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August.... the Sunday of Summer.
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The summer heat is upon us and we hope that everyone is doing their best to stay cool. We are enjoying some down time and are grateful to still be staying busy.
While the real estate market has cooled off from the Pandemic frenzy of the last 2 years and inventory has increased a tad, it is still difficult to find a good selection of properties for our buyers. But, we do our best to listen to our customers needs and keep a pulse on the market.
We were recently honored to find out that we had the highest buyer represented Compass Regional sale in SWFL in Q2 and wanted to share the below snippet from our Compass Mid-Year Ultra Luxury Report. Click here or on the image below to read the entire report to gain great insights from our Compass agents in the luxury markets they serve.
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Pappas-Burback Team Accolades
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As always, it is nice chatting with you and we hope you enjoy what we have curated for you this month. 😊
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Naples Housing Market Prime for Summer Buyers
Though the dip in closed sales appears temporary and may not linger into July’s closed sales data as overall pending sales (homes under contract) in June increased 0.8 percent to 800 pending sales from 794 pending sales, and June’s showings increased slightly from showings reported in June 2022. Fortunately, slow sales in June did not impact home prices as the median closed price reported in June increased 0.4 percent to $602,494 from $600,000 in June 2022.
Buyer hesitation today is fueled by the three horsemen of the homebuying apocalypse: insurance, property taxes and interest rates,” said Jillian Young, President, Premiere Plus Realty. “Despite these challenges, the Naples area remains a highly desirable lifestyle destination for high-net worth individuals. In the last year, there have been 193 home sales over $5 million.”
To read the entire report, click here.
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Collier County Has Had The Highest Increase
In Property Prices Over The Past Two Years!!
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Naples has seen a WHOPPING 50.35% increase in property prices from 2021 to 2023. The entire State Of Florida has seen a 35.16% increase.
It is no surprise with everything our AMAZING area has to offer.
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As you know we are BIG concert goers, so wanted to share two great events that we will be attending this month!! Hope to see you there!
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Ticket Prices: Starting at $69.95
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Where: Hyatt Regency At Coconut Point
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239.455.4585 | 2500 Tamiami Trail N
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We love supporting local, small businesses. We revisited this restaurant after not going for a couple of years and it is BETTER than ever! Delicious food, intimate atmosphere and amazing owners and chef. To the right is a picture of Pork Belly and Scallops... DELISH! Highly recommend.
Click here to visit their website.
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Lifestyle Tips and Tricks
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5 Summer Approved, "Coastal Grandma' Decor
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Think back to this time last year when the “coastal grandma” trend was influencing both how people dress and how they decorate their homes. In the fashion world, this look falls somewhere between beachy and bougie, with pieces like a chunky-knit sweater layered over flowing white linen pants. (Think: Diane Keaton on the beach in the movie “Something’s Gotta Give.”)
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The Best Paint Colors for Every Room
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Paint colors matter. They convey a mood and a sense of style and can define a space.
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Click on the images for detailed information
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Imperial Golf Estates - NEW PRICE
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2115 Imperial Golf Course Blvd
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4 BD + DEN 3 BA 3429 SF $1,825,000
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Imperial Golf Estates - NEW price
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3 BD + DEN 3 BA 2838 SF $1,249,000
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1924 Imperial Golf Course Blvd
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3 BD + DEN 4 BA 3016 SF $1,299,000
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5 BD + DEN 6 BA 6291 SF $9,000,000
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4 BD + DEN 6 BA 4555 SF $4,900,000
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Imperial Golf Estates. SOLD
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3 BD + Den 3 BA 3470 SF $1,625,000
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Imperial Golf Estates. sold
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3 BD + Deb 3 BA 3150 SF $1,250,000
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Thanks for reading and for all of your support!
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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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