NABORNews August 2, 2022
PRESIDENT'S MESSAGE

Welcome to August! I think that we have all been feeling a transition from the record setting pace that we’ve been fortunate to experience the past two years, so I thought it would be interesting to reflect on some data to see how the market has evolved over 2022 in Collier County minus Marco Island.

We began the year with an inventory level of 0.9 months and as of June 30, our inventory stands at 2.2 months. Historically speaking, equilibrium is considered to be between 6-12 months depending on the area. It has increased roughly about 0.3 months per month over the year, so we still have quite a way to go until we hit 6 months. I like to run comparisons with the year 2019, which was the last “normal” year prior to COVID.

At the end of June 2019, we had 5531 properties for sale and this year we have 2294. Looking at total units sold for 2022, we currently stand at 6334 which as you can imagine is down 33.2% compared to the same period in 2021 when we were all running around with our hair on fire. Interestingly though, the median sold price increased 36.5% ($580k) compared to 2021 and the average sold price increased 29% ($1.039M) compared to 2021. In 2019, those two metrics were $340k and $631k respectively.

Here are two last metrics before I start to become boring, sale price to list price ratio and days on market. Are you ready for this whopper? As of June 30 year to date, so the entire year, we are still averaging 100.4% of the list price paid at closing. That is up from 2021 when it was 98.1% and up from more of our historical average in 2019 of 95.5%. Our days on market for the year 2022 are 19 compared to 57 for the same period in 2021 and 103 in 2019.

So, it is definitely safe to say that our market is gravitating to balance but it still has a long way to go before we reach our historical norms. Just keep doing the basics and focusing on acquiring listings and you will be in the driver’s seat of your business.

Sincerely,

Ryan Bleggi, President
UPCOMING EVENTS, NEWS, ANNOUNCEMENTS and MORE!
June 2022 MARKET REPORT
June Real Estate Market Shows Signs of Balancing
 
Data reflecting activity in the Naples area housing market during June showed signs of a return to pre-pandemic summer activity when market conditions were balanced. Pending sales decreased 36.8 percent in June to 794 pending sales from 1,236 pending sales in June 2021, and closed sales decreased 38.4 percent in June to 952 closed sales from 1,545 closed in June 2021. On the positive side, an 80.5 percent increase in inventory during June to 2,294 properties from 1,271 properties in June 2021 is expected to spark sales. View the video below for a recap of the June market.
MEET THE CANDIDATES
Watch this video recorded at the June 21st Collier County School Board's "Meet the Candidates" Forum to learn about the candidates’ positions on issues important to you.
Please drop off school supplies at NABOR by August 5. The students would be very grateful. Thank you for helping.
ECONOMIC SUMMIT - SEP 8
Get the insights, trends and forecasts from Dr. Brad O'Connor, Dr. Lawrence Yun and Dr. Elliot Eisenberg. Be prepared to answer your customers' questions about what is ahead. View their videos to find out what they are going to cover!
LEGAL RESOURCES
Collier Rental and Homeowner Assistance Programs
View this video to learn about two public assistance programs that are available to Collier's renters and homeowners.
Homeowners and Flood Insurance
View this video about how Homeowners Insurance and Flood Insurance will impact real estate sales in 2022. The speaker, Jeff Jones, is an expert in the field.
MLS MATTERS
Big changes in the MLS Rental Property type. The MLS Co-op has been working on improving how short term and long term rental listings are entered and searched in Matrix. With these new changes, members that currently have rental listings will need to pay attention to messages that will be going out at the end of August. We will also be holding Rental Listing workshops in September to assist to members with this transition. Watch for more information to come!
RPR (Realtors Property Resource) – This is a great tool for NABOR members to research properties, create marketing material or do a CMA (Comparative Market Analysis). You can find great free webinars from RPR by clicking HERE

You can also speak with our own NABOR RPR Trainer – Allisson Gonzalez if you would like more information on RPR. You may also email her at Allisson@NABOR.com.
ALLIED AND AFFILIATE MEMBER SPOTLIGHT
Visit the Allied and Affiliate members' websites that are spotlighted this month by clicking on their logos below. You can find the complete 2022 Allied and Affiliate Directory HERE.
NABOR® VIDEOS
View the latest "All About Naples" videos featuring Tin City, Python Hunting and the Naples Equestrian Community. Share the videos with your customers so they can find out more about what Naples has to offer!
View the "Real Talk" show videos featuring members of the board and staff to get to know them better!
REGAL MOVIE THEATRE PACKAGE
 
Did you know the NABOR® REALTOR® Store sells a Movie Theater Package for only $28.95 + tax? The package includes two REGAL theater movie tickets and a $10.00 concessions gift card. It’s the perfect gift for your customers or a perfect date night purchase for yourself! Secure your package today by placing your order through the online REALTOR® Store HERE or by visiting us in person.
Supra® e-KEY® SUPPORT
If you'd like Supra® e-KEY® activation services, please contact Ann at 239-597-1666 or ann@nabor.com to schedule a phone appointment.

For Supra® questions and troubleshooting services, please contact supra@nabor.com, call 239-597-1666 or contact the Supra® support line at 877-699-6787.
MEMBERSHIP SUPPORT
Call 239-597-1666 to reach Membership support staff or email membership@nabor.com.
MLS SUPPORT
Call 239-597-1666 with your MLS questions and concerns or email mls@nabor.com.
NABOR EDUCATION CENTER
A full range of classes are available for your professional development. Many are free or at a very low cost. View the class schedule here:

MESSAGE FROM THE CEO

Welcome to August! So much is happening at NABOR® and I enjoy this opportunity to share it with all of you.
 
As education is one of our strategic goals, we put a lot of time, effort and resources into delivering quality education to our members. I’m happy to say that by the end of July 2022 we will have educated over 4,000 members with five months still left in the year. We offer top quality programming with national speakers along with the training on day-to-day products that make your business thrive.
 
We’re holding a "Global Edge Day" with renowned speaker, Terri Morrison, author of ten books including "Kiss, Bow or Shake Hands®: The Bestselling Guide to Doing Business in More Than Sixty Countries". Her presentations are full of great information and often sell out. Please check nabor.com for availability. You won’t want to miss it.
 
Florida Realtors® Convention is in Orlando from August 23-28. All REALTOR® members are encouraged to attend to get the most out of the educational, governance and trade show portions of the event. Find out more information at www.floridarealtors.org.
 
The staff and I thank you for your membership. “We are in the business of growing YOUR business.”

Sincerely,
Marty Manion, CEO
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