William Raveis Real Estate Luxury Market Report November 2021

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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