JUNE
Home of the CLHMS
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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.
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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