CLHMS TM 2024 MARCH
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NAPLES FLORIDA
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 NA NA NA 0 25 0% 2,000 - 2,999 $4,500,000 4 3 6 102 6% 3,000 - 3,999 $3,275,000 4 4 13 195 7% 4,000 - 4,999 $5,100,000 4 6 8 145 6% 5,000 - 5,999 $5,120,000 5 5 8 87 9% 6,000+ $12,400,000 5 7 5 125 4% NAPLES SINGLE - FAMILY HOMES 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 12%; Balanced >= 12 to < 21%; Seller's >= 21%. If >100% MLS® data reported previous month’s sales exceeded current inventory. 43 31 79 29 32 29 55 53 70 57 67 57 33 20 24 1 1 2 0 2 2 2 6 6 2 9 4 2 0 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
INVENTORY VS. SALES
Buyer's Market Total Inventory: 679 Total Sales: 40 Total Sales Ratio2 : 6% Luxury Benchmark Price 1: $2,400,000
LUXURY
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MEDIAN DATA REVIEW | FEBRUARY 13 - MONTH LUXURY MARKET TREND 4 Solds Median Sales Price Inventory 458 494 481 441 393 371 358 384 451 510 532 604 679 41 61 44 67 47 33 37 34 26 19 42 32 40 $4,500,000 $3,405,770 $3,325,000 $4,450,000 $3,935,000 $3,400,000 $3,650,000 $3,982,463 $3,150,000 $3,349,000 $3,747,268 $3,350,000 $4,175,000 $4,175,000 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24
Square foot table does not account for listings and solds where square foot data is not disclosed.
Data reported includes Active and Sold properties and does not include Pending properties.
The single-family luxury market is a Buyer's Market with a 6% Sales Ratio.
Homes sold for a median of 94.79% of list price in February 2024.
The most active price band is $3,000,000-$3,499,999, where the sales ratio is 13%
The median luxury sales price for single-family homes is $4,175,000.
The median days on market for February 2024 was 66 days,
2023. NAPLES SINGLE - FAMILY HOMES NAPLES MARKET SUMMARY | FEBRUARY 2024 VARIANCE: 48 % 458 679 Feb. 2023 Feb. 2024 TOTAL INVENTORY VARIANCE: - 2 % 41 40 TOTAL SOLDS VARIANCE: - 7 % $4.50m $4.18m SALES PRICE VARIANCE: 50 % 44 66 DAYS ON MARKET VARIANCE: 0 % 95.03% 94.79% SALE TO LIST PRICE RATIO VARIANCE: - 17 % $1,247 $1,032 SALE PRICE PER SQFT. Feb. 2023 Feb. 2024 Feb. 2023 Feb. 2024 Feb. 2023 Feb. 2024 Feb. 2023 Feb. 2024 Feb. 2023 Feb. 2024 Luxury Benchmark Price 1: $2,400,000
February
ATTACHED HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 NA NA NA 0 47 0% 1,500 - 1,999 $1,550,000 2 2 8 153 5% 2,000 - 2,499 $2,165,000 3 3 10 112 9% 2,500 - 2,999 $2,612,500 3 4 8 125 6% 3,000 - 3,499 $3,575,000 4 4 6 72 8% 3,500+ $4,450,000 4 4 7 54 13% 69 9 19 40 44 55 119 10 25 27 19 30 22 24 51 6 1 5 1 0 4 8 0 0 4 0 2 2 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
- $1,699,999
- $1,599,999 $1,400,000 - $1,499,999 $1,275,000 - $1,399,999
INVENTORY VS. SALES | FEBRUARY 2024 Inventory Sales Luxury Benchmark Price 1: $1,275,000 Buyer's Market Total Inventory: 563 Total Sales: 39 Total Sales Ratio2 : 7%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 12%; Balanced >= 12 to < 21%; Seller's >= 21%. If >100% MLS® data reported previous month’s sales exceeded current inventory.
NAPLES
$1,600,000
$1,500,000
LUXURY
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273 281 299 294 255 231 220 255 354 401 401 511 563 49 78 84 82 50 29 32 28 35 33 45 34 39 $2,195,000 $2,000,000 $2,030,000 $2,100,000 $2,150,000 $1,850,000 $2,025,000 $1,940,000 $1,800,000 $2,470,000 $2,295,000 $2,050,000 $2,400,000 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 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: 106 % 273 563 VARIANCE: - 20 % 49 39 VARIANCE: 9 % $2.20m $2.40m SALES PRICE VARIANCE: 28 % 32 41 DAYS ON MARKET VARIANCE: - 1 % 96.51% 95.65% SALE TO LIST PRICE RATIO VARIANCE: - 9 % $1,067 $971 SALE PRICE PER SQFT. NAPLES MARKET SUMMARY | FEBRUARY 2024 NAPLES ATTACHED HOMES • The attached luxury market is a Buyer's Market with a 7% Sales Ratio. • Homes sold for a median of 95.65% of list price in February 2024. • The most active price band is $4,100,000-$4,599,999, where the sales ratio is 26% • The median luxury sales price for attached homes is $2,400,000. • The median days on market for February 2024 was 41 days, up from 32 in February 2023. Feb. 2023 Feb. 2024 Feb. 2023 Feb. 2024 Feb. 2023 Feb. 2024 Feb. 2023 Feb. 2024 Feb. 2023 Feb. 2024 Feb. 2023 Feb. 2024 MEDIAN DATA REVIEW | FEBRUARY TOTAL INVENTORY TOTAL SOLDS Luxury Benchmark Price 1: $1,275,000 13 - MONTH LUXURY MARKET TREND 4 Solds Median Sales Price Inventory