William Raveis Real Estate Dustin Beard Luxury Market Report January 2022

Page 1

NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT JANUARY 2022


NAPLES & BONITA SPRI NG S Single-Family Properties

CLOSED SALES •

The number of closed sales in the 12 months ending January 31, 2022 for the Naples and Bonita Springs Area increased 10% year-over-year (9,811 vs 8,953).

There were 55 closed sales priced above two million in January 2022 compared to 70 in January 2021, a 21% decrease. During the 12 months ending January 31, 2022, sales in this category increased 42% over the same time period in 2021 (947 vs 665 units).

NEW LISTINGS / INVENTORY •

During the 12 months ending January 31, 2022, a total of 9,866 new listings were added to the market, this is a 3% decrease vs the same time period 12 months ending January 31, 2021.

Available inventory as of January 31, 2022 consisted of 2,109 units, a decrease of 36% vs the same time period in 2021. Current inventory represents 4 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $1,010,704, a 28% increase vs the same time period in 2021.

The median sales price for the area in January 2022 increased 36% to $665,000 vs January 2021.

*Source of this market data: Southwest Florida MLS © 2022. 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.


NAPLES & BONITA SPRI NG S Condominiums

CLOSED SALES •

The number of closed sales in the 12 months ending January 31, 2022 for the Naples and Bonita Springs Area increased 34% year-over-year (8,647 vs 6,449).

There were 26 closed sales priced above two million in January 2022 compared to 19 in January 2021, a 37% increase. During the 12 months ending January 31, 2022, sales in this category increased 50% vs the same time period in 2021 (359 vs 240 units).

NEW LISTINGS / INVENTORY •

During the 12 months ending January 31, 2022, a total of 7,573 new listings were added to the market, an 8% decrease vs the same time period 12 months ending January 31, 2021.

Available inventory as of January 31, 2022 consisted of 1,448 units, a decrease of 53% vs the same time period in 2021. Current inventory represents 3 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $582,983, a 19% increase vs the same time period in 2021.

The median sales price for the area in January 2022 increased 46% to $412,000 vs January 2021.

*Source of this market data: Southwest Florida MLS © 2022. 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.


P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Single-Family Properties LUXURY MARKET $1M+ (WEST OF 41)

CLOSED SALES •

The number of closed sales in the 12 months ending January 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area increased 15% year-over-year (638 vs 557).

NEW LISTINGS / INVENTORY •

During the 12 months ending January 31, 2022, a total of 622 new listings were added to the market, a decrease of 9% compared to the same time period 12 months ending January 31, 2021.

Available inventory as of January 31, 2022 consisted of 193 units, a decrease of 36% vs the same time period in 2021 (193 vs 303). Current inventory represents 7 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $5,003,396 an increase of 32% vs the same time period in 2021.

The median sales price for the area in January 2022 increased 72% to $4,300,000 vs January 2021.

*Source of this market data: Southwest Florida MLS © 2022. 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.


P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Condominiums LUXURY MARKET $1M+ (WEST OF 41)

CLOSED SALES •

The number of closed sales in the 12 months ending January 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area increased 39% year-over-year (799 vs 575).

NEW LISTINGS / INVENTORY •

During the 12 months ending January 31, 2022, a total of 733 new listings were added to the market, a decrease of 5% vs the same time period 12 months ending January 31, 2021.

Available inventory as of January 31, 2022 consisted of 199 units, a 41% decrease vs the same time period in 2021 (199 vs 336). Current inventory represents 3 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $2,330,099, increasing 11% vs the same time period in 2021.

The median sales price for the area in January 2022 increased 2% to $1,700,000 vs January 2021.

*Source of this market data: Southwest Florida MLS © 2022. 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.


NAPLES & BONITA SPRI NG S YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price

New Listings

Closed Units

$1,010,704 $788,967

$709,593

$653,218

10,767

$688,422

10,441

6,465

2018

10,165

10,159

9,866

9,811

6,895

6,310

2019

8,953

2020

2021

2022

YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price

New Listings

Closed Units

$582,983 $490,458 $432,900

8,967

$426,429

8,511 5,279

2018

$435,376

5,154

2019

8,647

8,259

7,864 5,504

2020

6,449

2021

7,573

2022

*Source of this market data: Southwest Florida MLS © 2022. 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.


P O RT ROYA L t o B O N I TA BEACH ROAD AREA YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price

New Listings

Closed Units

$5,003,396

$3,750,512

$3,791,116

$3,718,727

$3,144,472

658

614

682

618

557 376

367

323

2018

638

622

2019

2020

2021

2022

YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price

New Listings

Closed Units

$2,330,099 $1,909,628

$1,995,716

$2,093,921

$2,098,999

771 637

615 441

2018

575 377

357

2019

799

733

620

2020

2021

2022

*Source of this market data: Southwest Florida MLS © 2022. 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.


COMMUNITY SNAP SHOT REP ORT Single-Family Properties Active Listings

% Change

Closed Past 12 Months

% Change

Months Of Supply

% Change

Average Closed Price

% Change

Aqualane Shores

8

-68%

46

5%

2.3

-76%

$6,399,109

26%

Bonita Bay

5

-82%

87

24%

1.5

-77%

$1,767,861

24%

Collier’s Reserve

0

-100%

14

-22%

0.2

-96%

$1,595,357

2%

Grey Oaks

7

-74%

60

-25%

1.4

-83%

$3,233,150

27%

Isles of Collier Preserve

2

-83%

75

25%

1.2

-79%

$1,452,028

33%

Kensington

1

-88%

19

36%

1.1

-73%

$1,047,237

27%

Lely Resort

7

-87%

185

17%

1.6

-82%

$887,729

29%

Mediterra

4

-87%

69

10%

1.6

-84%

$2,471,758

27%

Monterey

0

-100%

34

70%

1.7

-62%

$1,034,718

35%

Naples Park

24

-43%

262

28%

1.8

-63%

$675,551

35%

Naples Reserve

5

-76%

116

-15%

1.1

-78%

$901,822

53%

Olde Naples

15

-65%

99

5%

2.6

-70%

$4,813,763

14%

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

22

-61%

139

-6%

2.6

-70%

$3,011,135

34%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

14

17%

36

0%

3.6

-42%

$4,687,639

15%

Pelican Bay

4

-84%

77

7%

2.1

-74%

$4,073,697

41%

Pelican Landing

1

-96%

73

20%

1.0

-87%

$1,017,564

31%

Pelican Marsh

1

-96%

80

23%

1.3

-79%

$1,699,454

54%

Pine Ridge

9

-59%

35

-36%

2.3

-77%

$3,481,158

53%

Port Royal

6

-79%

54

6%

1.9

-85%

$13,063,944

23%

Quail Creek

1

-89%

32

14%

1.5

-72%

$1,608,281

26%

Quail West

8

-62%

67

-22%

1.7

-79%

$2,999,970

33%

Royal Harbor

5

-62%

39

-30%

2.5

-73%

$3,361,120

25%

The Colony At Pelican Landing

1

-86%

16

7%

1.1

-89%

$1,617,500

3%

Tiburon

0

-100%

16

-11%

1.4

-67%

$2,596,641

35%

Vanderbilt Beach

8

-47%

38

-21%

2.0

-76%

$3,079,524

61%

Vineyards

5

-67%

79

-7%

1.7

-70%

$907,278

25%

Neighborhood

*Source of this market data: Southwest Florida MLS © 2022. 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.


COMMUNITY SNAP SHOT REP ORT Condominiums Neighborhood

Active Listings

% Change

Closed Past 12 Months

% Change

Months Of Supply

% Change

Average Closed Price

% Change

Bonita Bay

15

-80%

189

24%

1.9

-76%

$1,031,939

34%

Grey Oaks

0

-100%

18

64%

1.1

-58%

$1,231,111

24%

Isles of Collier Preserve

2

-88%

51

19%

1.3

-76%

$666,812

27%

Kensington

0

-100%

32

60%

1.1

-91%

$513,423

19%

Lely Resort

12

-86%

276

42%

1.8

-72%

$368,308

18%

Mediterra

0

-100%

32

100%

1.1

-90%

$679,797

16%

Olde Naples

21

-75%

204

48%

2.9

-68%

$1,171,661

20%

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

9

-81%

142

45%

1.9

-77%

$622,245

34%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

20

-90%

450

23%

1.9

-79%

$1,804,983

29%

Pelican Bay

19

-88%

477

37%

1.6

-80%

$1,491,304

24%

Pelican Landing

5

-82%

92

-7%

0.8

-86%

$422,372

23%

Pelican Marsh

6

-75%

111

14%

1.0

-83%

$511,420

25%

The Dunes of Naples

4

-78%

55

20%

1.8

-87%

$1,287,144

14%

Tiburon

1

-95%

56

30%

1.2

-84%

$931,406

23%

Vanderbilt Beach

11

-78%

187

66%

2.2

-78%

$1,254,106

24%

Vineyards

2

-96%

173

40%

1.6

-70%

$457,302

27%

*Source of this market data: Southwest Florida MLS © 2022. 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.


KEY

S OU THWE ST FL O R I DA COMM U NI T Y GU I D E

GOLF COURSE 18 holes 27 holes 36 holes

- City of Naples - North Naples (North of Pine Ridge Road) - South Naples (South of Pine Ridge Road) - Bonita Springs

54 holes 90 holes PRICE RANGE

$

Dominant price less than $500K

$$

Dominant price $500K to $1M

$$$

Dominant price over $1M

Neighborhood

Single-Family

Condominium

Golf Course

AQUALANE SHORES City of Naples

Boating*

Clubhouse

Tennis

Gated** Price Range

$$$

BONITA BAY Bonita Springs

90

$$$

COLLIER’S RESERVE North Naples

18

$$$

GREY OAKS South Naples & City of Naples

54

$$$

ISLE OF COLLIER PRESERVE South Naples

$$

KENSINGTON South Naples

18

$$

LELY RESORT South Naples

54

$

MEDITERRA North Naples

36

$$$

MONTEREY North Naples MOORINGS & COQUINA SANDS City of Naples

$$ 18

$$$

*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.

*Source of this market data: Southwest Florida MLS © 2022. 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

Single-Family

Condominium

Golf Course

NAPLES PARK North Naples

Boating*

Clubhouse

Tennis

Gated** Price Range

$$

NAPLES RESERVE South Naples

$

OLD NAPLES City of Naples

$$$

PARK SHORE City of Naples

$$$

PELICAN BAY North Naples

27

$$$

PELICAN LANDING Bonita Springs

54

$

PELICAN MARSH North Naples

18

$$$

PINE RIDGE North Naples

$$$

PORT ROYAL City of Naples

$$$

QUAIL CREEK North Naples

18

$$$

QUAIL WEST North Naples

36

$$$

ROYAL HARBOR City of Naples THE COLONY AT PELICAN LANDING Bonita Springs

$$$ 54

THE DUNES OF NAPLES North Naples TIBURON GOLF CLUB North Naples

$$$ 36

VANDERBILT BEACH AREA North Naples VINEYARDS North Naples

$$

$$$ $$$

36

$$

*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.

*Source of this market data: Southwest Florida MLS © 2022. 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.


239.289.2650 DustinBeard.com Dustin@DustinBeard.com

| RAVEIS.COM |