Pine Ridge Real Estate Market Prices, Trends and Forecast 2023

Pine Ridge Real Estate Market Prices, Trends and Forecast 2023

When people think of the greater Naples area, they are met with images of a bustling metropolis near the Gulf of Mexico. However, despite being located just outside the city, Pine Ridge is a quiet luxury oasis redefining what it means to live near Naples. Once inside the small community of Pine Ridge, visitors are transported into a peaceful suburban alcove, complete with sprawling lawns, stunningly opulent estates, and fantastic views over Mockingbird Lake. This prestigious neighborhood features gorgeous homes on expansive, one-acre plots or larger. Additionally, Pine Ridge is an equestrian haven, as a number of spectacular properties are equipped with private stables.

Pine Ridge puts residents in the center of it all. Less than 15 minutes to Naples and just a short drive from the ocean, locals can easily reach world-class shopping, dining, and beachfront destinations at the drop of a hat. Living in Pine Ridge, residents can enjoy all the luxuries that make South Florida a top-rated travel destination and return home to their peaceful community at the end of the day. Because of its endless charm and offerings, it comes as no surprise that Pine Ridge is one of the most highly sought-after communities in the area.

If you’re interested in Pine Ridge real estate, read on for an overview of the market.

The Naples market

For the past several years, the Naples area has sat at the center of a booming real estate market. This brings many homebuyers and luxury real estate investors to the Pine Ridge area as they hope to secure a piece of the area’s most highly desirable real estate.

With so many buyers setting their sights on the area, coupled with uncertain nationwide economic conditions over the past few years, many are looking to the market forecast in Pine Ridge to help them guide their buying and selling decisions.

The Pine Ridge housing market forecast 2023

Equestrians and nature lovers from across the country settle in Pine Ridge to experience the area’s unique lifestyle and residential offerings. However, before buying a big-ticket home in a luxury community, most real estate investors like to see what is in store for the region in the coming months and years so that they can rest assured their purchase was a wise one.

Even though the area has experienced exponential growth over the past couple of decades, an uncertain national economy in recent times is causing many homebuyers to rethink their luxury home purchases. If you are interested in moving to Pine Ridge, the real estate market forecast is a good place to start to see the potential long-term benefits (or risks) of your venture.

Home values increasing

Nestled in a quiet alcove just six miles north of Naples, Pine Ridge is at the center of one of the hottest real estate markets in South Florida. According to the latest data from the Naples Area Board of Realtors, the Naples area has experienced a healthy 4.5 percent growth in home values year-to-date. While there were a few short dips in home prices throughout late 2022 and early 2023, the overall upward trend indicates a likelihood of a sound return on investment in the future for Naples-area homeowners.

Within North Naples specifically, the median closed price of single-family homes is up by 7.4% year-to-date, currently sitting at $1.05 million. However, it’s essential to note that the luxurious homes within Pine Ridge command much higher prices, with a starting price of around $4.95 million.

Not only that, but most homebuyers opt to pay cash in Pine Ridge, so buyers need to have deep pockets and ample savings to relocate to this prestigious community. Pine Ridge homes are among the most highly-sought after pieces of real estate in the Naples area. Competition among buyers and rising home values mean that those hoping to purchase a luxury home in Pine Ridge have to be ready to shell out the cash needed to secure the property.

Positive population migration

Since 2020, many homebuyers have been looking to move out of densely populated metropolitan centers and find peace in the suburbs. This desire has led many to seek out tranquil alcoves like Pine Ridge to relocate. Located just north of Naples, Pine Ridge is the ideal spot for many who are trying to escape the city.

Close enough to commute but built with spacious lots and ample outdoor space, the peaceful community has seen substantial population growth over the past couple of years. Currently, the area is home to 1,769 residents, which is a notable 6 percent increase from last year. While this rapid growth indicates more competition among buyers, it also highlights the high level of desirability of the area, making Pine Ridge real estate a sound investment for long-term gain.

The Pine Ridge real estate market: should you invest?

Pine Ridge is a highly sought-after community that attracts many buyers each year. The area’s exquisite selection of spacious homes and impressive equestrian properties make Pine Ridge an extremely desirable community for equestrians and commuters alike. Homebuyers in Pine Ridge are in the market for a truly ultra-luxury home and are willing to foot the bill to find the right one, which is reflected in the soaring price tag on properties in the area.

Buy a home in Pine Ridge with the help of an expert

Homebuyers who are interested in purchasing a home in the highly competitive Pine Ridge area need to have the best local REALTOR® on their side. Luckily, Greg Gorman is just a call away. His impressive real estate career spans over three decades, and he currently ranks in the top one percent of agents internationally. As a certified REALTOR®, Greg is equipped with the inside knowledge and insightful guidance you need to succeed. Get in touch with Greg today to get all your questions answered about moving to Pine Ridge and exploring homes for sale in Pine Ridge.

*Header photo courtesy of Shutterstock

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Greg, David, and Mary Kay have been helping buyers and sellers in Naples since 1992. Trust their expertise to find your dream home or sell your property for the best price. Contact them today to learn how they can help you.

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