NAPLES BONITA SPRINGS
NAPLES & BONITA SPRINGS
Single-Family Properties
CLOSED SALES
• The number of closed sales in the 12 months ending January 31, 2023 for the Naples and Bonita Springs Area decreased 29% year-over-year (6,961 vs 9,871).
• There were 55 closed sales priced above two million in January 2023 compared to 58 in January 2022; a 5% decrease. During the 12 months ending January 31, 2022, sales in this category decreased 16% over the same time period in 2021 (802 vs 952 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending January 31, 2023, a total of 9,974 new listings were added to the market, this is a 1% increase vs the same time period 12 months ending January 31, 2022.
• Available inventory as of January 31, 2023 consisted of 3,017 units, an increase of 40% 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 $1,177,191, a 17% increase vs the same time period in 2022
•The median sales price for the area in January 2023 increased 6% to $697,000 vs January 2022
*Source of this market data: Southwest Florida MLS © 2023. 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 January 31, 2023 for the Naples and Bonita Springs Area decreased 37% year-over-year (5,433 vs 8,666).
• There were 104 closed sales priced above two million in January 2023 compared to 26 in January 2022, a 300% increase. During the 12 months ending January 31, 2023, sales in this category increased 22% over the same time period in 2021 (438 vs 359 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending January 31, 2023, a total of 6,811 new listings were added to the market, an 11% decrease vs the same time period 12 months ending January 31, 2022.
• Available inventory as of January 31, 2023 consisted of 1,922 units, an increase of 28% vs the same time period in 2022. 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 $764,488, a 31% increase vs the same time period in 2022
•The median sales price for the area in January 2023 increased 72% to $705,720 vs January 2022.
*Source of this market data: Southwest Florida MLS © 2023. 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 COMPANIES | 4,300 OFFICES
135,000 ASSOCIATES 1 WINNER
|
PORT ROYAL to BONITA BEACH ROAD AREA
Single-Family Properties
• The number of closed sales in the 12 months ending January 31, 2023 for the luxury market from Port Royal to Bonita Beach Road Area decreased 33% year-over-year (426 vs 636).
NEW LISTINGS / INVENTORY
• During the 12 months ending January 31, 2023, a total of 848 new listings were added to the market, an increase of 36% compared to the same time period 12 months ending January 31, 2022.
• Available inventory as of January 31, 2023 consisted of 382 units, a 90% increase vs the same time period in 2022 (382 vs 201). Current inventory represents 11 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
•The year-over-year average sales price for the area was $5,093,129 an increase of 1% vs the same time period in 2022
•The median sales price for the area in January 2023 increased 26% to $5,400,000 vs January 2022.
CLOSED SALES LUXURY MARKET $1M+ (WEST OF 41)*Source of this market data: Southwest Florida MLS © 2023. 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)
SALES
• The number of closed sales in the 12 months ending January 31, 2023 for the luxury market from Port Royal to Bonita Beach Road Area decreased 18% year-over-year (654 vs 799).
NEW LISTINGS / INVENTORY
• During the 12 months ending January 31, 2023, a total of 837 new listings were added to the market, an increase of 13% vs the same time period 12 months ending January 31, 2022.
• Available inventory as of January 31, 2023 consisted of 287 units, a 35% increase vs the same time period in 2022 (287 vs 212). Current inventory represents 2 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
•The year-over-year average sales price for the area was $2,584,490, increasing 113% vs the same time period in 2022.
•The median sales price for the area in January 2023 increased 29% to $2,192,500 vs January 2022.
CLOSED*Source of this market data: Southwest Florida MLS © 2023. 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
*Source of this market data: Southwest Florida MLS © 2023. 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 Average Sales Price New Listings Closed Units
Condominium Properties Average Sales Price New Listings Closed Units 10,441 10,159 10,168 9,924 9,974 6,310 6,896 8,960 9,871 6,961 $709,593 $688,338 $788,666 $1,008,211 $1,177,191 2019 2020 2021 2022 2023 8,511 7,864 8,267 7,618 6,811 5,154 5,504 6,449 8,666 5,433 $426,429 $435,376 $490,791 $582,004 $764,488 2019 2020 2021 2022 2023
YEAR-OVER-YEAR MARKET TRENDS
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 © 2023. 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 658 618 682 622 848 367 376 557 636 426 $3,750,512 $3,718,727 $3,791,116 $5,026,997 $5,093,129 2019 2020 2021 2022 2023 637 620 772 743 837 357 377 575 799 654 $1,995,716 $2,093,921 $2,103,299 $2,330,099 $2,584,490 2019 2020 2021 2022 2023
In U.S. Home Sales
Leading Real Estate Companies of the World is home of the world’s market-leading independent residential brokerages. An invitation-only network based on the unparalleled performance and trusted relationships that result in exceptional client experiences.
136,000 ASSOCIATES | 550 COMPANIES | 70 COUNTRIES
COMMUNITY SNAPSHOT REPORT
Single-Family Properties
*Source of this market data: Southwest Florida MLS © 2023. 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 Active Listings Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change Aqualane Shores 24 200% 19 -59% 6.5 225% $9,336,053 46% Bonita Bay 12 100% 39 -55% 1.4 27% $2,260,660 28% Collier’s Reserve 5 - 11 -21% 1.7 1600% $2,475,091 55% Grey Oaks 11 38% 38 -37% 2.8 211% $4,591,237 42% Isles of Collier Preserve 25 1150% 30 -60% 3.5 600% $2,420,747 67% Kensington 1 0% 14 -26% 0.7 75% $1,372,154 31% Lely Resort 18 157% 100 -50% 2.6 225% $1,364,311 54% Mediterra 16 220% 42 39% 2.9 164% $3,584,869 45% Monterey 3 200% 18 -47% 1.5 150% $1,190,386 34% Naples Park 100 317% 183 -30% 3.7 237% $1,056,703 58% Naples Reserve 31 244% 65 -23% 2.6 333% $1,163,642 39% Olde Naples 74 90% 165 -46% 3.4 48% $3,616,554 53% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 61 126% 87 -37% 6.0 173% $3,799,819 26% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 37 147% 28 -22% 8.2 156% $6,472,500 38% Pelican Bay 16 167% 31 -60% 2.5 79% $4,733,677 16% Pelican Landing 2 0% 40 -45% 1.3 160% $1,385,506 36% Pelican Marsh 9 800% 36 -55% 1.7 143% $2,033,264 20% Pine Ridge 17 113% 29 -17% 6.0 216% $5,579,586 60% Port Royal 21 163% 23 -57% 4.9 172% $18,522,829 42% Quail Creek 6 200% 26 -19% 2.8 115% $2,203,000 37% Quail West 18 100% 35 -48% 2.7 146% $4,092,579 36% Royal Harbor 16 167% 24 -39% 5.0 163% $5,621,333 67% The Colony At Pelican Landing 2 100% 7 -56% 0.3 -57% $2,767,143 71% Tiburon 2 - 6 -63% 1.2 140% $2,763,000 6% Vanderbilt Beach 31 288% 24 -37% 5.7 235% $3,940,858 28% Vineyards 7 0% 56 -29% 2.0 82% $1,282,621 41%
*Source of this market data: Southwest Florida MLS © 2023. 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 Active Listings Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change Bonita Bay 32 100% 130 -31% 1.4 800% $1,550,048 50% Grey Oaks 0 - 14 -22% 0.5 0% $1,944,286 58% Isles of Collier Preserve 12 1100% 41 -20% 1.7 183% $950,360 43% Kensington 2 100% 13 -59% 1.0 43% $779,577 52% Lely Resort 31 139% 157 -43% 1.4 40% $554,986 51% Mediterra 5 - 21 -34% 1.7 325% $1,426,381 110% Olde Naples 35 67% 113 -45% 2.6 8% $1,636,820 40% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 24 200% 88 -38% 2.1 91% $631,002 1% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 65 210% 215 -52% 1.9 58% $2,316,727 28% Pelican Bay 61 165% 235 -51% 1.5 67% $1,962,160 32% Pelican Landing 11 175% 52 -44% 1.0 150% $551,192 31% Pelican Marsh 6 -14% 56 -50% 1.1 120% $803,357 57% The Dunes of Naples 16 167% 29 -47% 2.2 100% $2,025,682 57% Tiburon 5 400% 26 -54% 1.5 400% $1,337,135 44% Vanderbilt Beach 21 40% 75 -60% 2.0 33% $1,538,326 23% Vineyards 17 240% 104 -40% 1.4 75% $643,588 41%
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
18 holes
27 holes
36 holes
54 holes 90 holes
Dominant price less than $500K
Dominant price $500K to $1M
Neighborhood Golf Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium
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
$$$
$ $$ $$$ $$ $$
$
$$$
MONTEREY North Naples
& COQUINA SANDS City of Naples
MEDITERRA North Naples
MOORINGS
GOLF COURSE KEY
PRICE RANGE
18
54
36
18
54
18
90
Dominant price over $1M *Source of this market data: Southwest Florida MLS © 2023. 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.
$$ $$$
$$$
$$$
$$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
Neighborhood Golf Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium NAPLES PARK North Naples NAPLES RESERVE South Naples OLD NAPLES City of Naples PARK SHORE City of Naples PELICAN BAY North Naples PELICAN LANDING Bonita Springs PELICAN MARSH North Naples PINE RIDGE North Naples PORT ROYAL City of Naples QUAIL CREEK North Naples QUAIL WEST North Naples ROYAL HARBOR City of Naples THE COLONY AT PELICAN LANDING Bonita Springs THE DUNES OF NAPLES North Naples TIBURON GOLF CLUB North Naples VANDERBILT BEACH AREA North Naples VINEYARDS North Naples $$$ $$$ $$$ $$$ $ $$$ $$$ $$$ $$$ $$$ $$ $$ $$ $ 54 $$$ 27 $$$ $$$ 18 18 36 36 36 54 *Source of this market data: Southwest Florida MLS © 2023. 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.
NY RI CT MA VT NH ME #1 Independent Luxury Broker, in Florida and the Northeast1 #1 Luxury Broker by Luxury Portfolio International | 2018 #1 Luxury Lifestyle Award Winner | 20222 #1 Overall Winner of HGTV’s 2022 Ultimate House Hunt #1 Average Sales Price in Naples, FL3 #1 Market Share in Port Royal and Grey Oaks4 Number One Luxury Broker
1/1/2022
12/13/2022. 4.
REALTORS®
1/1/2022 - 1/1/2023. Non-MLS
not included in these tabulations. FL
1. William Raveis is the largest independent brokerage by total sales volume ($21.5 billion) according to RISMedia, 2021. 2. Winner of Best Luxury Real Estate Agency Award in FL, CT & MA in 2022 by Luxury Lifestyle Awards. 3. William Raveis has the highest average sales price per property of the five largest brokerages in the Naples Area according to the Naples Area Board of REALTORS® for the time period
-
According to the Naples Area Board of
for
the
time period
listings are
