NAPLES FLORIDA
LUXURY INVENTORY VS. SALES | SEPTEMBER 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 | SEPTEMBER
VARIANCE: 20 % 384 461 Sept. 2023 Sept. 2024 TOTAL INVENTORY VARIANCE: - 26 % 34 25 TOTAL SOLDS VARIANCE: - 2 % $3.98m $3.90m SALES PRICE
VARIANCE: - 9 % $1,136 $1,037 SALE PRICE PER SQFT.
VARIANCE: - 2 % 96.11% 94.07% SALE TO LIST PRICE RATIO
VARIANCE: 47 % 60 88 DAYS ON MARKET
NAPLES MARKET SUMMARY | SEPTEMBER 2024
• The single-family luxury market is a Buyer's Market with a 5% Sales Ratio.
• Homes sold for a median of 94.07% of list price in September 2024.
• The most active price band is $2,500,000-$2,599,999, where the sales ratio is 18%
• The median luxury sales price for single-family homes is $3,900,000.
• The median days on market for September 2024 was 88 days, up from 60 in September 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.
LUXURY INVENTORY VS. SALES | SEPTEMBER 2024
Buyer's Market
$4,100,000
$1,700,000
$1,600,000
$1,500,000
Luxury Benchmark Price 1: $1,275,000
13 - MONTH LUXURY MARKET TREND 4
Median Sales Price Inventory
Solds
MEDIAN DATA REVIEW | SEPTEMBER
TOTAL INVENTORY TOTAL SOLDS
• The attached luxury market is a Buyer's Market with a 6% Sales Ratio.
• Homes sold for a median of 94.79% of list price in September 2024.
• The most active price band is $3,600,000-$4,099,999, where the sales ratio is 21%
• The median luxury sales price for attached homes is $2,321,238.
• The median days on market for September 2024 was 27 days, down from 67 in September 2023.