NAPLES FLORIDA
LUXURY INVENTORY VS. SALES | JULY 2024
Buyer's Market
$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
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | JULY
Jul. 2023 Jul. 2024
VARIANCE: 35 % 371
VARIANCE: 5 % $1,008 $1,056 SALE PRICE PER SQFT.
VARIANCE: 0 % 94.44% 94.52% SALE TO LIST PRICE RATIO
2 % $3.40m $3.48m SALES PRICE VARIANCE: - 50 % 110 55 DAYS ON MARKET
NAPLES MARKET SUMMARY | JULY 2024
• The single-family luxury market is a Buyer's Market with a 7% Sales Ratio.
• Homes sold for a median of 94.52% of list price in July 2024.
• The most active price band is $2,500,000-$2,599,999, where the sales ratio is 29%
• The median luxury sales price for single-family homes is $3,475,000.
• The median days on market for July 2024 was 55 days, down from 110 in July 2023.
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.
$4,600,000
$4,100,000
LUXURY INVENTORY VS. SALES | JULY 2024
Buyer's Market
$1,700,000
$1,600,000
Luxury Benchmark Price 1: $1,275,000
13 - MONTH LUXURY MARKET TREND
Median Sales Price Inventory
Solds
4
MEDIAN DATA REVIEW | JULY
TOTAL INVENTORY TOTAL SOLDS
VARIANCE: - 13 % $1,012 $877 SALE PRICE PER SQFT.
NAPLES MARKET SUMMARY | JULY 2024
• The attached luxury market is a Buyer's Market with an 8% Sales Ratio.
• Homes sold for a median of 93.75% of list price in July 2024.
• The most active price band is $1,500,000-$1,599,999, where the sales ratio is 63%
• The median luxury sales price for attached homes is $1,900,000.
• The median days on market for July 2024 was 72 days, up from 40 in July 2023.
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: