The final week of April has proven to be a powerhouse for Naples real estate. With 151 recorded sales, the market is showing a healthy balance of inventory movement and high-value investment. Here is our detailed breakdown of the week that was.

The Single-Family Market: High-End Heat

Single-family homes accounted for 73 sales this week. The headline of the week is undoubtedly the closing of 3440 Rum Row in Port Royal for $28,250,000, followed closely by a $15.7M sale on Gulf Shore Blvd S in Aqualane Shores.

• Median Price: $755,000
• Days on Market: 55 (Median)
• Negotiation: Buyers are successfully negotiating an average of 4.4% off the list price.

The Condo & Villa Market: Steady and Accessible

The condo market continues to be the engine of Naples’ volume, with 78 units changing hands. We saw significant activity in Pelican Bay and Olde Naples, where luxury condos are still commanding premium prices.

• Top Condo Sale: A Penthouse at Moraya Bay closed for $5,750,000.
• Median Price: $449,950
• Market Pace: Condos are taking slightly longer to sell than houses, with a median of 66 days on the market.

Where is the Activity?

If you are looking for where the most “Sold” signs are popping up, look no further than:

• Golden Gate Estates: 8 Sales
• The Moorings: 7 Sales
• Olde Naples: 6 Sales
• Pelican Bay: 5 Sales

Summary for Sellers: Pricing remains the most critical factor. Properties that are priced accurately are moving within two months, while those overshooting the market are seeing longer carry times and higher discounts.

Summary for Buyers: With the average sale price landing between 93% and 95% of the list price, there is more opportunity for savvy negotiations than we saw this time last year.