Search Results

Grey Oaks Naples Houses for Sale While overall Naples inventory increased 23.9 percent in May 2025 from May 2024, Grey Oaks is a bit atypical.  With 909 doors, Grey Oaks does not have that large of an inventory that one reads about constantly, with only 17 listings at end of day Friday, and 11 residences offered under $7 million. With less than 2% of total homes listed, this is quite low inventory. In fact, Collier County has the lowest inventory available in the region, with just 3.5 percent of total homes.    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 17 residences for sale, ranging from a $1.799 million to $10.75 million. There was one residence that went under contract or went pending in the last 120 days (had immediate golf) and 19 have closed in the last 120 days, ranging from $2,195,000 to $9,795,000. I was involved with five of those transactions.   The average days on the market in Grey Oaks, with the 19 closed transactions in the last 120 days, was 56 days, with three residences going under contract within five days. The overall average sold price was $4,155,474.  Of the 19 closed transactions, there was a 90 percent list price received of the original price. The percent of original list price received increases to 95 percent, when one uses data from either fully or mostly remodeled listings (5 of 19 sold were updated or mostly redone.)  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.   Summer months do tend to have more listings withdrawn, and four were withdrawn since May 1st. Ten of the seventeen listened residences have immediate golf 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.  Interesting fact about our home values in Grey Oaks: in May 2020, there had been 23 residences sold in the 120 days prior to May 20, 2020, with the average sold price of $1,952,442 with average 221 days on market, and 90 percent original list price received.   With our current economic uncertainty, buyers tend to take longer to pull the trigger and are negotiating more than they used to a few years ago, but real estate during the pandemic years was an anomaly. Today’s market simply cannot be compared to those years, thus 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.   Overall, the real estate tapestry is still well-woven in Grey Oaks, and residences are still being sold…19 is good in the last 120 days in this market!  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…

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!

Naples Market Update In a nutshell…it’s a buyer’s market. Overall inventory has continued to climb for the past 36 months, with a 36.1 percent inventory increase to 7,483 properties in comparison to March 2024 of 5,500 properties (condominium inventory increased 42.8 percent from March 2024.) March saw 1,617 new listing added to the market (5.1 percent increase from March 2024) and for buyers, that meant more choices, which has led to a seemingly “no urgency mentality.”  Overall closed sales decreased 9.3 percent from March 2024.   The March 2025 overall median closed price increased 0.1 percent to $650,000 from March 2024. A very interesting note is that median price in March 2020 was $372,750.  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.   In the condominium market, median closed price in March 2025 decreased 7.1 percent to $486,000, and average closed condo price decreased 8.9 percent to $916,157, while the single-family average price increased 9.9 percent to $1,638,001.  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 March 2025, there was a 9.0 percent increase in new condo listings, and overall condo inventory increased 42.8 percent from March 2024.   Prices are beginning to reflect the added 36.1 percent inventory increase, and sellers are becoming more competitive for buyers, with 3,305 price decreases reported in March – the highest on record.  (February had 2,883 price reductions and January had 2,668 price reductions.)  As more inventory is available to buyers, they are taking more time in making buying decisions. Basically, if there have not been many showing requests, it probably means the residence is priced too high.  According to analysts, some areas have been seeing declining values for homes purchased in 2022, especially in areas where the spec home market has produced an oversupply of home for sale, like Lake Park, Aqualane Shores, Old Naples, as a few of those areas.   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 11.4 overall months’ supply, with 86 average days on market, and a 94.7 percent list price received. Compared to March 2024, there was an overall 7.7 months’ supply of inventory, 68 average days on the market, and 95.7 percent list price received.  It is very interesting to compare with March 2020, as Covid became a part of life, there was a 6.4 months’ supply, 98 average days on the market, and 95.8 percent price received.  Back in March 2020, the overall median sold price was $372,750 and average sold price was $719,393.   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 Real Estate 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 11 residences offered under $7 million. There are some great finds in Grey Oaks! Of the twenty listings, eleven have immediate Golf Membership available, so those 99 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 $16.5 million. There were six residences that went under contract or went pending in the last 120 days, and 17 have closed in the last 120 days, ranging from $2,195,000 to $9,795,000. I was involved with three of those transactions.   The average days on the market in Grey Oaks, with the 17 closed transactions in the last 120 days, was 69 days, with three residences going under contract within five days. The overall average sold price was $4,944,941.  Of the 17 closed transactions, there was a 92 percent list price received. The percent of list price received increases to 95.5 percent, when one uses data from either fully or mostly remodeled listings. A few more interesting facts about our home values in Grey Oaks: in March 2020, there had been 24 residences sold in the 120 days prior to March 25, 2020, with the average sold price was $2,368,798 with average 254 days on market, and 88.3 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 just under 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.  I hosted a “Mom’s Night Out” cocktail and appetizer evening last year during Season, and the ages were from low 30’s to mid 40’s, and I know of at least three more younger families that have moved into Grey Oaks since then. This Club is continuously becoming a vibrant, younger, health-driven, exercise-filled and amazing community to be a part of.  I can personally attest that when we moved into Grey Oaks over twenty years ago with four children under the age of eight, the average age was NOT 62, so my husband and I have truly seen the incredible evolution of what this great Club has gone through.  It’s a great place to call home!   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!

Naples Market Update Overall inventory has continued to climb for the past 35 months, with a 35.8 percent inventory increase to 7,320 properties in comparison to February 2024 of 5,389 properties (condominium inventory increased 40.9 percent from February 2024.) February saw 1,710 new listing added to the market (0.1 percent decrease from February 2024) and for buyers, that meant more choices, which has led to a seemingly “no urgency mentality.”  Overall closed sales decreased 9.5 percent from February 2024, but they increased 6 percent compared to closed sales in January. The February 2025 overall median closed price increased 4 percent to $650,000 from February 2024. A very interesting note is that median price in February 2020 was $345,000.  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.  While the average overall closed price in February 2025 was $1,316,261 as compared to $1,106,544 of February 2024, the analysts at NABOR have chosen to use median prices to compare data, due to higher-priced sales that skew the average sales data, which would not be an accurate reflection of a typical, overall average. 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.  In the condominium market, median closed price in February 2025 decreased 0.4 percent to $500,000, although average closed condo price increased 13.9 percent to $916,157, compared to February 2024.  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 February 2025, there was a 1.6 percent decrease in new condo listings, and overall condo inventory increased 40.9 percent from February 2024. Prices are beginning to reflect the added 35.8 percent inventory increase, and sellers are becoming more competitive for buyers, with 2,883 price reductions in February (2,668 price reductions in January and 1,076 in December 2024.) As more inventory is available to buyers, they are taking more time in making buying decisions. Basically, if there have not had many showing requests, it probably means the residence is priced too high.  According to analysts, some areas are starting to see declining values for homes purchase in 2022, especially in areas where the spec home market has produced an oversupply of home for sale. The market is correcting itself and prices are not appreciating at the rates they have been in the past, and the sales have slowed slightly due to current economic conditions and a an overall lack of urgency on from buyers.  We are currently at 11 overall months’ supply, with 85 average days on market, and a 94.8 percent list price received. Compared to February 2024, there was an overall 7.4 months’ supply of inventory, 69 average days on the market, and 95.8 percent list price received.  It is very interesting to compare with February 2020, right before Covid became a part of life, there was a 6.6 months’ supply, 95 average days on the market, and 95.5 percent price received.  Back in February 2020, the overall median sold price was $345,000. 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! Grey Oaks Naples Homes for Sale Season is in full swing and while most of the Naples market is inundated with many listings and not enough buyers, percentage-wise to other communities, Grey Oaks real estate , with 909 doors, does not have a large inventory (2.2%). For example, Mediterra, a similar-sized, country club community, currently has 41 listings (4.4%), and our neighbor, Kensington (about 566 doors) has 14 listings available (2.5%.)  In speaking to many other real estate professionals that do business in other areas, the buyers just seem to have no urgency.  As season begins to come to an end next month, showings typically increase and we feel many will be pulling the trigger to purchase.  With our incredible location in town and our amazing amenities, Grey Oaks stands out even in the level of lower listings.  In Grey Oaks, there are currently 20 residences for sale (with seven listings over $7 million) ranging from a $1.995 million to $16.5 million. There were six residences that went under contract or went pending in the last 120 days, and 19 have closed in the last 120 days, ranging from $1,975,000 to $9,795,000. I was involved with four of those transactions. The average days on the market in Grey Oaks, with the 19 closed transactions in the last 120 days, was 106 days, due mainly to a few listings that were over 250 days on the market. The overall average sold price was $4,927,053.  Of the 19 closed transactions, there was a 93.6 percent list price received. A few more interesting facts about our home values in Grey Oaks: in February 2020, there had been 21 residences sold in the 120 days prior to February 28, 2020, with the average sold price was $2,662,388 with average 241 days on market, and 88.3 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 a very desirable, evidenced by just under 100 Members on the Golf Membership waitlist. While this is very fluid and difficult to verify an exact wait time, the Club is now currently anticipating a 2-year wait for resident Members on the waitlist. 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!

December 2024 Naples Market Overview Inventory continues to climb in Naples, with a 35.7 percent increase in overall inventory compared to December 2023. Condominium inventory saw an even more significant jump of 45.4 percent from the previous year. Buyers took advantage of increased options, with pending sales rising by 7.4 percent, reflecting strong seasonal demand. The December overall median closed price was $600,000, down 4 percent from December 2023. Interestingly, this shift was largely influenced by a 13.9 percent decrease in the condominium market, where the median closed price dropped to $447,750. In contrast, single-family home values remained resilient, with the median closed price increasing by 2.3 percent to $767,500. The average overall closed price in December 2024 was $1,029,394, marking a 7.9 percent decrease from last year. Despite this, Naples continues to maintain strong property values, as seen in the long-term growth of the market. For context, the average closed price in December 2019 (the last year when activity was not influenced by a pandemic or hurricanes) was $599,913, demonstrating a significant appreciation over five years. In the condominium market, while median closed prices dropped, the supply of condos surged, increasing 45.4 percent year-over-year. More new condo listings are expected in the coming months, and as associations prepare for increased insurance costs and potential repairs, older condominium costs may rise. These factors will continue to shape pricing trends. Sellers are adapting to the rising inventory levels, with 1,076 price reductions in December as compared to 1,288 in November, signaling more competitive pricing strategies. The months’ supply of inventory has grown to 8.6 months, an increase from 5.7 months in December 2023, indicating a shift towards a more balanced market. Days on market also increased to 84, up from 59 last year, further reflecting changing market dynamics. Naples remains an attractive destination for affluent buyers, offering a combination of desirable weather, high-quality dining, shopping, and a luxury lifestyle that continues to drive long-term property value appreciation. Grey Oaks Houses For Sale As of today  in Grey Oaks, there are currently 19 residences for sale, ranging from a $2.875 million to $15.9 million. As of just a few weeks ago, we were down to only 13 listings.  We are located in such great proximity to downtown, the beaches, and shopping, that inventory in Grey Oaks is much lower percentagewise, as compared to other communities.  For example, Mediterra is a similar-sized community, yet there are typically 44-48 listings at any given time. As of today in Grey Oaks, there were nine residences that went under contract or went pending in the last 120 days, and 16 have closed in the last 120 days, ranging from $1,975,000 to $9,650,000. I was involved with 5 of those transactions. The average days on the market for Grey Oaks real estate , with the 16 closed transactions in the last 120 days, was 140 days, due to two residences that were on the market over 250 days. In our price points, it does typically take longer to sell, than an average residence in Naples. The overall average sold price was $4,726,250.  Of the 16 closed transactions, there was a 90.8 percent list price received, but that was significantly brought down by properties that had not been remodeled or updated.  If one looks at the 16 sold residences that had at least some amount of remodeling or a complete update (nine of them) the average price received jumps to 93 percent.  With our fabulous, central location in Naples, and all the incredible amenities that Grey Oaks has to offer, this community continues to be a very desirable, evidenced by the approximately 80 Members on the Golf Membership waitlist. The Club is now currently anticipating a 2-year wait for resident Members on the waitlist.

Naples Market Update Overall inventory has continued to climb for the past 34 months, with a 40 percent inventory increase in comparison to January 2024 (condominium inventory increased 49 percent from January 2024.) January buyers were welcomed with a 22.6 percent of new inventory, and for buyers, that meant more choices than they have ever had in any month in the last five years. The January 2025 overall median closed price increased to $659,000, up 9.4 percent from January 2024.  A very interesting note is that median price in January 2020 was $343,000!  Values have dramatically changed in five years! While the average overall closed price in January 2025 was $1,317,472 as compared to $1,1099,785 of January 2024, the analysts at NABOR have chosen to use median prices to compare data, due to higher-priced sales that skew the average sales data, which would not be an accurate reflection of a typical, overall average. In the condominium market, median closed price in January 2025 decreased 2.7 percent to $466,000, although average closed condo price increased 1.7 percent to $766,362, compared to January 2024.  Mandatory milestone inspections on most condominiums have been completed and according to analysts, Naples condos 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 more new listings are expected in the coming months, the cost of living in an older condominium may increase yet, as associations may increase their reserves for insurance increases and repair reserves.  In January 2025, there was a 23.2 percent increase in new condo listings, which increased inventory by 49 percent. Prices are beginning to reflect the added 40 percent inventory increase, and sellers are becoming more competitive for buyers, with 2,668 price reductions in January 2025 (December 2024 had 1,076 price reductions) although many began with aspirational pricing.  As more inventory is available to buyers, they are taking more time in making buying decisions, as the market becomes more of a buyer’s market. Basically, if there have not had many showing requests, it probably means the residence is priced too high. We are currently at 10.2 overall months’ supply, with 92 average days on market, and a 94.8 percent list price received. Compared to January 2024, there was an overall 6.7 months’ supply of inventory, 62 average days on the market, and 95.8 percent list price received.  According to the analysts, 12 months of inventory is historically considered a balanced market.  It is very interesting to compare with January 2020, right before Covid became a part of life, there was a 6.6 months’ supply, 107 average days on the market, and 95.4 percent price received.  Back in January 2020, the overall median sold price was $343,000. The appeal of Naples will always be there to the affluent home buyer. Naples still has lower luxury home prices, compared to other luxury markets, we have a steady growth in our property values, (while not at the levels of earlier years) and the overall continued attraction to all that Naples has to offer, including weather, beaches, a dynamic restaurant scene, theater, shopping, and a lifestyle that is hard to beat!  Grey Oaks Homes For Sale Season is in full swing and while most of the Naples market is inundated with many listings and not enough buyers, percentage-wise to other communities, Grey Oaks does not have a large inventory.  For example, Mediterra, a similar-sized, country club community, currently has 41 listings, and our neighbor, Kensington (about 566 doors) has 21 listings available. Noted that both have a few more condo neighborhoods.  In speaking to a few real estate professionals that do business in other areas, the buyers just seem to be taking their time.  With our incredible location in town and our amazing amenities, Grey Oaks stands out even in the level of lower listings.  In Grey Oaks, there are currently 20 residences for sale, ranging from a $1.995 million to $15.9 million. There were nine residences that went under contract or went pending in the last 120 days, and 16 have closed in the last 120 days, ranging from $1,975,000 to $9,650,000. I was involved with 5 of those transactions. The average days on the market for Grey Oaks real estate, with the 16 closed transactions in the last 120 days, was 140 days, due mainly to a few listings that were over 250 days on the market. The overall average sold price was $4,726,250.  Of the 16 closed transactions, there was a 91 percent list price received, but that was brought down by properties that had not been remodeled or updated.  If one looks at the 16 sold residences that had a major remodel (or good portion of residence was – 8) the average price received jumps to 94 percent.  A few more interesting facts about our home values in Grey Oaks: in January 2020, there had been 17 residences sold in the 120 days prior to January 31, 2020, with the average price of $2,852,303, with average 243 days on market, and 86 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 a very desirable, evidenced by the approximately 80+ Members on the Golf Membership waitlist. While this is very fluid and difficult to verify an exact wait time, the Club is now currently anticipating a 2-year wait for resident Members on the waitlist.

Grey Oaks Country Club Update It is hard to imagine, with bright sunshine and blue skies this morning, that yesterday even existed, with fierce winds and rising waters near the beach and canals. Naples was “spared" yesterday, with Hurricane Milton making landfall near Siesta Key, with winds of 120 miles per hour. Throughout Naples, especially in Zones A and B, many stoplights are still not working and many household without electricity. Overall, we are blessed, from what it could have been. In Grey Oaks , driving around this early morning, there were a lot of palm fronds down everywhere, debris and leaves all over, with some downed trees, but nothing compared to what it could have been. There are some neighborhoods that I know of, such as Isla Vista, Traditions, Torino…that still do not have electricity, but the POA is working with FPL to get it restored as soon as possible. I have been in touch with a few of my customers that have generators…and they are all purring nicely. Duly noted for next time, as I think that may be our next project. While driving around Grey Oaks Drive this morning, Venezia had clear signs of severe wind damage, with a large tree down on the south side of the entrance. After checking on the status of my listings in the community, it is clear that while there was some damage, the overall impact was minimal compared to what many feared. Neighbors have already started to check on each other, offering a helping hand where needed. The Grey Oaks maintenance teams were out at the crack of dawn, clearing the golf courses and common areas, making sure the community gets back to normal as quickly as possible before season kicks off. Looking around at the homes that had hurricane shutters securely fastened, it’s evident how much those preparations paid off. Homes came through unscathed because of those safety measures. Still, as we assess the aftermath, it’s a good reminder to consider how we can be even better prepared for the next storm. With a number of homes still without power, the value of generators is more apparent than ever, and I expect we will see many people adding them to their homes in the coming months. Many sidewalks are cluttered with debris, and a few medium-sized branches have come down during the storm. For now, the focus is on cleaning up and moving forward, and we can’t help but feel grateful that we were spared the worst. Grey Oaks has shown its strength once again, with the resilience of the community shining through. While there’s still some debris and a few power outages, today’s sunshine feels like a fresh start, and the road to recovery is well underway. Below is a slideshow of images from around Grey Oaks, to show you the extent of what Milton left behind. In many neighborhoods in Grey Oaks, clean up began very early this morning. Overall, we were lucky and blessed, compared to others further north and in areas close to the Gulf. If you evacuated or are currently away, I hope this Milton update from Grey Oaks helps ease any concerns you may have had! 10/16/2024 Update: After driving through all of the neighborhoods within Grey Oaks and exploring other communities within the city limits of Naples, it appears that power has been restored to the majority of houses and businesses. FPL trucks can be seen working during all daylight hours in effort to bring electricity back to any areas still affected by outages. There was significant flooding along the coast but the extent of this damage did not reach neighborhoods like Grey Oaks and Estuary due to the ±2 mile distance to the coast. Coastal cities further north of Naples did not get so lucky, with high levels of storm surge reported from Sarasota to north of the the Tampa Bay Area.

Naples Market Overview Overall inventory has continued to climb for the eleventh month in a row, resulting in a 59 percent increase in comparison to June 2023, with condominium inventory increasing 79.8 percent from June 2023. Today’s buyers are finding more inventory to choose from and are taking their time to decide on the right home in the right area for their needs. This summer seems to be quieter than last summer, from my own experience, and overall closed sales have decreased 17.3 percent from June 2023. Overall, June median closed price was at $595,000, a 0.8 percent decrease from June, 2023, and the overall average closed price was $1.85 million. Sellers are becoming more competitive for buyers, with 1,351 price reductions in June, 1,710 price decreases in May, and before that, April had 2,365 price decreases, the largest in over five years, which shows that many sellers are finally moving from aspirational pricing to realistic market pricing. As more inventory is available to buyers, serious sellers are taking the cue. Overall pending listings decreased 11.1 percent from June, 2023. We are currently at 6.7 overall months’ supply, with 78 average days on market, and a 95.0 percent list price received. Compared to June, 2023, there was an overall 3.9 months’ supply of inventory, 50 average days on the market, and 96.2 percent list price received. Interesting to compare with pre-Covid data of June 2019, there was an overall 6.9 months’ supply, 104 average days on the market, and 95.6 percent price received. Home values have doubled since 2019. The appeal of Naples continues to grow to the affluent home buyer. Three factors have helped: Naples has lower luxury home prices, compared to other luxury markets, we have a steady growth in our property values, and the overall continued attraction to all that Naples has to offer, including weather, beaches, a dynamic restaurant scene, theater, shopping, and a lifestyle that is hard to beat! There is also good news on the insurance front, as nine new insurance companies have entered the Florida market. Now we just pray for a lackluster Hurricane season… Grey Oaks Homes For Sale In Grey Oaks , there are currently 18 residences for sale, ranging from $2.19 million to $15.9 million Only five residences went under contract or went pending in the last 120 days, and 27 have closed in the last 120 days, ranging from $1.47 million to $11,500,000. I was involved with 6 of those transactions. The average days on the market in Grey Oaks, with the 27 closed transactions in the last 120 days, was 83 days, as four properties took quite a long time to sell, for various reasons. With our fabulous, central location in Naples, and all the incredible amenities that Grey Oaks has to offer, this continues to be a very desirable community, evidenced by the approximately 94 Members on the Golf Membership waitlist. While this is very fluid and difficult to verify an exact wait time, the Club is now currently anticipating a 4-year wait time. Considering purchasing or selling in Grey Oaks Country Club? Reach out to me for expert assistance and discretion every step of the way.

Naples Market Overview Overall inventory has continued to climb for the past 29 months, according to analysts, resulting in a 54.3 percent increase in comparison to August 2023, with condominium inventory increasing 54.3 percent from August 2023. Today’s buyers are finding more inventory to choose from and are taking their time to decide on the right home in the right area for their needs. This summer has been even quieter than last summer, from my own experience, as well as speaking to many real estate professionals. Overall closed sales have decreased 27.8 percent from August 2023, and even the pending sales activity reported a 15.8 percent decline in August 2024, compared to last year in August. Overall, August median closed price was at $600,000, exact same as August, 2023, and the overall average closed price was $1,031,000 in August. Sellers are becoming more competitive for buyers, with continual price reductions, due to aspirational pricing and fewer buyers, all seeking greater values. As more inventory is available to buyers, serious sellers are taking the cue. While there were almost 1,100 price decreases in August (the lowest monthly number in 2024,) there were also almost 1,900 residences withdrawn from the market in the last 120 days, with sellers hoping to capture the upcoming seasonal buyers Typically, competition increases in October, with new listings vying for the same buyers. We are currently at 6.0 overall months’ supply, with 80 average days on market, and a 95.5 percent list price received. Compared to August 2023, there was an overall 3.9 months’ supply of inventory, 54 average days on the market, and 96.3 percent list price received. It is very interesting to compare with pre-Covid data of August 2019, there was the same 6.0 months’ supply, 103 average days on the market, and 95.6 percent price received. Similar statistics…but we have much different home values. The average overall price of sold residences in August 2019 was $514,202 (compared to $600,000 August 2024.) Due to the pandemic and frenzy buyers moving to Florida during that time, home values have doubled since 2019. That time is now over, and we cannot expect every year to be a record breaker. High interest rates and high insurance premiums are creating obstacles. The devastation of Hurricane Helene certainly will not help the insurance situation. The appeal of Naples will always be there to the affluent home buyer. Naples still has lower luxury home prices, compared to other luxury markets, we have a steady growth in our property values, and the overall continued attraction to all that Naples has to offer, including weather, beaches, a dynamic restaurant scene, theater, shopping, and a lifestyle that is hard to beat! It just has slowed down from the frenzied numbers we had some years ago and it is not the same market. Grey Oaks Naples Homes For Sale In Grey Oaks , there are currently 15 residences for sale, ranging from $2.195 million to $15.9 million. Only three residences went under contract or went pending in the last 120 days, and 15 have closed in the last 120 days, ranging from $1,475,000 to $6,510,000. I was involved with 4 of those transactions. The average days on the market in Grey Oaks, with the 15 closed transactions in the last 120 days, was 92 days, as three properties took quite a long time to sell, for various reasons. With our fabulous, central location in Naples, and all the incredible amenities that Grey Oaks has to offer, this community continues to be a very desirable, evidenced by the approximately 97 Members on the Golf Membership waitlist. As of October 1st, the Golf Membership increased to $300,000 and the Sports Membership to $125,000. While this is very fluid and difficult to verify an exact wait time, the Club is now currently anticipating a 4-year wait time. Considering purchasing or selling in Grey Oaks Country Club? Reach out to me for expert assistance and discretion every step of the way.

Naples Market Overview Overall inventory has continued to climb for the past 28 months, according to analysts, resulting in a 50.5 percent increase in comparison to July 2023, with condominium inventory increasing 66.9 percent from July 2023. Today’s buyers are finding more inventory to choose from and are taking their time to decide on the right home in the right area for their needs. This summer has been even quieter than last summer, from my own experience, as well as speaking to many real estate professionals. Overall closed sales have decreased 2.6 percent from July 2023, and even the pending sales activity reported a 15.7 percent decline in July 2024, compared to last year in July. Overall, July median closed price was at $590,000, a 0.8 percent decrease from July, 2023, and the overall average closed price was $942,095 in July. (Last month in June, average closed price was $1.85 million.) Sellers are becoming more competitive for buyers, with continual price reductions, due to aspirational pricing and fewer buyers, all seeking greater values. As more inventory is available to buyers, serious sellers are taking the cue. Overall pending sales decreased 15.7 percent from July, 2023. We are currently at 6.2 overall months’ supply, with 81 average days on market, and a 94.8 percent list price received. Compared to July 2023, there was an overall 3.9 months’ supply of inventory, 56 average days on the market, and 96.1 percent list price received. Interesting to compare with pre-Covid data of July 2019, there was an overall 6.4 months’ supply, 103 average days on the market, and 95.5 percent price received. Similar statistics…but we have much different home values. Due to the pandemic and frenzy buyers moving to Florida during that time, home values have doubled since 2019. That time is now over, and we cannot expect every year to be a record breaker. High interest rates and high insurance premiums are creating obstacles. Naples still has mostly cash buyers, but that number has dropped to 51.9 percent in July 2024, compared to 61.2 percent in January 2024. The appeal of Naples will always be there to the affluent home buyer. Naples still has lower luxury home prices, compared to other luxury markets, we have a steady growth in our property values, and the overall continued attraction to all that Naples has to offer, including weather, beaches, a dynamic restaurant scene, theater, shopping, and a lifestyle that is hard to beat! It just has slowed down from the frenzied numbers we had some years ago. Now we pray for a lackluster rest of Hurricane season…and the new season will be upon us! Grey Oaks Houses for Sale In Grey Oaks, there are currently 16 residences for sale, ranging from $2.195 million to $15.9 million. Only two residences went under contract or went pending in the last 120 days, and 23 have closed in the last 120 days, ranging from $1,475,000 to $11,500,000. I was involved with 6 of those transactions. The average days on the market in Grey Oaks, with the 23 closed transactions in the last 120 days, was 96 days, as four properties took quite a long time to sell, for various reasons. With our fabulous, central location in Naples, and all the incredible amenities that Grey Oaks has to offer, this community continues to be a very desirable, evidenced by the approximately 101 Members on the Golf Membership waitlist. While this is very fluid and difficult to verify an exact wait time, the Club is now currently anticipating a 4-year wait time. Considering purchasing or selling in Grey Oaks Country Club ? Reach out to me for expert assistance and discretion every step of the way.

Naples Market Overview Overall inventory has continued to climb for the past 30 months, according to analysts, resulting in a 37.3 percent inventory increase in comparison to September 2023, with condominium inventory increasing 53.7 percent from September 2023. Today’s buyers are finding more inventory to choose from and are taking their time to decide on the right home in the right area for their needs. This past summer has been even quieter than last summer, and September had Hurricane Helene, with 11 percent fewer showings than September 2023, thus overall closed sales in September decreased 13.2 percent from September 2023, but a much better number of closed sales than the previous month of August 2024, when closed sales decreased 27.8 percent from August 2023, so sales are on an upswing. Pending sales increased 1 percent from September 2023.   Overall, September median closed price was at $588,560, up 2.4 percent from September 2023 but the this is the lowest medium closed price reported this year in 2024.  A very interesting note is that median price in September of 2019 was $325,000!  The average overall closed price in September 2024 was $1,010,209, up 7.3 percent from last September.   In the condominium market, however, median closed price in September decreased 4.3 percent to $450,000, and prices may continue to experience downward pressure for condominiums that are three stories and higher, and that are 25 years or older, due to the mandatory milestone inspections that are all due to be fully completed by year’s end. The cost of ownership for those condominiums may increase significantly due to insurance costs, flood disclosures now mandatory to buyers, and the required higher reserves that may be needed if any structural problems are found from the milestone inspections.   Sellers are becoming more competitive for buyers, with continual price reductions, due to aspirational pricing and fewer buyers, all seeking greater values. As more inventory is available to buyers, serious sellers are taking the cue. Even with the price decreases, the experts reviewing the data have not seen a loss of value yet.   We are currently at 6.3 overall months’ supply, with 83 average days on market, and a 95.0 percent list price received. Compared to September 2023, there was an overall 4.2 months’ supply of inventory, 59 average days on the market, and 96.1 percent list price received. It is very interesting to compare with pre-Covid data of September 2019, there was the same 6.1 months’ supply, 102 average days on the market, and 95.7 percent price received.  Similar statistics…but we have much different home values.  The average overall price of sold residences in September 2019 was $499,385 (compared to $1,010,209 in September 2024.)  Due to the pandemic and frenzy buyers moving to Florida during that time, home values have doubled since 2019.   During an election year, there are always buyers and sellers that stay on the sidelines, so inventory and sales may increase after the election.  Interestingly, according to data from NAR and HUD, home sales have increased following nine of the eleven presidential elections.   The insurance market is becoming healthier and a bit more competitive with ten, new insurance companies that have entered the market.   The appeal of Naples will always be there to the affluent home buyer. Naples still has lower luxury home prices, compared to other luxury markets, we have a steady growth in our property values, and the overall continued attraction to all that Naples has to offer, including weather, beaches, a dynamic restaurant scene, theater, shopping, and a lifestyle that is hard to beat! It just has slowed down from the frenzied numbers we had some years ago and it is not the same market. Homes for Sale in Grey Oaks As for Grey Oaks real estate , there are currently 17 residences for sale ranging from $2.195 million to $15.9 million. Only three residences went under contract or went pending in the last 120 days, and 15 have closed in the last 120 days, ranging from $1,475,000 to $9,650,000. I was involved with 5 of those transactions.   The average days on the market in Grey Oaks, with the 15 closed transactions in the last 120 days, was 80 days.  The median sold price was $3,250,000 and the overall average sold price was $3,731,333.  Of the 15 closed transactions, there was an 89.8 percent list price received, but that was significantly brought down by properties that had not been remodeled or updated.  If one looks at the 15 sold residences that had at least some amount of remodeling or a complete update (five of them) the average price received jumps to 95.3 percent.  Another interesting fact about our home values in Grey Oaks:  in September 2019, pre-Covid, there had been 13 residences sold in the 120 days prior to September 30, 2019, with the average price of $1,821,538!   With our fabulous, central location in Naples, and all the incredible amenities that Grey Oaks has to offer, this community continues to be a very desirable, evidenced by the approximately 90+ Members on the Golf Membership waitlist. As of October 1st, the Golf Membership increased to $300,000 and the Sports Membership to $125,000. While this is very fluid and difficult to verify an exact wait time, the Club is now currently anticipating a 4-year wait time.

Naples Market Overview Overall inventory has continued to climb for the past 31 months, with a 30.9 percent inventory increase in comparison to October 2023 (a 13.9 percent increase from September.) Condominium inventory increased 43.9 percent from October 2023. Today’s buyers are finding more inventory to choose from and are taking their time to decide on the right home in the right area for their needs. This October was very unique, as it had two hurricanes to deal with, as well as an election, and many buyers and sellers stood on the sidelines until the election was over with.  There were 17 percent fewer showings than October 2023, overall closed sales in October decreased 21.6 percent from October 2023, while pending sales decreased 20 percent from October 2023. October overall median closed price was at $568,500, down 3.6 percent from October 2023 and this is the lowest medium closed price reported this year in 2024.  A very interesting note is that median price in October of 2019 was $329,950. Values have dramatically changed in five years! The average overall closed price in October 2024 was $905,728, a 2.4 percent decrease from last October.   In the condominium market, however, median closed price in October decreased 8.1 percent to $413,750, and prices may continue to experience downward pressure for condominiums that are three stories and higher, and that are 25 years or older, due to the mandatory milestone inspections that are all due to be fully completed by year’s end. The cost of ownership for those condominiums may increase significantly due to insurance costs, flood disclosures now mandatory to buyers, and the required higher reserves that may be needed if any structural problems are found from the milestone inspections.  Prices are beginning to reflect the added competition of a 30.9 percent inventory increase, and Sellers are becoming more competitive for buyers, with 1,003 price reductions in October, although many began with aspirational pricing. As more inventory is available to buyers, serious sellers are taking the cue. We are currently at 7.1 overall months’ supply (slightly edging toward a buyer’s market) with 89 average days on market, and a 95.1 percent list price received. Compared to October 2023, there was an overall 4.9 months’ supply of inventory, 56 average days on the market, and 96.0 percent list price received. It is very interesting to compare with pre-Covid data of October 2019, there was a 6.4 months’ supply, 104 average days on the market, and 95.6 percent price received.  Somewhat similar statistics…but we have much different home values. The average overall price of sold residences in October 2019 was $512,026 (compared to average sold of $905,728 in October 2024.) For single-family in October of 2019, the average closed sale was $641,804 and in October 2024, the average sold price of a single-family was $1,134,295. Values have certainly changed since 2019. The appeal of Naples will always be there to the affluent home buyer. The U.S. News & World Report’s Best Places to Retire report just named Naples as the number 1 place in America to retire. Naples still has lower luxury home prices, compared to other luxury markets, and the overall continued attraction to all that Naples has to offer, including weather, beaches, a dynamic restaurant scene, new residential and retail developments, theater, shopping, and a lifestyle that is hard to beat! Check out the article and methodology at https://realestate.usnews.com/places/rankings/best-places-to-retire . Grey Oaks Homes for Sale Naples FL In Grey Oaks, there are currently 16 residences for sale, ranging from a $2.195 million condominium in Traditions to a new, $15.9 million residence under construction in the Estates. Seven residences have gone under contract or went pending in the last 120 days, and 10 residences have closed in the last 120 days, ranging from $1,785,000 to $9,650,000. I represented five of those transactions, as I was involved with representing the buyer and the seller for one listing. The average days on the market in Grey Oaks, with the 10 closed transactions in the last 120 days, was 102 days on market (compared to overall 89 days on market for Naples.) The overall average list price in last 120 days was $4.5 million, while the overall average sold price was $4.1 million. Of the 10 closed transactions in the last 120 days, excluding one that sold for over asking price (updated and great views) there was a 90 percent list price received. The percent of list price received is always higher if there has been remodeling done, has great views, or has immediate golf. If one looks at the 10 sold residences that had at least some amount of remodeling or a complete update (five of them) the average price received jumps to 93 percent list price received. Another interesting fact about our home values in Grey Oaks: in October 2019, pre-Covid, there had been 7 residences sold in the 120 days prior to October 30, 2019, with the average sold price of $2,189,286! With our fabulous, central location in Naples, and all the incredible amenities that Grey Oaks has to offer, this community continues to be a very desirable, evidenced by the approximately 102 Members on the Golf Membership waitlist. As of October 1st, the Golf Membership increased to $300,000 and the Sports Membership to $125,000. While this is very fluid and difficult to verify an exact wait time, the Club is now currently anticipating a 4-year wait time.