Greetings from Shadow Wood!

As of September 1, 2025, there are 20 active listings in our area multiple listing service (MLS) in Shadow Wood. That is 1 less than last month.

For comparison, last year on Sept. 1, there were 12 listings in Shadow Wood.

There are 8 single-family homes on the market, listed from $770,000 to $3,495,000. The average list price is $1,518,113. The average days on the market is 99 days; the average total days on the market is 99 days.

In the condo market, there are 12 active listings ranging from $475,000 to $810,000. The average list price is $612,742. The average days on the market is 103 days; the average total days on the market is 110 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. As a long time resident in Shadow Wood with close to 40 years of helping buyers and sellers in SWFL, my experience will be invaluable in this ever changing market.

Your Shadow Wood REALTOR®,

Ed Gongola

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

• Within the last 12 months, there were 29 sales; the average sales price was $604,434; and, these condos were on the market an average of 81 days; combined days on the market is 159.

• During the 12 months previous, there were 22 sales; the average sales price was $703,795; and, these homes were on the market an average of 20 days; combined days on the market is 74.

SINGLE-FAMILY SHADOW WOOD HOMES

• During the last 12 months, there were 57 sales; the average sales price was $1,611,759; and, these homes were on the market an average of 38 days; combined days on the market is 108.

• During the 12 months previous, there were 44 sales; the average sales price was $1,650,637 and, these homes were on the market an average of 57 days; combined days on the market is 108.

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.

Meet Ed Gongola and discover how he can help you with his concierge-style of service when buying or selling your home.

DOWNING-FRYE: INCREASED PENDING SALES

“In August 2024, Downing-Frye agents had 105 pending sales for the month. In August 2025 they had 124 pending sales, which represents an 18% increase in pending sales for the month of August,” said Mike Hughes, V. P. and Gen. Mgr. of Downing-Frye Realty, Inc. “When we look at our August 2025 listing inventory, it shows a 22% increase in residential listings and a 27% increase in rental listings compared to August 2024. All in all, we feel that these numbers are encouraging and show that the market was more active in August. The next two months tend to be the ‘soft’ part of our market as the summer visitors are gone and the winter visitors have not yet arrived. This is a great time for buyers to consider making offers as sellers might be more amenable to negotiate more in the slower months of the year.”

BONITA / ESTERO: JULY ACTIVITY

The Bonita Springs/Estero Realtors® reported July 2025 figures as compared to July 2024. For single- family homes: new listings were up 9.88%, pending sales were up 25.38%, and closed sales were up 10.1%. The median sales price of $570,000 was down 17.60% and the total volume sold was $90M, down 3.2%. For Condominiums: new listings were up 1.55%, pending sales were down 8.33% and closed sales were up 45.76%. The median sales price was down 20.92% to $387,500 and the total volume sold was $46M, up 43.8%. On average, sellers of single- family homes received 94.6% of list price and condo owners received 93.7%.

NAPLES AREA: DESIREABLITY ENABLES STABILITY

Pending sales in July increased 19.9% to 807 pending sales from 673 pending sales in July 2024. While inventory is up 11.4% to 5,224 properties from 4,691 properties in July 2024, overall inventory has been slowly decreasing since it peaked in March with 7,483 properties. New listings in July decreased 7.2% to 804 new listings from 866 in July 2024. Closed sales, which are connected to pending sales, increased 2% in July to 624 closed sales from 612 closed sales in July 2024. Pending sales of single- family homes have been increasing each month since the beginning of the year; for July, pending sales of single-family homes rose 30.4%. The median closed price of condominiums fell 10.1% in July to $422,500 from $470,000 in July 2024, and for single-family homes the closed median price was $670,000, down 6% from a year ago.

MARCO ISLAND AREA: INVENTORY UP

The Marco Island Area Assoc. of Realtors® reported July 2025 figures as compared to July 2024: Inventory was up 12%; the number of properties sold was down 8%; the average days on market was down 29%; and the dollar volume sold was $73M, down 14% from the year before. In July, the median sales price for homes was $1.4M, for condos was $641K and for lots was $690K.

FLORIDA: BUYERS HAVE AN ADVANTAGE

In July, closed sales of existing single-family homes statewide were up by close to 3% compared to July of last year, and for 2025 overall so far, they are down by about 2.5% compared to a year ago. Pending sales of single-family homes declined by less than 1%. New listings were down year-over-year for the third consecutive month for single-family homes, this time falling by nearly 3% in July. For the year, they are still up by nearly 3.5%. New listings of condos and townhouses, were down by close to 11% year over year in July, but due to an excess of new listings at the beginning of the year, they are only down about 2% year to date. In July the median price for single-family homes was $410,000 and for condo/townhomes was $295,000.

USA: PENDING HOME SALES DECREASE

Existing single-family home sales decreased by 2.7% in June while there was a 2% Pending home sales decreased by 0.4% in July from the prior month and rose 0.7% year-over- year. “Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant,” said NAR Chief Economist Lawrence Yun. “The rising mortgage applications for home purchases are an early indicator of more serious buyers in the marketplace, though many have not yet committed to a pending contract. The Federal Reserve signaling that they may enact a lower interest rate policy should steadily enlarge the pool of eligible home buyers in the upcoming months.”

Sources: The Bonita Springs-Estero REALTORS®/SWFLMLS, Naples Area Board of REALTORS®, Marco Island Area Assoc. of REALTORS. If your property is currently listed with another broker, this is not a solicitation of that listing. National Assoc. of REALTORS®, Florida REALTORS® ©2009 Design by Downing-Frye-Marketing, powered by Naples Media Group, Inc.

New Jobs Report Opens Door to Rate Cut

U.S. job growth slowed in August and unemployment rose to 4.3%, boosting expectations of a Fed rate cut that may ease mortgage rates for homebuyers.

U.S. job growth weakened sharply in August while the unemployment rate increased to nearly a four-year high of 4.3%, confirming that labor market conditions were softening and sealing the case for an interest rate cut from the Federal Reserve this month.

Nonfarm payrolls increased by only 22,000 jobs last month after rising by an upwardly revised 79,000 in July, the Labor Department’s Bureau of Labor Statistics said. Economists polled by Reuters had forecast payrolls would rise by 75,000 positions after a previously reported gain of 73,000 in July. Estimates ranged from no jobs added to 144,000 positions created.

Revisions also showed payrolls declined by 13,000 jobs in June, the first drop since December 2020, rather than rising by 14,000, as had been reported last month.

 © 2025 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. 

Smart Ways to Cut Home-Buying Costs

Buying a home costs more than a down payment. Experts suggest comparing lenders, exploring FHA, VA or USDA loans, aid programs and seller concessions.

Buying a house, even with a 10% down payment, means covering more than the list price. Beyond the down payment, property taxes, insurance and closing costs can quickly push a home out of budget (30% or less of income), but there are strategies that can help.

Experts advise shopping multiple lenders for better mortgage rates or exploring Department of Veterans Affairs (VA), Department of Agriculture (USDA) or Federal Housing Administration (FHA) loan programs to reduce monthly costs.

Even a half-point difference on a $400,000 mortgage could save nearly $50,000 in interest over 30 years. Buyers can also research down payment assistance programs that provide grants, low-interest loans, or deferred “silent second” loans.

Negotiation can further ease the financial burden, as sellers might agree to cover closing costs, handle repairs or pay HOA fees if it accelerates the sale. Once the home is purchased, refinancing when rates drop or renting out part of the property are additional ways to manage payments.

For buyers determined to secure their dream home, using a mix of financial tools, assistance programs and negotiation tactics can make the purchase more attainable.

© Copyright 2025 Smithbucklin

L I S T I N G     U P D A T E S

LISTED BY ED GONGOLA

IN CYPRESS HAMMOCK

CYPRESS HAMMOCK

9533 Cypress Hammock Circle #102

3 Bedrooms | 2 Full Baths | 1 Half-Bath

2,060 Sq. Ft. of Living Area

$595,000

And even with evidence that sellers are negotiating on price (94% of list price received) and adjusting list prices to stay competitive (1,296 price decreases recorded in July), home values remain stable.

Historic Perspectives

Looking at the July Market Report, Cindy Carroll of Carroll & Carroll Appraisers & Consultants, LLC said, “If we were in the midst of a market correction, prices would be near $325,000, or where they were before the pandemic in 2019. The fact that our market was able to sustain prices over the last four years [after record-breaking demand during the pandemic drove prices up], tells me that our market is consistently doing well.”

Budge Huskey, CEO, Premier Sotheby’s International Realty, responded to Carroll’s remarks by stating, “I’ve never witnessed a time when there were decelerated sales over a two-and-a-half-year period and it did not materially influence prices.”

“This is new territory,” Carroll asserted. “Twenty years ago our eyes were fixed on activity happening west of U.S. 41, but there are so many submarkets throughout Naples now. The growth and diversity within the market is helping real estate in Naples stay desirable and stable.”

“Pending sales are at pre-pandemic levels,” said Sherry Stein, CRB, Managing Broker, Berkshire Hathaway HomeServices Florida Realty. “We have a lot of cash buyers [48 percent in July], so mortgage rates have a limited impact on our sales. With discussions about interest rates going down, that is helping sales because buyers realize that if/when rates go down, prices will likely go up. Even buyers who need financing know that locking into a rate today doesn’t prevent them from refinancing should rates drop in

the future.”

Confidence Sparked

More evidence that Naples’ desirability and consumer confidence are positively influencing the Naples housing market can be witnessed in the number of homes sold resulting in the gradual decrease in inventory over the past few months. While up 11.4 percent to 5,224 properties from 4,691 properties in July 2024, overall inventory has been slowly decreasing since it peaked in March with 7,483 properties.

“The average days on market has been climbing since April, but months supply of inventory is going down,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc.

New listings in July decreased 7.2 percent to 804 new listings from 866 in July 2024. But closed sales, which are connected to pending sales, increased 2 percent in July to 624 closed sales from 612 closed sales in July 2024. Single-family closed sales in July increased 12.7 percent to 354 closed sales from 314 closed sales. Interestingly, and a trend is emerging, pending sales in the single-family home market have been increasing each month since the beginning of the year; for July, pending sales of single-family homes rose 30.4 percent!

“I am seeing increased energy with listings,” said Ryan Bleggi, Managing Broker for John R. Wood Properties. “Sellers who are taking their REALTOR®’s advice and pricing according to the market are getting more showings and offers this summer.”

“If we can avoid a significant storm this year, sales in 2025 will easily outpace sales last year,” added, Huskey.

The NABOR® July 2025 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings for 2025:

Equity Friendly Naples

The median closed price of condominiums fell 10.1 percent in July to $422,500 from $470,000 in July 2024. But this is a far cry from the median closed price of condominiums in July 2019, which was $240,000. The same holds true for the single-family home market: July’s median closed price, which decreased 6 percent to $670,000, still provides significant equity compared to a median closed price of $409,500 in July 2019.

The July Market Report showed Naples desirability contributed to increased sales in all geographic regions tracked by NABOR®. But the standout was in closed sales of single-family homes in the NaplesBeach area (34102, 34103, 34108), which increased 81.8 percent in July. Increased sales of single-family homes near the beach are reducing this geographic area’s months supply, which was 14.9 months in July 2024, but because of an increase in summer sales activity, dropped to 12.3 months supply in July 2025.

Greetings from Shadow Wood!

As of September 1, 2025, there are 20 active listings in our area multiple listing service (MLS) in Shadow Wood. That is 1 less than last month.

For comparison, last year on Sept. 1, there were 12 listings in Shadow Wood.

There are 8 single-family homes on the market, listed from $770,000 to $3,495,000. The average list price is $1,518,113. The average days on the market is 99 days; the average total days on the market is 99 days.

In the condo market, there are 12 active listings ranging from $475,000 to $810,000. The average list price is $612,742. The average days on the market is 103 days; the average total days on the market is 110 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. As a long time resident in Shadow Wood with close to 40 years of helping buyers and sellers in SWFL, my experience will be invaluable in this ever changing market.

Your Shadow Wood REALTOR®,

Ed Gongola

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

• Within the last 12 months, there were 29 sales; the average sales price was $604,434; and, these condos were on the market an average of 81 days; combined days on the market is 159.

• During the 12 months previous, there were 22 sales; the average sales price was $703,795; and, these homes were on the market an average of 20 days; combined days on the market is 74.

SINGLE-FAMILY SHADOW WOOD HOMES

• During the last 12 months, there were 57 sales; the average sales price was $1,611,759; and, these homes were on the market an average of 38 days; combined days on the market is 108.

• During the 12 months previous, there were 44 sales; the average sales price was $1,650,637 and, these homes were on the market an average of 57 days; combined days on the market is 108.

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.

Meet Ed Gongola and discover how he can help you with his concierge-style of service when buying or selling your home.

DOWNING-FRYE: INCREASED PENDING SALES

“In August 2024, Downing-Frye agents had 105 pending sales for the month. In August 2025 they had 124 pending sales, which represents an 18% increase in pending sales for the month of August,” said Mike Hughes, V. P. and Gen. Mgr. of Downing-Frye Realty, Inc. “When we look at our August 2025 listing inventory, it shows a 22% increase in residential listings and a 27% increase in rental listings compared to August 2024. All in all, we feel that these numbers are encouraging and show that the market was more active in August. The next two months tend to be the ‘soft’ part of our market as the summer visitors are gone and the winter visitors have not yet arrived. This is a great time for buyers to consider making offers as sellers might be more amenable to negotiate more in the slower months of the year.”

BONITA / ESTERO: JULY ACTIVITY

The Bonita Springs/Estero Realtors® reported July 2025 figures as compared to July 2024. For single- family homes: new listings were up 9.88%, pending sales were up 25.38%, and closed sales were up 10.1%. The median sales price of $570,000 was down 17.60% and the total volume sold was $90M, down 3.2%. For Condominiums: new listings were up 1.55%, pending sales were down 8.33% and closed sales were up 45.76%. The median sales price was down 20.92% to $387,500 and the total volume sold was $46M, up 43.8%. On average, sellers of single- family homes received 94.6% of list price and condo owners received 93.7%.

NAPLES AREA: DESIREABLITY ENABLES STABILITY

Pending sales in July increased 19.9% to 807 pending sales from 673 pending sales in July 2024. While inventory is up 11.4% to 5,224 properties from 4,691 properties in July 2024, overall inventory has been slowly decreasing since it peaked in March with 7,483 properties. New listings in July decreased 7.2% to 804 new listings from 866 in July 2024. Closed sales, which are connected to pending sales, increased 2% in July to 624 closed sales from 612 closed sales in July 2024. Pending sales of single- family homes have been increasing each month since the beginning of the year; for July, pending sales of single-family homes rose 30.4%. The median closed price of condominiums fell 10.1% in July to $422,500 from $470,000 in July 2024, and for single-family homes the closed median price was $670,000, down 6% from a year ago.

MARCO ISLAND AREA: INVENTORY UP

The Marco Island Area Assoc. of Realtors® reported July 2025 figures as compared to July 2024: Inventory was up 12%; the number of properties sold was down 8%; the average days on market was down 29%; and the dollar volume sold was $73M, down 14% from the year before. In July, the median sales price for homes was $1.4M, for condos was $641K and for lots was $690K.

FLORIDA: BUYERS HAVE AN ADVANTAGE

In July, closed sales of existing single-family homes statewide were up by close to 3% compared to July of last year, and for 2025 overall so far, they are down by about 2.5% compared to a year ago. Pending sales of single-family homes declined by less than 1%. New listings were down year-over-year for the third consecutive month for single-family homes, this time falling by nearly 3% in July. For the year, they are still up by nearly 3.5%. New listings of condos and townhouses, were down by close to 11% year over year in July, but due to an excess of new listings at the beginning of the year, they are only down about 2% year to date. In July the median price for single-family homes was $410,000 and for condo/townhomes was $295,000.

USA: PENDING HOME SALES DECREASE

Existing single-family home sales decreased by 2.7% in June while there was a 2% Pending home sales decreased by 0.4% in July from the prior month and rose 0.7% year-over- year. “Even with modest improvements in mortgage rates, housing affordability, and inventory, buyers still remain hesitant,” said NAR Chief Economist Lawrence Yun. “The rising mortgage applications for home purchases are an early indicator of more serious buyers in the marketplace, though many have not yet committed to a pending contract. The Federal Reserve signaling that they may enact a lower interest rate policy should steadily enlarge the pool of eligible home buyers in the upcoming months.”

Sources: The Bonita Springs-Estero REALTORS®/SWFLMLS, Naples Area Board of REALTORS®, Marco Island Area Assoc. of REALTORS. If your property is currently listed with another broker, this is not a solicitation of that listing. National Assoc. of REALTORS®, Florida REALTORS® ©2009 Design by Downing-Frye-Marketing, powered by Naples Media Group, Inc.

New Jobs Report Opens Door to Rate Cut

U.S. job growth slowed in August and unemployment rose to 4.3%, boosting expectations of a Fed rate cut that may ease mortgage rates for homebuyers.

U.S. job growth weakened sharply in August while the unemployment rate increased to nearly a four-year high of 4.3%, confirming that labor market conditions were softening and sealing the case for an interest rate cut from the Federal Reserve this month.

Nonfarm payrolls increased by only 22,000 jobs last month after rising by an upwardly revised 79,000 in July, the Labor Department’s Bureau of Labor Statistics said. Economists polled by Reuters had forecast payrolls would rise by 75,000 positions after a previously reported gain of 73,000 in July. Estimates ranged from no jobs added to 144,000 positions created.

Revisions also showed payrolls declined by 13,000 jobs in June, the first drop since December 2020, rather than rising by 14,000, as had been reported last month.

 © 2025 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. 

Smart Ways to Cut Home-Buying Costs

Buying a home costs more than a down payment. Experts suggest comparing lenders, exploring FHA, VA or USDA loans, aid programs and seller concessions.

Buying a house, even with a 10% down payment, means covering more than the list price. Beyond the down payment, property taxes, insurance and closing costs can quickly push a home out of budget (30% or less of income), but there are strategies that can help.

Experts advise shopping multiple lenders for better mortgage rates or exploring Department of Veterans Affairs (VA), Department of Agriculture (USDA) or Federal Housing Administration (FHA) loan programs to reduce monthly costs.

Even a half-point difference on a $400,000 mortgage could save nearly $50,000 in interest over 30 years. Buyers can also research down payment assistance programs that provide grants, low-interest loans, or deferred “silent second” loans.

Negotiation can further ease the financial burden, as sellers might agree to cover closing costs, handle repairs or pay HOA fees if it accelerates the sale. Once the home is purchased, refinancing when rates drop or renting out part of the property are additional ways to manage payments.

For buyers determined to secure their dream home, using a mix of financial tools, assistance programs and negotiation tactics can make the purchase more attainable.

© Copyright 2025 Smithbucklin

L I S T I N G     U P D A T E S

LISTED BY ED GONGOLA

IN CYPRESS HAMMOCK

CYPRESS HAMMOCK

9533 Cypress Hammock Circle #102

3 Bedrooms | 2 Full Baths | 1 Half-Bath

2,060 Sq. Ft. of Living Area

$595,000

And even with evidence that sellers are negotiating on price (94% of list price received) and adjusting list prices to stay competitive (1,296 price decreases recorded in July), home values remain stable.

Historic Perspectives

Looking at the July Market Report, Cindy Carroll of Carroll & Carroll Appraisers & Consultants, LLC said, “If we were in the midst of a market correction, prices would be near $325,000, or where they were before the pandemic in 2019. The fact that our market was able to sustain prices over the last four years [after record-breaking demand during the pandemic drove prices up], tells me that our market is consistently doing well.”

Budge Huskey, CEO, Premier Sotheby’s International Realty, responded to Carroll’s remarks by stating, “I’ve never witnessed a time when there were decelerated sales over a two-and-a-half-year period and it did not materially influence prices.”

“This is new territory,” Carroll asserted. “Twenty years ago our eyes were fixed on activity happening west of U.S. 41, but there are so many submarkets throughout Naples now. The growth and diversity within the market is helping real estate in Naples stay desirable and stable.”

“Pending sales are at pre-pandemic levels,” said Sherry Stein, CRB, Managing Broker, Berkshire Hathaway HomeServices Florida Realty. “We have a lot of cash buyers [48 percent in July], so mortgage rates have a limited impact on our sales. With discussions about interest rates going down, that is helping sales because buyers realize that if/when rates go down, prices will likely go up. Even buyers who need financing know that locking into a rate today doesn’t prevent them from refinancing should rates drop in

the future.”

Confidence Sparked

More evidence that Naples’ desirability and consumer confidence are positively influencing the Naples housing market can be witnessed in the number of homes sold resulting in the gradual decrease in inventory over the past few months. While up 11.4 percent to 5,224 properties from 4,691 properties in July 2024, overall inventory has been slowly decreasing since it peaked in March with 7,483 properties.

“The average days on market has been climbing since April, but months supply of inventory is going down,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc.

New listings in July decreased 7.2 percent to 804 new listings from 866 in July 2024. But closed sales, which are connected to pending sales, increased 2 percent in July to 624 closed sales from 612 closed sales in July 2024. Single-family closed sales in July increased 12.7 percent to 354 closed sales from 314 closed sales. Interestingly, and a trend is emerging, pending sales in the single-family home market have been increasing each month since the beginning of the year; for July, pending sales of single-family homes rose 30.4 percent!

“I am seeing increased energy with listings,” said Ryan Bleggi, Managing Broker for John R. Wood Properties. “Sellers who are taking their REALTOR®’s advice and pricing according to the market are getting more showings and offers this summer.”

“If we can avoid a significant storm this year, sales in 2025 will easily outpace sales last year,” added, Huskey.

The NABOR® July 2025 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. NABOR® sales statistics are presented in chart format, including these overall (single-family and condominium) findings for 2025:

Equity Friendly Naples

The median closed price of condominiums fell 10.1 percent in July to $422,500 from $470,000 in July 2024. But this is a far cry from the median closed price of condominiums in July 2019, which was $240,000. The same holds true for the single-family home market: July’s median closed price, which decreased 6 percent to $670,000, still provides significant equity compared to a median closed price of $409,500 in July 2019.

The July Market Report showed Naples desirability contributed to increased sales in all geographic regions tracked by NABOR®. But the standout was in closed sales of single-family homes in the NaplesBeach area (34102, 34103, 34108), which increased 81.8 percent in July. Increased sales of single-family homes near the beach are reducing this geographic area’s months supply, which was 14.9 months in July 2024, but because of an increase in summer sales activity, dropped to 12.3 months supply in July 2025.