
01 Jul Shadow Wood at the Brooks Real Estate News | July 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 $630,033; and, these condos were on the market an average of 29 days; combined days on the market is 81.
- During the 12 months previous, there were 32 sales; the average sales price was $573,344; and, these homes were on the market an average of 8 days; combined days on the market is 54.
- During the last 12 months, there were 48 sales; the average sales price was $1,625,490; and, these homes were on the market an average of 24 days; combined days on the market is 86.
- During the 12 months previous, there were 51 sales; the average sales price was $1,495,309 and, these homes were on the market an average of 9 days; combined days on the market is 61.
July 2023 Market Update
Study: Real Estate Hot in Hurricane-Ian-Hit Areas
Storms rarely have a long-term effect on the local real estate market. Cape Coral-Fort Myers listings dropped for two months after Ian but rose for the six after that.

Sales bounced back but haven’t fully recovered
Hurricane Ian and home prices
Home Prices Holding Steady
A slight reduction in overall median closed price along with fewer new listings during May indicates a window of opportunity for both buyers and sellers this summer. According to the May 2023 Market Report by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), overall median closed price decreased 1.2 percent to $600,000 from $607,500 in May 2022. There were also 1,045 price decreases and a 31.2 percent decrease in new listings reported during the month.

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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.
Americans Start to Cut Back – Vacations Take a Hit
Inflation and higher interest rates are taking a toll. Many are cutting back on nonessential items, such as dining out, and using credit cards for must-have purchases.

High-profile survey results
- 72% of respondents are either somewhat or very concerned about a possible recession this year, especially those ages 64 and older.
- 48% feel financially stressed, primarily due to inflation and higher prices.
- 50% are canceling or postponing vacation trips due to financial challenges, while 1 in 3 plan to spend less on expensive vacation locations.
- 53% planning a vacation this summer intend to spend less than $2,000, especially apparent among respondents without children (69%) compared to those with children (31%). Older respondents were more likely to spend less than $2,000 on summer trips than younger ones.
- 65% are eating out less than last year.
- In addition to dining out less often, people are spending less on entertainment (46%) and clothing (44%).
- 55% are using coupons and 57% are buying “on sale” as a money-saving strategy; 48% are buying store brand products.
- Overall, 38% are canceling or postponing purchasing a vehicle this year due to financial challenges – 43% of consumers with children.
- Within ScoreSense’s sample, 36% of respondents were dealing with federal student loans. Of those, 37% will resume payments without any help from others, 29% will need help from others to pay, and 34% will be helping their child/relatives/friends make loan payments.
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