NA P L E S F LO R I D A –February 2019–
www.LuxuryHomeMarketing.com
NAPLES
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | JANUARY 2019 Inventory
Sales
Luxury Benchmark Price 1: $895,000 $5,000,000+ $4,500,000 - $4,999,999 $4,000,000 - $4,499,999 $3,600,000 - $3,999,999
$1,600,000 - $1,799,999 $1,400,000 - $1,599,999
$1,200,000 - $1,399,999
Buyer's Market
49
Total Sales Ratio2: 5%
45
3 22
5
44
5
49
0 37
1
59
1
36
1
48
2
110
3
$1,000,000 - $1,199,999 $895,000 - $999,999
Total Sales: 44
1
$2,600,000 - $2,899,999
$1,800,000 - $1,999,999
Total Inventory: 876 36
1
$2,900,000 - $3,199,999
$2,000,000 - $2,299,999
29
3
$3,200,000 - $3,599,999
$2,300,000 - $2,599,999
131
8
105
6
76
4
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$1,237,500
3
2
2
65
3%
2,000 - 2,999
$1,092,500
4
3
6
162
4%
3,000 - 3,999
$2,290,000
4
4
15
279
5%
4,000 - 4,999
$3,400,000
4
6
13
187
7%
5,000 - 5,999
$3,850,000
5
6
4
78
5%
6,000+
$10,417,500
5
7
4
105
4%
The luxury threshold price is set in July of each year by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's = up to 14%; Balanced = 15 to 20%; Seller's = 21% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. 1
NAPLES
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
Inventory
Solds $2,775,000
$1,770,000
$1,850,000
$2,000,000
$2,225,000 $1,888,100
$1,770,000
$1,850,000
$1,750,000
$1,795,000
$1,743,750
$1,757,500
$1,480,000
539
531
516
42 Jan-18
519
473
65
76
92
95
Feb-18
Mar-18
Apr-18
May-18
77
51
Jun-18
528
493
472
449
Jul-18
33
46
Aug-18
Sep-18
41 Oct-18
876
722
675
603
44
34
Nov-18
Dec-18
44
Jan-19
MEDIAN DATA INVENTORY December
January
722
SOLDS December
January
876 VARIANCE: 21 %
44 VARIANCE: 29 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
December
January
490
684 VARIANCE: 40 %
$
$
34
December
January
94.84% 93.80% VARIANCE: -1 %
SALES PRICE December
1.76m
$
January
2.78m VARIANCE: 58 % $
DAYS ON MARKET December
January
86
93 VARIANCE: 8 %
NAPLES MARKET SUMMARY | JANUARY 2019 • The Naples single-family luxury market is a Buyer's Market with a 5% Sales Ratio. • Homes sold for a median of 93.80% of list price in January 2019. • The most active price band is $2,900,000-$3,199,999, where the sales ratio is 23%. • The median luxury sales price for single-family homes has increased to $2,775,000. • The median days on market for January 2019 was 93 days, up from 86 in December 2018.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Historical data before August 2017 does not account for listings taken off the market.
3
NAPLES
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | JANUARY 2019 Inventory
Sales
Luxury Benchmark Price 1: $1,365,000 $5,000,000+ $4,500,000 - $4,999,999 $4,000,000 - $4,499,999 $3,500,000 - $3,999,999
17
0 10
0
7
0
Buyer's Market Total Sales Ratio2: 7%
19
3
$2,500,000 - $2,999,999
34
6
$2,000,000 - $2,499,999
56
2
$1,900,000 - $1,999,999
18
3 15
0
$1,700,000 - $1,799,999
16
2
$1,600,000 - $1,699,999
17
1
$1,500,000 - $1,599,999
32
2
$1,450,000 - $1,499,999
20
1
$1,400,000 - $1,449,999 $1,365,000 - $1,399,999
Total Sales: 22 12
0
$3,000,000 - $3,499,999
$1,800,000 - $1,899,999
Total Inventory: 297
2
7
17
0
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 999
NA
NA
NA
0
0
NA
1,000 - 1,999
$1,485,000
2
2
3
35
9%
2,000 - 2,999
$1,972,500
3
3
12
124
10%
3,000 - 3,999
$2,700,000
3
4
5
90
6%
4,000 - 4,999
$2,750,000
4
5
2
32
6%
5,000+
NA
NA
NA
0
16
0%
The luxury threshold price is set in July of each year by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's = up to 14%; Balanced = 15 to 20%; Seller's = 21% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory. 1
NAPLES
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4 Sale Price
$2,099,000 $1,819,250
201
190
$1,942,500
200
$1,997,500 $1,700,000
195
175
100
Jan-18
Inventory
$1,825,000
30
25
44
Feb-18
Mar-18
Apr-18
May-18
$2,275,000
$2,032,500
$1,950,000
$1,750,000
169
41
Solds
25
14
Jun-18
Jul-18
11
13
Aug-18
Sep-18
19 Oct-18
$1,795,900
$1,997,500
297
255
232
215
193
177
165
$1,800,000
21
15
Nov-18
Dec-18
22 Jan-19
MEDIAN DATA INVENTORY December
January
255
SOLDS December
January
297 VARIANCE: 16 %
22 VARIANCE: 47 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
December
January
697
$
808 VARIANCE: 16 % $
15
December
January
97.23% 94.86% VARIANCE: -2 %
SALES PRICE December
1.80m
$
January
2.00m VARIANCE: 11 % $
DAYS ON MARKET December
January
28
64 VARIANCE: 129 %
NAPLES MARKET SUMMARY | JANUARY 2019 • The Naples attached luxury market is a Buyer's Market with a 7% Sales Ratio. • Homes sold for a median of 94.86% of list price in January 2019. • The most active price band is $1,400,000-$1,449,999, where the sales ratio is 29%. • The median luxury sales price for attached homes has increased to $1,997,500. • The median days on market for January 2019 was 64 days, up from 28 in December 2018.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Historical data before August 2017 does not account for listings taken off the market.
3