Naples and Grey Oaks Real Estate Update (April 2025)

Naples Market Update

Great news, as April had highest overall monthly closed sales in 2025, which made a nice dent in inventory, but unfortunately, April 2025 overall sales decreased 12.3 from April 2024.  In a nutshell…it’s still a buyer’s market. Overall inventory has continued to climb for the past 37 months, with a 33.5 percent inventory increase to 7,254 properties in comparison to April 2024 of 5,432 properties (condominium inventory increased 39.7 percent from April 2024.) April 2024 saw a 3.1 percent decrease of overall new listings, as season came to an end.

The April 2025 overall median closed price decreased 10 percent to $585,000 from April 2024. A very interesting note is that median price in April 2020 was $340,000.  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 median 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. NOTE: while the average, overall sold price increased 25.5 percent, that is not a good metric to use in April, as there were two Port Royal properties that sold for $85 million and $225 million, which skews the average sold price. 

The market is correcting itself and prices are not appreciating at the rates they have been in the past, and the sales have slowed due to current economic uncertainty, stock market fluctuations, sellers still holding tight to aspirational prices, and an overall lack of urgency from buyers. We are currently at 11.2 overall months’ supply, with 84 average days on market, and a 94.3 percent list price received. Compared to April 2024, there was an overall 7.5 months’ supply of inventory, 66 average days on the market, and 95.8 percent list price received.  It is very interesting to compare with April 2020, as Covid became a part of life, there was a 6.2 months’ supply, 87 average days on the market, and 95.9 percent price received.  Back in April 2020, the overall median sold price was $340,000 and average sold price was $555,000.

The appeal of Naples will always be there to the affluent home buyer, with all that Naples has to offer, but the market certainly has changed over the last year. Naples will always have that appeal and your dream home awaits you…so now’s the time to find it!

Grey Oaks Houses for Sale

Grey Oaks, with 909 doors, does not have that large of an inventory that one reads about constantly, with 20 listings at end of day Friday, and only 12 residences offered under $6 million. There are some great finds in Grey Oaks! Of the twenty listings, nine have immediate Golf Membership available, so those 90+ people on the waitlist should take a look at some of these beautiful residences.

With our incredible location in town and our sought-after amenities, Grey Oaks stands out even in the level of lower listings, percentage-wise, to other country club communities. In Grey Oaks, there are currently 20 residences for sale, ranging from a $1.799 million to $10.75 million. There were four residences that went under contract or went pending in the last 120 days, and 18 have closed in the last 120 days, ranging from $2,195,000 to $9,795,000. I was involved with four of those transactions.

The average days on the market for Grey Oaks real estate, with the 18 closed transactions in the last 120 days, was 53 days, with three residences going under contract within five days. The overall average sold price was $4,477,444.  Of the 18 closed transactions, there was a 91 percent list price received of the original price The percent of list price received increases to 95 percent, or original price, when one uses data from either fully or mostly remodeled listings. A few more interesting facts about our home values in Grey Oaks: in April 2020, there had been 26 residences sold in the 120 days prior to March 28, 2020, with the average sold price of $2,302,352 with average 258 days on market, and 88 percent original list price received.

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 90 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…

The appeal of Naples will always be there to the affluent home buyer, with all that Naples has to offer, including weather, beaches, a dynamic restaurant scene, theater, shopping, and a lifestyle that is hard to beat! The remarkable high-end properties under construction that include the Four Seasons, Naples Beach Residences, Rosewood Residences, Ritz Carlton Residences, Olana Naples Residences, among others, will make Naples even more of a destination resort town now and in the future!