NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT JANUARY 2024
NAPLES & BONITA SPRI NG S Single-Family Properties
CLOSED SALES •
The number of closed sales in the 12 months ending January 31st, 2024 for the Naples and Bonita Springs Area decreased 10% year-over-year (6,306 vs 7,029).
•
There were 39 closed sales priced above two million in January 2024 compared to 55 in January 2023; a 29% decrease. During the 12 months ending January 31st, 2024, sales in this category decreased 13% over the same time period in 2023 (699 vs 802 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31st, 2024, a total of 9,471 new listings were added to the market, this is a 6% decrease vs the same time period 12 months ending January 31st, 2023.
•
Available inventory as of January 31st, 2024 consisted of 3,806 units, an increase of 224% vs the same time period in 2023. Current inventory represents 12 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $1,148,558, a 2% decrease vs the same time period in 2023.
•
The median sales price for the area in January 2024 increased 3% to $692,500 vs January 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 SPRI NG S Condominiums
CLOSED SALES •
The number of closed sales in the 12 months ending January 31st, 2024 for the Naples and Bonita Springs Area decreased 15% year-over-year (4,646 vs 5,459).
•
There were 22 closed sales priced above two million in January 2024 compared to 110 in January 2023; an 80% decrease. During the 12 months ending January 31st, 2024, sales in this category decreased 17% over the same time period in 2023 (369 vs 444 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31st, 2024, a total of 7,317 new listings were added to the market, a 6% increase vs the same time period 12 months ending January, 2023.
•
Available inventory as of January 31st, 2024 consisted of 3,180 units, an increase of 57% vs the same time period in 2023. 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 $809,142, a 6% increase vs the same time period in 2023.
•
The median sales price for the area in January 2024 decreased 31% to $479,000 vs January 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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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 January 31st, 2024 for the luxury market from Port Royal to Bonita Beach Road Area decreased 23% year-overyear (322 vs 420).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31st, 2024, a total of 788 new listings were added to the market, a decrease of 7% compared to the same time period 12 months ending January 31st, 2023.
•
Available inventory as of January 31st, 2024 consisted of 485 units, a 24% increase vs the same time period in 2023 (485 vs 392). Current inventory represents 35 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $4,250,549 a decrease of 17% vs the same time period in 2023.
•
The median sales price for the area in January 2024 decreased 3% to $5,250,000 vs January 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 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 January 31st, 2024 for the luxury market from Port Royal to Bonita Beach Road Area decreased 17% year-over-year (542 vs 650).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31st, 2024, a total of 1,052 new listings were added to the market, an increase of 25% vs the same time period 12 months ending January 31st, 2023.
•
Available inventory as of January 31st, 2024 consisted of 567 units, an 87% increase vs the same time period in 2023 (567 vs 304). Current inventory represents 19 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,458,941, decreasing 5% vs the same time period in 2023.
•
The median sales price for the area in January 2024 decreased 5% to $2,087,500 vs January 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 SPRI NG S YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price
New Listings
Closed Units
$1,168,639
$1,148,558
$1,008,034 $788,624 $688,338 10,168
10,159
8,961
9,925
9,872
10,071
9,471 7,029
6,896
2020
2021
2022
6,306
2023
2024
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$764,722
$809,142
$582,004 $435,376
$490,791 8,666
8,267
7,864 5,504
2020
6,449
2021
7,619
7,317
6,882 5,459
2022
2023
4,646
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.
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
$5,121,038
$5,039,846
$4,250,549 $3,604,374
$3,722,722 849 687
628
571
788
633
621
420
387
322
2020
2021
2022
2023
2024
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$2,581,962 $2,341,396 $2,029,729
$2,458,941
$2,070,729
1,052 785
796
731
637
843 650
589
542
399
2020
2021
2022
2023
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.
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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
37
54%
10
-47%
14.4
118%
$9,769,750
5%
Bonita Bay
34
162%
53
36%
4.7
236%
$2,055,958
-9%
Collier’s Reserve
5
0%
15
36%
1.4
-18%
$2,754,800
11%
Grey Oaks
23
109%
38
0%
4.9
75%
$4,545,237
-1%
Isles of Collier Preserve
31
11%
57
90%
6.1
61%
$2,037,550
-16%
Kensington
2
0%
19
36%
0.9
-10%
$1,667,711
22%
Lely Resort
28
27%
87
-13%
2.8
8%
$1,386,626
2%
Mediterra
29
61%
33
-21%
5.1
70%
$3,804,684
6%
Monterey
8
167%
12
-33%
2.6
73%
$1,653,542
24%
Naples Park
129
25%
107
-42%
10.6
187%
$1,056,672
0%
Naples Reserve
29
16%
55
10%
4.3
59%
$1,307,282
-1%
Olde Naples
55
34%
35
-34%
9.6
92%
$7,565,429
-4%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
69
11%
74
-15%
8.9
46%
$3,973,270
5%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
25
-39%
27
-4%
10.7
16%
$6,049,170
-7%
Pelican Bay
37
118%
30
-3%
8.3
232%
$3,749,124
-21%
Pelican Landing
27
575%
41
3%
3.6
157%
$1,451,156
5%
Pelican Marsh
7
-30%
40
11%
3.4
100%
$2,234,538
10%
Pine Ridge
26
44%
20
-31%
7.7
26%
$6,305,937
13%
Port Royal
39
35%
10
-57%
14.1
152%
$17,020,000
-8%
Quail Creek
13
86%
20
-23%
4.1
41%
$2,522,190
15%
Quail West
19
6%
30
-14%
6.1
126%
$4,812,394
18%
Royal Harbor
29
81%
14
-42%
10.7
98%
$4,021,717
-29%
The Colony At Pelican Landing
2
0%
8
14%
1.2
300%
$2,208,125
-20%
Tiburon
3
0%
9
50%
4.1
215%
$3,935,000
42%
Vanderbilt Beach
37
12%
13
-46%
18.2
209%
$4,392,308
12%
Vineyards
22
214%
57
2%
2.3
15%
$1,276,096
-1%
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
87
156%
123
-5%
5.2
271%
$1,711,032
10%
Grey Oaks
5
400%
6
-57%
1.5
150%
$2,328,833
20%
Isles of Collier Preserve
27
108%
50
22%
4.5
137%
$889,077
-6%
Kensington
2
-33%
19
46%
1.2
9%
$851,026
9%
Lely Resort
57
73%
129
-18%
3.5
150%
$574,395
4%
Mediterra
9
80%
9
-57%
3.8
124%
$1,526,111
7%
Olde Naples
75
79%
102
-10%
6.2
121%
$1,685,825
3%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
77
148%
72
-18%
8.7
296%
$700,583
11%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
205
173%
215
0%
7.9
295%
$2,430,403
5%
Pelican Bay
163
130%
239
2%
4.7
194%
$1,871,496
-5%
Pelican Landing
16
23%
56
8%
2.0
100%
$598,323
9%
Pelican Marsh
19
171%
57
2%
1.9
73%
$815,465
2%
The Dunes of Naples
32
100%
20
31%
8.1
268%
$1,812,000
-11%
Tiburon
7
40%
29
12%
2.6
73%
$1,525,310
14%
Vanderbilt Beach
74
222%
50
-33%
12.2
510%
$1,377,205
-11%
Vineyards
25
39%
73
-31%
2.6
86%
$709,389
10%
*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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