NAPLES & BONITA SPRINGS

Condominiums

Closed Sales

• The number of closed sales in the 12 months ending April 30, 2023 for the Naples and Bonita Springs Area decreased 31% year-over-year (5,065 vs 7,331).

• There were 48 closed sales priced above two million in April 2023 compared to 48 in April 2022, resulting in no change. During the 12 months ending April 30, 2023, sales in this category increased 28% over the same time period in 2022 (454 vs 354 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending April 30, 2023, a total of 6,569 new listings were added to the market, a 12% decrease vs the same time period 12 months ending April 30, 2022.

• Available inventory as of April 30, 2023 consisted of 2,356 units, an increase of 23% vs the same time period in 2022. 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 $796,886, a 26% increase vs the same time period in 2022.

• The median sales price for the area in April 2023 increased 12% to $523,000 vs April 2022.

Luxury Broker in the World

by Luxury Portfolio International | 2018

William Raveis is honored to be recognized as the #1 Luxury Broker in the World by Luxury Portfolio International in 2018