Don's Realty News June 2024
(239) 405-1741    |     |
A Message from Don...
By Don Bahash, Realtor

New Name, Same Great Team!

Robert Nardi
 and Weichert, Realtors have announced that Nardi Realty has become Weichert, Realtors - Paradise Homes. Robert continues as Broker/Owner of the renamed entity as each Weichert franchised office is independently owned and operated.

Welcome Summer!

Father’s Day and Independence Day are right around the corner and the summer showers are beginning. Even with our rain, Naples is still a year-round paradise. If you can work from anywhere, why wait? Come be a part of it!

Real Estate Market Update!

“Inventory Hike Helps April Home Sales Swell” per the NABOR market report released on May 31st. The payoff of months of rising inventory was finally realized in April as closed sales increased 3.8 percent to 999 closed sales from 962 closed sales in April 2023. This is the first month closed sales have exceeded past years’ monthly comparable sales since June 2021.

Demand for the Naples lifestyle increased during the pandemic, which depleted inventory for homes in the under $300,000 market – there were 315 homes for sale under $300,000 in April. Conversely, demand for luxury properties have soared, especially in the $500,000 to $1.5 million price category, which increased 68.1 percent compared to April 2023 and occupy the highest number of properties available (2,410) in the current inventory.

According to the April report, the average monthly inventory in Naples is back to its familiar pre-pandemic level. April’s inventory increased 68.1 percent to 5,240 properties from 3,118 properties in April 2023. And the months supply of homes is up to 7.3 months.

Read the full report here . Here are some key market statistics for April 2024 compared to April 2023:

  • Overall Inventory up 68% to 5,240
  • Overall Pending Sales down .7% to 1,115
  • Median Closed Price up 4% to $650,000
  • New Listings up 16% to 1,335
  • Overall Closed Sales up 4% to 999
  • Days On Market up 25% to 66 days

Award Winning Realty!  

Our website is a fast way to search for homes/condos from home. All our listings have virtual tours that you can view to get a better view of its layout and photos. Mortgage rates are stable.  Weichert, Realtors - Paradise Homes provides  “Superior Service and Results!” and I bring the best of Naples and Bonita Springs to you. 

Investing in Your Future: The Smart Choice of Homeownership

Owning a home is central to the American dream. In an era of economic uncertainty, the newest generation of homebuyers is nervous about taking the plunge. Are these fears justified? Whether you're a homeowner or considering it, understanding the advantages of homeownership is crucial.

For Current Homeowners
If you're already on the property ladder, you understand the value that comes... Read More
Attending an Open House? Essential Tips for Serious Buyers

Exploring potential homes during open houses is an exciting part of the homebuying journey, but it's also an area where mistakes happen. Here are some essential tips for getting the most out of these opportunities:

Partnering with a Professional
It's a smart decision to have a real estate agent accompany you during open houses. Their professional perspective provides... Read More
Fading Trends: Five Design Styles That Are Showing Their Age

Home design trends come and go, but creating a timeless space requires thoughtful consideration. Here are five design styles that may be aging your home, along with a strategy to refresh your space and maintain a timeless appeal:

The Open Floor Plan
While open floor plans have been popular for decades, there's a growing appreciation for defined... Read More
National Home Sales Fall While Home Inventory Increases

Across the country, existing-home sales fell in March. According to the National Association of Realtors (NAR), declines were recorded in the Midwest, South, and West, but sales inched higher in the Northeast for the first time in four months. Sales were down year over year, however, in all sales regions. While home sales have recently shown signs of rebounding, overall sales were stagnant due to high interest rates. Yet, according to Lawrence Yun, chief economist for NAR, there might soon be a turnaround: "There are nearly six million more jobs now compared to pre-COVID highs, which suggests more aspiring ... Read More
How to Maximize Landscaping in Tiny Backyards

If you live in an urban area, you might be limited on space in your backyard. Whether you are challenged with minimal sunlight, not much ground to work with, or a fenced-in area, you still have landscaping potential to transform your tiny backyard. Here are four landscaping tips:

1. Portable Pots
If you can incorporate movable planter boxes and pots into your yard, you can transform a cement or wooden patio into a greenery oasis. Planters that are smaller or equipped with wheels can make these pots more mobile, which can easily be rearranged at any time. This will also give sensitive plants.... Read More

Featured Listings
Vanderbilt Lakes - Bonita
Lakefront, 2 mi. to Beaches
3 BR + Den / 2.5 Baths
1, 927 SqFt Under A/C
Just Reduced to 1,100,000!
Montelena - The Vineyards
Luxury Naples Condo
4 BR + Den, 3.5 Baths
3,099 SqFt Under A/C
Just Reduced to $798,900!
Vanderbilt Shores Hi-rise
Gulf of Mexico Sunsets
2 Bedrooms, 2 Baths
1,560 SqFt Under A/C
Offered at $1,699,000!
Fountain Lakes Villa
Turnkey Furnished
2 Bedrooms + Den, 2 Baths
2-Car Garage
PENDING! Listed $339,000!
Don Bahash, P.A.  -  (239) 405-1741 Don's Realty News  -  June 2024 

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Don Bahash, P.A., Nardi Realty, 3400 Tamiami Trail N., Suite 103 , Naples FL 34103
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The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice.
If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.
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