William Raveis Real Estate Luxury Market Report February 2022

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NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT FEBRUARY 2022


NAPLES & BONITA SPRI NG S Single-Family Properties

CLOSED SALES •

The number of closed sales in the 12 months ending February 28, 2022 for the Naples and Bonita Springs Area increased 4% year-over-year (9,102 vs 8,758).

There were 45 closed sales priced above two million in February 2022 compared to 68 in February 2021, a 34% decrease. During the 12 months ending February 28, 2022, sales in this category increased 31% over the same time period in 2021 (846 vs 644 units).

NEW LISTINGS / INVENTORY •

During the 12 months ending February 28, 2022, a total of 9,351 new listings were added to the market, this is a 2% decrease vs the same time period 12 months ending February 28, 2021.

Available inventory as of February 28, 2022 consisted of 2,292 units, a decrease of 27% vs the same time period in 2021. Current inventory represents 4 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $1,009,797, a 26% increase vs the same time period in 2021.

The median sales price for the area in February 2022 increased 32% to $640,000 vs February 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 February 28, 2022 for the Naples and Bonita Springs Area increased 23% year-over-year (7,817 vs 6,377).

There were 25 closed sales priced above two million in February 2022 compared to 31 in February 2021, a 19% decrease. During the 12 months ending February 28, 2022, sales in this category increased 35% vs the same time period in 2021 (350 vs 259 units).

NEW LISTINGS / INVENTORY •

During the 12 months ending February 28, 2022, a total of 7,059 new listings were added to the market, an 8% decrease vs the same time period 12 months ending February 28, 2021.

Available inventory as of February 28, 2022 consisted of 1,594 units, a decrease of 44% vs the same time period in 2021. Current inventory represents 4 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $608,706, a 20% increase vs the same time period in 2021.

The median sales price for the area in February 2022 increased 39% to $410,000 vs February 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 February 28, 2022 for the luxury market from Port Royal to Bonita Beach Road Area increased 18% year-over-year (601 vs 508).

NEW LISTINGS / INVENTORY •

During the 12 months ending February 28, 2022, a total of 621 new listings were added to the market, a decrease of 7% compared to the same time period 12 months ending February 28, 2021.

Available inventory as of February 28, 2022 consisted of 239 units, a decrease of 24% vs the same time period in 2021 (239 vs 314). 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 $5,142,553 an increase of 31% vs the same time period in 2021.

The median sales price for the area in February 2022 increased 41% to $4,995,000 vs February 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 February 28, 2022 for the luxury market from Port Royal to Bonita Beach Road Area increased 26% year-over-year (771 vs 613).

NEW LISTINGS / INVENTORY •

During the 12 months ending February 28, 2022, a total of 716 new listings were added to the market, a decrease of 9% vs the same time period 12 months ending February 28, 2021.

Available inventory as of February 28, 2022 consisted of 233 units, a 34% decrease vs the same time period in 2021 (233 vs 351). 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 $2,377,445, increasing 12% vs the same time period in 2021.

The median sales price for the area in February 2022 increased 15% to $2,166,858 vs February 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

$1,020,702 $811,532 $706,150

$665,202

$682,605

10,439

9,553

10,168

2018

2019

9,202

9,783

9,534

7,066

6,287

6,004

10,060

2020

2021

2022

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

New Listings

Closed Units

$599,541 $497,193 $445,295

$420,587

8,395

7,883 4,958

2018

$437,225

8,210

7,945 5,082

2019

5,607

2020

6,797

2021

7,463

8,267

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

$5,142,553

$3,859,772

$3,920,958

$3,610,445

$3,125,545

666

608

668

636

2018

622

601

388

354

337

580

2019

2020

2021

2022

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

New Listings

Closed Units

$2,377,445 $1,943,460

$1,999,466

$2,125,125

$2,113,772

783 628

626

625

451

2018

613 381

333 2019

771

716

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

9

-57%

44

-6%

2.1

-75%

$6,323,216

18%

Bonita Bay

4

-84%

80

14%

1.2

-80%

$1,814,286

30%

Collier’s Reserve

0

-100%

14

-30%

0.1

-98%

$1,685,786

7%

Grey Oaks

4

-84%

55

-35%

1.2

-83%

$3,366,073

31%

Isles of Collier Preserve

3

-63%

66

-7%

0.5

-64%

$2,690,500

116%

Kensington

1

-86%

18

20%

0.8

-79%

$1,066,806

31%

Lely Resort

7

-88%

176

4%

1.3

-84%

$915,765

32%

Mediterra

1

-96%

68

2%

1.3

-86%

$2,515,357

22%

Monterey

0

-100%

32

68%

1.2

-75%

$1,050,950

30%

Naples Park

28

-22%

255

14%

1.8

-60%

$685,794

34%

Naples Reserve

5

-82%

112

-22%

1.0

-77%

$926,240

54%

Olde Naples

18

-54%

93

-7%

2.5

-70%

$5,145,978

25%

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

34

-48%

134

-11%

2.5

-70%

$3,137,991

36%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

13

18%

39

18%

3.7

-37%

$5,147,436

27%

Pelican Bay

4

-81%

63

-9%

0.8

-74%

$3,968,065

26%

Pelican Landing

1

-96%

73

20%

1.0

-89%

$1,041,082

32%

Pelican Marsh

3

-82%

70

-4%

1.1

-81%

$1,823,504

58%

Pine Ridge

11

-48%

36

-33%

2.2

-75%

$3,546,959

53%

Port Royal

7

-67%

46

-18%

1.9

-84%

$13,858,217

33%

Quail Creek

6

-40%

32

23%

1.3

-75%

$1,633,031

27%

Quail West

4

-83%

64

-27%

1.6

-78%

$2,950,750

28%

Royal Harbor

5

-62%

36

-40%

2.4

-71%

$3,710,574

39%

The Colony At Pelican Landing

0

-100%

14

-22%

0.8

-91%

$1,656,786

3%

Tiburon

1

-67%

16

-11%

1.3

-68%

$2,673,641

52%

Vanderbilt Beach

8

-67%

37

-18%

2.0

-73%

$3,111,403

69%

Vineyards

4

-85%

80

3%

1.4

-74%

Neighborhood

$905,188

23%

*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

11

-81%

190

27%

1.6

-79%

$1,056,541

34%

Grey Oaks

0

-100%

17

42%

0.9

-67%

$1,265,000

24%

Isles of Collier Preserve

2

-89%

48

0%

1.0

-80%

$699,952

31%

Kensington

1

-93%

32

60%

0.5

-96%

$522,486

23%

Lely Resort

9

-88%

263

28%

1.5

-76%

$383,033

24%

Mediterra

2

-71%

30

58%

1.0

-90%

$701,117

20%

26

-67%

197

32%

2.7

-69%

$1,218,640

22%

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

8

-83%

144

40%

1.5

-81%

$623,776

35%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

30

-83%

423

7%

1.5

-83%

$1,842,175

31%

Pelican Bay

12

-91%

445

21%

1.3

-83%

$1,522,743

22%

Pelican Landing

1

-94%

83

-23%

0.7

-86%

$442,117

28%

Pelican Marsh

4

-85%

105

3%

0.9

-84%

$526,520

25%

The Dunes of Naples

4

-79%

53

8%

1.6

-82%

$1,287,885

13%

Tiburon

0

-100%

49

0%

0.9

-87%

$962,117

26%

Vanderbilt Beach

11

-76%

179

46%

1.9

-79%

$1,322,882

30%

Vineyards

5

-88%

163

25%

1.4

-73%

$471,042

26%

Olde Naples

*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 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

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). **May or may 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). **May or may 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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