NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT FEBRUARY 2022
NAPLES & BONITA SPRI NG S Single-Family Properties
CLOSED SALES •
The number of closed sales in the 12 months ending February 28, 2022 for the Naples and Bonita Springs Area increased 4% year-over-year (9,102 vs 8,758).
•
There were 45 closed sales priced above two million in February 2022 compared to 68 in February 2021, a 34% decrease. During the 12 months ending February 28, 2022, sales in this category increased 31% over the same time period in 2021 (846 vs 644 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending February 28, 2022, a total of 9,351 new listings were added to the market, this is a 2% decrease vs the same time period 12 months ending February 28, 2021.
•
Available inventory as of February 28, 2022 consisted of 2,292 units, a decrease of 27% 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 $1,009,797, a 26% increase vs the same time period in 2021.
•
The median sales price for the area in February 2022 increased 32% to $640,000 vs February 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 February 28, 2022 for the Naples and Bonita Springs Area increased 23% year-over-year (7,817 vs 6,377).
•
There were 25 closed sales priced above two million in February 2022 compared to 31 in February 2021, a 19% decrease. During the 12 months ending February 28, 2022, sales in this category increased 35% vs the same time period in 2021 (350 vs 259 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending February 28, 2022, a total of 7,059 new listings were added to the market, an 8% decrease vs the same time period 12 months ending February 28, 2021.
•
Available inventory as of February 28, 2022 consisted of 1,594 units, a decrease of 44% 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 $608,706, a 20% increase vs the same time period in 2021.
•
The median sales price for the area in February 2022 increased 39% to $410,000 vs February 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 February 28, 2022 for the luxury market from Port Royal to Bonita Beach Road Area increased 18% year-over-year (601 vs 508).
NEW LISTINGS / INVENTORY •
During the 12 months ending February 28, 2022, a total of 621 new listings were added to the market, a decrease of 7% compared to the same time period 12 months ending February 28, 2021.
•
Available inventory as of February 28, 2022 consisted of 239 units, a decrease of 24% vs the same time period in 2021 (239 vs 314). 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 $5,142,553 an increase of 31% vs the same time period in 2021.
•
The median sales price for the area in February 2022 increased 41% to $4,995,000 vs February 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 February 28, 2022 for the luxury market from Port Royal to Bonita Beach Road Area increased 26% year-over-year (771 vs 613).
NEW LISTINGS / INVENTORY •
During the 12 months ending February 28, 2022, a total of 716 new listings were added to the market, a decrease of 9% vs the same time period 12 months ending February 28, 2021.
•
Available inventory as of February 28, 2022 consisted of 233 units, a 34% decrease vs the same time period in 2021 (233 vs 351). 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 $2,377,445, increasing 12% vs the same time period in 2021.
•
The median sales price for the area in February 2022 increased 15% to $2,166,858 vs February 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
$1,020,702 $811,532 $706,150
$665,202
$682,605
10,439
9,553
10,168
2018
2019
9,202
9,783
9,534
7,066
6,287
6,004
10,060
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$599,541 $497,193 $445,295
$420,587
8,395
7,883 4,958
2018
$437,225
8,210
7,945 5,082
2019
5,607
2020
6,797
2021
7,463
8,267
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
$5,142,553
$3,859,772
$3,920,958
$3,610,445
$3,125,545
666
608
668
636
2018
622
601
388
354
337
580
2019
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$2,377,445 $1,943,460
$1,999,466
$2,125,125
$2,113,772
783 628
626
625
451
2018
613 381
333 2019
771
716
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
9
-57%
44
-6%
2.1
-75%
$6,323,216
18%
Bonita Bay
4
-84%
80
14%
1.2
-80%
$1,814,286
30%
Collier’s Reserve
0
-100%
14
-30%
0.1
-98%
$1,685,786
7%
Grey Oaks
4
-84%
55
-35%
1.2
-83%
$3,366,073
31%
Isles of Collier Preserve
3
-63%
66
-7%
0.5
-64%
$2,690,500
116%
Kensington
1
-86%
18
20%
0.8
-79%
$1,066,806
31%
Lely Resort
7
-88%
176
4%
1.3
-84%
$915,765
32%
Mediterra
1
-96%
68
2%
1.3
-86%
$2,515,357
22%
Monterey
0
-100%
32
68%
1.2
-75%
$1,050,950
30%
Naples Park
28
-22%
255
14%
1.8
-60%
$685,794
34%
Naples Reserve
5
-82%
112
-22%
1.0
-77%
$926,240
54%
Olde Naples
18
-54%
93
-7%
2.5
-70%
$5,145,978
25%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
34
-48%
134
-11%
2.5
-70%
$3,137,991
36%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
13
18%
39
18%
3.7
-37%
$5,147,436
27%
Pelican Bay
4
-81%
63
-9%
0.8
-74%
$3,968,065
26%
Pelican Landing
1
-96%
73
20%
1.0
-89%
$1,041,082
32%
Pelican Marsh
3
-82%
70
-4%
1.1
-81%
$1,823,504
58%
Pine Ridge
11
-48%
36
-33%
2.2
-75%
$3,546,959
53%
Port Royal
7
-67%
46
-18%
1.9
-84%
$13,858,217
33%
Quail Creek
6
-40%
32
23%
1.3
-75%
$1,633,031
27%
Quail West
4
-83%
64
-27%
1.6
-78%
$2,950,750
28%
Royal Harbor
5
-62%
36
-40%
2.4
-71%
$3,710,574
39%
The Colony At Pelican Landing
0
-100%
14
-22%
0.8
-91%
$1,656,786
3%
Tiburon
1
-67%
16
-11%
1.3
-68%
$2,673,641
52%
Vanderbilt Beach
8
-67%
37
-18%
2.0
-73%
$3,111,403
69%
Vineyards
4
-85%
80
3%
1.4
-74%
Neighborhood
$905,188
23%
*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
11
-81%
190
27%
1.6
-79%
$1,056,541
34%
Grey Oaks
0
-100%
17
42%
0.9
-67%
$1,265,000
24%
Isles of Collier Preserve
2
-89%
48
0%
1.0
-80%
$699,952
31%
Kensington
1
-93%
32
60%
0.5
-96%
$522,486
23%
Lely Resort
9
-88%
263
28%
1.5
-76%
$383,033
24%
Mediterra
2
-71%
30
58%
1.0
-90%
$701,117
20%
26
-67%
197
32%
2.7
-69%
$1,218,640
22%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
8
-83%
144
40%
1.5
-81%
$623,776
35%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
30
-83%
423
7%
1.5
-83%
$1,842,175
31%
Pelican Bay
12
-91%
445
21%
1.3
-83%
$1,522,743
22%
Pelican Landing
1
-94%
83
-23%
0.7
-86%
$442,117
28%
Pelican Marsh
4
-85%
105
3%
0.9
-84%
$526,520
25%
The Dunes of Naples
4
-79%
53
8%
1.6
-82%
$1,287,885
13%
Tiburon
0
-100%
49
0%
0.9
-87%
$962,117
26%
Vanderbilt Beach
11
-76%
179
46%
1.9
-79%
$1,322,882
30%
Vineyards
5
-88%
163
25%
1.4
-73%
$471,042
26%
Olde Naples
*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
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