APRIL 2020 LUXURY PROPERTIES MARKET REPORT Naples / Bonita Springs / Estero
NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending April 30, 2020 for the Naples, Bonita Springs and Estero Area increased 12% year-over-year (7,875 vs 7,057).
•
There were 28 closed sales, priced above two million, in April 2020 compared to 59 in April 2019 a 53% decrease. During the 12 months ending April 30, 2020, sales in this category increased 4% over the same time period in 2019 (413 vs 398).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2020, a total of 10,746 new listings were added to the market, this is an 8% decrease vs the same time period 12 months ending April 30, 2019.
•
Available inventory as of April 30, 2020 consisted of 4,703 units, a decrease of 23% vs the same time period in 2019. Current inventory represents 7 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $650,162, a decrease of 3% vs the same time period in 2019.
•
The median sales price for the area increased 3% to $413,279 vs 2019.
NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending April 30, 2020 for the Naples, Bonita Springs and Estero Area increased 4% year-over-year (6,022 vs 5,807).
•
There were 7 closed sales priced above two million compared to 26 in April 30, 2019, a 73% decrease. During the 12 months ending April 30, 2020, sales in this category increased 10% vs the same time period in 2019 (159 vs 144 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2020, a total of 8,042 new listings were added to the market, a 12% decrease vs the same time period 12 months ending April 30, 2019.
•
Available inventory as of April 30, 2020 consisted of 3,636 units, a decrease of 27% vs the same time period in 2019. Current inventory represents 7 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $416,728, an increase of 3% vs the same time period in 2019.
•
The median sales price for the area increased 2% to $260,000 vs 2019.
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 April 30, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 2% year-over-year (384 vs 375).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2020, a total of 612 new listings were added to the market, this is an 8% decrease compared to the same time period 12 months ending April 30, 2019.
•
Available inventory as of April 30, 2020 consisted of 410 units, a decrease of 18% vs the same time period in 2019. Current inventory represents 17 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $3,483,453, which decreased 15% vs the same time period in 2019.
•
The median sales price for the area decreased 17% to $2,165,000 vs 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 April 30, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 13% year-over-year (391 vs 347).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2020, a total of 605 new listings were added to the market, a decrease of 5% vs the same time period 12 months ending April 30, 2019.
•
Available inventory as of April 30, 2020 consisted of 351 units, a 22% decrease vs the same time period in 2019. Current inventory represents 15 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,030,868, remaining relatively the same with an increase of 1% vs the same time period in 2019.
•
The median sales price for the area decreased 21% to $1,437,500 vs 2019.
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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, Bonita Springs and Estero - Single Family Properties 12,000
New Listings
10,000
2016 ---------------- 11,290 2017 ---------------- 11,394 2018 ---------------- 10,895 2019 ---------------- 11,650 2020 --------------- 10,748
8,000
6,000
Closed Units
4,000
2016 ---------------- 6,802 2017 ---------------- 6,830 2018 ----------------- 6,847 2019 ---------------- 7,057 2020 --------------- 7,877
2,000
0 2016
2017
2018
2019
2020
Naples, Bonita Springs and Estero - Condominiums 10,000
New Listings 2016 ----------------- 8,778 2017 ----------------- 9,017 2018 ----------------- 8,893 2019 ----------------- 9,131 2020 ----------------- 8,043
8,000
6,000
Closed Units
4,000
2016 ----------------- 5,765 2017 ----------------- 5,425 2018 ----------------- 5,601 2019 ----------------- 5,807 2020 ----------------- 6,022
2,000
0 2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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, Bonita Springs and Estero - Single Family Properties $800,000 $700,000 $600,000
$644K
$500,000
$652K
$673K
$650K
$604K
$400,000 $300,000 $200,000
2016
$500,000
2017
2018
2019
2020
Naples, Bonita Springs and Estero - Condominiums
$400,000
$420K $380K
$405K
$386K
$417K
$300,000
$200,000
$100,000
0
2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 2016 -----------------2017 -----------------2018 -----------------2019 -----------------2020 ------------------
700 600
685 660 631 665 612
500 400
Closed Units 300
2016 ------------------ 343 2017 ------------------ 312 2018 ------------------ 336 2019 ------------------ 375 2020 ------------------ 384
200
0
700
2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+
600
New Listings
500
2016 ------------------ 566 2017 ------------------ 577 2018 ------------------ 642 2019 ------------------ 636 2020 ------------------ 605
400
300
Closed Units 2016 ------------------ 325 2017 ------------------ 295 2018 ------------------ 471 2019 ------------------ 347 2020 ------------------ 391
200
100
2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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
$3,000,000
$3.734M $3.348M
$3.483M $3.248M $3.111M
$2,500,000
$2,000,000
$1,500,000 0 2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$1.948M
$1.952M
$1.859M
2016
2017
2018
$2.012M
$2.031M
2019
2020
$1,500,000
$1,000,000
$500,000
0
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 Naples, Bonita Springs and Estero Market Area
Single Family Properties Monthly Snapshot as of April 30, 2020
ACTIVE LISTINGS
Aqualane Shores
25 | -10.7%
Audubon Barefoot Beach
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
22 | -4.3%
12.3 | -3.9%
$5,523,818 | +17.5%
34 | +17.2%
21 | -22.2%
18.3 | +45.2%
21 | 0.0%
16 | -20.0%
7.7 | -31.9%
$3,455,938 | -31.5%
Bonita Bay
24 | +71.4%
20 | +53.8%
13.0 | +91.2%
$2,488,075 | -26.8%
The Brooks
3 | -62.5%
12 | +50.0%
2.5 | -53.7%
$464,735 | -0.6% $1,461,327 | +20.1%
$1,149,976 | +17.2%
Colliers Reserve
14 | -6.7%
15 | -6.3%
9.4 | +22.1%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
87 | -9.4%
112 | +10.9%
9.4 | -13.8%
$2,045,039 | -1.5%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
25 | -7.4%
36 | +24.1%
8.8 | +2.3%
$3,467,104 | -0.3%
8 | -52.9%
3.8 | +2.7%
$696,875 | -6.2%
46 | +15.0%
13.7 | +17.1%
$2,553,329 | +12.6%
13 | -23.5%
5.1 | -21.5%
$825,846 | -16.6%
119 | +26.6%
10.4 | -10.3%
$664,025 | +5.9%
Crossings
6 | -14.3%
Grey Oaks
50 | 0.0%
Kensington
10 | -28.6%
Lely Resort
90 | -15.1%
Mediterra
58 | +3.6%
41 | -8.9%
13.1 | -18.1%
$2,263,703 | -1.1%
Monterey
12 | -33.3%
24 | -4.0%
5.1 | -13.6%
$747,641 | -7.4%
Olde Naples
68 | -26.9%
68 | -26.9%
10.8 | -39.3%
$3,825,423 | -5.7%
Palmira Golf & Country Club
23 | -20.7%
49 | +58.1%
6.9 | -22.5%
$591,990 | +4.2%
Pelican Bay
44 | +4.8%
51 | -7.3%
10.4 | +13.0%
$2,444,658 | -13.0%
Pelican Landing
36 | -10.0%
56 | +5.7%
7.2 | -35.7%
$765,105 | -5.1%
The Colony At Pelican Landing
13 | 0.0%
8 | +33.3%
12.9 | 0.0%
$1,583,000 | -8.8%
Pelican Marsh
36 | +5.9%
54 | +50.0%
9.3 | +1.1%
$1,018,005 | -17.3%
Pelican Sound
1 | 0.0%
7 | -22.2%
1.0 | +25.0%
$691,429 | +16.4%
Pine Ridge
39 | +14.7%
34 | +3.0%
12.9 | +20.6%
$2,087,806 | +40.2%
Port Royal
48 | -7.7%
32 | -15.8%
14.5 | -8.8%
$10,168,320 | +8.2%
Quail Creek
15 | -37.5%
28 | +7.7%
Quail West
53 | -23.2%
50 | -21.9%
11.9 | -12.5%
$1,947,578 | +2.5%
Royal Harbor
32 | +14.3%
30 | +15.4%
11.3 | +13.0%
$2,368,033 | +11.8%
16 | +700.0%
3.6 | -37.9%
$1,563,688 | -40.5%
Tiburon
8 | -11.1%
6.4 | -40.2%
$1,088,711 | -1.9%
Vanderbilt Beach
33 | +10.0%
33 | +26.9%
11.9 | +2.6%
$1,763,101 | -7.1%
Vineyards
40 | -33.3%
64 | -14.7%
7.0 | -36.9%
$708,580 | +14.5%
22 | +10.0%
16 | -27.3%
11.9 | +54.5%
$1,151,415 | -6.8%
West Bay Club
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 Naples, Bonita Springs and Estero Market Area
Condominiums Monthly Snapshot as of April 30, 2020 Barefoot Beach Bonita Bay
ACTIVE LISTINGS
CLOSED PAST 12 MONTHS
7 | 0.0%
16 | -5.9%
85 | -6.6%
122 | -8.3%
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
3.3 | -31.3%
$1,666,094 | +6.3%
7.9 | -11.2%
$752,276 | -2.7%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
52 | 0.0%
75 | -19.4%
9.1 | +31.9%
$386,295 | -4.0%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
215 | -6.9%
294 | +1.0%
8.5 | -13.3%
$1,370,288 | +8.2%
The Dunes
23 | -52%
43 | +39%
11 | +83%
Grey Oaks Kensington Lely Resort Mediterra Monterey
$1,068,575 | -11%
5 | -50.0%
11 | -21.4%
3.5 | -44.4%
$813,273 | -24.0%
13 | -23.5%
11 | -59.3%
7.4 | -1.3%
$465,045 | +4.7%
191 | +24.0%
7.6 | -30.9%
$316,775 | +3.5%
15 | -11.8%
13.3 | +129.3%
$576,789 | +4.4%
0.8 | -38.5%
$300,000 | -6.9%
115 | -16.1% 19 | +58.3% 1 | 0.0%
2 | -33.3%
89 | -12.7%
127 | +27.0%
9.2 | -17.1%
$965,802 | -7.0%
15 | -6.3%
23 | +21.1%
7.2 | +5.9%
$325,603 | +1.2%
Pelican Bay
197 | +4.8%
276 | +4.9%
9.0 | +5.9%
$1,337,965 | +8.0%
Pelican Landing
38 | -20.8%
83 | +29.7%
5.3 | -45.4%
$343,197 | +6.0%
Pelican Marsh
52 | -11.9%
86 | +16.2%
7.4 | -16.9%
$366,411 | -6.7%
Olde Naples Palmira Golf & Country Club
Pelican Sound
7 | -76.7%
67 | +17.5%
1.3 | -76.4%
$299,100 | -5.0%
Pine Ridge
8 | -33.3%
19 | +58.3%
4.8 | -40.7%
$210,789 | +2.2%
21 | -22.2%
38 | -24.0%
6.2 | -22.5%
$790,122 | -1.1%
Tiburon Vanderbilt Beach
90 | -3.2%
100 | +7.5%
11.2 | -1.8%
$847,833 | -3.4%
Vineyards
73 | -34.2%
132 | +2.3%
6.8 | -38.2%
$342,055 | -9.7%
West Bay Club
10 | +11.1%
26 | +30.0%
4.5 | +32.4%
$478,173 | -21.1%
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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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