LUXURY REAL ESTATE AT THE HIGHEST LEVEL
The Roddy Luxury Group has a strong team dedicated to serving clients in the Naples and Marco Island real estate market. Led by Darlene Roddy, an experienced Realtor since 2000, the team emphasizes listening to clients and communicating directly. Darlene works alongside her stepdaughter Lindsey Skott, both bringing unique skills to assist buyers and sellers effectively.
Julie Hall plays a crucial role as the Strategic Execution Officer, ensuring that all technological aspects are managed efficiently and that every detail of a transaction is meticulously handled. The team's close-knit approach ensures that each client receives personalized attention, with everyone on the team being familiar with the status of every client's search and transaction.
Living and working in the Naples and Marco Island area themselves, the team members are deeply connected to the community. They highlight the region's appeal, including its beautiful waterfronts, Gulf of Mexico access, vibrant cultural scene, and luxury living opportunities.
Overall, The Roddy Luxury Group positions itself not just as real estate agents but as trusted advisors committed to delivering exceptional service and leveraging their local expertise to meet the diverse needs of their clients.
Gulf Coast International Properties ® presents its Mid-Year Market Report for 2024 for Park Shore, Seagate and The Moorings. This sought after report continues to be preferred not only by our discerning clientele, but by industry experts as well. World class integrated marketing efforts coupled with exceptional results have earned us the reputation as Naples’ premier boutique real estate firm. As the proven luxury market leader, Gulf Coast International Properties ® associates strive to exceed our clients’ expectations through uncompromising integrity and unprecedented concierge service. Our award-winning, locally owned and operated, multi-generational firm exemplifies the Naples reputation for luxury living. Specializing in exclusive one-of-a-kind estates, Gulf Coast International Properties ® invites you to experience the difference and to Live Exceptionally.
®
THE LUXURY REPORT
PROVIDED BY THE RODDY LUXURY GROUP
The Luxury Report provided by The Roddy Luxury Group offers a detailed analysis of various metrics essential for understanding the current real estate market conditions in Naples and Marco Island. Here’s a breakdown of what the report covers:
1. METRICS ANALYZED:
Sales prices
Sales volume
Number of sales
Sales price-to-list price ratios
Days on market
Price per square foot
2. COMPREHENSIVE MARKET ANALYSIS:
The report provides an overall analysis of the luxury real estate market.
It also includes an in-depth examination of individual luxury markets, focusing on both singlefamily homes and condominiums where sufficient data is available.
3. CONTINUOUS UPDATES:
The intention is to continually update and expand the luxury markets covered in the report.
Clients are encouraged to contact The Roddy Luxury Group to initiate a qualification process if their specific market is not currently featured.
4. MARKET STATUS INDICATORS:
The report categorizes market statuses into three types:
Buyer’s Market: Buyers have more control over prices due to ample inventory and slower demand.
Seller’s Market: Sellers have more control due to limited inventory and high demand, leading to higher prices.
Balanced Market: Neither buyers nor sellers dominate the market, leading to stable prices and reasonable market times.
5. IMPACT ON SELLERS AND BUYERS:
Sellers can gauge the optimal pricing strategy based on whether it's a Buyer’s or Seller’s Market.
Buyers can understand their negotiating power and potential competition based on market conditions.
6. COMMUNITY STABILIZATION:
In a Balanced Market, there is stability in list and sold prices, as well as reasonable time on the market.
Homeowners can make informed decisions regarding pricing their properties according to current market values.
THE LUXURY REPORT
PROVIDED BY THE RODDY LUXURY GROUP
Overall, The Roddy Luxury Group’s Luxury Report serves as a valuable resource for both buyers and sellers in Naples and Marco Island, offering insights into market trends and conditions that impact real estate transactions in the luxury segment.
Here’s a glossary of terms used in The Roddy Luxury Group's report to help clarify their meanings:
1. REMAINING INVENTORY: The total number of homes that are still available for sale at the end of a particular month.
2. DAYS ON MARKET (DOM): The number of days that a property is listed on the market before an offer to purchase is accepted.
3. LUXURY BENCHMARK: The price point that signifies the beginning of the luxury real estate market, distinguishing it from traditional housing.
4. NEW LISTINGS: The number of homes that have been listed on the market for the first time during the current month.
5. PRICE PER SQUARE FOOT: The dollar amount of a home's price divided by the number of square feet in the property, providing a standard measure of value based on size.
6. SALES RATIO: A metric that indicates the speed of the market and whether it favors buyers or sellers:
Buyer’s Market: Sales ratio less than 12%.
Balanced Market: Sales ratio between 12% and 21%.
Seller’s Market: Sales ratio of 21% or higher.
A sales ratio greater than 100% suggests that the number of homes sold exceeds the number of homes available for sale, indicating a tight market.
7. SP/LP RATIO (SALES PRICE TO LIST PRICE RATIO): The ratio of the final sale price of a home to its original list price, expressed as a percentage. It helps to assess whether homes are generally selling above, at, or below their listed prices.
These terms collectively provide a comprehensive view of the current real estate market conditions, helping buyers, sellers, and investors make informed decisions based on data-driven insights.
Welcome to the Luxury Market Report, your guide to the luxury real estate market data and trends for Park Shore, Seagate, Moorings, and Coquina Sands. This report provides an in-depth look at luxury benchmark prices and a detailed survey of luxury active and sold properties designed to showcase current market trends and recent trends.
THE LUXURY REPORT
PORT ROYAL: 1188 Galleon Drive
OLD NAPLES: 380 1st Avenue North
PORT ROYAL: 3405 Gin Lane
MARCO ISLAND: 980 Hyacinth Court
SIGNIFICANT SALES
$8,750,000 Represented the Buyer
$7,300,000 Represented the Buyer
$7,100,000 Represented the Buyer
Represented the Buyer
MARCO ISLAND: 295 Hideaway Circle
MARCO ISLAND: 491 Gray Court
PARK SHORE-BAY SHORE PLACE: 4255 Gulf Shore Boulevard
Represented the Buyer
$3,500,000 Represented the Seller
$3,400,000 Represented the Buyer VINEYARDS: 6659 Glen Arbor Way
MARCO ISLAND-PRINCE: 176 S. Collier Boulevard, #101
HIDEAWAY BEACH-RIVIERA: 5000 Royal Marco Way, #535
HIDEAWAY BEACH-RMP 3000 Royal Marco Way, #BC 18
MARCO ISLAND: 16 Gulfport Court
MARCO ISLAND: 329 Nassau Court
MARCO ISLAND-MERIDA: 990 Cape Marco Way, #507
MARCO ISLAND-MERIDA: 990 Cape Marco Way, #507
Represented the Buyer
$2,825,000 Represented the Seller
Represented the Seller
$2,400,000 Represented the Seller/Buyer
$2,200,000 Represented the Seller
$1,890,000 Represented the Buyer
Represented the Seller
Represented the Seller VINEYARDS: 1087 Camelot Circle
MARCO ISLAND-SHIPPS LANDING: 1080 S Collier Boulevard, #206
MARCO ISLAND-SOUTH SEAS TOWER II: 320 Seaview Court, #1503
MARCO ISLAND-SOUTH SEAS TOWER I: 260 Seaview Court, #1201
$1,050,000 Represented the Buyer
$1,000,000 Represented the Seller
$870,000 Represented the Seller
$850,000 Represented the Seller NAPLES: 5910 Almanden Drive
MARCO ISLAND-SANDCASTLE II: 720 South Collier Boulevard, #602
$805,000 Represented the Seller
$747,000 Represented the Seller FORT MYERS-THE PLANATION: 12819 Epping Way
AVE MARIA: 5798 Plymouth Place
$735,000 Represented the Buyer
$589,000 Represented the Seller
Source: Southwest Florida MLS 01.01.2024-08.15.2024
Mid-Year 2024 Market Update
Beautiful weather, world-renowned white sandy beaches and luxury living have put Naples at the top for desirable places to live and play. The four neighborhoods of Seagate, Park Shore, Moorings, and Coquina Sands personify the Naples lifestyle.
2024 MID-YEAR SINGLE FAMILY RESIDENTIAL DATA
Navigable
Whether it is waterfront (gulf access) or off water, the popularity of residences in these neighborhoods has grown. Gulf access homes January 2024 through June 30, 2024, sold volume was $118,420,000 compared to last year's ($84,442,600). This was a 40% increase. They had an average sales price in 2023 of $5,629,507, increasing to $9,868,333 in 2024. That’s an 82% increase. Currently there are only 17 waterfront homes available with gulf access. The highest waterfront home sold was $20 million in Venetian Estates.
Off Navigable Water
Demand is still high for single family homes. Currently there are only 62 off-navigable homes on the market and 9 pending with a contract. The off-navigable homes sold volume was only $140,358,500. This was a 40% decrease from last year, however the average sales price increased 11% to $4,678,617. The highest off-navigable home sold for $10 million in Coquina Sands.
2022
2023 2024
2024 High-Rise Residences
The luxury condominium market in Park Shore, Moorings, and Coquina Sands for January 2024 through June 30, 2024 saw a 14% increase over last year for a total closed volume of $217,052,100 compared to last years ($190,508,422). The average days on market was 104 and the average ($) per square foot was $1,172.00. The average closed sale was $3,100,744. Currently there are 46 high rise properties on the market, six properties pending, and 70 sold in the last six months. The highest sale was $10,750,000 at the Regent.
2022 2023 2024
$361,304,995
2024 Villa Residences
The Villa residences total closed volume from January 1st to June 30th, 2024 was $21,991,000 compared to last year’s ($22,430,000). This was a 9% decrease. The average days on market was 59 and the average ($) per square foot was $882.00. The average closed sale was $1,999,182. Currently there are only 7 Villas on the market and 11 sold in the last six months. The highest sale was $2.5 million at Venetian Villas.
2024 Low/Mid-Rise Condominiums
The low/mid-rise condominiums total closed volume for January 1st to June 30th, 2024 was 142,073,128, compared to last year's $85,817,300. This is a 66% increase over last year. The average days on market was 85 and the average $ per square foot was $719.00. The average closed sale was $1,279,938. Currently there are 128 low and mid-rise condominiums currently on the market and 14 pending sales. The highest sale was La Perle at $8,775,000.
2022
2023 2024
$1,279,938
2024 Naples Cay High-Rise Residences
The Naples Cay high-rise residences total closed volume for January 1st through June 30th 2024, was $14,020,000, compared to last year's $30,395,000. This was a 54% decrease. Average days on market was 37. The $ per square foot was $1,473.00. The average closed sale was $2,804,000. The highest sale was $4 million in Beach House. 2022
2024 Naples Cay Low & Mid-Rise
There have been no sales in Naples Cay low rise/mid-rise or Villas since 2019.
