NAPLES FLORIDA
LUXURY INVENTORY VS. SALES | JUNE 2024
Buyer's Market Total Inventory:
$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 | JUNE
VARIANCE: 40 % 393 552 Jun. 2023 Jun. 2024
VARIANCE: 4 % $997 $1,040 SALE PRICE PER SQFT.
44 TOTAL SOLDS
- 6 %
VARIANCE: - 3 % 94.96% 92.06% SALE TO LIST PRICE RATIO
- 14 % $3.94m $3.40m SALES PRICE VARIANCE: 83 % 47 86 DAYS ON MARKET
NAPLES MARKET SUMMARY | JUNE 2024
• The single-family luxury market is a Buyer's Market with an 8% Sales Ratio.
• Homes sold for a median of 92.06% of list price in June 2024.
• The most active price band is $2,500,000-$2,599,999, where the sales ratio is 42%
• The median luxury sales price for single-family homes is $3,397,500.
• The median days on market for June 2024 was 86 days, up from 47 in June 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 | JUNE 2024
Buyer's Market
$1,700,000
$1,600,000
Luxury Benchmark Price 1: $1,275,000
13 - MONTH LUXURY MARKET TREND 4
Median Sales Price Inventory
Solds
MEDIAN DATA REVIEW | JUNE
TOTAL INVENTORY TOTAL SOLDS
2023 Jun. 2024
2023 Jun. 2024
2023 Jun. 2024 Jun. 2023 Jun. 2024 Jun. 2023 Jun. 2024 Jun. 2023 Jun. 2024
$1,002 $1,096 SALE PRICE PER SQFT.
VARIANCE: 9 %
VARIANCE: 45 % 42 61 DAYS ON MARKET VARIANCE: - 1 % 95.46% 94.53% SALE TO LIST PRICE RATIO
NAPLES MARKET SUMMARY | JUNE 2024
• The attached luxury market is a Buyer's Market with a 11% Sales Ratio.
• Homes sold for a median of 94.53% of list price in June 2024.
• The most active price band is $1,400,000-$1,499,999, where the sales ratio is 19%
• The median luxury sales price for attached homes is $2,325,000.
• The median days on market for June 2024 was 61 days, up from 42 in June 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: 71 %