William Raveis Real Estate Luxury Market Report May 2022

NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT MAY 2022

NAPLES & BONITA SPRI NG S Single-Family Properties

CLOSED SALES •

The number of closed sales in the 12 months ending May 31, 2022 for the Naples and Bonita Springs Area decreased 18% year-over-year (8,769 vs 10,664).

•

There were 128 closed sales priced above two million in May 2022 compared to 119 in May 2021, a 8% increase.

During the 12 months ending May 31, 2022, sales in this category decreased 11% over the same time period in 2021 (874 vs 977 units).

NEW LISTINGS / INVENTORY •

During the 12 months ending May 31, 2022, a total of 10,004 new listings were added to the market, this is an 8% decrease vs the same time period 12 months ending May 31, 2021.

•

Available inventory as of May 31, 2022 consisted of 2,687 units, a decrease of 0.3% 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 $1,077,479, a 20% increase vs the same time period in 2021.

•

The median sales price for the area in May 2022 increased 38% to $775,000 vs May 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 May 31, 2022 for the Naples and Bonita Springs Area decreased 20% year-over-year (7,029 vs 8,752).

•

There were 60 closed sales priced above two million in May 2022 compared to 49 in May 2021, a 22% increase.

During the 12 months ending May 31, 2022, sales in this category increased 3% vs the same time period in 2021 (364 vs 354 units).

NEW LISTINGS / INVENTORY •

During the 12 months ending May 31, 2022, a total of 7,449 new listings were added to the market, an 18% decrease vs the same time period 12 months ending May 31, 2021.

•

Available inventory as of May 31, 2022 consisted of 1,845 units, a decrease of 2% 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 $649,998, a 24% increase vs the same time period in 2021.

•

The median sales price for the area in May 2022 increased 47% to $470,000 vs May 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 May 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 33% year-over-year (508 vs 754).

NEW LISTINGS / INVENTORY •

During the 12 months ending May 31, 2022, a total of 653 new listings were added to the market, a decrease of 14% compared to the same time period 12 months ending May 31, 2021.

•

Available inventory as of May 31, 2022 consisted of 277 units, a 14% increase vs the same time period in 2021 (277 vs 242). 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 $5,412,039 an increase of 31% vs the same time period in 2021.

•

The median sales price for the area in May 2022 decreased 13% to $2,950,000 vs May 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 May 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 18% year-over-year (693 vs 847).

NEW LISTINGS / INVENTORY •

During the 12 months ending May 31, 2022, a total of 730 new listings were added to the market, a decrease of 19% vs the same time period 12 months ending May 31, 2021.

•

Available inventory as of May 31, 2022 consisted of 215 units, a 5% decrease vs the same time period in 2021 (215 vs 227). Current inventory represents 2 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $2,450,995, increasing 16% vs the same time period in 2021.

•

The median sales price for the area in May 2022 increased 12% to $2,079,998 vs May 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

$1,077,479 $900,139 $694,752

$681,068

$670,884

10,448

9,597

2019

10,664

10,004

8,769

6,787

6,397

6,073

2018

10,904

9,764

2020

2021

2022

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

New Listings

Closed Units

$649,998 $523,633 $437,596

$423,618

9,062

8,239

8,018 4,954

2018

$434,207

8,752

7,466 5,271

2019

7,449

7,029

5,087

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.

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

$5,412,039

$3,754,752 $3,253,029

$4,116,124 $3,636,641

755 647

613

754 653

626

508 362

330

2018

345

2019

2020

2021

2022

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

New Listings

Closed Units

$2,450,995

$1,907,367

$2,058,928

$2,125,711

$2,119,918

902 636

616

610 439

2018

847

693

339

338 2019

730

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

11

10%

28

-52%

2.4

-63%

$7,766,429

37%

Bonita Bay

4

-64%

61

-32%

1.2

-76%

$1,888,635

14%

Collier’s Reserve

2

0%

9

-59%

0.3

-89%

$1,799,556

15%

Grey Oaks

7

17%

43

-53%

1.3

-72%

$4,327,302

51%

Isles of Collier Preserve

5

-38%

53

-32%

1.1

-71%

$1,878,413

65%

Kensington

1

-67%

17

-15%

1.2

-59%

$1,146,824

23%

Lely Resort

22

-35%

127

-42%

1.2

-81%

$1,111,459

50%

Mediterra

8

-39%

55

-38%

1.4

-80%

$2,970,124

39%

Monterey

3

-57%

22

-35%

0.8

-82%

$1,131,368

23%

60

77%

269

3%

2.1

-38%

$819,796

51%

Naples Reserve

11

10%

102

-51%

1.2

-57%

$978,595

58%

Olde Naples

38

-54%

219

-33%

2.3

-67%

$2,790,073

17%

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

34

-26%

104

-45%

2.7

-59%

$3,725,965

52%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

17

31%

40

3%

4.5

-6%

$6,194,225

51%

Pelican Bay

5

-69%

50

-46%

1.7

-69%

$4,125,941

11%

Pelican Landing

4

-56%

45

-48%

0.7

-88%

$1,250,507

48%

Pelican Marsh

5

-71%

53

-40%

0.7

-85%

$2,038,461

41%

Pine Ridge

19

111%

29

-51%

3.2

-48%

$4,607,848

81%

Port Royal

9

-18%

26

-65%

2.2

-74%

$19,094,846

78%

Quail Creek

7

40%

34

17%

1.5

-67%

$1,968,206

39%

Quail West

6

-46%

49

-52%

1.5

-68%

$3,591,571

52%

Royal Harbor

10

-9%

27

-59%

3.3

-39%

$4,599,117

62%

The Colony At Pelican Landing

0

-100%

11

-50%

0.5

-93%

$2,034,545

29%

Tiburon

3

50%

12

-37%

1.5

-50%

$2,629,417

29%

Vanderbilt Beach

10

25%

30

-50%

2.4

-50%

$3,662,597

72%

Vineyards

6

-50%

67

-30%

1.3

-65%

$955,243

24%

Neighborhood

Naples Park

*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

12

-54%

160

-17%

1.4

-76%

$1,154,836

29%

Grey Oaks

3

-25%

16

7%

0.7

-77%

$1,483,438

40%

Isles of Collier Preserve

3

-25%

38

-38%

1.0

-71%

$883,213

65%

Kensington

1

-67%

16

-60%

0.3

-97%

$659,078

42%

Lely Resort

15

-52%

218

-21%

1.3

-75%

$460,767

44%

Mediterra

4

33%

27

-16%

1.5

-79%

$1,040,593

76%

Olde Naples

20

-62%

157

-20%

2.2

-71%

$1,244,195

12%

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

15

-52%

120

-17%

1.2

-81%

$599,300

11%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

42

-46%

333

-35%

1.4

-80%

$2,074,599

35%

Pelican Bay

24

-64%

359

-24%

1.0

-83%

$1,717,367

29%

Pelican Landing

6

-40%

66

-45%

0.7

-81%

$500,789

42%

Pelican Marsh

6

-50%

76

-43%

0.6

-87%

$646,555

49%

The Dunes of Naples

5

-58%

41

-39%

1.2

-81%

$1,568,458

31%

Tiburon

5

0%

36

-41%

0.8

-86%

$1,126,507

49%

Vanderbilt Beach

21

-38%

150

-12%

1.5

-80%

$1,379,972

26%

Vineyards

16

-39%

131

-20%

0.9

-80%

$530,211

37%

*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.

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