01 Jan Shadow Wood at the Brooks Real Estate News | January 2025
As of January 1, 2025, there are 20 active listings in our area multiple listing service (MLS) in Shadow Wood. That is 3 more than last month.
For comparison, last year on Jan. 1, there were 15 listings in Shadow Wood.
There are 11 single-family homes on the market, listed from $860,000 to $3,295,000. The average list price is $2,050,000. The average days on the market is 68 days; the average total days on the market is 69 days.
In the condo market, there are 9 active listings ranging from $479,000 to $749,900. The average list price is $622,089. The average days on the market is 70 days; the average total days on the market is 131 days.
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 38 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.
SHADOW WOOD CONDOs
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- Within the last 12 months, there were 24 sales; the average sales price was $687,850; and, these condos were on the market an average of 48 days; combined days on the market is 114.
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- During the 12 months previous, there were 21 sales; the average sales price was $649,924; and, these homes were on the market an average of 31 days; combined days on the market is 77.
SINGLE-FAMILY SHADOW WOOD HOMES
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- During the last 12 months, there were 53 sales; the average sales price was $1,610,434; and, these homes were on the market an average of 54 days; combined days on the market is 114.
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- During the 12 months previous, there were 40 sales; the average sales price was $1,721,068 and, these homes were on the market an average of 33 days; combined days on the market is 89.
For a list of SHADOW WOOD homes sold in the last 12 months, click here.
For a list SHADOW WOOD homes that are pending at the moment, click here.
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January 2025 Market Update
DOWNING-FRYE: READY FOR AN ACTIVE 2025
“2024 was a year of change for the real estate industry,” said Mike Hughes, V. P. and Gen. Mgr. of Downing-Frye Realty, Inc. “But one thing that did not change is the desirability of Southwest Florida. In 2024, Downing-Frye agents participated in 1,653 closings. Starting in 2025, it’s more important than ever to work with a real estate professional. Buyers purchasing properties will be required to sign Buyer Broker agreements. Sellers will need to correctly price their properties as there is more competion this year, which Buyers are encouraged to hear. Our area’s listing inventory is almost back to pre-pandemic levels, which means that Buyers will have plenty of properties to view as they search for their slice of paradise. Many of the forms that Realtors use in our area have recently changed. For instance, if a Buyer is purchasing a condo, you will notice terms like “Milestone Inspection“ and “Structural Integrity Reserve Study”. Once again, working with a knowledgeable real estate professional is important. All in all, the Realtor community is looking forward to an active 2025 real estate market.”
BONITA / ESTERO: NOVEMBER ACTIVITY
The Bonita Springs/Estero Realtors® reported November 2024 figures as compared to November 2023: For single-family homes: new listings were up 30.7% and pending sales were also up by 43.8%. The median sales price of $685,000 was down only 0.7% and the average sales price of $1,081,246 was up 33.8%. Inventory was up 34.5% to 674 single-family homes for a 6.2-months’ supply. For Condominiums: new listings were up 36.6%, and pending sales were up by 3.9%. The median sales price was down 17.1% to $399,750 and the average sales price was $425,947, down 33.9% from November 2023. Inventory was up 62.8% to 801 condos for a 9.1-months’ supply. On average, sellers received 95.2% of list price for single-family homes and 94% for condominiums.
NAPLES AREA: INVENTORY BOOST
A 23% increase in new listings during November was a welcome addition to the Naples housing market’s overall inventory, which rose 32.4% to 5,368 properties from 4,052 properties in November 2023. Overall median closed price decreased 1.7% to $575,000 from $585,000 in November 2023. This decrease was fueled by the condominium market, which reported a median closed price decrease of 10.8%. Alternately, the single-family home market’s median closed price in November increased 2.8%. Overall pending sales increased 10.7% in November to 732 pending sales from 661 pending sales in November 2023. Overall closed sales decreased 18.4% in November to 448 closed sales from 549 closed sales in November 2023. Days on market increased 40.7% to 83 days from 59 days in November 2023. Incidentally, days on market during November 2019 was 92 days.
MARCO ISLAND AREA: INVENTORY AND SALES, UP
The Marco Island Area Assoc. of Realtors® reported November 2024 figures as compared to November 2023: The inventory of single family homes was up 15%, condo inventory was up 30% and the inventory of lots was down 24%, for a total of 525 listings. Closed sales of single family homes were down 19%, condos were down 54% and lots were up by 300%. The median sales price for homes was up 51%, condos were down 33% and lots were up by 153%. The total sales volume for 2024 was $52M compared to $57M in 2023.
FLORIDA: INVENTORY, UP
Florida’s housing market in November reported more new listings and higher inventory levels compared to a year ago. Closed sales of existing single-family homes statewide totaled 17,095, down 3.5% year-over-year; existing condo-townhouse sales totaled 6,002, down 15.6% over November 2023. The statewide median sales price for single- family existing homes in November was $410,700, down 0.6% from $413,000 one year earlier; and for condo-townhouse units, the median price was $311,000, down 5.8% from $330,000 in November 2023.
USA: PENDING SALES INCREASE AGAIN
Pending home sales in November increased 2.2%. Year-over-year, contract signings grew in all four U.S. regions, with the West showing the biggest jump. “Consumers appeared to have recalibrated expectations regarding mortgage rates and are taking advantage of more available inventory,” said NAR Chief Economist Lawrence Yun. “Mortgage rates have averaged above 6% for the past 24 months. Buyers are no longer waiting for or expecting mortgage rates to fall substantially. Furthermore, buyers are in a better position to negotiate as the market shifts away from a seller’s market.”
Sources: The Bonita Springs-Estero REALTORS®/SWFLMLS, Naples Area Board of REALTORS®, National Assoc. of REALTORS®, Florida REALTORS® and Marco Island Area Assoc. of REALTORS®
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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.
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