William Raveis Real Estate Phil Collins Luxury Market Report November 2022

NAPLES & BONITA SPRINGS

Single-Family Properties

CLOSED SALES

• The number of closed sales in the 12 months ending November 30, 2022 for the Naples and Bonita Springs Area decreased 29% year-over-year (7,313 vs 10,263).

• There were 55 closed sales priced above two million in November 2022 compared to 57 in November 2021; a 4% decrease. During the 12 months ending November 30, 2022, sales in this category decreased 17% over the same time period in 2021 (820 vs 988 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending November 30, 2022, a total of 9,826 new listings were added to the market, this is a 4% decrease vs the same time period 12 months ending November 30, 2021.

• Available inventory as of November 30, 2022 consisted of 2,805 units, an increase of 24% vs the same time period in 2021. Current inventory represents 7 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $1,156,741, an 18% increase vs the same time period in 2021.

• The median sales price for the area in November 2022 increased 18% to $700,000 vs November 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 SPRINGS

Condominiums

CLOSED SALES

• The number of closed sales in the 12 months ending November 30, 2022 for the Naples and Bonita Springs Area decreased 36% year-over-year (5,730 vs 9,014).

• There were 16 closed sales priced above two million in November 2022 compared to 20 in November 2021, a 20% decrease. During the 12 months ending November 30, 2022, sales in this category did not change vs the same time period in 2021 (353 vs 353 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending November 30, 2022, a total of 6,818 new listings were added to the market, a 14% decrease vs the same time period 12 months ending November 30, 2021.

• Available inventory as of November 30, 2022 consisted of 1,637 units, an increase of 18% vs the same time period in 2021. Current inventory represents 6 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $706,320, a 27% increase vs the same time period in 2021.

• The median sales price for the area in November 2022 increased 18% to $425,000 vs November 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.

PORT ROYAL to BONITA BEACH 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, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 35% yearover-year (442 vs 684).

NEW LISTINGS / INVENTORY

• During the 12 months ending November 30, 2022, a total of 766 new listings were added to the market, a decrease of 18% compared to the same time period 12 months ending November 30, 2021.

• Available inventory as of November 30, 2022 consisted of 314 units, a 55% increase vs the same time period in 2021 (314 vs 203). 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 $5,236,388 an increase of 10% vs the same time period in 2021.

• The median sales price for the area in November 2022 decreased 42% to $2,395,000 vs November 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.

PORT ROYAL to BONITA BEACH ROAD AREA

Condominiums

LUXURY MARKET $1M+ (WEST OF 41)

CLOSED SALES

• The number of closed sales in the 12 months ending November 30, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 28% yearover-year (585 vs 815).

NEW LISTINGS / INVENTORY

• During the 12 months ending November 30, 2022, a total of 693 new listings were added to the market, a decrease of 6% vs the same time period 12 months ending November 30, 2021.

• Available inventory as of November 30, 2022 consisted of 206 units, a 4% increase vs the same time period in 2021 (206 vs 198). 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 $2,595,478, increasing 14% vs the same time period in 2021.

• The median sales price for the area in November 2022 increased 41% to $2,325,000 vs November 2021.

COMMUNITY SNAPSHOT REPORT

Single-Family Properties

Neighborhood Active Listings

Aqualane Shores

Closed Past 12 Months

Average Closed Price Months Of Supply % Change % Change % Change % Change

18 100% 16 -72% 5.2 100% $9,395,938 53%

Bonita Bay 3 -63% 42 -58% 0.9 -44% $2,193,411 31%

Collier’s Reserve 5 12 -14% 1.1 450% $2,296,750 53%

Grey Oaks 8 100% 44 -39% 2.5 108% $4,542,318 53%

Isles of Collier Preserve 16 40 -49% 2.0 186% $2,295,488 75%

Kensington 2 16 -16% 0.7 17% $1,318,447 29%

Lely Resort 27 238% 100 -52% 2.2 100% $1,303,264 56%

Mediterra 15 150% 43 -51% 2.3 35% $3,309,930 39%

Monterey 2 16 -53% 1.3 18% $1,326,625 33%

Naples Park 75 178% 204 -24% 2.8 133% $1,015,530 60%

Naples Reserve 23 283% 57 -54% 1.9 138% $1,246,821 46%

Olde Naples 34 100% 52 -50% 3.9 56% $8,013,634 72%

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

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

43 54% 90 -46% 4.8 100% $3,799,477 31%

36 112% 28 -24% 6.7 123% $6,509,107 41%

Pelican Bay 14 75% 38 -56% 1.8 6% $4,735,237 23%

Pelican Landing 6 100% 47 -37% 1.2 33% $1,407,671 51%

Pelican Marsh 7 250% 38 -59% 1.2 20% $2,029,276 25%

Pine Ridge 12 71% 22 -49% 5.5 150% $5,105,522 62%

Port Royal 13 225% 26 -56% 4.0 67% $19,796,445 58%

Quail Creek 13 550% 30 -12% 2.5 56% $2,150,100 36%

Quail West 10 67% 41 -50% 2.0 67% $4,057,854 51%

Royal Harbor 15 36% 26 -42% 4.1 116% $5,146,712 62%

The Colony At Pelican Landing 2 0% 6 -67% 0.2 -82% $2,482,500 57%

Tiburon 2 6 -67% 0.8 14% $2,659,667 8%

Vanderbilt Beach 27 286% 22 -53% 4.1 128% $3,934,277 47%

Vineyards 15 88% 58 -27% 1.8 50% $1,241,065 40%

*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 Active Listings

SNAPSHOT REPORT

Condominiums

Average Closed Price Months Of Supply % Change % Change % Change % Change

Closed Past 12 Months

Bonita Bay 17 0% 133 -33% 1.1 -42% $1,219,434 20%

Grey Oaks 0 -100% 17 -6% 0.5 -44% $1,896,765 82%

Isles of Collier Preserve 9 41 -16% 1.2 33% $965,765 60%

Kensington 3 200% 15 -57% 0.9 -55% $753,133 53%

Lely Resort 22 83% 176 -38% 1.0 -33% $530,330 52%

Mediterra 4 300% 23 -23% 1.3 8% $1,257,739 97%

Olde Naples 27 -10% 126 -41% 2.0 -38% $1,603,128 39%

Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 18 125% 97 -34% 1.7 0% $638,116 10%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 38 23% 260 -46% 1.5 -21% $2,311,644 38%

Pelican Bay 46 142% 265 -48% 1.0 -33% $1,906,596 33%

Pelican Landing 5 67% 54 -46% 0.7 0% $545,631 37%

Pelican Marsh 10 900% 63 -48% 0.9 13% $784,119 64%

The Dunes of Naples 10 150% 30 -53% 1.5 7% $1,978,159 54%

Tiburon 5 29 -52% 1.2 20% $1,213,638 33% Vanderbilt Beach 18 13% 94 -52% 1.6 -24% $1,417,953 13% Vineyards 12 140% 111 -35% 1.2 -8% $612,560 38%

*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.

SOUTHWEST FLORIDA COMMUNITY GUIDE

- City of Naples - North Naples (North of Pine Ridge Road) - South Naples (South of Pine Ridge Road) - Bonita Springs

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

GOLF COURSE

18 holes 27 holes 36 holes 54 holes 90 holes

KEY PRICE RANGE

Dominant price less than $500K

Dominant price $500K to $1M

Dominant price over $1M

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

*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