As of June 1, 2026, there are 18 active listings in our area multiple listing service (MLS) in Shadow Wood. That is 7 less than last month.

For comparison, last year on July 1, there were 28 listings in Shadow Wood.

There are 7 single-family homes on the market, listed from $685,000 to $1,797,000. The average list price is $1,165,571. The average days on the market is 175 days; the average total days on the market is 208 days.

In the condo market, there are 10 active listings ranging from $430,000 to $959,000. The average list price is $575,710. The average days on the market is 167 days; the average total days on the market is 171 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 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

“June 2026 was another good month for Downing-Frye Realty, Inc. as our 161 closings were up 19% over the previous June,” said Mike Hughes, Vice President of Downing-Frye Realty, Inc. “With the June closings, our company has now had over 1,000 closings for the year. Our pending sales for June were close to what we saw a year ago. The reason that the closings were up in June was the fact that we had a lot on sales contracts come in after Easter this year and they are finally closing.

“Inventory of listings is adequate for now but overall, the listing inventory is down in Southwest Florida compared to where we were a year ago.

“It is too early to form an opinion on our summer season as it is just getting started. We are cautiously optimistic.”

BONITA / ESTERO: STABLE ACTIVITY

In May 2026, the Bonita Springs-Estero region continued to see stable activity as it transitioned into summer. In comparing May 2026 to May 2025, closed sales were up 16% and took an average of 65 days to sell. Pending sales were up 37%. Supply remained constrained with new listings down by 4% with 314 new listings during the month compared to 357 listings sold. There were 4.5 months of supply, which was a 44.3% decrease from May 2025. The median overall sales prices for Bonita Springs and Estero was $524,725, down 0.1% from May 2025. There were 201 closings in Bonita Springs in May 2026 compared to 165 closings in May 2025. Overall inventory was down to 972 properties for sale in May 2026 compared to 1,344 for sale in May 2025. In Estero in May 2026 there were 156 closings, up from 143 closings in May 2025, and the overall inventory was 586 properties for sale, down from 809 properties in May 2025.

NAPLES AREA: BUYER DEMAND CONTINUES

New listings added to the Naples housing market were unable to keep pace with buyer demand in May, leading to a 22% decline in overall inventory. The market added 991 new listings during the month, while 1,066 homes went under contract (pending sales). Inventory was further reduced by strong sales activity. Over the past 12 months, closed sales have outperformed the previous 12-month period, and that momentum continued in May. Overall closed sales increased 13.9%, rising to 900 transactions from 790 in May 2025. The median closed price in May increased 1.7% to $599,900 from $590,000 in May 2025. The single-family median closed price increased 7.6% in May to $750,000 from $697,000 in May 2025. The condominium median closed price increased 0.1% in May to $450,000 from $449,500 in May 2025. Property sales in eastern Collier County rose by 36.5% in May. Cash buyers accounted for 61% of the overall closed sales.

MARCO ISLAND AREA: SALES INCREASE

The Marco Island Area Assoc. of Realtors® reported May 2026 figures as compared to May 2025: Inventory was down 33% to 511 properties for sale; the number of properties sold was up by 15%; the average days on market was 100 days, and the dollar volume sold was $107M, down 6% from the year before. In May, the median sales price for homes was $1.6M, for condos was $670K and for lots was $1.4M for an overall increase of 4%.

FLORIDA: CONTINUED SALES GROWTH

Closed sales of single-family homes were up year over year in May for the ninth consecutive month, but only just barely, by 0.6%. New pending sales of single-family homes were up by 4.8%. Condo and townhouse closed sales were up by 6.6%—and new pending sales in this category were up by 9.0%. As for Florida home prices in May, the median price for single-family closed sales was $425,000. That’s $10,000–or about 2.4%—higher than a year ago. Condo and townhouse closed sales had several months of mild year-over-year declines in the median sale price up until this March and April, when the median price remained unchanged from a year ago. In May, however, the median sale price was down again year over year, but only by 1%, to just shy of $307,000.

USA: PENDING SALES INCREASE

Pending home sales in May increased by 3.8% month-over-month and 4.8% year-over-year. “A late spring buyer rush—even with mortgage rates not budging—is an indication of pent-up housing demand and consumers’ acceptance of above-6% mortgage rates as the new normal,” said NAR Chief Economist Dr. Lawrence Yun.

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.

Southern exposure with lake and golf course views in one of the most sought after neighborhoods in Shadow Wood. This updated and in demand Bardmoor Floor Plan is ideally located in Tamarind Trace. Outstanding golf course views from both the back and front of the house along with easy access in out of the Coconut Road Gatehouse. Cornerstone Kitchen and Baths has just finished a kitchen update adding new cabinets and facing along with doing a complete master bath renovation. All the main living areas have new LVP flooring. Bedrooms and den have wood floors. Interior painting (2026) and exterior painting (2025). Roof replaced in 2023. New window and blinds in 2025. Pool resurfaced and travertine deck in 2022. HVAC and pool heater both replaced in 2021. Hot water tank in 2023. Outdoor built-in Blaze Grill. Hurricane protection on all openings with a combination of electric shutters, hurricane glass and accordion shutters. Garage has a mini split a/c system.

23331 Foxberry Ln

3 Bedrooms + Den | 2 Full Baths | 1 Half-Bath

2,537 Sq. Ft. of Living Area

$1,325,000

MLS: 226025583

ED GONGOLA IS MAKING NEWS …

Ed Gongola has been recognized as Downing-Frye Realty’s Top Agent in Bonita Springs for 2025, marking his second consecutive year earning this distinction. With nearly 40 years of real estate experience in Southwest Florida, Gongola’s achievement reflects a career built on deep community expertise, exceptional negotiation skills, and unwavering client loyalty.

Ed Gongola Video Interview … Downing-Frye’s Top Bonita Agent

Equity-Rich Baby Boomers Driving Housing Market

By Melissa Dittmann Tracey

Florida Realtors^®, along with Realtors^® in the Sunshine State and across the U.S., celebrate June as National Homeownership Month. The recognition acknowledges the importance of owning a home and the impact it has on the lives of American families, local communities and the nation’s economic health.

Adults ages 61 to 79 continue to dominate the housing market, making up the largest group of home buyers and sellers, according to the National Association of Realtors®’ newly released 2026 Home Buyers and Sellers Generational Trends report.

One thing they all have in common: trusting a real estate professional throughout their housing transaction. NAR reports 88% of all buyers purchased their homes through a real estate agent, while 91% of sellers worked with an agent.

Last year, baby boomers overtook millennials – the largest U.S. population – to become the biggest force of home buyers and sellers, proving to be a powerful backbone to the housing market. Their soaring home equity from decades of ownership may be freeing them to be more agile than other age groups who are struggling to afford higher home prices.

Baby boomers accounted for 42% of buyers and 55% of all home sellers – the highest of any other age group, according to NAR’s 2026 report.

“The housing market remains sharply divided between homeowners with equity and first-time buyers trying to break in – many of whom are younger millennials,” says Jessica Lautz, NAR’s deputy chief economist. “For many younger households, affordability challenges and limited inventory are still making homeownership difficult to achieve.”

The breakdown of home buyers, according to NAR’s 2026 Home Buyers and Sellers Generational Trends report:

• Baby boomers (1946–1964; ages 61 to 79): 42% (unchanged from last year)
• Millennials (1980–1998; ages 27 to 45): 26% (down from 29% last year)
• Gen X (1965–1979; ages 46 to 60): 25% (up from 24% in 2025)
• Gen Z (1999–2011; ages 18 to 26): 4% (up from 3% last year)
• Silent Generation (1925–1945; ages 80 to 100): 4% (unchanged from last year)

First-time buyers have fallen to their lowest share on record, comprising 21% of buyers over the last year, according to NAR’s records dating back to 1981. First-time buyers tend to largely be made up of millennials, those born between 1980 and 1998. Last year, NAR’s 2025 Profile of Home Buyers and Sellers report showed that the median age of first-time buyers climbed to a record high of 40 years old – up from the late 20s in the 1980s.

That said, Lautz recently told Real Estate Today that there may be openings gradually arising for more first-time buyers to get into the market. In March, they accounted for 32% of recent buyers, according to the March 2026 Realtor® Confidence Index survey.

“We know that first-time home buyers have struggled over the last several years … but they have had slightly better opportunities this winter because mortgage rates ticked down and they saw more inventory than they did last year at this time,” Lautz says. “We know there’s a huge pipeline of young adults who have been waiting on the sidelines for many years, and they want to purchase their first home. That pent-up demand is there.”

Equity is helping to make moves happen

For current homeowners, they’re seeing equity soar, particularly among those who’ve owned their homes the longest. For example, older baby boomers – ages 71 to 79 – have the longest home tenure with a median of 15 years before selling, according to NAR’s latest report. That lengthier timeline when staying in one home has allowed them to ride the wave of higher home prices.

For example, NAR recently reported that the median existing-home sales price for March was the highest ever recorded for that month – reaching $408,800. That price growth has helped the typical homeowner accumulate $128,100 in housing wealth over the past six years alone. For baby boomers – who’ve held their homes more than double that timeframe – the appreciation is much higher.

“Baby boomers are at a point in life when they have the flexibility to move, often with housing equity to purchase their next home,” Lautz says. “In earlier days, baby boomers – like millennials today – may have moved because of a job change or the need for a larger home. Today, many baby boomers are embracing choice and moving to be closer to family and friends, to downsize or to retire and enjoy a work-free lifestyle.”

That said, older millennials – ages 36 to 45 – also are leveraging home equity to become move-up buyers. They’ve comprised 15% of the homebuying share but tend to have the highest median household incomes of any other generation at $132,700. They often tend to purchase the largest homes (at a median of 2,100 square feet).

“Older millennial buyers are now entering middle age, and with that comes with a shift,” Lautz says. “This cohort is now the highest-earning generation of home buyers, buys the largest homes and is most likely to have children living with them. Those traits were once more commonly associated with Gen X buyers, who are now increasingly looking toward empty-nesting and retirement.”

Housing’s attention turns to Gen Z

Gen Z is starting to make its mark on the housing market, albeit still representing a small share of buyers, at 4%, and sellers, at 2%. But notably, “they are entering homeownership with the lowest household incomes and are unlikely to be married yet or to have children living in their home,” the NAR report notes.

They’re shunning traditional norms. Thirty-five percent of Gen Z buyers were single females – the highest share among all age groups. Seventeen percent of Gen Z buyers were unmarried couples, also the highest share among all generations.

“What stands out about Gen Z is how confidently they’re beginning to define homeownership for themselves,” Lautz says. “They may still be a small share of the market, but they’re already challenging old assumptions about who buys a home and when. For many of these buyers, marriage and children are no longer the defining milestones before a home purchase. The driving force is simply the desire to own a home of their own.”

Other trends to watch

Additional findings that emerged from NAR’s 2026 Home Buyers and Sellers Generational Trends report include:

• Multigenerational living options: Fourteen percent of buyers purchased a multigenerational home, down from 17% last year. Gen X, ages 46 to 60, purchased the highest share of multigenerational homes at 19%. The top motivations for combining households among all age groups were to care for aging parents, for cost savings and because adult children were moving back home.
• Single female force: Females are increasingly buying solo – making up a growing share of the homebuying market. “They’re really making a lot of sacrifices to get into homeownership – and that says to me, it’s important to her,” Lautz says. “She wants to be a homeowner.” Indeed, single females accounted for 25% of recent home buyers – second to only married couples at 50%. Only 11% of buyers were single males. The highest percentage of single female buyers was among Gen Z at 35%.
• Down payment help: As home prices have surged, more first-time buyers are looking for help with the down payment. About a quarter – or 26% – of younger millennials received down payment help in the form of a gift or loan from a friend or relative. Millennials, in general, may increasingly turn to help due to their high amounts of debt, notably from student loans. About 40% of younger millennials reported student loan debt, with a median balance of $30,000, as well as 27% of older millennials with a median balance of $40,000.
• Real estate agent reliance: Regardless of age, most buyers start their house hunt online, but they cite real estate agents as their most-used information source. Younger buyers usually seek help in understanding the purchase process, whereas older buyers tend to most appreciate agents who point out unnoticed features and faults with a property.

Overall, among all age groups, home buyers and sellers value real estate agents’ negotiation skills, list of service providers and help in improving the buyer’s knowledge of search areas for homes.

© 2026 National Association of Realtors® (NAR)

Balancing Behaviors

As demand for the Naples lifestyle continues and inventory decreases, the median closed price in May increased 1.7 percent to $599,900 from $590,000 in May 2025. In the single-family home market, the median closed price increased 7.6 percent in May to $750,000 from $697,000 in May 2025. In the condominium market, the median closed price increased 0.1 percent in May to $450,000 from $449,500 in May 2025.

“We are seeing a normal seasonal shift, but the year-over-year numbers tell the real story,” said Sherry Stein, CRB, Managing Broker, Berkshire Hathaway HomeServices Florida Realty. “Closed sales are up over 15 percent year-over-year, pending sales are up about 12 percent, and inventory is down 18 percent, all of which point to a more balanced market. The market has adjusted, pricing is aligning with buyer expectations, and that’s driving continued activity here in Naples.”

Despite the median closed price increasing in April and May, the May Market Report showed 1,243 price decreases compared to 56 price increases.

“Even though we have fewer new listings, most sellers today are not listing at aspirational prices. Instead, they are taking recommendations from REALTORS® to set more realistic prices,” said Jeff Jones, Broker at Keller Williams Naples. “So far, activity every month this year has been better than it was a year ago.”

“There are several communities around Naples, like the Vineyards and Grey Oaks, where there is very little inventory,” said Cindy Carroll of Carroll & Carroll Appraisers & Consultants, LLC. “It’s likely prices may begin to increase again in pockets where inventory is becoming scarce. But it really depends on where you look because in other neighborhoods around Naples, like near Vanderbilt, there is an oversupply.”

Finding the Sweet Spot

Sellers with significant home equity need a strategic pricing strategy to capture top dollar in the Naples market. Working with an experienced Naples real estate agent who has knowledge of the local market data can help strike that perfect balance, turning a home-owner’s built-up equity into maximum profit when their home is sold.

“Many sellers who are on the fence are worried about losing a low interest rate mortgage,” said Jones. “But a REALTOR® can show you the net effect of enjoying the equity you built versus holding on to a low interest rate.”

The two economists reviewing the May Market Report agree that waiting to buy a home until interest rates drop this year is not a good strategy.

“The average interest rate since the 1970s has been 7.8 percent,” said Dr. Weeks. “With rates currently around 6.5 percent, this is a good time to lock in and buy a home.”

Carroll agreed adding, “Buyers waiting for interest rates to go down are likely going to face higher prices because our overall inventory is declining. We are at 7.1 months of inventory in a market that finds its balance when there is 12 months of inventory.”

The NABOR® May 2026 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 2026:

The luxury market in Naples is performing very well in 2026. By the end of May, sales of single-family homes over $1.5 million increased 25 percent compared to sales of single-family homes in the same price category during the first five months of 2025. Not surprisingly, because several large luxury sales took place in the Naples Beach area (34102, 34103, 34105), the median closed price of single-family homes there increased 71.6 percent in May to $4,600,000 from $2,681,250 in May 2025.

Geographically, sales of properties in eastern Collier County are on the rise, up 36.5 percent in May. In fact, of the 1,214 properties on the market in East Naples (34114, 34117,34120, 34137), the largest number of overall price decreases reported during May occurred in that area, which spurred sales activity.

According to the report, 61 percent of the overall closed sales in May were cash buyers. With inventory now lower than pre-pandemic levels, summer buyers should work closely with a REALTOR® because competition – especially for properties in the over $1.5 million range, which reported a 37 percent decline in inventory during May – is about to heat up.