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MANAGED BY BY MANAGED

DECEMBER 2020 LUXURY PROPERTIES MARKET REPORT RE EA AL L E ES ST TA AT TE E R

Naples | Bonita Springs


NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES CLOSED SALES •

The number of closed sales in the 12 months ending December 31, 2020 for the Naples and Bonita Springs Area increased 26% year-over-year (8,579 vs 6,832).

There were 101 closed sales, priced above two million, in December 2020 compared to 35 in December 2019, a 189% increase. During the 12 months ending December 31, 2020, sales in this category increased 68% over the same time period in 2019 (627 vs 373).

NEW LISTINGS / INVENTORY •

During the 12 months ending December 31, 2020, a total of 10,296 new listings were added to the market, remaining relatively the same with an increase of 1% vs the same time period 12 months ending December 31, 2019.

Available inventory as of December 31, 2020 consisted of 3,075 units, a decrease of 30% vs the same time period in 2019. Current inventory represents 3.4 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $774,651 a 13% increase vs the same time period in 2019.

The median sales price for the area in December 2020 increased 21% to $498,623 vs December 2019.

NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •

The number of closed sales in the 12 months ending December 31, 2020 for the Naples and Bonita Springs Area increased 13% year-over-year (6,128 vs 5,421).

There were 26 closed sales priced above two million compared to 7 in December 2019, a 271% increase. During the 12 months ending December 31, 2020, sales in this category increased 67% vs the same time period in 2019 (235 vs 141 units).

NEW LISTINGS / INVENTORY •

During the 12 months ending December 31, 2020, a total of 8,273 new listings were added to the market, a 3% increase vs the same time period 12 months ending December 31, 2019.

Available inventory as of December 31, 2020 consisted of 2,948 units, a decrease of 16% vs the same time period in 2019. Current inventory represents 4.2 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $493,606 an increase of 15% vs the same time period in 2019.

The median sales price for the area in December 2020 increased 16% to $299,000 vs December 2019.

* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.


LUXURY MARKET $1M+ (WEST OF 41) PORT ROYAL TO BONITA BEACH ROAD AREA – SINGLE FAMILY PROPERTIES CLOSED SALES •

The number of closed sales in the 12 months ending December 31, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 43% year-over-year (535 vs 373).

NEW LISTINGS / INVENTORY •

During the 12 months ending December 31, 2020, a total of 699 new listings were added to the market, an increase of 11% compared to the same time period 12 months ending December 31, 2019.

Available inventory as of December 31, 2020 consisted of 284 units, a decrease of 25% vs the same time period in 2019 (284 vs 377). Current inventory represents 3.6 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $3,690,987, a decrease of 3% vs the same time period in 2019.

The median sales price for the area in December 2020 increased 71% to $3,850,000 vs December 2019.

LUXURY MARKET $1M+ (WEST OF 41) PORT ROYAL TO BONITA BEACH ROAD AREA - CONDOMINIUMS CLOSED SALES •

The number of closed sales in the 12 months ending December 31, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 52% year-over-year (557 vs 367).

NEW LISTINGS / INVENTORY •

During the 12 months ending December 31, 2020, a total of 782 new listings were added to the market, an increase of 26% vs the same time period 12 months ending December 31, 2019.

Available inventory as of December 31, 2020 consisted of 308 units, an 18% decrease vs the same time period in 2019. Current inventory represents 4.2 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $2,121,623, increasing 2% vs the same time period in 2019.

The median sales price for the area in December 2020 increased 4% to $1,620,000 vs December 2019.

* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.


New Listings | Closed Units 12 Month Comparisons Naples and Bonita Springs - Single Family Properties 12,000

New Listings

10,000

2016 ---------------- 10,307 2017 ---------------- 9,483 2018 ---------------- 10,442 2019 ---------------- 10,183 2020 --------------- 10,296

8,000

6,000

Closed Units

4,000

2016 ---------------- 5,830 2017 ---------------- 6,081 2018 ----------------- 6,273 2019 ---------------- 6,832 2020 --------------- 8,579

2,000

0 2016

2017

2018

2019

2020

Naples and Bonita Springs - Condominiums 10,000

New Listings 2016 ----------------- 8,312 2017 ----------------- 7,844 2018 ----------------- 8,459 2019 ----------------- 8,001 2020 ----------------- 8,273

8,000

6,000

Closed Units

4,000

2016 ----------------- 4,761 2017 ----------------- 4,838 2018 ----------------- 5,285 2019 ----------------- 5,421 2020 ----------------- 6,128

2,000

0 2016

2017

2018

2019

2020

* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.


Average Sales Price 12 Month Comparisons Naples and Bonita Springs - Single Family Properties $800,000

$775K

$700,000

$699K $600,000

$635K

$654K

$687K

$500,000 $400,000 $300,000 $200,000

2016

2017

2018

2019

2020

Naples and Bonita Springs - Condominiums $500,000

$494K $445K

$400,000

$430K $399K

$411K

$300,000

$200,000

$100,000

0

2016

2017

2018

2019

2020

* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.


New Listings | Closed Units 12 Month Comparisons Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Single Family Properties $1M+ 800

New Listings

700

2016 ---------------- 697 2017 ---------------- 601 2018 ---------------- 651 2019 ---------------- 631 2020 --------------- 699

600 500 400

Closed Units

300

2016 ---------------- 287 2017 ---------------- 325 2018 ----------------- 356 2019 ---------------- 373 2020 --------------- 535

200

0

2016

2017

2018

2019

2020

Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+ New Listings

800

2016 ---------------- 589 2017 ---------------- 589 2018 ---------------- 642 2019 ---------------- 623 2020 --------------- 782

700 600 500 400

Closed Units 2016 ---------------- 283 2017 ---------------- 335 2018 ----------------- 436 2019 ---------------- 367 2020 --------------- 557

300 200

0

2016

2017

2018

2019

2020

* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.


Average Sales Price 12 Month Comparisons Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Single Family Properties ($1M+) $4,500,000

$4,000,000

$3,500,000

$3.786M $3.590M

$3,000,000

$3.284M

$3.223M

2016

2017

$3.691M

$2,500,000

$2,000,000

$1,500,000 0 2018

2019

2020

Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000

$2,000,000

$1.997M $1,500,000

$1.911M

$1.977M

$2.077M

$2.122M

2019

2020

$1,000,000

$500,000

0

2016

2017

2018

* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.


Neighborhood Snapshot Report Single Family Properties

Monthly Snapshot as of December 31, 2020

ACTIVE LISTINGS

% CHANGE

CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY

% CHANGE

AVERAGE CLOSED PRICE

% CHANGE

Aqualane Shores

19

-35%

42

+147%

9.9

-15%

$5,072,621

+3%

Bonita Bay

24

-27%

62

-9%

6.4

-2%

$1,430,201

+38%

Collier’s Reserve

4

-60%

17

no change

5.8

-44%

$1,591,000

+13%

Grey Oaks

13

-74%

73

+74%

8.5

-45%

$2,446,550

-11%

Isles of Collier Preserve

8

-56%

59

+28%

5.6

-8%

$1,094,760

+16%

Kensington

2

-78%

13

-28%

3.8

-38%

$824,262

-1%

Lely Resort

26

-72%

142

+28%

9.3

-18%

$683,224

+12%

Mediterra

28

-56%

61

+36%

10.6

-29%

$1,958,326

-19%

Monterey

6

-40%

20

-13%

4.2

-30%

$767,625

-5%

Naples Park

28

-61%

199

+24%

4.9

-35%

$490,137

+11%

Naples Reserve

12

-82%

136

+58%

5.5

-35%

$571,844

+13%

Olde Naples

33

-48%

95

+23%

8.7

-35%

$4,237,916

+5%

Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront

40

-49%

146

+28%

8.7

-24%

$2,193,550

+5%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

11

-48%

40

+18%

6.5

-38%

$3,990,251

+13%

Pelican Bay

21

-54%

69

+47%

8.4

-25%

$3,107,209

+20%

Pelican Landing

10

-72%

59

-3%

7.4

-14%

$784,153

+1%

Pelican Marsh

14

-59%

63

+31%

6.5

-36%

$1,122,478

+15%

Pine Ridge

17

-62%

55

+104%

10.5

+10%

$2,261,118

+21%

Port Royal

25

-49%

46

+21%

13.2

-14%

$9,294,565

-1%

Quail Creek

6

-65%

26

+18%

5.4

-31%

$1,227,096

+9%

Quail West

12

-77%

77

+48%

8.7

-32%

$2,173,501

+20%

Royal Harbor

11

-68%

55

+96%

9.5

-22%

$2,620,964

+21%

The Colony At Pelican Landing

7

-50%

14

+100%

11.3

-19%

$1,543,929

-11%

Tiburon

3

-63%

18

+80%

4.5

+22%

$1,884,389

+48%

Vanderbilt Beach

8

-72%

45

+41%

8.9

-34%

$2,004,563

+8%

Vineyards

6

-85%

84

+22%

6.1

-28%

$706,040

+6%

* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.


Neighborhood Snapshot Report Condominiums

Monthly Snapshot as of December 31, 2020

ACTIVE LISTINGS

% CHANGE

CLOSED PAST % 12 MONTHS CHANGE

MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE

% CHANGE

Bonita Bay

57

-42%

140

+12%

8.0

-4%

$780,369

+7%

Grey Oaks

4

no change

9

-36%

2.6

-48%

$1,043,100

+19%

Isles of Collier Preserve

9

-61%

45

+45%

5.5

-35%

$525,888

+5%

Kensington

16

+14%

19

+27%

12.5

+129%

$436,205

-6%

Lely Resort

58

-48%

183

-5%

6.2

-38%

$308,556

-2%

9

-53%

18

+20%

11.4

-1%

$577,806

-1%

Olde Naples

64

-31%

129

+9%

8.7

-23%

$970,444

-8%

Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront

34

-35%

96

+39%

8.4

no change

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

115

-35%

349

+14%

9.1

Pelican Bay

115

-43%

329

+31%

Pelican Landing

26

-37%

98

Pelican Marsh

17

-68%

Pine Ridge

3

The Dunes of Naples

Mediterra

$451,718

+14%

-3%

$1,428,153

+11%

8.0

-16%

$1,203,973

-19%

+9%

5.5

-25%

$348,072

+8%

95

+6%

6.2

-30%

$404,449

+10%

-67%

22

+38%

3.9

-46%

$212,705

-5%

12

-57%

91

+15%

6.0

+100%

$1,129,718

-1%

Tiburon

16

-6%

38

-12%

7.2

+22%

$763,309

+1%

Vanderbilt Beach

47

-45%

104

+6%

10.0

-22%

$996,800

+19%

Vineyards

32

-51%

128

-2%

5.4

-37%

$362,984

+1%

* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.


Neighborhood Guide LOCATIONS:

HOME STYLE:

City of Naples North Naples (North of Pine Ridge Rd.) South Naples (South of Pine Ridge Rd.) Marco Area

GOLF COURSES |

18 holes

PRICE RANGE:

| Single Family Home

| Dominant price less than $500,000

| Condominium

| Dominant price $500,000 - $1,000,000 | Dominant price over $1,000,000

27 holes

36 holes

54 holes

90 holes

BOATING | Many properties are boating oriented (have a dock or there is a community dock/marina) GATED | May or may not be manned by a security guard

COMMUNITY

HOME STYLE

GOLF COURSE

BOATING COMMUNITY

CLUB HOUSE

TENNIS

GATED

PRICE RANGE

AQUALANE SHORES City of Naples

BONITA BAY Bonita Springs

COLLIER’S RESERVE North Naples

GREY OAKS

South Naples & City of Naples

ISLE OF COLLIER PRESERVE South Naples

KENSINGTON South Naples

LELY RESORT South Naples

MEDITERRA North Naples

MONTEREY North Naples

MOORINGS & COQUINA SANDS City of Naples

NAPLES PARK North Naples

NAPLES RESERVE South Naples

* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.


Neighborhood Guide COMMUNITY

HOME STYLE

GOLF COURSE

BOATING COMMUNITY

CLUB HOUSE

TENNIS

GATED

PRICE RANGE

OLD NAPLES City of Naples

PARK SHORE City of Naples

PELICAN BAY North Naples

PELICAN LANDING Bonita Springs

PELICAN MARSH North Naples

PINE RIDGE North Naples

PORT ROYAL City of Naples

QUAIL CREEK North Naples

QUAIL WEST North Naples

ROYAL HARBOR City of Naples

THE COLONY AT PELICAN LANDING Bonita Springs

THE DUNES OF NAPLES North Naples

TIBURON GOLF CLUB North Naples

VANDERBILT BEACH AREA North Naples

VINEYARDS North Naples

* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.


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William Raveis Real Estate December 2020 Market Report  

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