Naples and Grey Oaks Real Estate Update (June 2025)

Grey Oaks Naples Homes for Sale

With our central location in town and incredible, sought-after amenities, Grey Oaks stands out even in the level of lower listings, percentage-wise, to other private, country club communities. In Grey Oaks, as of Friday, there were currently 16 residences for sale, ranging from a $1.6 million to $10.75 million. There was one residence that went pending in the last 120 days and 11 have closed in the last 120 days, ranging from $2,300,000 to $5,350,000. I was involved with three of those transactions.

The average days on the market in Grey Oaks, with the 11 closed transactions in the last 120 days, was 63 days, with the longest being 199 DOM and the shortest only 3 DOM. If the residences are priced right when listed, it is evidenced by a faster sale. The overall average sold price was $3,641,818. Of the 11 closed transactions, there was an 86.6 percent list price received of the original list price.  None of the 11 closed properties were updated completely, and that makes a distinct difference of how quickly a residence goes under contract, and for what price. Today’s buyers are willing to pay the price for the convenience of an updated residence.  Even homes that have had at least some major updates (roof, kitchen, primary bath) and are staged well, offered furnished, easy move-in, will sell faster and for a higher amount.  Days on the market has a profound effect on the value, so the more refreshed, decluttered, and staged a residence is when it hits the market, the faster it will sell. It is well worth spending the investment to do some refreshing and staging before a home is listed, rather than after it has sat on the market for some time.

Summer months do tend to have more listings withdrawn, and there were 1,282 sellers in Naples in June that removed their homes from the market.  In Grey Oaks, three were withdrawn in June. Six of the sixteen active residences have immediate Golf Memberships available. The good thing is, the buyers who are here this summer, are here for a reason.  Sellers need to keep in mind that they will still come out way ahead, as equity in homes grew incredibly during the pandemic.

While prices are softening a bit, it is a good thing that our market is stabilizing, and today’s market simply cannot be compared to that of a few years ago, as the continuous escalation of prices could not be sustained. Today’s sellers that are serious, should work and listen to their real estate professionals that are experts in a particular area or community.  Not only do areas in Naples differ, so do communities and even locations within a community.

With our fabulous, central location in Naples, and all the incredible amenities that Grey Oaks has to offer, this community continues to be very desirable, evidenced by over 100 Members on the Golf Membership waitlist. While this is very fluid and difficult to verify an exact wait time, the Club is currently anticipating a 2-year wait for resident Members currently on the waitlist.  The overall age in Grey Oaks also keeps decreasing, with recent Sports and Golf Membership age around 62. Grey Oaks is a great place to call home, and thus the waitlist continues…

Naples Market Update

Reports show that overall inventory increased 18.2 percent to 5,885 properties in comparison to June 2024 of 4,927 properties (condominium inventory increased 23.3 percent from June 2024.) June saw a 5.35 percent decrease in new listings from June 2024) and with moderate softening of prices for buyers, and more choices, overall sales and pending sales increased 1.5 percent in June 2025.  This summer’s serious buyers have more options than they had in any summer in the last 10 years.

The June 2025 the overall average price of homes increased 12.4 percent to $1,220,472 from June 2024, while closed sale prices of homes over $5 million increased 13.6 percent over the last 12 months.

A very interesting note is that average overall price in June 2020 was $715,737. Values have dramatically changed in five years. Basically, if you bought a home before the pandemic, you are in a great position if you decide to sell. Sold prices vary significantly, depending on location and community, and it is important to use a real estate professional that truly knows your area or community, when it comes to buying or selling.

In the condominium market, median closed price in June 2025 decreased 5.5 percent to $453,500, and average closed condo price decreased 15.3 percent to $678,008, while the single-family average price increased 24 percent to $1,648,183.  Mandatory milestone inspections on most condominiums have been completed and according to analysts, Naples condos are not facing the same challenges as the east coast of Florida, where many of the condominiums built before 1992, were not adequately funded in their resources for possible structural repairs.  It is still important to note that the cost of living in an older condominium may increase yet, as associations may increase their reserves for insurance increases and repair reserves.  In June 2025, there was a 2.9 percent decrease in new condo listings, and overall condo inventory increased 23.3 percent from June 2024.

The market is correcting itself and prices are not appreciating at the rates they have been in the past, thus, serious buyers are coming back this summer, with the evidenced increase of 1.5 percent in closed and pending sales. We are currently at 9.2 overall months’ supply, with 98 overall, average days on market, and a 94.1 percent list price received. Compared to June 2024, there was an overall 7.1 months’ supply of inventory, 77 average days on the market, and 95 percent list price received.  It is very interesting to compare with June 2020, as Covid was a part of our lives, there was a 5.8 months’ supply, 96 average days on the market, and 95.2 percent price received.  Back in June 2020, the overall median sold price was $357,00 and average sold price was $715,737.

The appeal of Naples will always be there to the affluent home buyer, with all that Naples has to offer…so this summer is the time to find your dream home…it will be cold up north in a few, short months!

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