NAPLES FLORIDA
Home of the CLHMS TM 2023 SEPTEMBER
23 18 44 13 13 23 24 27 45 31 45 20 13 4 15 0 0 1 0 1 3 1 2 7 5 7 1 4 4 1 $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 $2,500,000 3 3 1 28 4% 2,000 - 2,999 $3,191,250 3 4 2 47 4% 3,000 - 3,999 $3,550,000 4 4 13 84 15% 4,000 - 4,999 $3,800,000 4 5 11 85 13% 5,000 - 5,999 $4,426,680 4 5 5 47 11% 6,000+ $7,250,000 6 7 5 67 7% NAPLES SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES | AUGUST 2023 Luxury Benchmark Price 1: $2,400,000 Buyer's Market 358 Total Inventory: 37 Total Sales: 10% 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.
MEDIAN DATA REVIEW | AUGUST
TOTAL INVENTORY
232 358 Aug. 2022 Aug. 2023
VARIANCE: 54 %
SALE PRICE PER SQFT.
TOTAL SOLDS
VARIANCE: - 5 % 39 37
SALE TO LIST PRICE RATIO
VARIANCE: - 5 % 98.33% 93.75%
SALES PRICE
VARIANCE: - 13 % $4.20m $3.65m
DAYS ON MARKET
VARIANCE: 145 % 29 71
• The Naples single-family luxury market is a Buyer's Market with a 10% Sales Ratio.
• Homes sold for a median of 93.75% of list price in August 2023.
• The most active price band is $2,500,000-$2,599,999, where the sales ratio is 100%
• The median luxury sales price for single-family homes is $3,650,000.
• The median days on market for August 2023 was 71 days, up from 29 in August 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 232 245 301 335 349 417 458 494 481 441 393 371 358 39 18 39 31 48 41 41 61 44 67 47 33 37 $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 $3,650,000 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23
- MONTH LUXURY MARKET TREND 4
NAPLES SINGLE - FAMILY HOMES
NAPLES MARKET SUMMARY | AUGUST 2023
VARIANCE: - 22 % $1,229 $954 Aug. 2022 Aug. 2023 Aug. 2022 Aug. 2023 Aug. 2022 Aug. 2023 Aug. 2022 Aug. 2023 Aug. 2022 Aug. 2023
17 13 11 18 11 20 44 2 14 9 9 7 8 15 22 3 0 0 1 2 2 6 3 2 1 0 2 4 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
HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $1,507,500 2 2 1 15 7% 1,500 - 1,999 $1,837,500 3 2 10 65 15% 2,000 - 2,499 $2,177,500 3 3 8 42 19% 2,500 - 2,999 $1,945,000 3 4 9 52 17% 3,000 - 3,499 $3,100,000 3 4 1 23 4% 3,500+ $8,750,000 4 5 3 23 13%
INVENTORY
SALES
Luxury Benchmark Price 1: $1,275,000 Balanced Market 220 Total Inventory: 32 Total Sales: 15% 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
LUXURY
VS.
| AUGUST 2023
NAPLES ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | AUGUST
TOTAL INVENTORY TOTAL SOLDS
71 % 129 220
SALE PRICE PER SQFT.
VARIANCE: 2 % $934 $952
- 9 % 35 32
SALE TO LIST PRICE RATIO
VARIANCE: 2 % 95.24% 96.75%
SALES PRICE
$1.80m $2.03m
13 %
DAYS ON MARKET
26 38
VARIANCE: 46 %
NAPLES MARKET SUMMARY | AUGUST 2023
• The Naples attached luxury market is a Balanced Market with a 15% Sales Ratio.
• Homes sold for a median of 96.75% of list price in August 2023.
• The most active price band is $2,000,000-$2,099,999, where the sales ratio is 150%
• The median luxury sales price for attached homes is $2,025,000.
• The median days on market for August 2023 was 38 days, up from 26 in August 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.
129 143 142 158 174 234 273 281 299 294 255 231 220 35 29 29 31 42 137 49 78 84 82 50 29 32 $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 $2,025,000 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Solds Sale Price Inventory
VARIANCE:
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Aug. 2022 Aug. 2023 Aug. 2022 Aug. 2023 Aug. 2022 Aug. 2023 Aug. 2022 Aug. 2023 Aug. 2022 Aug. 2023 Aug. 2022 Aug. 2023
