Naples & Bonita Springs Luxury Properties Market Report (April 2023) by Marybeth Brooks

239.272.6867 800 Seagate Drive, Suite 101 Naples, Florida 34103 marybeth@marybethbrooks.com marybethbrooks.com Broker Associate, Licensed in FL and NC NAPLES BONITA SPRINGS APRIL 2023 LUXURY PROPERTIES MARKET REPORT

NAPLES & BONITA SPRINGS

Single-Family Properties

CLOSED SALES

• The number of closed sales in the 12 months ending April 30, 2023 for the Naples and Bonita Springs Area decreased 27% year-over-year (6,574 vs 9,049).

• There were 59 closed sales priced above two million in April 2023 compared to 106 in April 2022; a 44% decrease. During the 12 months ending April 30, 2023, sales in this category decreased 13% over the same time period in 2022 (755 vs 869 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending April 30, 2023, a total of 9,478 new listings were added to the market, this is a 5% decrease vs the same time period 12 months ending April 30, 2022.

• Available inventory as of April 30, 2023 consisted of 3,172 units, an increase of 19% vs the same time period in 2022. Current inventory represents 5 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $1,160,384, a 11% increase vs the same time period in 2022.

• The median sales price for the area in April 2023 decreased 1% to $725,000 vs April 2022.

*Source of this market data: Southwest Florida MLS © 2023. 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.

NAPLES & BONITA SPRINGS

Condominiums

CLOSED SALES

• The number of closed sales in the 12 months ending April 30, 2023 for the Naples and Bonita Springs Area decreased 31% year-over-year (5,065 vs 7,331).

• There were 48 closed sales priced above two million in April 2023 compared to 48 in April 2022, resulting in no change. During the 12 months ending April 30, 2023, sales in this category increased 28% over the same time period in 2022 (454 vs 354 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending April 30, 2023, a total of 6,569 new listings were added to the market, a 12% decrease vs the same time period 12 months ending April 30, 2022.

• Available inventory as of April 30, 2023 consisted of 2,356 units, an increase of 23% vs the same time period in 2022. Current inventory represents 4 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $796,886, a 26% increase vs the same time period in 2022.

• The median sales price for the area in April 2023 increased 12% to $523,000 vs April 2022.

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PORT ROYAL to BONITA BEACH ROAD AREA

Single-Family Properties

LUXURY MARKET $1M+ (WEST OF 41)

CLOSED SALES

• The number of closed sales in the 12 months ending April 30, 2023 for the luxury market from Port Royal to Bonita Beach Road Area decreased 23% year-over-year (396 vs 513).

NEW LISTINGS / INVENTORY

• During the 12 months ending April 30, 2023, a total of 851 new listings were added to the market, an increase of 35% compared to the same time period 12 months ending April 30, 2022.

• Available inventory as of April 30, 2023 consisted of 461 units, a 58% increase vs the same time period in 2022 (461 vs 291). Current inventory represents 19 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $4,759,227 a decrease of 12% vs the same time period in 2022.

• The median sales price for the area in April 2023 decreased 15% to $2,875,000 vs April 2022.

PORT ROYAL to BONITA BEACH ROAD AREA

Condominiums

LUXURY MARKET $1M+ (WEST OF 41)

CLOSED SALES

• The number of closed sales in the 12 months ending April 30, 2023 for the luxury market from Port Royal to Bonita Beach Road Area decreased 8% year-over-year (646 vs 704).

NEW LISTINGS / INVENTORY

• During the 12 months ending April 30, 2023, a total of 899 new listings were added to the market, an increase of 21% vs the same time period 12 months ending April 30, 2022.

• Available inventory as of April 30, 2023 consisted of 404 units, a 55% increase vs the same time period in 2022 (404 vs 260). Current inventory represents 6 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $2,525,834, increasing 4% vs the same time period in 2022.

• The median sales price for the area in April 2023 increased 0.2% to $1,865,000 vs April 2022.

NAPLES & BONITA SPRINGS

YEAR-OVER-YEAR MARKET TRENDS

Single-Family Properties Average Sales Price New Listings Closed Units

Condominium Properties Average Sales Price New Listings Closed Units 10,400 9,758 10,767 10,025 9,478 6,283 7,136 10,112 9,049 6,574 $701,749 $676,128 $867,107 $1,046,844 $1,160,384 2019 2020 2021 2022 2023 8,301 7,408 9,028 7,456 6,569 5,197 5,447 8,071 7,331 5,065 $422,989 $438,032 $511,787 $631,401 $796,886 2019 2020 2021 2022 2023

YEAR-OVER-YEAR MARKET TRENDS

PORT ROYAL to BONITA BEACH ROAD AREA

Average Sales Price New Listings Closed Units Average Sales Price New Listings Closed Units *Source of this market data: Southwest Florida MLS © 2023. 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.

YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties YEAR-OVER-YEAR MARKET TRENDS Condominium Properties 656 612 755 629 851 372 371 698 513 396 $3,757,023 $3,613,678 $4,092,998 $5,382,366 $4,759,227 2019 2020 2021 2022 2023 621 591 900 744 899 332 376 763 704 646 $2,055,365 $2,104,792 $2,148,824 $2,430,589 $2,525,834 2019 2020 2021 2022 2023

In U.S. Home Sales

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COMMUNITY SNAPSHOT REPORT

Single-Family Properties

Neighborhood Active Listings Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change Aqualane Shores 31 158% 13 -62% 9.5 375% $7,938,462 7% Bonita Bay 14 367% 37 -44% 2.3 156% $2,175,493 18% Collier’s Reserve 1 -50% 14 75% 1.8 800% $2,423,214 34% Grey Oaks 12 71% 37 -18% 3.4 278% $4,233,432 9% Isles of Collier Preserve 25 257% 40 -26% 5.6 700% $2,269,573 31% Kensington 3 200% 20 25% 1.2 200% $1,575,033 34% Lely Resort 17 -11% 100 -29% 3.0 400% $1,409,714 39% Mediterra 14 100% 37 -32% 3.9 333% $3,778,554 34% Monterey 5 - 18 -25% 2.2 633% $1,411,722 23% Naples Park 97 80% 139 -47% 5.3 308% $1,080,846 38% Naples Reserve 18 80% 55 -38% 3.5 400% $1,344,587 32% Olde Naples 47 114% 51 -25% 6.4 178% $7,892,294 29% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 77 108% 88 -17% 7.8 239% $3,721,838 6% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 33 106% 26 -35% 10.6 172% $4,397,385 -27% Pelican Bay 25 178% 30 -49% 3.8 192% $4,184,905 3% Pelican Landing 6 200% 49 0% 1.7 325% $1,385,668 23% Pelican Marsh 8 300% 34 -43% 2.4 500% $1,863,779 -3% Pine Ridge 29 61% 27 -13% 7.0 180% $5,588,259 44% Port Royal 36 350% 19 -35% 8.3 337% $19,209,846 10% Quail Creek 8 33% 23 -38% 3.1 182% $2,212,774 18% Quail West 19 280% 32 -40% 4.1 356% $4,318,133 28% Royal Harbor 16 14% 21 -28% 6.8 152% $4,343,025 -5% The Colony At Pelican Landing 1 - 9 -18% 0.5 67% $2,387,778 33% Tiburon 5 150% 8 -33% 2.1 200% $3,212,625 14% Vanderbilt Beach 30 275% 22 -19% 8.7 358% $4,083,664 18% Vineyards 4 -43% 63 -13% 2.2 144% $1,361,592 45%

Condominiums Neighborhood Active Listings Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change Bonita Bay 41 242% 123 -25% 2.2 120% $1,899,091 63% Grey Oaks 0 -100% 15 7% 0.5 25% $2,062,933 53% Isles of Collier Preserve 15 88% 40 11% 2.8 460% $924,500 10% Kensington 3 50% 18 6% 1.3 160% $818,389 38% Lely Resort 38 171% 121 -50% 2.1 200% $573,472 32% Mediterra 4 -20% 14 -44% 1.8 200% $1,576,429 67% Olde Naples 42 110% 112 -31% 3.5 94% $1,762,973 55% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 45 650% 75 -38% 3.6 350% $723,122 26% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 122 205% 214 -37% 3.2 256% $2,271,190 12% Pelican Bay 80 264% 238 -39% 2.4 300% $1,897,031 14% Pelican Landing 9 200% 54 -22% 1.4 367% $583,896 19% Pelican Marsh 6 200% 56 -37% 1.3 225% $815,721 36% The Dunes of Naples 15 1400% 21 -51% 3.7 429% $2,051,000 40% Tiburon 7 75% 24 -44% 2.2 1000% $1,533,583 44% Vanderbilt Beach 52 333% 50 -70% 3.8 246% $1,498,948 6% Vineyards 16 78% 97 -33% 1.8 260% $657,322 29%

SNAPSHOT REPORT

SOUTHWEST FLORIDA COMMUNITY GUIDE

- City of Naples

- North Naples (North of Pine Ridge Road)

- South Naples (South of Pine Ridge Road)

- Bonita Springs

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

18 holes

27 holes

36 holes

54 holes 90 holes

Dominant price less than $1M

Dominant price $1M to $2M

Dominant price over $2M

$ $$ $$$

$$$

$$ $$

$$ $$$

MONTEREY North Naples

& COQUINA SANDS City of Naples

MEDITERRA North Naples

MOORINGS

GOLF COURSE KEY

PRICE RANGE

$$$

Neighborhood Golf Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium *Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.

Neighborhood Golf Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium NAPLES PARK North Naples NAPLES RESERVE South Naples 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 $$ $$$ $$$ $$$ $ $$$ $$ $$$ $$$ $$$ $$ $$ $ $ 36 $$$ 27 $$$ $$$ 36 18 36 36 36 18 *Source of this market data: Southwest Florida MLS © 2023. 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.

*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.

NY RI CT MA VT NH ME #1 Independent Luxury Broker, in Florida and the Northeast1 #1 Luxury Broker by Luxury Portfolio International | 2018 #1 Luxury Lifestyle Award Winner | 20222 #1 Overall Winner of HGTV’s 2022 Ultimate House Hunt #1 Average Sales Price in Naples, FL3 #1 Market Share in Port Royal and Grey Oaks4 Number One Luxury Broker

1/1/2022

12/13/2022. 4.

REALTORS®

1/1/2022 - 1/1/2023. Non-MLS

not included in these tabulations. FL

1. William Raveis is the largest independent brokerage by total sales volume ($21.5 billion) according to RISMedia, 2021. 2. Winner of Best Luxury Real Estate Agency Award in FL, CT & MA in 2022 by Luxury Lifestyle Awards. 3. William Raveis has the highest average sales price per property of the five largest brokerages in the Naples Area according to the Naples Area Board of REALTORS® for the time period - According to the Naples Area Board of for

the

time period

listings are