rise of 2 percent from the same time last year, according to data from FGCU.
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Tourist Tax Revenues


    

  • Seasonally-adjusted real tourist tax revenues in Collier County totaled $3.3 million in March 2023, a decrease of 6 percent from the previous month.
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  • The seasonally-adjusted real tourist tax revenues in Lee County amounted to $2.7 million in March 2023, a decrease of 5 percent from February 2023.
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Airport Passenger Activity


    

  • Airport passenger traffic at Southwest Florida International Airport (RSW) amounted to 740,018 in April 2023, an increase of 6 percent from March 2023.
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Find out how much your home is worth now!


Are You Buying or Selling a Home in Naples?


Selling your home is a big deal, so you need to work with a REALTOR® who can get it right. We know how to market your home to all the right buyers, regardless of its price point. We’ll help you sell your home quickly and at the best possible price!


If you’re looking for a home for sale in Naples, we’re here to help. We specialize in luxury real estate and can show you any listing. In the meantime, please feel free to explore what’s available now: .



You can also browse all Naples homes for sale.


                

                        

                            
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