FEBRUARY Home of the CLHMS
TM
NAPLES FLO R IDA www.LuxuryHomeMarketing.com
2022
NAPLES
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | JANUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,500,000 $12,500,000+ $10,900,000 - $12,499,999 $9,500,000 - $10,899,999
5
2
Total Sales: 67
Total Sales Ratio2: 38%
14
0 13
4
11
1
$4,500,000 - $5,299,999
8
3
$3,900,000 - $4,499,999
6
3
$3,300,000 - $3,899,999
11
5
$2,700,000 - $3,299,999
15
12
$2,300,000 - $2,699,999
14
5
$1,900,000 - $2,299,999
19
10
$1,700,000 - $1,899,999
5
6
$1,500,000 - $1,699,999
1
Seller's Market
12
2
$6,100,000 - $7,099,999 $5,300,000 - $6,099,999
Total Inventory: 176
3
0
$8,100,000 - $9,499,999
$7,100,000 - $8,099,999
25
3
12
14
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$3,575,000
3
2
2
15
13%
2,000 - 2,999
$2,200,000
3
3
13
33
39%
3,000 - 3,999
$2,130,000
4
4
27
30
90%
4,000 - 4,999
$3,372,500
4
6
14
38
37%
5,000 - 5,999
$6,122,500
4
5
6
31
19%
6,000+
$8,955,000
5
7
5
29
17%
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
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
Inventory
Solds
$3,900,000 $3,200,000
$3,150,000
$3,200,000 $2,875,000
$2,500,000
$2,875,000
$2,772,500
$2,822,500 $2,200,500
$2,500,000
$2,399,000
$2,750,000
366 216
173 69
Jan-21
129 115
76 Feb-21
Mar-21
112 106
Apr-21
115
97
May-21
113
80
Jun-21
119
65
Jul-21
114
114
182
Sep-21
160 58
51
39 Aug-21
164
Oct-21
Nov-21
176 105
67
Dec-21
Jan-22
MEDIAN DATA REVIEW | JANUARY TOTAL INVENTORY Jan. 2021
Jan. 2022
216
176 VARIANCE: -19 % SALE PRICE PER SQFT. Jan. 2021
$
Jan. 2022
726
751 VARIANCE: 3 % $
TOTAL SOLDS Jan. 2021
SALES PRICE
Jan. 2022
69
67 VARIANCE: -3 %
Jan. 2021
2.50m
$
SALE TO LIST PRICE RATIO Jan. 2021
Jan. 2022
94.83% 100.00% VARIANCE: 5 %
Jan. 2022
2.75m VARIANCE: 10 % $
DAYS ON MARKET Jan. 2021
Jan. 2022
52
23 VARIANCE: -56 %
NAPLES MARKET SUMMARY | JANUARY 2022 • The Naples single-family luxury market is a Seller's Market with a 38% Sales Ratio. • Homes sold for a median of 100.00% of list price in January 2022. • The most active price band is $1,500,000-$1,699,999, where the sales ratio is 86%. • The median luxury sales price for single-family homes is $2,750,000. • The median days on market for January 2022 was 23 days, down from 52 in January 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
NAPLES
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | JANUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $950,000 $4,420,000+
9
3
$3,920,000 - $4,419,999
3
$3,420,000 - $3,919,999
2
$3,020,000 - $3,419,999
4
3
Total Sales: 82 Seller's Market
5
3
$2,620,000 - $3,019,999
Total Inventory: 90
1
$2,320,000 - $2,619,999
10
5
8
$2,020,000 - $2,319,999 $1,720,000 - $2,019,999
25
3
$1,320,000 - $1,519,999
3
11 4
0
10 4
$1,140,000 - $1,219,999
$1,060,000 - $1,139,999
0
$1,000,000 - $1,059,999
0
5 6 8
3
$950,000 - $999,999
1
9
7
$1,520,000 - $1,719,999
$1,220,000 - $1,319,999
Total Sales Ratio2: 91%
12
6
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
$1,265,000
2
2
31
23
135%
2,000 - 2,999
$1,685,000
3
3
42
48
88%
3,000 - 3,999
$3,500,000
3
4
7
12
58%
4,000 - 4,999
NA
NA
NA
0
3
0%
5,000+
$11,497,500
5
7
2
4
50%
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
13 - MONTH LUXURY MARKET TREND 4 Sale Price
$1,450,000
$1,675,000
$1,500,000
$1,575,000
Inventory
$1,775,000
$1,509,000
$1,740,500
$1,627,250
Solds
$1,535,000
$1,575,000
$1,450,000
$1,800,000
$1,597,500
229 171 73
Jan-21
124 112
94
Feb-21
Mar-21
94
124
Apr-21
96
113
May-21
139 88
75
Jun-21
82
54
Jul-21
79
76
42
Aug-21
Sep-21
91
95
Oct-21
117 65
80
Nov-21
Dec-21
49
90
82
Jan-22
MEDIAN DATA REVIEW | JANUARY TOTAL INVENTORY Jan. 2021
Jan. 2022
229
TOTAL SOLDS Jan. 2021
Jan. 2022
90 VARIANCE: -61 %
82 VARIANCE: 12 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Jan. 2021
$
Jan. 2022
648
788 VARIANCE: 22 % $
73
Jan. 2021
Jan. 2022
96.19% 100.00% VARIANCE: 4 %
SALES PRICE Jan. 2021
$
1.45m
Jan. 2022
1.60m VARIANCE: 10 % $
DAYS ON MARKET Jan. 2021
Jan. 2022
51
9 VARIANCE: -82 %
NAPLES MARKET SUMMARY | JANUARY 2022 • The Naples attached luxury market is a Seller's Market with a 91% Sales Ratio. • Homes sold for a median of 100.00% of list price in January 2022. • The most active price band is $1,520,000-$1,719,999, where the sales ratio is 367%. • The median luxury sales price for attached homes is $1,597,500. • The median days on market for January 2022 was 9 days, down from 51 in January 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3