NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT NOVEMBER 2021
NAPLES & BONITA SPRI NG S Single-Family Properties
CLOSED SALES •
The number of closed sales in the 12 months ending November 30, 2021 for the Naples and Bonita Springs Area increased 21% year-over-year (10,163 vs 8,380).
•
There were 52 closed sales, priced above two million in November 2021 compared to 62 in November 2020, a 16% decrease. During the 12 months ending November 30, 2021, sales in this category increased 75% over the same time period in 2020 (981 vs 561 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2021, a total of 10,165 new listings were added to the market, this is a 2% decrease vs the same time period 12 months ending November 30, 2020.
•
Available inventory as of November 30, 2021 consisted of 2,217 units, a decrease of 39% vs the same time period in 2020. 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 $983,392 a 32% increase vs the same time period in 2020.
•
The median sales price for the area in November 2021 increased 27% to $595,250 vs November 2020.
*Source of this market data: Southwest Florida MLS © 2021. 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 November 30, 2021 for the Naples and Bonita Springs Area increased 49% year-over-year (8,836 vs 5,914).
•
There were 19 closed sales priced above two million in November 2021 compared to 10 in November 2020, a 90% decrease. During the 12 months ending November 30, 2021, sales in this category increased 58% vs the same time period in 2020 (343 vs 217 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2021, a total of 7,712 new listings were added to the market, a 7% decrease vs the same time period 12 months ending November 30, 2020.
•
Available inventory as of November 30, 2021 consisted of 1,306 units, a decrease of 61% vs the same time period in 2020. Current inventory represents 3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $556,756 an increase of 14% vs the same time period in 2020.
•
The median sales price for the area in November 2021 increased 30% to $362,500 vs November 2020.
*Source of this market data: Southwest Florida MLS © 2021. 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 November 30, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 41% year-over-year (686 vs 487).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2021, a total of 652 new listings were added to the market, a decrease of 7% compared to the same time period 12 months ending November 30, 2020.
•
Available inventory as of November 30, 2021 consisted of 194 units, a decrease of 44% vs the same time period in 2020 (194 vs 347). 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 $4,769,374 an increase of 34% vs the same time period in 2020.
•
The median sales price for the area in November 2021 increased 18% to $3,480,000 vs November 2020.
*Source of this market data: Southwest Florida MLS © 2021. 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 November 30, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 55% year-over-year (798 vs 513).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2021, a total of 720 new listings were added to the market, a decrease of 8% vs the same time period 12 months ending November 30, 2020.
•
Available inventory as of November 30, 2021 consisted of 187 units, a 48% decrease vs the same time period in 2020. 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 $2,266,972, increasing 7% vs the same time period in 2020.
•
The median sales price for the area in November 2021 increased 7% to $1,662,500 vs November 2020.
*Source of this market data: Southwest Florida MLS © 2021. 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
$983,392
$696,646
$656,737
$682,527
10,509
9,431
$744,732
10,371
10,206
10,163
10,165 8,380
2017
6,643
6,288
6,116
2018
2019
2020
2021
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$556,657
$408,113
$444,686
8,494
7,853 4,842
2017
$483,324 $432,861
5,284
2018
8,836
8,295
8,037 5,318
2019
7,712 5,914
2020
2021
*Source of this market data: Southwest Florida MLS © 2021. 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
$4,769,374 $3,877,708 $3,285,672
664
594
$3,550,328
$3,448,471
700
632
686
652 487
363
324
2017
357
2018
2019
2020
2021
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
$1,893,606
$1,968,879
$2,115,737
798
513
449
2018
$2,266,972
720
630
325 2017
$2,084,744
Closed Units
779
662
562
New Listings
359
2019
2020
2021
*Source of this market data: Southwest Florida MLS © 2021. 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
8
-69%
56
60%
3.2
-71%
$6,212,952
26%
Bonita Bay
7
-82%
101
74%
2.2
-67%
$1,675,663
23%
Collier’s Reserve
0
-100%
14
30%
0.5
-92%
$1,501,607
-3%
Grey Oaks
3
-90%
72
4%
1.8
-81%
$2,964,667
13%
Isles of Collier Preserve
0
-100%
78
35%
1.4
-77%
$1,299,156
21%
Kensington
0
-100%
19
27%
1.6
61%
$1,023,921
31%
Lely Resort
5
-92%
210
53%
2.1
-79%
$833,256
24%
Mediterra
5
-88%
87
67%
2.4
-79%
$2,388,549
16%
Monterey
0
-100%
34
62%
2.5
-42%
$995,218
19%
Naples Park
20
-67%
264
40%
1.9
-64%
$636,032
31%
Naples Reserve
5
-82%
122
-5%
1.2
-81%
$857,617
52%
Olde Naples
15
-69%
103
16%
3.1
-67%
$4,642,442
18%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
23
-66%
165
28%
2.9
-69%
$2,892,574
41%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
13
0%
37
-3%
3.0
-57%
$4,629,865
21%
Pelican Bay
7
-77%
84
40%
2.4
-74%
$3,839,687
26%
Pelican Landing
2
-91%
75
29%
1.7
-79%
$931,131
26%
Pelican Marsh
2
-92%
92
61%
2.1
-70%
$1,628,530
44%
Pine Ridge
6
-75%
42
-19%
2.6
-78%
$3,161,213
40%
Port Royal
4
-89%
59
48%
2.8
-80%
$12,511,449
43%
Quail Creek
2
-85%
34
55%
1.9
-69%
$1,581,882
39%
Quail West
3
-89%
82
19%
1.9
-80%
$2,693,973
24%
Royal Harbor
8
-62%
45
-6%
2.3
-79%
$3,169,407
21%
The Colony At Pelican Landing
2
-83%
18
39%
1.6
-87%
$1,581,111
-2%
Tiburon
0
-100%
18
13%
1.5
-69%
$2,453,681
27%
Vanderbilt Beach
6
-70%
47
9%
2.2
-77%
$2,673,796
31%
Vineyards
5
-64%
77
-7%
1.6
-76%
$886,317
27%
Neighborhood
*Source of this market data: Southwest Florida MLS © 2021. 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
13
-85%
199
49%
2.6
-70%
$1,018,328
27%
Grey Oaks
1
-75%
18
100%
1.4
-48%
$1,040,889
3%
Isles of Collier Preserve
0
-100%
49
11%
1.8
-71%
$602,326
16%
Kensington
0
-100%
35
133%
2.6
-79%
$491,259
14%
Lely Resort
8
-91%
281
61%
2.4
-64%
$348,859
12%
Mediterra
1
-92%
30
77%
2.0
-84%
$637,483
14%
28
-70%
212
68%
3.9
-59%
$1,144,461
25%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
7
-84%
147
56%
2.6
-71%
$579,059
34%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
31
-87%
476
48%
2.8
-71%
$1,667,631
19%
Pelican Bay
13
-93%
506
69%
2.4
-73%
$1,430,811
22%
Pelican Landing
1
-97%
99
4%
1.3
-78%
$398,664
15%
Pelican Marsh
0
-100%
121
41%
1.4
-79%
$476,526
19%
The Dunes of Naples
4
-84%
62
77%
2.4
-88%
$1,276,660
19%
Tiburon
0
-100%
60
50%
2.3
-68%
$910,479
15%
Vanderbilt Beach
12
-82%
193
93%
2.9
-73%
$1,256,528
26%
Vineyards
2
-96%
170
28%
2.3
-60%
$442,586
19%
Olde Naples
*Source of this market data: Southwest Florida MLS © 2021. 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
$$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
*Source of this market data: Southwest Florida MLS © 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Neighborhood
Single-Family
Condominium
Golf Course
Boating*
Clubhouse
Tennis
Gated** Price Range
NAPLES PARK North Naples
$$
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
$$$
QUAIL CREEK North Naples
18
$$$
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 © 2021. 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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