Q2 Gulf Shore Boulevard Market Summary: Through the second quarter, year-to-date closed sales along Gulf Shore Boulevard North were up 25% and new listings were up 13% compared to the same period in 2023. These increases reflect this market’s recovery after a slowdown in the months following Hurricane Ian which skirted Naples’ coastline in September of 2022. Sales and listing activity on the bayside posted the most notable growth, with a 71% increase in closed sales and a 19% increase in new listings. The gulf side posted a 7% increase in sales and an 11% increase in new listings. As of June 30th, months of supply for the bay side was 7.2 months, while the gulf side carried 10.5 months of supply. In Southwest Florida, 6 to 12 months of supply is generally considered balanced. Through June 30th, the 12-month rolling average sales price rose 23% along the bay side and 6% along the gulf side. At least part of the notable 23% price increase on the bay side can be accounted for by high-end sales at the newly-built La Perle, most of which have closed in the past 12 months.
Real estate is highly specialized, and no market exemplifies this better than Gulf Shore Boulevard North. Units and buildings can vary greatly in size, age, condition, level of upgrade, and more. All this takes an expert to successfully navigate, and the value a Realtor® being by one’s side can’t be underestimated.
John R. Wood Christie’s International Real Estate is pleased to announce that, once again, it’s earned the number one position in closed sales volume and units sold in both the Naples and Southwest Florida markets through June.
Broker ranking according to SWFLA MLS for residential improved property excluding manufactured housing. “Southwest Florida” is Lee and Collier Counties.
Click on either of the links below to view the Q2 2024 Market Report for Gulf Shore Blvd North.
Q2 2024 Gulf Shore Blvd Market Report - flipbook
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Q2 2024 Gulf Shore Blvd Market Report - for print
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