Naples, FL Market Report - June, 2022

JUNE

Home of the CLHMS

TM

NAPLES FLO R IDA

2022

NAPLES

SINGLE - FAMILY HOMES

LUXURY INVENTORY VS. SALES | MAY 2022 Inventory

Sales

Luxury Benchmark Price 1: $2,400,000 $6,000,000+ $5,500,000 - $5,999,999

15

7

$5,000,000 - $5,499,999

Total Sales: 88

8

2

$3,600,000 - $3,899,999

8

2

$3,300,000 - $3,599,999

15

7

$3,000,000 - $3,299,999 $2,900,000 - $2,999,999 3

5 8

4 0

1 6

$2,500,000 - $2,599,999

1

12

5

$2,700,000 - $2,799,999

$2,400,000 - $2,499,999

20

9

$2,800,000 - $2,899,999

Total Sales Ratio2: 39%

14

3

$3,900,000 - $4,199,999

Seller's Market

15

5

$4,200,000 - $4,599,999

Total Inventory: 227

7

4

$4,600,000 - $4,999,999

$2,600,000 - $2,699,999

88

25

3

7

7

Square Feet3

Price

Beds

Baths

Sold

Inventory

Sales Ratio

-Range-

-Median Sold-

-Median Sold-

-Median Sold-

-Total-

-Total-

-Sold/Inventory-

0 - 1,999

$2,925,000

3

3

3

14

21%

2,000 - 2,999

$2,930,000

3

3

16

37

43%

3,000 - 3,999

$3,497,500

4

4

30

53

57%

4,000 - 4,999

$4,700,000

4

6

17

47

36%

5,000 - 5,999

$6,200,000

4

6

13

31

42%

6,000+

$7,800,000

4

6

9

45

20%

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

$3,900,000

$4,197,500

$3,999,999

Inventory

$4,506,821

$4,362,500

$3,825,000

$3,352,500

Solds

$4,200,000

$4,680,000

$4,200,000

$3,820,000

$3,686,500

240

96

65

May-21

104

97 48 Jun-21

134

95 45

Jul-21

24

Aug-21

52

Sep-21

25 Oct-21

132

126

124

56

34

Nov-21

Dec-21

38 Jan-22

37

Feb-22

227

196

162

124

$4,210,000

69

79

88

Mar-22

Apr-22

May-22

MEDIAN DATA REVIEW | MAY TOTAL INVENTORY May 2021

May 2022

96

TOTAL SOLDS May 2021

May 2022

227 VARIANCE: 136 %

88 VARIANCE: 35 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

May 2021

1,012

$

May 2022

1,095 VARIANCE: 8 % $

65

May 2021

SALES PRICE May 2021

3.90m

$

May 2022

99.18% 98.88% VARIANCE: 0 %

May 2022

4.21m VARIANCE: 8 % $

DAYS ON MARKET May 2021

May 2022

23

10 VARIANCE: -57 %

NAPLES MARKET SUMMARY | MAY 2022 • The Naples single-family luxury market is a Seller's Market with a 39% Sales Ratio.

• Homes sold for a median of 98.88% of list price in May 2022.

• The most active price band is $2,800,000-$2,899,999, where the sales ratio is 167%.

• The median luxury sales price for single-family homes is $4,210,000.

• The median days on market for May 2022 was 10 days, down from 23 in May 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 | MAY 2022 Inventory

Sales

Luxury Benchmark Price 1: $1,275,000 $5,100,000+ 3

$4,600,000 - $5,099,999 $4,100,000 - $4,599,999

12

6

2

Total Inventory: 131

5

Total Sales: 113

3

Seller's Market

5 5

$3,600,000 - $4,099,999

$3,100,000 - $3,599,999

Total Sales Ratio2: 86%

11

8

$2,600,000 - $3,099,999

16

14

21

$2,100,000 - $2,599,999 $2,000,000 - $2,099,999

$1,800,000 - $1,899,999

7

4

$1,900,000 - $1,999,999

10

5 3

5

5 5

$1,700,000 - $1,799,999 $1,600,000 - $1,699,999

9 5

$1,500,000 - $1,599,999 $1,400,000 - $1,499,999

3

10

10 6

$1,275,000 - $1,399,999

1

23

15

8

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

$1,705,000

2

2

33

45

73%

2,000 - 2,999

$2,050,500

3

3

50

58

86%

3,000 - 3,999

$3,595,000

3

4

27

18

150%

4,000 - 4,999

$5,800,000

4

4

1

5

20%

5,000+

$6,850,000

4

5

2

5

40%

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

$2,465,500 $2,150,000

Inventory

$2,380,000

$1,900,000

$1,700,000

$1,680,000

111 84

83

May-21

76

76

53

Jun-21

Jul-21

55 28

Aug-21

Sep-21

$1,800,000

35

Oct-21

$1,884,000

107

88

81

73 38

Solds

64

43

Nov-21

$2,025,000

83

Dec-21

52

Jan-22

$2,250,000

74

$2,100,000

94

$2,200,000 $1,962,500

83

106

131 88

113

53

Feb-22

Mar-22

Apr-22

May-22

MEDIAN DATA REVIEW | MAY TOTAL INVENTORY May 2021

May 2022

84

TOTAL SOLDS May 2021

May 2022

131 VARIANCE: 56 %

113 VARIANCE: 36 %

SALE PRICE PER SQFT.

SALE TO LIST PRICE RATIO

May 2021

May 2022

881

967 VARIANCE: 10 %

$

$

83

May 2021

May 2022

98.39% 100.00% VARIANCE: 2 %

SALES PRICE May 2021

2.15m

$

May 2022

2.20m VARIANCE: 2 % $

DAYS ON MARKET May 2021

May 2022

10

7 VARIANCE: -30 %

NAPLES MARKET SUMMARY | MAY 2022 • The Naples attached luxury market is a Seller's Market with an 86% Sales Ratio.

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

• The most active price band is $1,500,000-$1,599,999, where the sales ratio is 200%.

• The median luxury sales price for attached homes is $2,200,000.

• The median days on market for May 2022 was 7 days, down from 10 in May 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