NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT OCTOBER 2022
NAPLES & BONITA SPRI NG S Single-Family Properties
CLOSED SALES •
The number of closed sales in the 12 months ending October 31, 2022 for the Naples and Bonita Springs Area decreased 28% year-over-year (7,538 vs 10,421).
•
There were 51 closed sales priced above two million in October 2022 compared to 40 in October 2021; a 28% increase. During the 12 months ending October 31, 2022, sales in this category decreased 59% over the same time period in 2021 (821 vs 1,993 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending October 31, 2022, a total of 9,744 new listings were added to the market, this is a 6% decrease vs the same time period 12 months ending October 31, 2021.
•
Available inventory as of October 31, 2022 consisted of 2,671 units, an increase of 17% vs the same time period in 2021. Current inventory represents 6 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $1,140,992, an 18% increase vs the same time period in 2021.
•
The median sales price for the area in October 2022 increased 22% to $715,000 vs October 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 October 31, 2022 for the Naples and Bonita Springs Area decreased 35% year-over-year (5,934 vs 9,131).
•
There were 14 closed sales priced above two million in October 2022 compared to 15 in October 2021, a 7% decrease. During the 12 months ending October 31, 2022, sales in this category increased 4% vs the same time period in 2021 (357 vs 343 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending October 31, 2022, a total of 6,926 new listings were added to the market, a 14% decrease vs the same time period 12 months ending October 31, 2021.
•
Available inventory as of October 31, 2022 consisted of 1,524 units, an increase of 17% vs the same time period in 2021. Current inventory represents 5 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $696,540, a 28% increase vs the same time period in 2021.
•
The median sales price for the area in October 2022 increased 19% to $425,000 vs October 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 October 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 39% year-over-year (428 vs 701).
NEW LISTINGS / INVENTORY •
During the 12 months ending October 31, 2022, a total of 724 new listings were added to the market, a decrease of 9% compared to the same time period 12 months ending October 31, 2021.
•
Available inventory as of October 31, 2022 consisted of 294 units, a 52% increase vs the same time period in 2021 (294 vs 193). Current inventory represents 13 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $5,369,901 an increase of 15% vs the same time period in 2021.
•
The median sales price for the area in October 2022 decreased 12% to $2,650,000 vs October 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 October 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 21% year-over-year (626 vs 797).
NEW LISTINGS / INVENTORY •
During the 12 months ending October 31, 2022, a total of 710 new listings were added to the market, a decrease of 7% vs the same time period 12 months ending October 31, 2021.
•
Available inventory as of October 31, 2022 consisted of 180 units, a 5% decrease vs the same time period in 2021 (180 vs 190). Current inventory represents 8 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,510,242, increasing 11% vs the same time period in 2021.
•
The median sales price for the area in October 2022 increased 26% to $1,890,000 vs October 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
$1,140,992 $970,575
$693,526 10,449
$725,575
$683,850
10,408
10,294
10,421
10,371
9,744
8,056
2018
7,538
6,640
6,226
2019
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$696,540
$543,629 $438,966
8,479
$436,549
8,304
8,141 5,192
2018
$478,143
5,303
2019
8,095
9,131
5,677
2020
2021
6,926
5,934
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
$5,369,901 $4,650,404 $3,929,075 $3,436,482
$3,362,216
658
695
641
701
666
724
463
428
364
357
2018
2019
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$2,510,242 $2,116,276 $1,931,582
$2,093,575
774
659
2018
710
626
493
363
2019
797
763
619 439
$2,263,286
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
15
114%
17
-70%
4.6
48%
$9,212,941
50%
Bonita Bay
3
-70%
45
-54%
0.9
-55%
$2,175,628
30%
Collier’s Reserve
1
0%
13
-28%
0.8
100%
$2,214,692
41%
Grey Oaks
9
29%
40
-50%
2.3
53%
$4,709,450
63%
Isles of Collier Preserve
15
150%
41
-53%
1.6
78%
$2,286,451
81%
Kensington
2
-
16
-11%
0.6
-14%
$1,267,197
25%
Lely Resort
24
243%
92
-59%
1.4
36%
$1,312,255
61%
Mediterra
14
75%
41
-55%
2.0
-9%
$3,314,829
42%
Monterey
6
-
16
-52%
1.2
-14%
$1,287,562
30%
Naples Park
69
138%
220
-15%
2.5
92%
$968,005
59%
Naples Reserve
20
233%
61
-53%
1.5
67%
$1,234,974
51%
Olde Naples
27
29%
53
-51%
3.4
17%
$7,679,053
65%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
44
47%
76
-56%
4.5
73%
$4,130,603
44%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
31
121%
29
-19%
6.0
114%
$6,681,552
43%
Pelican Bay
9
0%
40
-54%
1.5
-29%
$4,703,175
26%
Pelican Landing
4
33%
48
-43%
1.1
0%
$1,369,094
53%
Pelican Marsh
6
100%
39
-60%
1.0
-23%
$2,008,654
24%
Pine Ridge
17
113%
23
-52%
5.4
116%
$5,015,935
65%
Port Royal
13
86%
25
-60%
3.7
23%
$19,914,303
66%
Quail Creek
11
267%
28
-24%
2.2
16%
$2,142,071
40%
Quail West
12
71%
44
-47%
1.8
29%
$4,035,159
52%
Royal Harbor
14
17%
25
-46%
3.8
90%
$5,117,280
63%
The Colony At Pelican Landing
0
-100%
6
-73%
0.2
-87%
$2,482,500
57%
Tiburon
1
-
9
-44%
0.7
-22%
$2,911,556
30%
Vanderbilt Beach
19
280%
22
-55%
3.5
75%
$3,812,686
44%
Vineyards
13
30%
62
-28%
1.7
55%
$1,197,867
37%
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
14
-44%
138
-31%
1.0
-58%
$1,209,135
22%
Grey Oaks
0
-100%
17
-11%
0.5
-44%
$1,832,059
74%
Isles of Collier Preserve
6
200%
43
-16%
1.0
-9%
$959,822
64%
Kensington
3
200%
15
-60%
0.7
-75%
$753,133
55%
Lely Resort
21
5%
187
-33%
0.9
-53%
$516,509
52%
Mediterra
2
0%
21
-38%
1.2
-25%
$1,211,810
91%
Olde Naples
19
-37%
131
-40%
1.8
-53%
$1,564,066
39%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
23
283%
94
-37%
1.5
-25%
$639,109
10%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
34
26%
284
-41%
1.3
-46%
$2,248,966
36%
Pelican Bay
37
85%
283
-44%
0.9
-53%
$1,817,837
28%
Pelican Landing
4
33%
58
-43%
0.6
-33%
$531,752
36%
Pelican Marsh
3
50%
61
-52%
0.7
-36%
$763,123
64%
The Dunes of Naples
8
60%
32
-54%
1.3
-28%
$1,918,274
55%
Tiburon
4
300%
28
-56%
1.1
-27%
$1,160,696
30%
Vanderbilt Beach
15
15%
100
-50%
1.5
-42%
$1,437,216
20%
Vineyards
11
83%
114
-32%
1.1
-27%
$605,716
40%
*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 TH WE 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
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