01 Apr Shadow Wood at the Brooks Real Estate News | April 2023
A reminder, you have access to the most comprehensive website devoted to Shadow Wood, www.ShadowWoodRealty.com. I’ve included maps, floor plans, photos, and descriptions of each neighborhood within this desirable community.
Please contact me for all your real estate needs in Shadow Wood. With over 35 years of helping buyers and sellers in SWFL, my experience will be invaluable in this fast-moving, low-inventory market.
Your Shadow Wood REALTOR®,
Ed Gongola
Summary of Shadow Wood Home Sales
If you are considering selling your Shadow Wood home, here are some statistics that may help you decide to place your home on the market.
- Within the last 12 months, there were 27 sales; the average sales price was $620,144; and, these condos were on the market an average of 17 days; combined days on the market is 71.
- During the 12 months previous, there were 27 sales; the average sales price was $482,704; and, these homes were on the market an average of 9 days; combined days on the market is 52.
- During the last 12 months, there were 54 sales; the average sales price was $1,697,5222; and, these homes were on the market an average of 17 days; combined days on the market is 81.
- During the 12 months previous, there were 45 sales; the average sales price was $1,233,374 and, these homes were on the market an average of 16 days; combined days on the market is 61.
April 2023 Market Update
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As days on market for February increased 129.2 percent to 55 days from 24 days, the report’s pending sales data startled broker analysts initially because it reflected several sales contracts that were cancelled numerous times during the month. This behavior led the brokers to discuss possible causes and, in addition to the reasons outlined above by Vellano and Kunkle, a consensus was reached that, as described by Budge Huskey, CEO, Premier Sotheby’s International Realty, “people are sitting tight because there is a degree of uncertainty surrounding interest rates, banking stability, and heightened concern that we may still encounter a recession.”
“A lot of people are watching the news with concern about our banking system,” said Sherry Stein, CRB, Managing Broker, Berkshire Hathaway HomeServices. “Though in this current climate, a real estate purchase can be viewed as a viable investment alternative.”
Although unlike most of America, the majority of home sales in Naples are cash sales [62.1 percent in February] so the financial market’s uncertainty may benefit our housing market if high-net worth families turn to real estate as a more secure place to invest their wealth.
If you are looking to buy or sell a home in Naples, contact a Naples REALTOR® who has the experience and knowledge to provide an accurate market comparison or negotiate a sale. A REALTOR® can ensure your next purchase or sale in the Naples area is a success. Search for your dream home and find a Naples REALTOR® on Naplesarea.com. The Naples Area Board of REALTORS® (NABOR®) is an established organization (Chartered in 1949) whose members have a positive and progressive impact on the Naples Community. NABOR® is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 6,000 plus members. NABOR® is a member of the Florida Realtors and the National Association of REALTORS®, which is the largest association in the United States with more than 1.3 million members and over 1,400 local board of REALTORS® nationwide. NABOR® is structured to provide programs and services to its membership through various committees and the NABOR® Board of Directors, all of whose members are non-paid volunteers. The term REALTOR® is a registered collective membership mark which identifies a real estate professional who is a member of the National Association of REALTORS® and who subscribe to its strict Code of Ethics. |
What’s ‘In’ with Buyers? Natural Light, Outdoor Spaces?
A desire for natural lighting and functional outdoor spaces rule many homebuyers’ list of features, according to the 2022 Home Design report by the remodeling platform Fixr.
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