MANAGED BY BY MANAGED
NOVEMBER 2020 LUXURY PROPERTIES MARKET REPORT RE EA AL L E ES ST TA AT TE E R
Naples | Bonita Springs
NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending November 30, 2020 for the Naples and Bonita Springs Area increased 24% year-over-year (8,250 vs 6,643).
•
There were 61 closed sales, priced above two million, in November 2020 compared to 24 in November 2019, a 154% increase. During the 12 months ending November 30, 2020, sales in this category increased 57% over the same time period in 2019 (559 vs 356).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2020, a total of 10,222 new listings were added to the market, this is an increase of less than 1% vs the same time period 12 months ending November 30, 2019.
•
Available inventory as of November 30, 2020 consisted of 3,503 units, a decrease of 23% vs the same time period in 2019. Current inventory represents 4.6 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $747,621 a 10% increase vs the same time period in 2019.
•
The median sales price for the area in November 2020 increased 19% to $470,000 vs November 2019.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending November 30, 2020 for the Naples and Bonita Springs Area increased 11% year-over-year (5,876 vs 5,316).
•
There were 11 closed sales priced above two million compared to 5 in November 2019, a 120% increase. During the 12 months ending November 30, 2020, sales in this category increased 49% vs the same time period in 2019 (216 vs 145 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2020, a total of 8,212 new listings were added to the market, a 2% increase vs the same time period 12 months ending November 30, 2019.
•
Available inventory as of November 30, 2020 consisted of 3,248 units, a decrease of 10% vs the same time period in 2019. Current inventory represents 5.5 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $483,107 an increase of 12% vs the same time period in 2019.
•
The median sales price for the area in November 2020 increased 8% to $277,500 vs November 2019.
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 MARKET $1M+ (WEST OF 41) PORT ROYAL TO BONITA BEACH ROAD AREA – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending November 30, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 36% year-over-year (484 vs 357).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2020, a total of 690 new listings were added to the market, an increase of 9% compared to the same time period 12 months ending November 30, 2019.
•
Available inventory as of November 30, 2020 consisted of 333 units, a decrease of 13% vs the same time period in 2019 (333 vs 383). Current inventory represents 7.7 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $3,558,442, a decrease of 8% vs the same time period in 2019.
•
The median sales price for the area in November 2020 increased 25% to $3,125,000 vs November 2019.
LUXURY MARKET $1M+ (WEST OF 41) PORT ROYAL TO BONITA BEACH ROAD AREA - CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending November 30, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 43% year-over-year (512 vs 359).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2020, a total of 767 new listings were added to the market, an increase of 22% vs the same time period 12 months ending November 30, 2019.
•
Available inventory as of November 30, 2020 consisted of 331 units, a 10% decrease vs the same time period in 2019. Current inventory represents 8.5 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,110,792, remaining relatively the same with an increase of 1% vs the same time period in 2019.
•
The median sales price for the area in November 2020 increased 17% to $1,550,000 vs November 2019.
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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.
New Listings | Closed Units 12 Month Comparisons Naples and Bonita Springs - Single Family Properties 12,000
New Listings
10,000
2016 ---------------- 10,295 2017 ---------------- 9,431 2018 ---------------- 10,509 2019 ---------------- 10,205 2020 --------------- 10,222
8,000
6,000
Closed Units
4,000
2016 ---------------- 5,845 2017 ---------------- 6,115 2018 ----------------- 6,287 2019 ---------------- 6,643 2020 --------------- 8,250
2,000
0 2016
2017
2018
2019
2020
Naples and Bonita Springs - Condominiums 10,000
New Listings 2016 ----------------- 8,252 2017 ----------------- 7,853 2018 ----------------- 8,492 2019 ----------------- 8,034 2020 ----------------- 8,212
8,000
6,000
Closed Units
4,000
2016 ----------------- 4,814 2017 ----------------- 4,842 2018 ----------------- 5,284 2019 ----------------- 5,316 2020 ----------------- 5,876
2,000
0 2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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.
Average Sales Price 12 Month Comparisons Naples and Bonita Springs - Single Family Properties $800,000 $700,000
$748K $697K
$600,000
$631K
$657K
$683K
$500,000 $400,000 $300,000 $200,000
2016
2017
2018
2019
2020
Naples and Bonita Springs - Condominiums $500,000
$483K $445K
$400,000
$432K $398K
$408K
$300,000
$200,000
$100,000
0
2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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.
New Listings | Closed Units 12 Month Comparisons Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Single Family Properties $1M+ 800
New Listings
700
2016 ---------------- 689 2017 ---------------- 594 2018 ---------------- 664 2019 ---------------- 633 2020 --------------- 690
600 500 400
Closed Units
300
2016 ---------------- 289 2017 ---------------- 324 2018 ----------------- 363 2019 ---------------- 357 2020 --------------- 484
200
0
2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+ New Listings
800
2016 ---------------- 596 2017 ---------------- 562 2018 ---------------- 661 2019 ---------------- 630 2020 --------------- 767
700 600 500 400
Closed Units 2016 ---------------- 285 2017 ---------------- 325 2018 ----------------- 449 2019 ---------------- 359 2020 --------------- 512
300 200
0
2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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.
Average Sales Price 12 Month Comparisons Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Single Family Properties ($1M+) $4,500,000
$4,000,000
$3.878M
$3,500,000
$3,000,000
$3.205M
$3.286M
$3.558M
$3.448M
$2,500,000
$2,000,000
$1,500,000 0 2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$1.994M
$1.894M
$1.969M
$2.085M
$2.111M
$1,500,000
$1,000,000
$500,000
0
2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 Snapshot Report Single Family Properties
Monthly Snapshot as of November 30, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
21
-22%
35
+119%
10.5
-15%
$4,920,573
+6%
Bonita Bay
27
-31%
58
-12%
6.3
-7%
$1,362,946
+31%
Collier’s Reserve
4
-67%
20
+43%
6.1
-41.3%
$1,554,845
+9%
Grey Oaks
20
-62%
69
+82%
9.3
-40%
$2,614,915
+1%
Isles of Collier Preserve
10
-33%
58
+38%
5.7
-12%
$1,076,661
+16%
Kensington
3
-70%
15
-17%
4.1
-34%
$780,294
-14%
Lely Resort
49
-49%
137
+36%
9.8
-15%
$674,217
+10%
Mediterra
34
-48%
52
+33%
11.1
-28%
$2,057,397
-9%
Monterey
7
-30%
21
-5%
4.3
-30%
$834,548
+10%
Naples Park
38
-46%
188
+23%
5.1
-34%
$486,568
+13%
Naples Reserve
19
-70%
127
+43%
6.1
-28%
$562,678
+10%
Olde Naples
39
-39%
89
+18.7%
9.1
-36%
$3,929,444
-5%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
50
-41%
128
+20%
9.0
-24%
$2,069,682
-1%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
10
-60%
38
+15%
6.8
-32.5%
$3,827,455
+10%
Pelican Bay
25
-44%
60
+28%
9.0
-19%
$3,054,473
+24%
Pelican Landing
14
-66%
57
+2%
7.7
-14%
$744,491
-9%
Pelican Marsh
18
-49%
57
+30%
6.8
-33%
$1,133,467
+17%
Pine Ridge
21
-51%
52
+93%
11.5
+5%
$ 2,265,894
+25%
Port Royal
29
-37%
40
+5%
13.9
-10%
$8,764,250
-8%
Quail Creek
11
-27%
22
-8%
5.8
-27%
$1,140,250
-2%
Quail West
16
-68%
69
+28%
9.4
-27%
$2,170,429
+19%
Royal Harbor
18
-44%
48
+78%
10.4
-13%
$2,629,208
+25%
The Colony At Pelican Landing
11
-27%
13
+117%
12.1
-14%
$1,608,385
-4%
Tiburon
3
-67%
16
+60%
4.7
+21%
$1,935,562
+52%
Vanderbilt Beach
17
-47%
43
+48%
9.5
-30%
$2,036,822
+12%
Vineyards
7
-85%
83
+24%
6.4
-27%
$699,836
+4%
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 Snapshot Report Condominiums
Monthly Snapshot as of November 30, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % 12 MONTHS CHANGE
MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE
% CHANGE
Bonita Bay
70
-15%
134
no change
8.3
+1%
$802,739
+3%
Grey Oaks
2
-67%
9
-31%
2.6
-50
$1,009,544
+16%
Isles of Collier Preserve
7
-71%
44
+42%
5.9
-30%
$521,612
+5%
Kensington
15
+7%
15
-12%
12.5
+141%
$431,393
-8%
Lely Resort
62
-46%
175
-9%
6.3
-39%
$311,234
-1%
Mediterra
11
-45%
17
+31%
12.1
+12%
$561,441
-6%
Olde Naples
71
-26%
126
+15%
8.6
-25%
$918,796
-12%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
33
-38%
94
+54%
8.7
+6%
$432,989
+8%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
177
-26%
320
+7%
9.2
-3%
$1,410,069
+10%
Pelican Bay
127
-38%
299
+19%
8.3
-11%
$1,158,738
-22%
Pelican Landing
24
-42%
94
+13%
5.6
-28%
$347,756
+7%
Pelican Marsh
23
-57%
86
-6%
6.4
-28%
$400,317
+9%
Pine Ridge
3
-67%
22
+38%
3.9
-46%
$212,705
-5%
The Dunes of Naples
20
-26%
25
-31%
11
-35%
$1,087,217
-8%
Tiburon
20
+11%
40
no change
7.1
+16%
$792,119
+9%
Vanderbilt Beach
51
-36%
100
+9%
10.3
-20%
$999,962
+25%
Vineyards
39
-46%
133
+6%
5.6
-38%
$372,159
+8%
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 Guide LOCATIONS:
HOME STYLE:
City of Naples North Naples (North of Pine Ridge Rd.) South Naples (South of Pine Ridge Rd.) Marco Area
GOLF COURSES |
18 holes
PRICE RANGE:
| Single Family Home
| Dominant price less than $500,000
| Condominium
| Dominant price $500,000 - $1,000,000 | Dominant price over $1,000,000
27 holes
36 holes
54 holes
90 holes
BOATING | Many properties are boating oriented (have a dock or there is a community dock/marina) GATED | May or may not be manned by a security guard
COMMUNITY
HOME STYLE
GOLF COURSE
BOATING COMMUNITY
CLUB HOUSE
TENNIS
GATED
PRICE RANGE
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
MEDITERRA North Naples
MONTEREY North Naples
MOORINGS & COQUINA SANDS City of Naples
NAPLES PARK North Naples
NAPLES RESERVE South Naples
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 Guide COMMUNITY
HOME STYLE
GOLF COURSE
BOATING COMMUNITY
CLUB HOUSE
TENNIS
GATED
PRICE RANGE
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
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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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