MANAGED BY BY MANAGED
DECEMBER 2020 LUXURY PROPERTIES MARKET REPORT RE EA AL L E ES ST TA AT TE E R
Naples | Bonita Springs
Kevin L. Fuller PA 239-331-1911 Kevin.Fuller@Raveis.com
NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending December 31, 2020 for the Naples and Bonita Springs Area increased 26% year-over-year (8,579 vs 6,832).
•
There were 101 closed sales, priced above two million, in December 2020 compared to 35 in December 2019, a 189% increase. During the 12 months ending December 31, 2020, sales in this category increased 68% over the same time period in 2019 (627 vs 373).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31, 2020, a total of 10,296 new listings were added to the market, remaining relatively the same with an increase of 1% vs the same time period 12 months ending December 31, 2019.
•
Available inventory as of December 31, 2020 consisted of 3,075 units, a decrease of 30% vs the same time period in 2019. Current inventory represents 3.4 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $774,651 a 13% increase vs the same time period in 2019.
•
The median sales price for the area in December 2020 increased 21% to $498,623 vs December 2019.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending December 31, 2020 for the Naples and Bonita Springs Area increased 13% year-over-year (6,128 vs 5,421).
•
There were 26 closed sales priced above two million compared to 7 in December 2019, a 271% increase. During the 12 months ending December 31, 2020, sales in this category increased 67% vs the same time period in 2019 (235 vs 141 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31, 2020, a total of 8,273 new listings were added to the market, a 3% increase vs the same time period 12 months ending December 31, 2019.
•
Available inventory as of December 31, 2020 consisted of 2,948 units, a decrease of 16% vs the same time period in 2019. Current inventory represents 4.2 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $493,606 an increase of 15% vs the same time period in 2019.
•
The median sales price for the area in December 2020 increased 16% to $299,000 vs December 2019.
* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
LUXURY MARKET $1M+ (WEST OF 41) PORT ROYAL TO BONITA BEACH ROAD AREA – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending December 31, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 43% year-over-year (535 vs 373).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31, 2020, a total of 699 new listings were added to the market, an increase of 11% compared to the same time period 12 months ending December 31, 2019.
•
Available inventory as of December 31, 2020 consisted of 284 units, a decrease of 25% vs the same time period in 2019 (284 vs 377). Current inventory represents 3.6 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $3,690,987, a decrease of 3% vs the same time period in 2019.
•
The median sales price for the area in December 2020 increased 71% to $3,850,000 vs December 2019.
LUXURY MARKET $1M+ (WEST OF 41) PORT ROYAL TO BONITA BEACH ROAD AREA - CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending December 31, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 52% year-over-year (557 vs 367).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31, 2020, a total of 782 new listings were added to the market, an increase of 26% vs the same time period 12 months ending December 31, 2019.
•
Available inventory as of December 31, 2020 consisted of 308 units, an 18% decrease vs the same time period in 2019. Current inventory represents 4.2 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,121,623, increasing 2% vs the same time period in 2019.
•
The median sales price for the area in December 2020 increased 4% to $1,620,000 vs December 2019.
* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
New Listings | Closed Units 12 Month Comparisons Naples and Bonita Springs - Single Family Properties 12,000
New Listings
10,000
2016 ---------------- 10,307 2017 ---------------- 9,483 2018 ---------------- 10,442 2019 ---------------- 10,183 2020 --------------- 10,296
8,000
6,000
Closed Units
4,000
2016 ---------------- 5,830 2017 ---------------- 6,081 2018 ----------------- 6,273 2019 ---------------- 6,832 2020 --------------- 8,579
2,000
0 2016
2017
2018
2019
2020
Naples and Bonita Springs - Condominiums 10,000
New Listings 2016 ----------------- 8,312 2017 ----------------- 7,844 2018 ----------------- 8,459 2019 ----------------- 8,001 2020 ----------------- 8,273
8,000
6,000
Closed Units
4,000
2016 ----------------- 4,761 2017 ----------------- 4,838 2018 ----------------- 5,285 2019 ----------------- 5,421 2020 ----------------- 6,128
2,000
0 2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Average Sales Price 12 Month Comparisons Naples and Bonita Springs - Single Family Properties $800,000
$775K
$700,000
$699K $600,000
$635K
$654K
$687K
$500,000 $400,000 $300,000 $200,000
2016
2017
2018
2019
2020
Naples and Bonita Springs - Condominiums $500,000
$494K $445K
$400,000
$430K $399K
$411K
$300,000
$200,000
$100,000
0
2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
New Listings | Closed Units 12 Month Comparisons Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Single Family Properties $1M+ 800
New Listings
700
2016 ---------------- 697 2017 ---------------- 601 2018 ---------------- 651 2019 ---------------- 631 2020 --------------- 699
600 500 400
Closed Units
300
2016 ---------------- 287 2017 ---------------- 325 2018 ----------------- 356 2019 ---------------- 373 2020 --------------- 535
200
0
2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+ New Listings
800
2016 ---------------- 589 2017 ---------------- 589 2018 ---------------- 642 2019 ---------------- 623 2020 --------------- 782
700 600 500 400
Closed Units 2016 ---------------- 283 2017 ---------------- 335 2018 ----------------- 436 2019 ---------------- 367 2020 --------------- 557
300 200
0
2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Average Sales Price 12 Month Comparisons Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Single Family Properties ($1M+) $4,500,000
$4,000,000
$3,500,000
$3.786M $3.590M
$3,000,000
$3.284M
$3.223M
2016
2017
$3.691M
$2,500,000
$2,000,000
$1,500,000 0 2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$1.997M $1,500,000
$1.911M
$1.977M
$2.077M
$2.122M
2019
2020
$1,000,000
$500,000
0
2016
2017
2018
* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Neighborhood Snapshot Report Single Family Properties
Monthly Snapshot as of December 31, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
19
-35%
42
+147%
9.9
-15%
$5,072,621
+3%
Bonita Bay
24
-27%
62
-9%
6.4
-2%
$1,430,201
+38%
Collier’s Reserve
4
-60%
17
no change
5.8
-44%
$1,591,000
+13%
Grey Oaks
13
-74%
73
+74%
8.5
-45%
$2,446,550
-11%
Isles of Collier Preserve
8
-56%
59
+28%
5.6
-8%
$1,094,760
+16%
Kensington
2
-78%
13
-28%
3.8
-38%
$824,262
-1%
Lely Resort
26
-72%
142
+28%
9.3
-18%
$683,224
+12%
Mediterra
28
-56%
61
+36%
10.6
-29%
$1,958,326
-19%
Monterey
6
-40%
20
-13%
4.2
-30%
$767,625
-5%
Naples Park
28
-61%
199
+24%
4.9
-35%
$490,137
+11%
Naples Reserve
12
-82%
136
+58%
5.5
-35%
$571,844
+13%
Olde Naples
33
-48%
95
+23%
8.7
-35%
$4,237,916
+5%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
40
-49%
146
+28%
8.7
-24%
$2,193,550
+5%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
11
-48%
40
+18%
6.5
-38%
$3,990,251
+13%
Pelican Bay
21
-54%
69
+47%
8.4
-25%
$3,107,209
+20%
Pelican Landing
10
-72%
59
-3%
7.4
-14%
$784,153
+1%
Pelican Marsh
14
-59%
63
+31%
6.5
-36%
$1,122,478
+15%
Pine Ridge
17
-62%
55
+104%
10.5
+10%
$2,261,118
+21%
Port Royal
25
-49%
46
+21%
13.2
-14%
$9,294,565
-1%
Quail Creek
6
-65%
26
+18%
5.4
-31%
$1,227,096
+9%
Quail West
12
-77%
77
+48%
8.7
-32%
$2,173,501
+20%
Royal Harbor
11
-68%
55
+96%
9.5
-22%
$2,620,964
+21%
The Colony At Pelican Landing
7
-50%
14
+100%
11.3
-19%
$1,543,929
-11%
Tiburon
3
-63%
18
+80%
4.5
+22%
$1,884,389
+48%
Vanderbilt Beach
8
-72%
45
+41%
8.9
-34%
$2,004,563
+8%
Vineyards
6
-85%
84
+22%
6.1
-28%
$706,040
+6%
* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Neighborhood Snapshot Report Condominiums
Monthly Snapshot as of December 31, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % 12 MONTHS CHANGE
MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE
% CHANGE
Bonita Bay
57
-42%
140
+12%
8.0
-4%
$780,369
+7%
Grey Oaks
4
no change
9
-36%
2.6
-48%
$1,043,100
+19%
Isles of Collier Preserve
9
-61%
45
+45%
5.5
-35%
$525,888
+5%
Kensington
16
+14%
19
+27%
12.5
+129%
$436,205
-6%
Lely Resort
58
-48%
183
-5%
6.2
-38%
$308,556
-2%
9
-53%
18
+20%
11.4
-1%
$577,806
-1%
Olde Naples
64
-31%
129
+9%
8.7
-23%
$970,444
-8%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
34
-35%
96
+39%
8.4
no change
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
115
-35%
349
+14%
9.1
Pelican Bay
115
-43%
329
+31%
Pelican Landing
26
-37%
98
Pelican Marsh
17
-68%
Pine Ridge
3
The Dunes of Naples
Mediterra
$451,718
+14%
-3%
$1,428,153
+11%
8.0
-16%
$1,203,973
-19%
+9%
5.5
-25%
$348,072
+8%
95
+6%
6.2
-30%
$404,449
+10%
-67%
22
+38%
3.9
-46%
$212,705
-5%
12
-57%
91
+15%
6.0
+100%
$1,129,718
-1%
Tiburon
16
-6%
38
-12%
7.2
+22%
$763,309
+1%
Vanderbilt Beach
47
-45%
104
+6%
10.0
-22%
$996,800
+19%
Vineyards
32
-51%
128
-2%
5.4
-37%
$362,984
+1%
* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Neighborhood Guide LOCATIONS:
HOME STYLE:
City of Naples North Naples (North of Pine Ridge Rd.) South Naples (South of Pine Ridge Rd.) Marco Area
GOLF COURSES |
18 holes
PRICE RANGE:
| Single Family Home
| Dominant price less than $500,000
| Condominium
| Dominant price $500,000 - $1,000,000 | Dominant price over $1,000,000
27 holes
36 holes
54 holes
90 holes
BOATING | Many properties are boating oriented (have a dock or there is a community dock/marina) GATED | May or may not be manned by a security guard
COMMUNITY
HOME STYLE
GOLF COURSE
BOATING COMMUNITY
CLUB HOUSE
TENNIS
GATED
PRICE RANGE
AQUALANE SHORES City of Naples
BONITA BAY Bonita Springs
COLLIER’S RESERVE North Naples
GREY OAKS
South Naples & City of Naples
ISLE OF COLLIER PRESERVE South Naples
KENSINGTON South Naples
LELY RESORT South Naples
MEDITERRA North Naples
MONTEREY North Naples
MOORINGS & COQUINA SANDS City of Naples
NAPLES PARK North Naples
NAPLES RESERVE South Naples
* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Neighborhood Guide COMMUNITY
HOME STYLE
GOLF COURSE
BOATING COMMUNITY
CLUB HOUSE
TENNIS
GATED
PRICE RANGE
OLD NAPLES City of Naples
PARK SHORE City of Naples
PELICAN BAY North Naples
PELICAN LANDING Bonita Springs
PELICAN MARSH North Naples
PINE RIDGE North Naples
PORT ROYAL City of Naples
QUAIL CREEK North Naples
QUAIL WEST North Naples
ROYAL HARBOR City of Naples
THE COLONY AT PELICAN LANDING Bonita Springs
THE DUNES OF NAPLES North Naples
TIBURON GOLF CLUB North Naples
VANDERBILT BEACH AREA North Naples
VINEYARDS North Naples
* The source of this market data is the Southwest Florida MLS, Copyright 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
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