William Raveis Real Estate Luxury Market Report July 2022

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NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT JULY 2022


NAPLES & BONITA SPRI NG S Single-Family Properties

CLOSED SALES •

The number of closed sales in the 12 months ending July 31, 2022 for the Naples and Bonita Springs Area decreased 25% year-over-year (8,129 vs 10,909).

There were 43 closed sales priced above two million in July 2022 compared to 71 in July 2021, a 39% decrease. During the 12 months ending July 31, 2022, sales in this category decreased 21% over the same time period in 2021 (815 vs 1,031 units).

NEW LISTINGS / INVENTORY •

During the 12 months ending July 31, 2022, a total of 10,014 new listings were added to the market, this is an 8% decrease vs the same time period 12 months ending July 30, 2021.

Available inventory as of July 31, 2022 consisted of 2,671 units, an increase of 16% vs the same time period in 2021. Current inventory represents 6 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $1,094,386, a 17% increase vs the same time period in 2021.

The median sales price for the area in July 2022 increased 20% to $670,000 vs July 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 July 31, 2022 for the Naples and Bonita Springs Area decreased 31% year-over-year (6,460 vs 9,359).

There were 10 closed sales priced above two million in July 2022 compared to 28 in July 2021, a 64% decrease. During the 12 months ending July 31, 2022, sales in this category decreased 5% vs the same time period in 2021 (373 vs 393 units).

NEW LISTINGS / INVENTORY •

During the 12 months ending July 31, 2022, a total of 7,296 new listings were added to the market, an 18% decrease vs the same time period 12 months ending July 30, 2021.

Available inventory as of July 31, 2022 consisted of 1,654 units, an increase of 15% vs the same time period in 2021. 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 $673,952, a 24% increase vs the same time period in 2021.

The median sales price for the area in July 2022 increased 19% to $409,000 vs July 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 July 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 40% year-over-year (457 vs 759).

NEW LISTINGS / INVENTORY •

During the 12 months ending July 31, 2022, a total of 667 new listings were added to the market, a decrease of 9% compared to the same time period 12 months ending July 30, 2021.

Available inventory as of July 31, 2022 consisted of 249 units, a 32% increase vs the same time period in 2021 (249 vs 189). 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 $5,360,184 an increase of 24% vs the same time period in 2021.

The median sales price for the area in July 2022 increased 31% to $4,700,000 vs July 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 July 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 26% year-over-year (665 vs 901).

NEW LISTINGS / INVENTORY •

During the 12 months ending July 31, 2022, a total of 747 new listings were added to the market, a decrease of 12% vs the same time period 12 months ending July 30, 2021.

Available inventory as of July 31, 2022 consisted of 199 units, a 19% increase vs the same time period in 2021 (199 vs 167). 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 $2,555,054, increasing 17% vs the same time period in 2021.

The median sales price for the area in July 2022 increased 72% to $3,100,000 vs July 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

$1,094,386 $937,145 $700,782

$688,553

$682,040

10,321

9,664

2018

2019

10,014 8,129

7,121

6,499

6,041

10,909

10,878

10,085

2020

2021

2022

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

New Listings

Closed Units

$673,952 $543,652 $435,013

$436,365

8,224

8,028 4,992

2018

$433,296 8,852

7,898 5,229

2019

9,359 7,296

6,460

5,102

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

$5,360,184 $4,308,325 $3,775,421 $3,354,915

2018

667 457

373

370

352

759

733

656

649

608

$3,600,013

2019

2020

2021

2022

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

New Listings

Closed Units

$2,555,054

$1,951,913

$2,109,208

$2,046,542

$2,189,700

901

850 639 426

2018

747

678

630 362

2019

655

337 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

18

80%

18

-71%

3.5

-34%

$8,665,278

46%

Bonita Bay

5

-38%

46

-55%

1.2

-71%

$2,065,832

26%

Collier’s Reserve

1

0%

9

-59%

0.6

-65%

$2,100,111

37%

Grey Oaks

10

100%

40

-55%

1.7

-54%

$4,601,825

62%

Isles of Collier Preserve

8

-20%

44

-49%

1.3

-55%

$2,047,295

66%

Kensington

2

-33%

16

-11%

1.1

-56%

$1,163,813

28%

Lely Resort

26

53%

101

-58%

1.5

-67%

$1,215,339

56%

Mediterra

11

-8%

48

-48%

1.7

-67%

$3,103,796

37%

Monterey

6

20%

17

-55%

1.4

-67%

$1,212,359

28%

Naples Park

73

55%

249

-6%

2.4

-11%

$894,785

55%

Naples Reserve

10

25%

71

-55%

1.3

-38%

$1,149,905

56%

Olde Naples

17

-32%

57

-54%

3.3

-37%

$7,248,377

63%

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

40

43%

79

-59%

3.5

-29%

$3,984,055

50%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

21

110%

35

-15%

5.0

32%

$6,498,429

51%

Pelican Bay

5

-64%

45

-50%

1.6

-64%

$4,364,656

17%

Pelican Landing

3

50%

41

-58%

1.1

-73%

$1,372,025

57%

Pelican Marsh

6

0%

39

-60%

0.8

-79%

$2,268,526

57%

Pine Ridge

21

133%

24

-61%

4.4

-6%

$4,853,888

74%

Port Royal

12

-8%

24

-65%

3.1

-50%

$19,376,167

72%

Quail Creek

7

75%

32

-16%

1.7

-51%

$2,056,969

34%

Quail West

11

0%

44

-55%

1.8

-46%

$3,772,409

50%

Royal Harbor

7

-42%

25

-60%

3.8

3%

$4,887,880

72%

The Colony At Pelican Landing

0

0%

7

-73%

0.4

-91%

$2,310,714

47%

Tiburon

1

-80%

12

-43%

1.3

-48%

$2,804,917

40%

Vanderbilt Beach

12

33%

27

-51%

2.7

-25%

$3,747,537

57%

Vineyards

12

33%

62

-36%

1.8

-31%

$1,046,964

32%

Neighborhood

*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

9

-67%

162

-15%

1.4

-71%

$1,154,284

25%

Grey Oaks

2

0%

16

-16%

0.8

-69%

$1,696,250

60%

Isles of Collier Preserve

6

0%

40

-27%

1.1

-61%

$936,680

68%

Kensington

1

0%

16

-60%

0.7

-91%

$709,000

50%

Lely Resort

21

-32%

201

-31%

1.4

-67%

$494,956

51%

Mediterra

4

0%

24

-31%

1.5

-69%

$1,079,875

79%

Olde Naples

25

-47%

95

-42%

2.3

-50%

$1,559,202

43%

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

24

26%

106

-34%

1.5

-68%

$656,812

20%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

40

-9%

289

-45%

1.6

-71%

$2,197,083

37%

Pelican Bay

34

-21%

326

-35%

131.0

-77%

$1,793,168

32%

Pelican Landing

5

150%

58

-50%

0.9

-67%

$518,447

37%

Pelican Marsh

8

-11%

73

-44%

0.8

-75%

$684,990

53%

The Dunes of Naples

4

-20%

37

-49%

1.5

-68%

$1,764,832

48%

Tiburon

5

150%

32

-52%

1.0

-78%

$1,216,016

52%

Vanderbilt Beach

19

-37%

119

-41%

1.7

-71%

$1,415,314

26%

Vineyards

20

25%

117

-35%

1.2

-66%

$573,932

39%

*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). **July or July 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). **July or July 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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