How Long Do Most Houses Take To Sell in Naples, Florida?

The Naples real estate market, known for its beautiful beaches and luxurious properties, has its own unique rhythm when it comes to home sales. Whether you’re a homeowner looking to sell or a buyer trying to time your purchase, understanding how long houses typically stay on the market is crucial. In this blog post, Naples real estate expert Carlos Cachon discusses how long most houses take to sell in Naples and what factors can influence these timelines.

Key Takeaways:

Houses in Naples currently take an average of 2 to 4 months to sell
Selling times have increased compared to the previous year
About 30% of homes sell within 30 days, while 32% take over 90 days
The Naples housing market is currently described as “not very competitive”
Working with experienced local realtors can potentially reduce selling time

Current Market Trends in Naples

Recent data from various real estate sources paints a picture of the Naples housing market:

Average Days on Market

The time a house spends on the market before selling, often referred to as “Days on Market” (DOM), varies slightly depending on the source:

Redfin reports an average of 112 days on the market
Rocket Homes indicates an average of 79 days (as of August 2024)
Zillow suggests homes go to pending in around 66 days

While these figures differ, they all point to a general trend: most homes in Naples are taking between 2 to 4 months to sell.

Year-over-Year Trends

It’s important to note that selling times have increased compared to the previous year:

Redfin data shows an increase from 79 days last year to 112 days this year
Rocket Homes reports an increase from 54 days in August 2023 to 79 days in August 2024, a 46.6% increase

“The increase in selling times we’re seeing in Naples is part of a broader market adjustment,” says Naples real estate expert Carlos Cachon. “It’s crucial for sellers to understand this shift and adjust their expectations and strategies accordingly.“

Breakdown of Selling Timeframes

Not all homes sell at the same pace. According to Rocket Homes, in August 2024:

30% of homes sold within 30 days
38% of homes sold within 30 to 90 days
32% of homes sold in over 90 days

This breakdown shows that while some homes do sell quickly, a significant portion take three months or longer to find a buyer.

Market Competitiveness

The Naples housing market is currently described as “not very competitive” by Redfin. This assessment is based on several factors:

Average homes sell for about 6-8% below list price
Typical homes go pending in around 87-114 days
“Hot homes” can sell faster, going pending in around 38-69 days and selling for about 2-4% below list price

Factors Influencing Selling Time in Naples

Several factors can affect how quickly a house sells in Naples:

Pricing Strategy: Homes priced competitively for the current market tend to sell faster.
Property Condition: Well-maintained homes that are move-in ready often attract more buyers.
Location: Properties in desirable neighborhoods or with attractive features (like water views) may sell more quickly.
Season: Naples experiences seasonal fluctuations, with the winter months typically being busier for real estate.
Marketing Exposure: Homes that are widely marketed and easily accessible for showings often sell faster.
Economic Conditions: Broader economic factors, including interest rates and job market stability, can influence buyer demand.

Tips for Selling Your Naples Home Faster

If you’re looking to sell your Naples home more quickly than the average, consider these strategies:

Price it Right: Work with a knowledgeable local realtor to set a competitive price based on current market conditions.
Enhance Curb Appeal: First impressions matter. Ensure your home looks its best from the street.
Stage Your Home: Professional staging can help buyers envision themselves living in the space.
Be Flexible with Showings: The more accessible your home is for viewings, the more potential buyers will see it.
Consider Professional Photography: High-quality photos can make your listing stand out online.
Address Minor Repairs: Fix any small issues that might deter buyers or lead to lower offers.

Why Choose Carlos and Lisa Cachon for Your Naples Home Sale

Your Home Sold Guaranteed Realty - The Cachon Team. How Long Do Most Houses Take To Sell in Naples, Florida?

When it comes to navigating the Naples real estate market and potentially reducing your home’s time on the market, Carlos and Lisa Cachon are your best choice. Here’s why:

Local Expertise: With years of experience in the Naples market, the Cachon Team understands the nuances that can affect selling times in different neighborhoods.

Proven Track Record: Their consistent ranking among top-producing realtors in Southwest Florida demonstrates their ability to sell homes efficiently, even in changing market conditions.

Comprehensive Marketing Strategy: The Cachon Team employs a multi-faceted marketing approach to ensure your home gets maximum exposure to potential buyers.

Negotiation Skills: Their expertise in negotiation can help you secure the best possible price in the shortest amount of time.

Network of Buyers: With an extensive network of contacts, including potential buyers and other agents, the Cachon Team can often connect sellers with interested buyers quickly.

By choosing Carlos and Lisa Cachon, you’re not just getting realtors; you’re partnering with local experts who are committed to helping you navigate the current market conditions and achieve the best possible outcome for your home sale.

Frequently Asked Question

Does the type of property affect how long it takes to sell in Naples?

Yes, the type of property can significantly impact selling time in Naples. Luxury properties, for instance, often have a smaller pool of potential buyers and may take longer to sell. Conversely, moderately priced single-family homes in popular neighborhoods might sell more quickly. Condos and townhouses can vary depending on location and amenities. It’s essential to work with a realtor who understands these nuances in the Naples market to set realistic expectations for your specific property type.