July 2024 Real Estate Market Statistics for Naples, Florida

July 2024 Real Estate Market Statistics for Naples, Florida

Homes in Naples consistently hold their value. In July 2024, property values in our city were virtually unchanged as compared to July 2023, ticking downward by less than one percentage point (0.8).

Naples: People. Peace. Paradise.

If you’re in search of resort-style living as a daily way of life, look no further than Naples—the premier destination for luxury and leisure. Our city offers miles of white-sand beaches, warm Gulf breezes, plentiful golf greens, and breathtaking estate residences.

A day of leisure in Naples means strolling beaches with sugary-soft sands, dipping into warm Gulf waters, rounds of golf on lush greens, and high-end shopping. An abundance of fine dining is at the ready, as well as a diversity of arts and culture happenings.

There are few things that our wonderful city doesn’t offer!

You may be considering buying a luxury home in Naples, or an impressive property in another portion of Southwest Florida. If so, you’d be making a wise investment!

Take a look at some highlights of the healthy real estate market and economy in Naples.

Essential July 2024 Real Estate Market Statistics for Naples and Southwest Florida

Here is a snapshot of home sales and the dynamics of the real estate market in Naples for July 2024:

The median sales price for single-family homes in Naples was virtually unchanged in July 2024 as compared to the same time last year.

A median sales price of $590,000 in July 2024 accounted for the virtually unchanged value of single-family homes in comparison to July 2023.

In July 2024 homes for sale in Naples were listed on the market for under three months before being acquired by interested buyers. Once you’ve found your dream home, it’s wise to move swiftly!

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

Consider this composite of recent employment and economic data for Naples and other areas of Southwest Florida:

Labor Force and Employment

In July 2024 Collier County’s unemployment rate was 3.3 percent, according to figures published by Florida Gulf Coast University (FGCU). That number is a full percentage point lower than the U.S. national average of 4.3 percent in July 2024, as reported by the U.S. Bureau of Labor Statistics.

Taxable Sales

State and local municipalities raise revenue through sales tax. Here are snapshots of taxable sales figures for Collier County, and other portions of Southwest Florida:

Research by analysts at FGCU revealed that seasonally-adjusted real taxable sales in Collier County amounted to $1.007 billion in June 2024.

Seasonally-adjusted real taxable sales in Lee County totaled $1.657 billion in June 2024—up 1 percent from May 2024.

Tourist Tax Revenues

Seasonally-adjusted real tourist tax revenues in Collier County in June 2024 were $3.8 million in June 2024. Up 3 percent from June 2023.

In Lee County seasonally-adjusted real tourist tax revenues amounted to $3.2 million in June 2024. That’s 15 percent more than the June 2023 measurement.

For coastal counties seasonally-adjusted real tourist tax revenues totaled 7.7 million in June 2024. Up 9 percent from the same time last year.

Airport Passenger Activity

Researchers at Florida Gulf Coast University reported that seasonally-adjusted airport passenger traffic at Southwest Florida International Airport (RSW) amounted to 927,872 in July 2024—an increase of 1 percent from July 2023.

Check Out These Upcoming Events in Naples

Evening on Fifth

Stop by Fifth Avenue South to enjoy live musical performances by a variety of artists as you dine and shop!

Event details: fifthavenuesouth.com; 5th Avenue South, Naples, Florida 34102; phone: 239.692.8436; September 12th from 6:30 p.m. to 9:30 p.m.

Chipping In to Change Lives Golf Tournament

Come out to the Rookery at Marco for an enjoyable day of golf amid a beautiful setting while you support your local YMCA!

Event details: ymcacollier.org; The Rookery at Marco: 3433 Club Center Blvd., Naples, Florida 34114; phone: 239.394.9622; commrelations@ymcacollier.org; October 12th; Registration: 7:30 a.m.; Play begins at 8:30 a.m.

REALTORS® Alexandra Janz and Juergen Haeringer Are Your Premier 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.

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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