Selling

How do you price a home in this market?

Answered by Jim Chambers, nearly 40 years in Naples real estate and a licensed Certified Building Contractor.

Short Answer

From the data first, then condition and presentation. A home that shows as essentially new can command attention a tired listing can't.

I price from the data first, then the condition, then the story. Pricing is not a number you hope for; it is a strategy that determines how many buyers see the home, how they perceive it, and what they offer. Get it right and the market does the work. Get it wrong and the home sits, and every week it sits costs momentum.

Data-First Pricing

The starting point is the market data: recent closed sales of comparable homes, current competition, and how long homes are taking to sell. The Naples Area Board of Realtors' most recent report put the median days on market around 99, which tells you buyers are patient and well informed. That means a home priced above its comparable range does not get a pass; it accumulates days on market, and buyer feedback turns negative. Price from the data, not from the number you need to hear.

Condition and Presentation Set the Range

Within that data range, condition decides where the home lands. A renovated home with impact glass, a new roof, and updated systems is a different product from a dated original on the same street. I assess the property the way a builder would: roof, windows, AC, kitchen, baths, site, and deferred maintenance. That assessment tells us whether the home prices at the top of its range, the middle, or the bottom, and what it will take to move it up.

The 'Essentially New' Story

There is real money in the story a home tells. A home that shows as essentially new, with fresh paint, clean lines, and no obvious projects, commands attention and confidence. A home that shows as a project invites low offers, because buyers price in the work they will have to do. Sometimes modest preparation, not a renovation, is the difference between the top of the range and the bottom.

Pricing Drives Showings, and Showings Drive Offers

Naples has a seasonal rhythm: the strongest buyer demand concentrates between roughly January and March, when seasonal residents and snowbirds are in town. A home that launches at the right price in the right window generates showings, and showings create competition, and competition creates offers at or above the ask. A home that launches too high misses that window and spends the season chasing its own pricing mistake. My job is to make sure that does not happen to you.

Key Things to Remember

  • Price from closed sales and current days-on-market data, not from hope.
  • Condition decides where the home lands within its data range.
  • A home that shows as essentially new commands attention and confidence.
  • Pricing strategy drives showings, and showings drive offers.
  • Launch at the right price in the right seasonal window.

Thinking about selling? My free Seller's Guide covers pricing, prep, and timing.

Get the Seller's Guide

Have a Question About Your Situation?

Ask Jim directly and get a straight answer grounded in decades of building, development, and brokerage experience.