Home of the CLHMS TM
NAPLES FLORIDA
2022 NOVEMBER
$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
13 14 24 15 11 23 20 23 40 29 32 26 13 5 13 2 0 1 0 0 1 4 3 3 6 6 5 4 4 0
InventorySales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $3,100,000 4 3 1 22 5% 2,000 - 2,999 $2,999,999 3 3 9 47 19% 3,000 - 3,999 $3,072,500 4 4 8 72 11% 4,000 - 4,999 $3,650,000 4 5 13 66 20% 5,000 - 5,999 $7,750,000 4 6 3 39 8% 6,000+ $6,750,000 5 6 5 55 9% NAPLES SINGLE FAMILY HOMES LUXURY INVENTORY VS. SALES | OCTOBER 2022 Luxury Benchmark Price 1: $2,400,000 Buyer's Market 301 Total Inventory: 39 Total Sales: 13% 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 | OCTOBER 13 - MONTH LUXURY MARKET TREND 4 Solds Median Sales Price Inventory 134 124 126 132 124 162 196 227 261 246 232 245 301 25 34 56 38 37 69 79 88 40 33 39 18 39 $4,506,821 $3,825,000 $4,200,000 $3,686,500 $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 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 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. • The Naples single-family luxury market is a Buyer's Market with a 13% Sales Ratio. • Homes sold for a median of 96.07% of list price in October 2022. • The most active price band is $2,500,000-$2,599,999, where the sales ratio is 80% • The median luxury sales price for single-family homes is $3,500,000. • The median days on market for October 2022 was 47 days, up from 26 in October 2021. NAPLES SINGLE FAMILY HOMES NAPLES MARKET SUMMARY | OCTOBER 2022 VARIANCE: 125 % 134 301 Oct. 2021 Oct. 2022 TOTAL INVENTORY VARIANCE: 56 % 25 39 TOTAL SOLDS VARIANCE: 22 % $4.51m $3.50m SALES PRICE VARIANCE: 81 % 26 47 DAYS ON MARKET VARIANCE: 3 % 99.14% 96.07% SALE TO LIST PRICE RATIO VARIANCE: 13 % $1,224 $1,069 SALE PRICE PER SQFT. Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022
$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
10 5 4 8 11 17 26 6 16 4 5 7 4 8 11 0 0 0 3 3 4 5 2 2 2 2 0 1 2 3
Inventory Sales NAPLES ATTACHED HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $1,450,000 3 2 1 7 14% 1,500 - 1,999 $1,795,000 3 3 6 37 16% 2,000 - 2,499 $2,300,000 3 3 9 31 29% 2,500 - 2,999 $2,137,500 3 3 6 27 22% 3,000 - 3,499 $3,325,000 3 4 5 23 22% 3,500+ $3,027,500 4 5 2 17 12% LUXURY INVENTORY VS. SALES | OCTOBER 2022 Luxury Benchmark Price 1: $1,275,000 Balanced Market 142 Total Inventory: 29 Total Sales: 20% 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.
81 88 107 83 74 94 106 131 154 140 129 143 142 35 43 64 52 53 83 88 113 70 22 35 29 29 $1,680,000 $1,800,000 $1,884,000 $2,025,000 $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 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Solds Sale Price Inventory 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. 13 - MONTH LUXURY MARKET TREND 4 VARIANCE: 75 % 81 142 VARIANCE: 17 % 35 29 VARIANCE: 25 % $1.68m $2.10m SALES PRICE VARIANCE: 200 % 7 21 DAYS ON MARKET VARIANCE: 2 % 98.58% 96.40% SALE TO LIST PRICE RATIO VARIANCE: 13 % $800 $902 SALE PRICE PER SQFT. NAPLES MARKET SUMMARY | OCTOBER 2022 NAPLES ATTACHED HOMES • The Naples attached luxury market is a Balanced Market with a 20% Sales Ratio. • Homes sold for a median of 96.40% of list price in October 2022. • The most active price band is $1,800,000-$1,899,999, where the sales ratio is 50% • The median luxury sales price for attached homes is $2,100,000. • The median days on market for October 2022 was 21 days, up from 7 in October 2021. Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 MEDIAN DATA REVIEW | OCTOBER TOTAL INVENTORY TOTAL SOLDS