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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