Luxury Real Estate Market Report - Naples, FL - January 2025

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NAPLES FLORIDA

LUXURY

INVENTORY

VS. SALES | DECEMBER 2024

Buyer's Market Total Inventory:

$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 - MONTH LUXURY MARKET TREND 4

MEDIAN DATA REVIEW | DECEMBER

VARIANCE: 24 % 532 658 Dec. 2023 Dec. 2024 TOTAL INVENTORY VARIANCE: - 7 % 42 39 TOTAL SOLDS VARIANCE: 4 % $3.75m $3.90m SALES PRICE

VARIANCE: - 1 % 95.66% 95.08% SALE TO LIST PRICE RATIO VARIANCE: 0 % $967 $967 SALE PRICE PER SQFT.

VARIANCE: 92 % 36 69 DAYS ON MARKET

NAPLES MARKET SUMMARY | DECEMBER 2024

• The single-family luxury market is a Buyer's Market with a 6% Sales Ratio.

• Homes sold for a median of 95.08% of list price in December 2024.

• The most active price band is $2,500,000-$2,599,999, where the sales ratio is 25%

• The median luxury sales price for single-family homes is $3,900,000.

• The median days on market for December 2024 was 69 days, up from 36 in December 2023.

3Square foot table does not account for listings and solds where square foot data is not disclosed.

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

Benchmark Price 1: $1,275,000

LUXURY INVENTORY VS. SALES | DECEMBER 2024

Buyer's Market

$4,100,000

$1,700,000

$1,600,000

$1,500,000

Luxury Benchmark Price 1: $1,275,000

13 - MONTH LUXURY MARKET TREND 4

Median Sales Price Inventory

Solds

MEDIAN DATA REVIEW | DECEMBER

TOTAL INVENTORY TOTAL SOLDS

VARIANCE: - 21 % $1,130 $892 SALE PRICE PER SQFT.

VARIANCE: 168 % 22 59 DAYS ON MARKET VARIANCE: - 1 % 96.31% 95.45% SALE TO LIST PRICE RATIO

NAPLES MARKET SUMMARY | DECEMBER 2024

• The attached luxury market is a Buyer's Market with a 5% Sales Ratio.

• Homes sold for a median of 95.45% of list price in December 2024.

• The most active price band is $2,000,000-$2,099,999, where the sales ratio is 27%

• The median luxury sales price for attached homes is $2,050,000.

• The median days on market for December 2024 was 59 days, up from 22 in December 2023.

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