Luxury Home Market Report - Naples, FL

FEBRUARY Home of the CLHMS

TM

NAPLES FLO R IDA www.LuxuryHomeMarketing.com

2022

NAPLES

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | JANUARY 2022 Inventory

Sales

Luxury Benchmark Price 1: $1,500,000 $12,500,000+ $10,900,000 - $12,499,999 $9,500,000 - $10,899,999

5

2

Total Sales: 67

Total Sales Ratio2: 38%

14

0 13

4

11

1

$4,500,000 - $5,299,999

8

3

$3,900,000 - $4,499,999

6

3

$3,300,000 - $3,899,999

11

5

$2,700,000 - $3,299,999

15

12

$2,300,000 - $2,699,999

14

5

$1,900,000 - $2,299,999

19

10

$1,700,000 - $1,899,999

5

6

$1,500,000 - $1,699,999

1

Seller's Market

12

2

$6,100,000 - $7,099,999 $5,300,000 - $6,099,999

Total Inventory: 176

3

0

$8,100,000 - $9,499,999

$7,100,000 - $8,099,999

25

3

12

14

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 1,999

$3,575,000

3

2

2

15

13%

2,000 - 2,999

$2,200,000

3

3

13

33

39%

3,000 - 3,999

$2,130,000

4

4

27

30

90%

4,000 - 4,999

$3,372,500

4

6

14

38

37%

5,000 - 5,999

$6,122,500

4

5

6

31

19%

6,000+

$8,955,000

5

7

5

29

17%

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

SINGLE - FAMILY HOMES

13 - MONTH LUXURY MARKET TREND 4 Median Sales Price

Inventory

Solds

$3,900,000 $3,200,000

$3,150,000

$3,200,000 $2,875,000

$2,500,000

$2,875,000

$2,772,500

$2,822,500 $2,200,500

$2,500,000

$2,399,000

$2,750,000

366 216

173 69

Jan-21

129 115

76 Feb-21

Mar-21

112 106

Apr-21

115

97

May-21

113

80

Jun-21

119

65

Jul-21

114

114

182

Sep-21

160 58

51

39 Aug-21

164

Oct-21

Nov-21

176 105

67

Dec-21

Jan-22

MEDIAN DATA REVIEW | JANUARY TOTAL INVENTORY Jan. 2021

Jan. 2022

216

176 VARIANCE: -19 % SALE PRICE PER SQFT. Jan. 2021

$

Jan. 2022

726

751 VARIANCE: 3 % $

TOTAL SOLDS Jan. 2021

SALES PRICE

Jan. 2022

69

67 VARIANCE: -3 %

Jan. 2021

2.50m

$

SALE TO LIST PRICE RATIO Jan. 2021

Jan. 2022

94.83% 100.00% VARIANCE: 5 %

Jan. 2022

2.75m VARIANCE: 10 % $

DAYS ON MARKET Jan. 2021

Jan. 2022

52

23 VARIANCE: -56 %

NAPLES MARKET SUMMARY | JANUARY 2022 • The Naples single-family luxury market is a Seller's Market with a 38% Sales Ratio.

• Homes sold for a median of 100.00% of list price in January 2022.

• The most active price band is $1,500,000-$1,699,999, where the sales ratio is 86%.

• The median luxury sales price for single-family homes is $2,750,000.

• The median days on market for January 2022 was 23 days, down from 52 in January 2021.

Square foot table does not account for listings and solds where square foot data is not disclosed.

4 Data reported includes Active and Sold properties and does not include Pending properties.

3

NAPLES

ATTACHED HOMES

LUXURY INVENTORY VS. SALES | JANUARY 2022 Inventory

Sales

Luxury Benchmark Price 1: $950,000 $4,420,000+

9

3

$3,920,000 - $4,419,999

3

$3,420,000 - $3,919,999

2

$3,020,000 - $3,419,999

4

3

Total Sales: 82 Seller's Market

5

3

$2,620,000 - $3,019,999

Total Inventory: 90

1

$2,320,000 - $2,619,999

10

5

8

$2,020,000 - $2,319,999 $1,720,000 - $2,019,999

25

3

$1,320,000 - $1,519,999

3

11 4

0

10 4

$1,140,000 - $1,219,999

$1,060,000 - $1,139,999

0

$1,000,000 - $1,059,999

0

5 6 8

3

$950,000 - $999,999

1

9

7

$1,520,000 - $1,719,999

$1,220,000 - $1,319,999

Total Sales Ratio2: 91%

12

6

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 999

NA

NA

NA

0

0

NA

1,000 - 1,999

$1,265,000

2

2

31

23

135%

2,000 - 2,999

$1,685,000

3

3

42

48

88%

3,000 - 3,999

$3,500,000

3

4

7

12

58%

4,000 - 4,999

NA

NA

NA

0

3

0%

5,000+

$11,497,500

5

7

2

4

50%

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 HOMES

13 - MONTH LUXURY MARKET TREND 4 Sale Price

$1,450,000

$1,675,000

$1,500,000

$1,575,000

Inventory

$1,775,000

$1,509,000

$1,740,500

$1,627,250

Solds

$1,535,000

$1,575,000

$1,450,000

$1,800,000

$1,597,500

229 171 73

Jan-21

124 112

94

Feb-21

Mar-21

94

124

Apr-21

96

113

May-21

139 88

75

Jun-21

82

54

Jul-21

79

76

42

Aug-21

Sep-21

91

95

Oct-21

117 65

80

Nov-21

Dec-21

49

90

82

Jan-22

MEDIAN DATA REVIEW | JANUARY TOTAL INVENTORY Jan. 2021

Jan. 2022

229

TOTAL SOLDS Jan. 2021

Jan. 2022

90 VARIANCE: -61 %

82 VARIANCE: 12 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

Jan. 2021

$

Jan. 2022

648

788 VARIANCE: 22 % $

73

Jan. 2021

Jan. 2022

96.19% 100.00% VARIANCE: 4 %

SALES PRICE Jan. 2021

$

1.45m

Jan. 2022

1.60m VARIANCE: 10 % $

DAYS ON MARKET Jan. 2021

Jan. 2022

51

9 VARIANCE: -82 %

NAPLES MARKET SUMMARY | JANUARY 2022 • The Naples attached luxury market is a Seller's Market with a 91% Sales Ratio.

• Homes sold for a median of 100.00% of list price in January 2022.

• The most active price band is $1,520,000-$1,719,999, where the sales ratio is 367%.

• The median luxury sales price for attached homes is $1,597,500.

• The median days on market for January 2022 was 9 days, down from 51 in January 2021.

Square foot table does not account for listings and solds where square foot data is not disclosed.

4 Data reported includes Active and Sold properties and does not include Pending properties.

3