NAPLES FLORIDA
Home of the CLHMS TM 2023 APRIL
34 27 55 15 22 35 42 44 55 37 39 39 28 11 11 1 0 1 0 0 2 6 3 7 10 12 4 7 6 2 $20,000,000+ $15,000,000 - $19,999,999 $10,000,000 - $14,999,999 $9,000,000 - $9,999,999 $8,000,000 - $8,999,999 $7,000,000 - $7,999,999 $6,000,000 - $6,999,999 $5,000,000 - $5,999,999 $4,000,000 - $4,999,999 $3,500,000 - $3,999,999 $3,000,000 - $3,499,999 $2,800,000 - $2,999,999 $2,600,000 - $2,799,999 $2,500,000 - $2,599,999 $2,400,000 - $2,499,999 Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $3,172,500 3 2 6 28 21% 2,000 - 2,999 $2,675,000 3 4 10 79 13% 3,000 - 3,999 $3,162,500 4 4 24 104 23% 4,000 - 4,999 $4,000,000 4 6 11 118 9% 5,000 - 5,999 $3,850,000 4 6 4 70 6% 6,000+ $6,250,000 6 7 6 95 6% NAPLES SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES | MARCH 2023 Luxury Benchmark Price 1: $2,400,000 Buyer's Market 494 Total Inventory: 61 Total Sales: 12% Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
MEDIAN DATA REVIEW | MARCH
TOTAL INVENTORY
162 494 Mar. 2022 Mar. 2023
VARIANCE: 205 %
SALE PRICE PER SQFT.
TOTAL SOLDS
VARIANCE: - 12 % 69 61
SALE TO LIST PRICE RATIO
VARIANCE: - 4 % 99.21% 95.00%
SALES PRICE
VARIANCE: - 27 % $4.68m $3.41m
DAYS ON MARKET
VARIANCE: 96 % 24 47
NAPLES MARKET SUMMARY | MARCH 2023
• The Naples single-family luxury market is a Buyer's Market with a 12% Sales Ratio.
• Homes sold for a median of 95.00% of list price in March 2023.
• The most active price band is $2,500,000-$2,599,999, where the sales ratio is 55%
• The median luxury sales price for single-family homes is $3,405,770.
• The median days on market for March 2023 was 47 days, up from 24 in March 2022.
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
Solds Median Sales Price Inventory 162 196 227 261 246 232 245 301 335 349 417 458 494 69 79 88 40 33 39 18 39 31 48 41 41 61 $4,680,000 $3,820,000 $4,210,000 $4,325,000 $5,700,000 $4,200,000 $3,600,000 $3,500,000 $3,000,000 $4,537,500 $4,550,000 $4,500,000 $3,405,770 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23
VARIANCE: - 10 % $1,077 $969 Mar. 2022 Mar. 2023 Mar. 2022 Mar. 2023 Mar. 2022 Mar. 2023 Mar. 2022 Mar. 2023 Mar. 2022 Mar. 2023
31 8 6 20 19 38 43 2 15 7 8 17 19 21 27 5 1 0 4 9 8 9 3 4 7 3 2 5 6 12 $5,100,000+ $4,600,000 - $5,099,999 $4,100,000 - $4,599,999 $3,600,000 - $4,099,999 $3,100,000 - $3,599,999 $2,600,000 - $3,099,999 $2,100,000 - $2,599,999 $2,000,000 - $2,099,999 $1,900,000 - $1,999,999 $1,800,000 - $1,899,999 $1,700,000 - $1,799,999 $1,600,000 - $1,699,999 $1,500,000 - $1,599,999 $1,400,000 - $1,499,999 $1,275,000 - $1,399,999 Inventory Sales
HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $1,468,000 2 2 8 29 28% 1,500 - 1,999 $1,500,000 3 2 18 74 24% 2,000 - 2,499 $1,800,000 3 3 17 69 25% 2,500 - 2,999 $2,510,000 3 4 19 51 37% 3,000 - 3,499 $3,607,500 3 4 12 28 43% 3,500+ $6,225,000 4 5 4 30 13%
INVENTORY VS. SALES
Luxury Benchmark Price 1: $1,275,000 Seller's Market 281 Total Inventory: 78 Total Sales: 28% Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
NAPLES ATTACHED
LUXURY
| MARCH 2023
NAPLES ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | MARCH
TOTAL INVENTORY TOTAL SOLDS
199 % 94 281
SALE PRICE PER SQFT.
VARIANCE: - 4 % $996 $953
- 6 % 83 78
SALE TO LIST PRICE RATIO
100.00% 97.30%
VARIANCE: - 3 %
SALES PRICE
$2.10m $2.00m
- 5 %
DAYS ON MARKET
6 30
VARIANCE: 400 %
NAPLES MARKET SUMMARY | MARCH 2023
• The Naples attached luxury market is a Seller's Market with a 28% Sales Ratio.
• Homes sold for a median of 97.30% of list price in March 2023.
• The most active price band is $2,000,000-$2,099,999, where the sales ratio is 150%
• The median luxury sales price for attached homes is $2,000,000.
• The median days on market for March 2023 was 30 days, up from 6 in March 2022.
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
94 106 131 154 140 129 143 142 158 174 234 273 281 83 88 113 70 22 35 29 29 31 42 137 49 78 $2,100,000 $1,962,500 $2,200,000 $2,350,000 $2,005,500 $1,800,000 $2,100,000 $2,100,000 $2,225,000 $2,152,500 $2,195,000 $2,195,000 $2,000,000 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Solds Sale Price Inventory
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Mar. 2022 Mar. 2023 Mar. 2022 Mar. 2023 Mar. 2022 Mar. 2023 Mar. 2022 Mar. 2023 Mar. 2022 Mar. 2023 Mar. 2022 Mar. 2023
