NAPLES FLORIDA
Home of the CLHMS TM 2023 AUGUST
27 22 43 14 14 24 29 24 39 42 36 23 11 7 16 0 1 3 2 1 1 1 3 3 1 5 4 6 2 0 $20,000,000+ $15,000,000 - $19,999,999 $10,000,000 - $14,999,999 $9,000,000 - $9,999,999 $8,000,000 - $8,999,999 $7,000,000 - $7,999,999 $6,000,000 - $6,999,999 $5,000,000 - $5,999,999 $4,000,000 - $4,999,999 $3,500,000 - $3,999,999 $3,000,000 - $3,499,999 $2,800,000 - $2,999,999 $2,600,000 - $2,799,999 $2,500,000 - $2,599,999 $2,400,000 - $2,499,999 Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $3,025,000 NA 0 2 25 8% 2,000 - 2,999 $2,775,000 4 3 5 61 8% 3,000 - 3,999 $2,825,000 4 4 11 76 14% 4,000 - 4,999 $3,725,000 4 6 6 84 7% 5,000 - 5,999 $7,878,916 5 7 4 49 8% 6,000+ $9,000,000 5 6 5 76 7% NAPLES SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES
Luxury Benchmark Price 1: $2,400,000 Buyer's Market 371 Total Inventory: 33 Total Sales: 9% Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
| JULY 2023
NAPLES SINGLE - FAMILY HOMES
LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | JULY
TOTAL INVENTORY
246 371 Jul. 2022 Jul. 2023
VARIANCE: 51 %
VARIANCE: - 15 % $1,192 $1,008
TOTAL SOLDS
VARIANCE: 0 % 33 33
SALE TO LIST PRICE RATIO
100.00% 94.44%
VARIANCE: - 6 %
SALES PRICE
VARIANCE: - 40 % $5.70m $3.40m
DAYS ON MARKET
VARIANCE: 182 % 39 110
NAPLES MARKET SUMMARY | JULY 2023
• The Naples single-family luxury market is a Buyer's Market with a 9% Sales Ratio.
• Homes sold for a median of 94.44% of list price in July 2023.
• The most active price band is $2,600,000-$2,799,999, where the sales ratio is 55%
• The median luxury sales price for single-family homes is $3,400,000.
• The median days on market for July 2023 was 110 days, up from 39 in July 2022.
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.
13
Solds Median Sales Price Inventory 246 232 245 301 335 349 417 458 494 481 441 393 371 33 39 18 39 31 48 41 41 61 44 67 47 33 $5,700,000 $4,200,000 $3,600,000 $3,500,000 $3,000,000 $4,537,500 $4,550,000 $4,500,000 $3,405,770 $3,325,000 $4,450,000 $3,935,000 $3,400,000 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23
- MONTH
SALE
Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023
PRICE PER SQFT.
18 9 10 19 14 24 44 3 12 10 9 8 11 15 25 1 0 2 0 2 3 5 0 1 1 4 1 3 2 4 $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 Inventory Sales
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $1,495,000 2 2 3 17 18% 1,500 - 1,999 $1,750,000 2 2 9 64 14% 2,000 - 2,499 $2,137,500 3 3 8 47 17% 2,500 - 2,999 $2,250,000 3 4 7 58 12% 3,000 - 3,499 $2,400,000 3 5 1 25 4% 3,500+ $10,000,000 4 5 1 20 5%
INVENTORY
Luxury Benchmark Price 1: $1,275,000 Buyer's Market 231 Total Inventory: 29 Total Sales: 13% Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
NAPLES ATTACHED HOMES
LUXURY
VS. SALES | JULY 2023
NAPLES ATTACHED HOMES
MEDIAN DATA REVIEW | JULY
TOTAL INVENTORY TOTAL SOLDS
SALES PRICE
22 29
SALE PRICE PER SQFT.
$2.01m $1.85m
VARIANCE:
VARIANCE: 0 % $1,013 $1,012
32 %
SALE TO LIST PRICE RATIO
100.00% 95.45%
VARIANCE: - 5 %
- 8 %
DAYS ON MARKET
Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023
16 40
VARIANCE: 150 %
NAPLES MARKET SUMMARY | JULY 2023
• The Naples attached luxury market is a Buyer's Market with a 13% Sales Ratio.
• Homes sold for a median of 95.45% of list price in July 2023.
• The most active price band is $1,700,000-$1,799,999, where the sales ratio is 44%
• The median luxury sales price for attached homes is $1,850,000.
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.
140 129 143 142 158 174 234 273 281 299 294 255 231 22 35 29 29 31 42 137 49 78 84 82 50 29 $2,005,500 $1,800,000 $2,100,000 $2,100,000 $2,225,000 $2,152,500 $2,195,000 $2,195,000 $2,000,000 $2,030,000 $2,100,000 $2,150,000 $1,850,000 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Solds Sale Price Inventory
VARIANCE:
13 - MONTH LUXURY MARKET TREND 4 VARIANCE:
65 % 140 231
• The median days on market for July 2023 was 40 days, up from 16 in July 2022.
