Gulf Shore Boulevard Report - Q2 2020

NAPLES, FLORIDA GULF SHORE BOULEVARD MARKET REPORT SECOND QUARTER 2020

Gulf Shore Boulevard, Naples - Beachfront MARKET REPORT - Q2 2020 Data Represented on 12-Month Rolling Basis.

BEACHFRONT 2014

2015

2016

2017

2018

2019

2020

Listed

302

232

265

271

263

301

269

Sold

226

201

158

183

164

182

162

$1,271,688

$1,426,407

$1,602,850

$1,478,965

$1,518,424

$1,567,818

$1,743,996

Avg. Sale $

$

SOLD NEW LISTINGS

AVERAGE SALES PRICE

CLOSED SALES

269

162

10.63%

10.99%

12 MONTH NEW LISTING AND CLOSED SALES - BEACHFRONT $2,000,000

300

$1,750,000

200

$1,500,000

100

$1,250,000

2014

2015

2016

New Listings

2017

2018

2019 2020

MONTHS OF SUPPLY

119

8.81

12 MONTH AVERAGE SALES PRICE - BEACHFRONT

400

0

CURRENT INVENTORY

$1,743,996 11.24%

$1,000,000

2014

Closed Sales

2015

2016

2017

2018

2019 2020

Average Sales Price

SUMMARY With 162 properties sold, sales were down 11% from the preceding 12-month period when 182 properties were sold. New listings were down 10.6%, from 301 to 269. The average sales price, at $1,743,996 was up 11.2% from $1,567,818. As of June 30, 2020, inventory stood at 119 units while months of supply was 8.81 months.

John R. Wood Properties, Bring Your Highest Expectations.

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“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2020, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.”

Statistics include condominium units in buildings on the Gulf side of Gulf Shore Boulevard in the Naples neighborhoods of Park Shore, The Moorings, and Coquina Sands

Gulf Shore Boulevard, Naples - Bayfront MARKET REPORT - Q2 2020 Data Represented on 12-Month Rolling Basis.

BAYFRONT 2014

2015

2016

2017

2018

2019

2020

Listed

88

92

101

101

90

101

96

Sold

69

77

75

70

56

60

47

$508,874

$502,834

$572,593

$630,046

$626,195

$640,413

$651,487

Avg. Sale $

$

SOLD NEW LISTINGS

AVERAGE SALES PRICE

CLOSED SALES

96

47

4.95%

CURRENT INVENTORY

$651,487 1.73%

21.67%

12 MONTH NEW LISTING AND CLOSED SALES - BAYFRONT 125

MONTHS OF SUPPLY

39

9.96

12 MONTH AVERAGE SALES PRICE - BAYFRONT $700,000

100

$600,000

75 $500,000

50 $400,000

25 0

2014

2015

2016

New Listings

2017

2018

2019 2020

$300,000

2014

Closed Sales

2015

2016

2017

2018

2019 2020

Average Sales Price

SUMMARY With 47 properties sold, sales were down 21.7% from the preceding 12-month period when 60 properties were sold. New listings were down 5%, from 101 to 96. The average sales price, at $651,487 was up 1.7% from $640,413. As of June 30, 2020, inventory stood at 39 units while months of supply was 9.96 months.

John R. Wood Properties, Bring Your Highest Expectations.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2020, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.”

Statistics include condominium units in buildings on the Bay side of Gulf Shore Boulevard in the Naples neighborhoods of Park Shore, The Moorings, and Coquina Sands.

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Bring Your Highest Expectations ™

JRW #1 AGAIN in 2019 2019 CLOSED SALES VOLUME of the top brokerage firms in Southwest Florida

OUR SALES SPEAK VOLUMES

000 $2.4B

000

$2.2B

$1.7B

000

$1.3B

000

$955.90M

$892.24M

$798.22M

000 John R. Wood Properties Premier /Sotheby’s

0

Premiere Plus Realty Downing-Frye Realty, Inc. Coldwell Banker

William Raveis - Florida

MVP Realty

$634.78M

$631.74M

Berkshire Hathaway

Royal Shell

JRW' Premier/Sotheby's Premiere Plus Realty Coldwell William Banker Inc. Ravis MVP Florida Berkshire Realty Hathoway Royal Shell JohnDowning-Frye R. Wood Properties isRealty, the leading broker in Southwest Florida

FOR THE FIFTH CONSECUTIVE YEAR! “The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2020 Southwest Florida MLS. All rights reserved.

The accuracy of this information is not warranted or guaranteed.” Data is MLS closed sales volume for Collier and Lee County, for 1/1/19 through 12/31/19.

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