NAPLES FLORIDA
2023 MARCH
Home of the CLHMS TM
26 25 42 13 29 30 35 37 55 41 44 41 20 9 11 1 2 1 1 2 0 6 5 4 5 5 3 3 0 3 $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 $2,571,767 3 2 2 27 7% 2,000 - 2,999 $3,162,500 4 4 8 79 10% 3,000 - 3,999 $3,900,000 4 4 16 102 16% 4,000 - 4,999 $6,125,000 4 5 6 108 6% 5,000 - 5,999 $8,400,000 5 6 3 61 5% 6,000+ $9,175,000 5 7 6 81 7% NAPLES SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES | FEBRUARY 2023 Luxury Benchmark Price 1: $2,400,000 Buyer's Market 458 Total Inventory: 41 Total Sales: 9% 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 SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | FEBRUARY
TOTAL INVENTORY
VARIANCE: 269 % 124 458 Feb. 2022 Feb. 2023
PRICE PER SQFT.
VARIANCE: 8 % $1,154 $1,247
TOTAL SOLDS
VARIANCE: 11 % 37 41
SALE TO LIST PRICE RATIO
100.00% 95.03%
VARIANCE: - 5 %
SALES PRICE
VARIANCE: 7 % $4.20m $4.50m
DAYS ON MARKET
12 44
VARIANCE: 267 %
NAPLES MARKET SUMMARY | FEBRUARY 2023
• The Naples single-family luxury market is a Buyer's Market with a 9% Sales Ratio.
• Homes sold for a median of 95.03% of list price in February 2023.
• The most active price band is $2,400,000-$2,499,999, where the sales ratio is 27%
• The median luxury sales price for single-family homes is $4,500,000.
• The median days on market for February 2023 was 44 days, up from 12 in February 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 124 162 196 227 261 246 232 245 301 335 349 417 458 37 69 79 88 40 33 39 18 39 31 48 41 41 $4,200,000 $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 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23
Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023 Feb. 2022 Feb. 2023
SALE
28 5 7 21 14 40 39 3 16 8 16 14 19 18 25 4 0 2 3 3 5 9 3 3 2 1 1 7 2 4 $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
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $1,920,000 2 2 5 30 17% 1,500 - 1,999 $1,850,000 2 3 11 68 16% 2,000 - 2,499 $1,731,000 3 3 10 62 16% 2,500 - 2,999 $2,525,000 3 3 12 54 22% 3,000 - 3,499 $2,540,000 4 4 6 29 21% 3,500+ $4,400,000 4 5 5 30 17%
INVENTORY VS. SALES
Luxury Benchmark Price 1: $1,275,000 Balanced Market 273 Total Inventory: 49 Total Sales: 18% 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 HOMES
LUXURY
| FEBRUARY 2023
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | FEBRUARY
TOTAL INVENTORY TOTAL SOLDS
269 % 74 273
SALE PRICE PER SQFT.
VARIANCE: 3 % $1,039 $1,067
NAPLES
- 8 % 53 49
SALE TO LIST PRICE RATIO
VARIANCE: - 3 % 99.42% 96.51%
SALES PRICE
- 2 % $2.25m $2.20m
DAYS ON MARKET
VARIANCE: 88 % 17 32
MARKET SUMMARY | FEBRUARY 2023
• The Naples attached luxury market is a Balanced Market with an 18% Sales Ratio.
• Homes sold for a median of 96.51% of list price in February 2023.
• The most active price band is $2,000,000-$2,099,999, where the sales ratio is 100%
• The median luxury sales price for attached homes is $2,195,000.
• The median days on market for February 2023 was 32 days, up from 17 in February 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.
74 94 106 131 154 140 129 143 142 158 174 234 273 53 83 88 113 70 22 35 29 29 31 42 137 49 $2,250,000 $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 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Solds Sale Price Inventory
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NAPLES ATTACHED HOMES
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