NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT DECEMBER 2023
NAPLES & BONITA SPRI NG S Single-Family Properties
CLOSED SALES •
The number of closed sales in the 12 months ending December 31st, 2023 for the Naples and Bonita Springs Area decreased 12% year-over-year (6,347 vs 7,199).
•
There were 57 closed sales priced above two million in December 2023 compared to 67 in December 2022; a 15% decrease. During the 12 months ending December 31st, 2023, sales in this category decreased 12% over the same time period in 2022 (710 vs 805 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31st, 2023, a total of 9,231 new listings were added to the market, this is a 7% decrease vs the same time period 12 months ending December 31st, 2022.
•
Available inventory as of December 31st, 2023 consisted of 3,134 units, an increase of 14% vs the same time period in 2022. 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 $1,151,425, a 0.07% increase vs the same time period in 2022.
•
The median sales price for the area in December 2023 increased 9% to $740,000 vs December 2022.
*Source of this market data: Southwest Florida MLS © 2024. 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 December 31st, 2023 for the Naples and Bonita Springs Area decreased 13% year-over-year (4,780 vs 5,517).
•
There were 29 closed sales priced above two million in December 2023 compared to 16 in December 2022; an 81% increase. During the 12 months ending December 31st, 2023, sales in this category increased 26% over the same time period in 2022 (455 vs 360 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31st, 2023, a total of 7,076 new listings were added to the market, a 4% increase vs the same time period 12 months ending December, 2022.
•
Available inventory as of December 31st, 2023 consisted of 2,519 units, an increase of 49% vs the same time period in 2022. Current inventory represents 9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $840,501, a 17% increase vs the same time period in 2022.
•
The median sales price for the area in December 2023 increased 14% to $515,000 vs December 2022.
*Source of this market data: Southwest Florida MLS © 2024. 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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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 December 31st, 2023 for the luxury market from Port Royal to Bonita Beach Road Area decreased 20% yearover-year (336 vs 419).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31st, 2023, a total of 798 new listings were added to the market, an increase of 2% compared to the same time period 12 months ending December 31st, 2022.
•
Available inventory as of December 31st, 2023 consisted of 416 units, a 29% increase vs the same time period in 2022 (416 vs 322). Current inventory represents 22 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $4,324,940 a decrease of 16% vs the same time period in 2022.
•
The median sales price for the area in December 2023 decreased 10% to $2,935,000 vs December 2022.
*Source of this market data: Southwest Florida MLS © 2024. 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 December 31st, 2023 for the luxury market from Port Royal to Bonita Beach Road Area increased 10% yearover-year (638 vs 578).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31st, 2023, a total of 1,099 new listings were added to the market, an increase of 52% vs the same time period 12 months ending December 31st, 2022.
•
Available inventory as of December 31st, 2023 consisted of 462 units, a 91% increase vs the same time period in 2022 (462 vs 242). Current inventory represents 14 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,433,363, decreasing 6% vs the same time period in 2022.
•
The median sales price for the area in December 2023 increased 8% to $2,270,000 vs December 2022.
*Source of this market data: Southwest Florida MLS © 2024. 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
$1,150,625
$1,151,425
$995,967
$686,812
$771,649 10,395
10,182
10,115
10,028
8,716
9,967
9,231 7,199
6,834
2019
2020
2021
6,347
2022
2023
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$840,501 $715,891 $565,309 $493,615 $431,057 8,842
8,387
8,005 5,423
2019
7,787 6,194
2020
2021
6,804
7,076 5,517
2022
4,780
2023
*Source of this market data: Southwest Florida MLS © 2024. 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
$5,168,714
$4,855,192
$4,324,940 $3,785,698
$3,686,948
631
798
786
703
658
643 539
419
373
2019
2020
2021
336
2022
2023
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$2,579,286 $2,076,565
$2,129,631
$2,300,837
$2,433,363
1,099 796
791
732
623
723
638
578
563 367
2019
2020
2021
2022
2023
*Source of this market data: Southwest Florida MLS © 2024. 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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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
32
60%
13
-19%
13.1
118%
$9,788,269
6%
Bonita Bay
27
170%
52
27%
4.2
250%
$2,142,995
-1%
Collier’s Reserve
4
-20%
13
8%
1.5
7%
$2,809,385
17%
Grey Oaks
20
100%
38
-7%
4.6
77%
$4,529,447
-2%
Isles of Collier Preserve
26
24%
51
46%
6.4
113%
$2,070,418
-12%
Kensington
2
-33%
16
7%
0.9
-10%
$1,681,344
26%
Lely Resort
33
32%
85
-17%
2.6
4%
$1,379,253
4%
Mediterra
23
53%
34
-19%
4.7
81%
$3,801,226
7%
Monterey
6
100%
13
-24%
2.4
71%
$1,664,808
27%
Naples Park
121
34%
107
-45%
9.9
200%
$1,050,985
2%
Naples Reserve
18
-10%
57
6%
4.3
87%
$1,307,465
1%
Olde Naples
49
53%
41
-20%
8.9
98%
$7,309,366
-7%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
64
28%
76
-14%
8.5
52%
$4,018,382
7%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
23
-40%
29
16%
11.1
32%
$5,489,745
-19%
Pelican Bay
29
81%
31
-6%
7.7
267%
$3,733,023
-24%
Pelican Landing
19
280%
39
-11%
3.0
131%
$1,452,756
2%
Pelican Marsh
7
-36%
36
-3%
3.4
127%
$2,281,292
14%
Pine Ridge
23
64%
19
-32%
7.4
28%
$6,532,565
15%
Port Royal
33
94%
13
-41%
13.4
174%
$16,615,385
-16%
Quail Creek
10
11%
18
-36%
3.5
30%
$2,487,711
14%
Quail West
14
8%
31
-16%
5.9
157%
$4,782,519
21%
Royal Harbor
23
44%
15
-40%
9.2
84%
$4,300,269
-20%
The Colony At Pelican Landing
2
0%
10
67%
1.1
267%
$2,446,500
-2%
Tiburon
3
0%
9
29%
4.1
273%
$3,935,000
47%
Vanderbilt Beach
33
14%
11
-52%
16.6
226%
$3,581,818
-10%
Vineyards
18
64%
61
13%
2.0
5%
$1,293,197
2%
Neighborhood
*Source of this market data: Southwest Florida MLS © 2024. 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
68
143%
131
4%
4.7
292%
$1,894,518
48%
Grey Oaks
4
300%
6
-60%
1.2
140%
$2,231,500
21%
Isles of Collier Preserve
21
110%
49
23%
4.2
163%
$903,524
-3%
Kensington
2
0%
19
36%
1.3
44%
$822,079
9%
Lely Resort
45
45%
134
-14%
3.2
167%
$577,540
5%
Mediterra
8
60%
10
-50%
3.4
127%
$1,587,500
19%
Olde Naples
63
40%
101
-16%
5.6
124%
$1,678,374
4%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
57
128%
68
-27%
7.6
300%
$713,926
11%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
167
193%
197
-18%
7.3
329%
$2,433,164
4%
Pelican Bay
135
125%
248
-1%
4.3
231%
$1,865,711
-3%
Pelican Landing
10
25%
60
18%
2.0
150%
$591,650
8%
Pelican Marsh
11
57%
58
4%
1.7
70%
$812,871
0%
The Dunes of Naples
23
92%
20
-29%
7.1
294%
$1,876,000
-7%
Tiburon
4
33%
28
4%
2.6
86%
$1,517,643
18%
Vanderbilt Beach
66
230%
52
-37%
11.0
511%
$1,370,003
-8%
Vineyards
21
91%
76
-29%
2.4
85%
$708,069
14%
*Source of this market data: Southwest Florida MLS © 2024. 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
Neighborhood
Single-Family
Condominium
54 holes 90 holes PRICE RANGE
Golf Course
AQUALANE SHORES City of Naples
Dominant price less than $1M
$
Dominant price $1M to $2M
$$
Dominant price over $2M
$$$
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
$$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
*Source of this market data: Southwest Florida MLS © 2024. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Neighborhood
Single-Family
Condominium
Golf Course
Boating*
Clubhouse
Tennis
Gated** Price Range
NAPLES PARK North Naples
$$
NAPLES RESERVE South Naples
$
OLD NAPLES City of Naples
$$$
PARK SHORE City of Naples
$$$
PELICAN BAY North Naples
27
$$$
PELICAN LANDING Bonita Springs
36
$
PELICAN MARSH North Naples
18
$$
PINE RIDGE North Naples
$$$
PORT ROYAL City of Naples
$$$
QUAIL CREEK North Naples
36
$$$
QUAIL WEST North Naples
36
$$$
ROYAL HARBOR City of Naples THE COLONY AT PELICAN LANDING Bonita Springs
$$$ 18
THE DUNES OF NAPLES North Naples TIBURON GOLF CLUB North Naples
$$$ 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 © 2024. 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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