July 2023 Real Estate Market Statistics for Naples, Florida

July 2023 Real Estate Market Statistics for Naples, Florida

The cost of single-family homes in Naples jumped nearly 10 percent in July 2023 since the same time last year. Homes in Naples continue to increase in value. So, if you’re looking to buy a luxury home in Naples or a stunning property elsewhere in the Southwest Florida region, your investment will be a wise one.

If you’re planning on a future in Naples, whether you’re an empty-nester, retiree, snowbird, vacationer, or an investor looking to enhance your portfolio, you’ll be in the company of people from all walks of life who answer the beckoning call of our city’s warm Gulf breezes, sugar-soft white sands, and luxury lifestyle.

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

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

The median sale price for single-family homes in Naples rose almost 10 percent from July 2022 to July 2023.
In the broader Metro Statistical Area (MSA) of Naples-Immokalee-Marco Island the median sale price for single-family homes rose by $26,730 in July 2023 since the same time last year—from $748,270 in July 2022 to $775,000 in July 2023, per sales figures gathered by Florida Gulf Coast University (FGCU).
When you find a home you love in Naples, act swiftly with an offer because the inventory is shrinking! Per July data from the Naples Area Board of Realtors (NABOR), new listings for single-family homes in Naples decreased by 15 percent from July 2022 to July 2023.

Other Reasons Why There’s No Better Time Than Now to Buy a Home in Naples

Here’s an employment and economic snapshot of Naples, and other parts of Southwest Florida for July 2023:

Labor Force and Employment

In Collier County the unemployment rate was 2.8 percent in July 2023, which is up by .1 percent from the month prior, according to data from FGCU. Although unemployment rose slightly, it is still far below the July 2023 national average of 3.5 percent reported by the U.S. Bureau of Labor Statistics.

Taxable Sales

State and local municipalities raise revenue through sales tax. Here are taxable sales figures for July 2023:

Seasonally-adjusted real taxable sales in Collier County totaled $1.146 billion in June 2023—an increase of 4 percent since May 2023.
Seasonally-adjusted real taxable sales in Lee County totaled $1.765 billion in June 2023, a 2 percent dip from June 2022, according to figures from FGCU.

Tourist Tax Revenues

Seasonally-adjusted real tourist tax revenues in Collier County were $3.6 million in June 2023, an increase of 1 percent from the previous month.
The seasonally-adjusted real tourist tax revenues in Lee County amounted to $2.7 million in June 2023, a decrease of 3 percent since May 2023.
For coastal counties, the seasonally-adjusted real tourist tax revenues were $6.5 million in June 2023—a decline of 4 percent from May 2023.

Airport Passenger Activity

Southwest Florida International Airport (RSW) passenger traffic amounted to 881,748 in July 2023, which is a 3 percent increase from June 2023.

REALTORS® Alexandra Janz and Juergen Haeringer Are Your Premiere Real Estate Brokers

At Alexandra Janz AJ International Group Naples, the team of Alexandra Janz & Juergen Haeringer, Broker Associates & Luxury Properties Specialists with William Raveis-Florida, LLC, help clients realize their dreams of purchasing a luxury home and basking in the glow of the Naples and Southwest Florida luxury lifestyle. Alexandra is not only an expert in the real estate market in Naples and Southwest Florida, but in international markets as well.

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