ESTATE LIFESTYLES

2022 turned out to be a fairly good year in the southwest Florida market. Although we had by far our biggest year ever in 2021, we are only down 17% through the end of November, so those figures are pretty strong.

More importantly, at the end of each December, everyone always wants to know our predictions for the coming year.

Southwest Florida is not impacted by interest rate changes nearly as much as other parts of the country. Even though real estate markets in most states had substantially decreased activity in the second half of 2022, ours remained fairly strong as mentioned above. We continue to have strong demand from buyers in Midwestern and northeastern parts of the country. This is driven by the desire to escape bad weather and a strong desire to escape the high tax states like Illinois, New York, New Jersey, Massachusetts, and Connecticut.

The luxury market has the ability to remain strong, even when the rest of the country is facing some economic challenges. However, the one thing that does affect the local luxury market is the stock market, so we are hoping for a resurgence by the end of January, in order to free up those discretionary dollars for Florida buyers.

The bottom line is that the southwest Florida real estate market is alive and well and appears to have no chance of having more than a slight pause.

Please contact your John R. Wood agent for more specifics about the market. Happy new year!

Phil Wood President/CEO

FIFTH AVENUE

787 Fifth Avenue S. Naples, FL 34102 (239) 434-0101

CENTRAL NAPLES

3255 Tamiami Trail N. Naples, FL 34103 (239) 261-6622

NORTH NAPLES

1185 Immokalee Rd., Ste. 110 Naples, FL 34110 (239) 598-0059

BONITA SPRINGS 26269 S. Tamiami Trail Bonita Springs, FL 34134 (239) 498-9200

CAPE CORAL

1625 SE 46th Street, 1A Cape Coral, FL 33904 (239) 984-8177

Please visit us at any of these locations:

SANIBEL ISLAND

1019 Periwinkle Way Sanibel, FL 33957 (239) 472-2411

MARCO ISLAND 1000 Collier Blvd, Ste. 1 Marco Island, FL 34145 (239) 394-4040

FORT MYERS 15065 McGregor Blvd., Ste. 105 Ft. Myers, FL 33908 (239) 333-2411

FORT MYERS BEACH 7205 Estero Blvd., Ste. 719 Ft. Myers Beach, FL 33931 (239) 990-2590

VANDERBILT

870 97th Avenue N. Naples, FL 34108 (239) 566-8989

AVE MARIA

5072 Annunciation Cir., Ste. 104 Ave Maria, FL 34142 (239) 449-2819

PELICAN BAY 8845 Tamiami Trail N. Naples, FL 34108 (239) 302-4100

BROAD AVE S

275 Broad Avenue S. Naples, FL 34102 (239) 280-2020

ISLES OF CAPRI

356 Capri Blvd. Naples, FL 34113 (239) 393-8000

CHARLESTON SQUARE

225 Banyan Blvd., Ste. 110 Naples, FL 34102 (239) 643-3636

CAPTIVA ISLAND 11513 Andy Rosse Ln., B-3 Captiva, FL 33924 (239) 472-2411

VINEYARDS

75 Vineyards Blvd., Ste. 301 Naples, FL 34119 (239) 353-3393

GALLERIA ADMIN 9130 Corsea Del Fontana Way Naples, FL 34109 (239) 592-1011

BOKEELIA

5400A Pine Island Rd. NW Bokeelia, FL 33922 (239) 283-1028

ST. JAMES CITY 2959 Oleander St. St. James City, FL 33956 (239) 283-0909