NAPLES
SPRINGS APRIL 2024
PROPERTIES MARKET REPORT
BONITA
LUXURY
NAPLES & BONITA SPRINGS
Single-Family Properties
CLOSED SALES
• The number of closed sales in the 12 months ending April 30th, 2024 for the Naples and Bonita Springs Area decreased 7% year-over-year (6,216 vs 6,662).
• There were 81 closed sales priced above two million in April 2024 compared to 60 in April 2023; a 35% increase. During the 12 months ending April 30th, 2024, sales in this category decreased 6% over the same time period in 2023 (717 vs 759 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending April 30th, 2024, a total of 9,932 new listings were added to the market, this is a 4% increase vs the same time period 12 months ending April 30th, 2023.
• Available inventory as of April 30th, 2024 consisted of 4,325 units, an increase of 33% vs the same time period in 2023. 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 $1,186,122, a 3% increase vs the same time period in 2023.
• The median sales price for the area in April 2024 increased 3% to $747,700 vs April 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.
NAPLES & BONITA SPRINGS
Condominiums
CLOSED SALES
• The number of closed sales in the 12 months ending April 30th, 2024 for the Naples and Bonita Springs Area decreased 10% year-over-year (4,620 vs 5,123).
• There were 130 closed sales priced above two million in April 2024 compared to 50 in April 2023; a 160% increase. During the 12 months ending April 30th, 2024, sales in this category increased 9% over the same time period in 2023 (468 vs 429 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending April 30th, 2024, a total of 7,750 new listings were added to the market, a 17% increase vs the same time period 12 months ending April, 2023.
• Available inventory as of April 30th, 2024 consisted of 3,765 units, an increase of 55% vs the same time period in 2023. Current inventory represents 10 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $821,357, a 2% increase vs the same time period in 2023.
• The median sales price for the area in April 2024 increased 14% to $594,500 vs April 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.
Luxury Broker in the World
by Luxury Portfolio International | 2018
William Raveis is honored to be recognized as the #1 Luxury Broker in the World by Luxury Portfolio International in 2018
550
| 4,300
1
| 135,000
OFFICES
ASSOCIATES
COMPANIES
WINNER
PORT ROYAL to BONITA BEACH ROAD AREA
Single-Family Properties
LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES
• The number of closed sales in the 12 months ending April 30th, 2024 for the luxury market from Port Royal to Bonita Beach Road Area decreased 17% year-over-year (331 vs 397).
NEW LISTINGS / INVENTORY
• During the 12 months ending April 30th, 2024, a total of 777 new listings were added to the market, a decrease of 9% compared to the same time period 12 months ending April 30th, 2023.
• Available inventory as of April 30th, 2024 consisted of 538 units, a 14% increase vs the same time period in 2023 (538 vs 471). Current inventory represents 20 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $4,503,915 a decrease of 5% vs the same time period in 2023.
• The median sales price for the area in April 2024 decreased 3% to $2,775,000 vs April 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.
PORT ROYAL to BONITA BEACH ROAD AREA
Condominiums
LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES
• The number of closed sales in the 12 months ending April 30th, 2024 for the luxury market from Port Royal to Bonita Beach Road Area decreased 7% year-over-year (605 vs 651).
NEW LISTINGS / INVENTORY
• During the 12 months ending April 30th, 2024, a total of 1,128 new listings were added to the market, an increase of 26% vs the same time period 12 months ending April 30th, 2023.
• Available inventory as of April 30th, 2024 consisted of 644 units, a 60% increase vs the same time period in 2023 (644 vs 403). 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 $2,548,800, increasing 0.3% vs the same time period in 2023.
• The median sales price for the area in April 2024 increased 33% to $2,477,500 vs April 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.
NAPLES & BONITA SPRINGS
MARKET TRENDS
Single-Family Properties
YEAR-OVER-YEAR MARKET TRENDS
Condominium Properties
*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.
YEAR-OVER-YEAR
Average Sales Price New Listings Closed Units
Average Sales Price New Listings Closed Units 9,758 10,767 10,028 9,592 9,932 7,136 10,112 9,049 6,662 6,216 $676,128 $867,107 $1,046,762 $1,156,451 $1,186,122 2020 2021 2022 2023 2024 7,408 9,029 7,458 6,644 7,750 5,447 8,071 7,332 5,123 4,620 $438,032 $511,787 $631,340 $802,309 $821,357 2020 2021 2022 2023 2024
PORT ROYAL to BONITA BEACH ROAD AREA
Average Sales Price New Listings Closed Units Average Sales Price New Listings Closed Units *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.
YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties YEAR-OVER-YEAR MARKET TRENDS Condominium Properties 612 755 631 856 777 371 698 513 397 331 $3,613,678 $4,092,998 $5,382,366 $4,754,598 $4,503,915 2020 2021 2022 2023 2024 591 900 744 897 1,128 376 763 704 651 605 $2,104,792 $2,148,824 $2,430,589 $2,540,618 $2,548,800 2020 2021 2022 2023 2024
In U.S. Home Sales
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136,000 ASSOCIATES | 550 COMPANIES | 70 COUNTRIES
COMMUNITY SNAPSHOT REPORT
Single-Family Properties
12 MONTHS ENDING APRIL, 2024
*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 Inventory Closed Sales Average Sales Price Months Of Supply % Change % Change % Change % Change
Aqualane Shores 30 50% 14 8% 25.7 39% $11,499,821 45% Bonita Bay 31 210% 67 56% 5.6 99% $1,941,168 -1% Collier’s Reserve 4 33% 12 -14% 4.0 56% $2,943,615 22% Fiddler's Creek 34 42% 75 7% 5.4 32% $1,645,557 4% Grey Oaks 20 67% 41 8% 5.9 55% $4,623,780 11% Isles of Collier Preserve 43 43% 100 47% 5.2 -3% $1,608,934 -8% Kensington 3 50% 11 -42% 3.3 159% $1,638,364 7% Lely Resort 30 11% 101 -9% 3.6 22% $1,197,215 -10% Marco Island 257 21% 344 34% 9.0 24% $2,158,270 2% Mediterra 19 36% 31 -16% 7.4 62% $3,830,473 1% Monterey 7 40% 13 -35% 6.5 115% $1,481,154 12% Naples Park 125 37% 111 -21% 13.5 73% $1,109,294 3% Naples Reserve 29 38% 51 -23% 6.8 79% $1,196,520 -2% Olde Naples 52 63% 32 -39% 19.5 164% $6,973,125 -11% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 95 11% 107 -14% 10.7 28% $4,669,251 26% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 25 -11% 28 -3% 10.7 -8% $7,413,843 72% Pelican Bay 32 100% 41 0% 9.4 100% $3,456,355 -4% Pelican Landing 20 186% 50 -6% 4.8 203% $1,313,648 0% Pelican Marsh 11 38% 38 9% 3.5 27% $2,079,868 14% Pine Ridge 25 25% 16 -36% 18.8 95% $6,236,750 12% Port Royal 34 62% 15 -21% 27.2 62% $15,053,333 -22% Quail Creek 11 38% 16 -27% 8.3 89% $2,554,688 13% Quail West 18 29% 33 3% 6.6 25% $4,875,813 13% Royal Harbor 23 53% 12 -43% 23.0 168% $5,574,542 28% The Colony At Pelican Landing 2 100% 8 167% 3.0 -25% $2,919,375 -23% Tiburon 4 100% 11 22% 4.4 64% $4,191,364 35% Vanderbilt Beach 33 44% 15 32% 26.4 110% $4,039,667 -1% Vineyards 18 29% 48 -36% 4.5 101% $1,219,094 -3%
*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
Condominiums Neighborhood Inventory Closed Sales Average Sales Price Months Of Supply % Change % Change % Change % Change 12 MONTHS ENDING APRIL, 2024 Bonita Bay 64 156% 118 0% 6.5 156% $1,464,576 -25% Fiddler's Creek 40 82% 67 8% 7.2 68% $701,636 3% Grey Oaks 4 300% 6 -57% 8.0 833% $2,406,500 16% Isles of Collier Preserve 6 100% 12 -8% 6.0 117% $793,452 5% Kensington 3 50% 14 -22% 2.6 93% $895,214 9% Lely Resort 47 68% 114 3% 5.0 63% $574,045 2% Marco Island 371 66% 373 0% 12.0 121% $1,071,507 18% Mediterra 7 75% 11 -21% 7.6 123% $1,581,364 0% Olde Naples 66 94% 84 -21% 9.4 145% $1,806,463 2% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 222 139% 261 -2% 10.2 142% $2,121,360 10% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 165 146% 193 -4% 10.3 157% $2,657,097 15% Pelican Bay 122 122% 231 2% 6.3 118% $1,928,074 2% Pelican Landing 12 100% 40 -18% 3.6 145% $598,569 5% Pelican Marsh 15 88% 50 -11% 3.6 110% $817,762 0% The Dunes of Naples 21 110% 28 33% 9.0 58% $1,828,696 -11% Tiburon 9 50% 24 4% 4.5 44% $1,526,500 2% Vanderbilt Beach 62 139% 61 22% 12.2 96% $1,270,979 -15% Vineyards 23 44% 75 -14% 3.7 67% $705,324 7%
SNAPSHOT REPORT
SOUTHWEST FLORIDA COMMUNITY GUIDE
- City of Naples
- North Naples (North of Pine Ridge Road)
- South Naples (South of Pine Ridge Road)
- Bonita Springs
AQUALANE SHORES
City of Naples
BONITA BAY
Bonita Springs
COLLIER’S RESERVE
North Naples
GREY OAKS
South Naples & City of Naples
ISLE OF COLLIER
PRESERVE
South Naples
KENSINGTON
South Naples
LELY RESORT
South Naples
MEDITERRA
North Naples
MONTEREY
North Naples
MOORINGS
COQUINA SANDS
City of Naples
&
GOLF COURSE KEY PRICE RANGE 18 holes 27 holes 36 holes 54 holes 90 holes Dominant price less than $1M Dominant price $1M to $2M Dominant price over $2M $ $$ $$$ $$ $$ 18 $ 54 $$$ 36 $$ $$$ 18 $$$ 54 $$$ 18 $$ 90 $$$ *Source of this market data: Southwest Florida MLS © 2024. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified. Neighborhood Golf Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium *Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
NAPLES PARK
North Naples
NAPLES RESERVE
South Naples
OLD NAPLES
City of Naples
PARK SHORE
City of Naples
PELICAN BAY
North Naples
PELICAN LANDING
Bonita Springs
PELICAN MARSH
North Naples
PINE RIDGE
North Naples
PORT ROYAL
City of Naples
QUAIL CREEK
North Naples
QUAIL WEST
North Naples
ROYAL HARBOR
City of Naples
THE COLONY AT PELICAN LANDING
Bonita Springs
THE DUNES OF NAPLES
North Naples
TIBURON GOLF CLUB
North Naples
North Naples
Neighborhood Golf Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium
VANDERBILT BEACH AREA
North Naples $$ $$$ $$$ $$$ $ $$$ $$ $$$ $$$ $$$ $$ $$ $ $ 36 $$$ 27 $$$ $$$ 36 18 36 36 36 18 *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. *Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
VINEYARDS
WINNER
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