Grey Oaks Forecast Season 2024-2025

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Grey Oaks Forecast Season 2024-2025

Grey Oaks Naples, Florida home with outdoor pool

Happy Day Before Election Day! If you haven’t voted yet, make sure to get out and cast your ballot! No matter which side you’re supporting, I think we can all agree that we’re ready to see how things unfold.

Today, in the fifth edition of my 2024-2025 Naples real estate season forecasts, I’ll be diving into Grey Oaks. Whether you’re considering buying or selling property there this year, I’ll share key insights on what to expect!

In This Issue

  • Inventory Levels
  • Strengths In The Market
  • Weak Points
  • Buying In Grey Oaks
  • Selling in Grey Oaks

Inventory Levels In Grey Oaks

Of the 29 areas I monitor, 10 locations appear unaffected by any market softening. Grey Oaks is one of these standout areas, currently holding just 3.5 months of inventory. Even if all the listings that left the market late last season and over the summer were to come back, inventory would only rise to 5.09 months—still considered undersupplied.

Strengths In The Market

  • Fewer listings: Inventory has decreased compared to last year, with only 17 available now, down from 19 a year ago.
  • More sales: Over the past 12 months, 59 sales have closed, an increase from the 49 sales recorded the previous year.
  • Higher prices: The price per square foot has risen by 1.7% year-over-year.
  • Fewer significant discounts: This past year, only one seller accepted a discount as steep as 16%, compared to two sellers the year before.

Weak Points

Here are a few signs of market weakness worth noting:

  • Average market time has seen a significant increase. Last year, the 12-month average days on the market (DOM) was just 55 days, but this year, it has climbed to a 12-month rolling average of 76 days. Currently, active inventory is averaging 159 days on the market.
  • Fewer full-priced sales: This year, only eleven sellers achieved full-price sales, compared to sixteen sales at or above the previous year’s asking price.
  • More price reductions: The number of price cuts needed to secure sales has risen from twelve last year to twenty-three this year. This shows that homeowners adapt to market conditions, a crucial factor in maintaining market strength. Unlike areas that stagnate and worsen under market pressure, Grey Oaks residents deserve recognition for staying in tune with current buyer demand.

Buying In Grey Oaks

Estuary at Grey Oaks Naples Florida

If you’re considering buying in Grey Oaks, expect the requirement to join the Grey Oaks County Club in some capacity, with the minimum membership being described as a sports membership. In 2024, the cost to join is a $100,000 non-refundable contribution. You can also expect to pay .33% of 1% of the purchase price of your property to the property owner’s association. Golf membership requires a $250,000 contribution. For more information on annual dues, please contact me directly.

Unfortunately, only one new single-family home is on the market today. Still, there is a good range of remodeled properties and original choices for those of you who like to make improvements to get exactly what you like. If you’re looking for something really special, stop by Estuary at Grey Oaks and check what’s available!

Homes and condos priced well for their condition are still selling within the first three days of the offering. You must be prepared to sign a Buyer Broker Agreement before entering a property. Let me know if you want a copy to review before scheduling an appointment. The best way to keep up with new listings and price reductions is to sign up for Grey Oaks new property notifications.

Selling In Grey Oaks

Grey Oaks Naples Florida

If you plan to sell your Grey Oaks property this season, pricing it correctly will be crucial for success. A few of your neighbors have been on the market for over 300 days, and I’m noticing some price adjustments taking place. Don’t be surprised if you list competitively and see your strongest competitors quickly respond to stay relevant. Check out the past sales in Grey Oaks to get an idea of your value or contact me today to see what I think.

Be sure to work with an agent who will leverage every marketing opportunity to get you the best price. For instance, there isn’t a single open house scheduled in Grey Oaks today. A proactive and motivated agent will go the extra mile, using strategies like open houses to maximize your property’s exposure to serious buyers. The lack of open house activity often reflects an agent’s confidence—or lack thereof—in the market’s strength.

In Closing

I hope you enjoyed my prediction for the Grey Oaks real estate market 2024-2025. Grey Oaks has performed extraordinarily well, and I expect it to continue to do well this upcoming season. If you would like more information about Grey Oaks or any location within Naples, Florida, please reach out!

Best Regards,

Shannon Lefevre, PA
239-595-6223
Your Naples Smart Girl!

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