NAPLES FLORIDA
Home of the CLHMS TM 2024 APRIL
$2,800,000 - $2,999,999
$2,600,000 - $2,799,999
$2,500,000 - $2,599,999
$2,400,000 - $2,499,999
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $2,415,000 3 2 1 26 4% 2,000 - 2,999 $2,900,000 3 4 12 94 13% 3,000 - 3,999 $3,125,000 4 4 18 181 10% 4,000 - 4,999 $5,200,000 4 5 16 156 10% 5,000 - 5,999 $8,125,000 5 7 8 92 9% 6,000+ $7,850,000 5 8 7 143 5% NAPLES SINGLE - FAMILY HOMES 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 12%; Balanced >= 12 to < 21%; Seller's >= 21%. If >100% MLS® data reported previous month’s sales exceeded current inventory. 43 33 81 38 29 36 53 55 74 53 71 50 30 8 38 1 1 4 2 3 4 5 4 6 8 9 3 6 1 5 $20,000,000+ $15,000,000 - $19,999,999 $10,000,000 - $14,999,999 $9,000,000 - $9,999,999
- $8,999,999
- $7,999,999
- $6,999,999
$8,000,000
$7,000,000
$6,000,000
$5,000,000 - $5,999,999 $4,000,000 - $4,999,999
$3,500,000 - $3,999,999
$3,000,000 - $3,499,999
Inventory Sales
Buyer's Market Total Inventory: 692 Total Sales: 62 Total Sales Ratio2 : 9% Luxury Benchmark Price 1: $2,400,000
LUXURY INVENTORY VS. SALES | MARCH 2024
NAPLES MARKET SUMMARY | MARCH 2024
• The single-family luxury market is a Buyer's Market with a 9% Sales Ratio.
• Homes sold for a median of 95.27% of list price in March 2024.
• The most active price band is $2,600,000-$2,799,999, where the sales ratio is 20%
• The median luxury sales price for single-family homes is $3,960,000.
• The median days on market for March 2024 was 68 days, up from 47 in March 2023.
4 Solds Median Sales Price Inventory 494 481 441 393 371 358 384 451 510 532 604 679 692 61 44 67 47 33 37 34 26 19 42 32 40 62 $3,405,770 $3,325,000 $4,450,000 $3,935,000 $3,400,000 $3,650,000 $3,982,463 $3,150,000 $3,349,000 $3,747,268 $3,350,000 $4,175,000 $3,960,000 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24
MEDIAN DATA REVIEW | MARCH 13 - MONTH LUXURY MARKET TREND
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
- FAMILY
NAPLES SINGLE
HOMES
VARIANCE: 40 % 494 692 Mar. 2023 Mar. 2024 TOTAL INVENTORY VARIANCE: 2 % 61 62 TOTAL SOLDS VARIANCE: 16 % $3.41m $3.96m SALES PRICE VARIANCE: 45 % 47 68 DAYS ON MARKET VARIANCE: 0 % 95.00% 95.27% SALE TO LIST PRICE RATIO VARIANCE: 12 % $969 $1,085 SALE PRICE PER SQFT. Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Luxury Benchmark Price 1: $2,400,000
NAPLES
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $1,500,000 2 2 5 55 9% 1,500 - 1,999 $1,750,000 2 2 20 162 12% 2,000 - 2,499 $1,850,000 3 3 13 117 11% 2,500 - 2,999 $2,750,000 3 3 19 132 14% 3,000 - 3,499 $3,125,000 3 4 6 78 8% 3,500+ $4,950,000 4 5 12 61 20% 77 9 18 41 51 63 114 10 30 25 22 26 28 33 58 7 4 3 5 4 12 7 2 1 6 3 4 3 6 8 $5,100,000+ $4,600,000 - $5,099,999 $4,100,000 - $4,599,999 $3,600,000 - $4,099,999 $3,100,000 - $3,599,999 $2,600,000 - $3,099,999 $2,100,000 - $2,599,999 $2,000,000 - $2,099,999 $1,900,000 - $1,999,999 $1,800,000 - $1,899,999 $1,700,000 - $1,799,999 $1,600,000 - $1,699,999 $1,500,000 - $1,599,999 $1,400,000 - $1,499,999 $1,275,000 - $1,399,999 LUXURY INVENTORY
Inventory Sales Luxury Benchmark Price 1: $1,275,000 Balanced Market Total Inventory: 605 Total Sales: 75 Total Sales Ratio2 : 12% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 12%; Balanced >= 12 to < 21%; Seller's >= 21%. If >100% MLS® data reported previous month’s sales exceeded current inventory.
ATTACHED HOMES
VS. SALES | MARCH 2024
NAPLES ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND
MEDIAN DATA REVIEW | MARCH
MARKET SUMMARY | MARCH 2024
• The attached luxury market is a Balanced Market with a 12% Sales Ratio.
• Homes sold for a median of 94.91% of list price in March 2024.
• The most active price band is $4,600,000-$5,099,999, where the sales ratio is 44%
• The median luxury sales price for attached homes is $2,350,000.
• The median days on market for March 2024 was 76 days, up from 30 in March 2023.
281 299 294 255 231 220 255 354 401 401 511 563 605 78 84 82 50 29 32 28 35 33 45 34 39 75 $2,000,000 $2,030,000 $2,100,000 $2,150,000 $1,850,000 $2,025,000 $1,940,000 $1,800,000 $2,470,000 $2,295,000 $2,050,000 $2,400,000 $2,350,000 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties. VARIANCE: 115 % 281 605 VARIANCE: - 4 % 78 75 VARIANCE: 18 % $2.00m $2.35m SALES PRICE VARIANCE: 153 % 30 76 DAYS ON MARKET VARIANCE: - 2 % 97.30% 94.91% SALE TO LIST PRICE RATIO VARIANCE: 10 % $953 $1,044 SALE PRICE PER SQFT. NAPLES
Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024
TOTAL INVENTORY TOTAL SOLDS Luxury Benchmark Price 1: $1,275,000
Solds Median Sales Price Inventory
4