Craig Jones Presented By STATE OF THE MARKET The Moorings single -FaMily hoMes at large
The Moorings single -FaMily hoMes January 1, 2019 through July 31, 2022. 2019 2020 2021 2022 Units Sold 63 87 83 27 Days on Market 159 143 61 53 Average Sales Price/SF $665 $696 $911 $1,528 Sales Price/List Price Ratio 93.46% 93.92% 98.47% 97.80% Lowest $/SF $339 $353 $435 $879 Highest $/SF $1,116 $1,507 $2,925 $2,537 Average List Price/Average Original List Price 4.48% ▼ 0.38% ▼ 0.13% ▼ 0.61% ▲ Change in Sales Price Year Over Year NA 4.66% ▲ 30.89% ▲ 67.73% ▲ Percentage of Cash Sales 68% 78% 77% 85% Average Age of Homes Sold 22 22 26 28 Sales of Homes Built Since 2015 37% 31% 23% 26%
single -FaMily hoMes available in The Moorings As of August 10, 2022, and on the Market 90 Days or Less. Address List Price List $/SF Original List $ L$/OL$ Beds/Baths SFUA Year Built DOM 205 Spring Line Dr $7,995,000 $2,137 $7,995,000 100.00% 4+Den/3(1) 3,741 1980 5 2467 Crayton Rd $4,950,000 $1,289 $4,950,000 100.00% 4+Den/3(1) 3,839 2003 28 650 Regatta Rd $7,495,000 $1,743 $7,495,000 100.00% 5 Bed/5(1) 4,300 2014 33 694 Regatta Ct $3,795,000 $1,136 $3,795,000 100.00% 4+Den/3(0) 3,342 1979 42 626 Regatta Rd $3,295,000 $1,302 $3,295,000 100.00% 4 Bed/3(0) 2,531 1976 45 3215 Regatta Rd $3,375,000 $1,480 $3,375,000 100.00% 4 Bed/2(1) 2,281 1967 45 2301 Crayton Rd $8,300,000 $1,633 $8,300,000 100.00% 4+Den/4(1) 5,082 2014 47 777 Anchor Rode Dr $5,400,000 $1,354 $5,400,000 100.00% 4+Den/4(1) 3,989 2022 48 3130 Leeward Ln $3,200,000 $943 $3,495,000 91.56% 3+Den/3(1) 3,395 1978 52 550 Starboard Dr $4,395,000 $1,131 $4,395,000 100.00% 3+Den/3(0) 3,885 1996 53 540 Harbour Dr $5,475,000 $2,010 $5,475,000 100.00% 3+Den/2(1) 2,724 2004 57 211 Bay Pt $11,295,000 $2,170 $11,750,000 96.13% 4+Den/4(1) 5,205 2012 59 614 Bow Line Dr $5,250,000 $1,166 $5,250,000 100.00% 4+Den/5(1) 4,501 2006 62 470 Wedge Dr $5,950,000 $1,578 $6,250,000 95.20% 4+Den/4(1) 3,770 2020 65 3200 Crayton Rd $6,300,000 $1,702 $6,300,000 100.00% 4+Den/4(1) 3,702 2022 73 595 Wedge Dr $2,850,000 $1,754 $3,250,000 87.69% 2 Bed/2(0) 1,625 1969 87 337 Mooring Line Dr $6,950,000 $2,294 $8,299,000 83.75% 4 Bed/3(0) 3,030 1970 87 Average $5,662,941 $1,578 $5,827,588 3,585 1996 52
Real estate markets are cyclical, but Naples’ fabulous weather and perfect Gulf-front location are forever. Whether you are seizing the opportunity to make real estate investments that offer pleasure in the present and upside potential for the longterm or seeking to sell a home in the shortest amount of time for the best price possible, my insight into the marketplace and commitment to providing exemplary service to every client every day can benefit you. I have achieved $390 million in sales and a ranking in the top one-half of one percent of the 13,000 real estate agents in Collier County. May I help you?
This area north of Old Naples and Coquina Sands offers easy access to pristine beaches and all the conveniences. Low-rise and mid-rise condominiums dot the wide, sandy stretches of Gulf beach, while the condominiums on the east side of Gulf Shore Drive have serene views of inland waterways. Do you prefer a single-family home? You can choose architectural styles: midcentury, ranch-style homes; Venetian-style villas and townhomes; and contemporary residences. Private beach access at The Moorings is one of many perks enjoyed by residents, who also have several shopping and dining venues nearby. The Moorings Country Club features an 18-hole golf course and dining for members.
Range of Single-Family Sale Prices
now is The TiMe.
The sale prices of single-family homes in The Moorings range from $4 million to $13 million, depending on views and age of build. Getting There The Gulf of Mexico is the western boundary for this community, with Tamiami Trail (U.S. 41) to the east, Banyan Boulevard to the south and Binnacle Drive to the north.
Why The Moorings?
©2022 Naples at Large. All rights reserved. Based on information from the Southwest Florida Multiple Listing Service for January 1, 2019, through July 31, 2022. Properties included in the data were listed and/or sold by various MLS participating offices. This material may not be reproduced, displayed, modified, or distributed without the express written permission of the copyright holder. John R. Wood Properties fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Information deemed accurate but not guaranteed. Sales in the first half of 2020 were almost nonexistent due to COVID-19. But in late 2020, throughout 2021, and into the first quarter of 2022, COVID-19 prompted increased buyer demand for single-family homes in all of Naples and, in The Moorings, the average sales price increased by 30% for 2020 versus 2021 and increased again by 50% for 2021 to date in 2022. Inventory was scarce, buyers had to move quickly, risk making offers sight-unseen, participate in bidding wars, bring cash to the table, and forfeit inspections. Clearly, this market has favored sellers. Now, inventory is increasing; there are currently 28 available single-family listings in The Moorings—a little more than four months of inventory. In other words, if no new homes were listed for sale after today and the market moved along at its current sale pace, it would take about four months to sell these homes. In comparison, pre-COVID-19, in a balanced market, it typically took about eight months for inventory to be absorbed. Buyer demand is still strong, but buyer urgency has cooled. For the balance of 2022, inventory should continue to increase, and sellers should expect buyers to move more deliberately and make offers 3% to 5% below the list price. For sellers, realistic pricing at the outset will be important. About a third of the 28 active listings have been on the market for more than four months. The chart above shows seventeen homes on the market for 90 days or less. Note that five of them have already reduced their list prices.
whaT Do The nuMbers Mean?
In 2022 through July 31, 2022, the average days on market for single-family homes sold in The Moorings was 53 days—a third of the days on market in 2019 and on par with 2021. The average age of the 27 single-family homes sold in The Moorings in 2022 is 28 years. Thirteen of these homes were built before 2000; six are less than six years old.