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MAY 2020 LUXURY PROPERTIES MARKET REPORT REAL ESTATE
Naples | Bonita Springs
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REAL ESTATE
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REAL ESTATE
NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending May 31, 2020 for the Naples and Bonita Springs Area increased 5% year-over-year (7,490 vs 7,171).
•
There were 16 closed sales, priced above two million, in May 2020 compared to 42 in May 2019, a 62% decrease. During the 12 months ending May 31, 2020, sales in this category remained relatively the same with an increase of 1% over the same time period in 2019 (387 vs 383).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2020, a total of 10,722 new listings were added to the market, this is an 8% decrease vs the same time period 12 months ending May 31, 2019.
•
Available inventory as of May 31, 2020 consisted of 4,638 units, a decrease of 19% vs the same time period in 2019. Current inventory represents 10 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $644,507, a decrease of 3% vs the same time period in 2019.
•
The median sales price for the area decreased 4% to $379,950 vs 2019.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending May 31, 2020 for the Naples and Bonita Springs Area decreased 5% year-over-year (5,609 vs 5,886).
•
There were 7 closed sales priced above two million compared to 26 in May 31, 2019, a 73% decrease. During the 12 months ending May 31, 2020, sales in this category decreased 3% vs the same time period in 2019 (141 vs 146 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2020, a total of 8,107 new listings were added to the market, an 11% decrease vs the same time period 12 months ending May 31, 2019.
•
Available inventory as of May 31, 2020 consisted of 3,618 units, a decrease of 18% vs the same time period in 2019. Current inventory represents 11 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $415,286, an increase of 2% vs the same time period in 2019.
•
The median sales price for the area remained relatively the same with an increase of less than 1% to $252,500 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.
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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 May 31, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 4% year-over-year (353 vs 368).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2020, a total of 626 new listings were added to the market, this is an 5% decrease compared to the same time period 12 months ending May 31, 2019.
•
Available inventory as of May 31, 2020 consisted of 410 units, a decrease of 10% vs the same time period in 2019. Current inventory represents 23 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $3,525,806, which decreased 5% vs the same time period in 2019.
•
The median sales price for the area increased 39% to $3,575,000 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 May 31, 2020 for the luxury market from Port Royal to Bonita Beach Road Area remained relatively the same with an increase of 1% year-overyear (356 vs 352).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2020, a total of 627 new listings were added to the market, remaining relatively the same with an increase of less than 1% vs the same time period 12 months ending May 31, 2019.
•
Available inventory as of May 31, 2020 consisted of 360 units, a 12% decrease vs the same time period in 2019. Current inventory represents 20 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,061,998, an increase of 2% vs the same time period in 2019.
•
The median sales price for the area decreased 5% to $1,652,500 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.
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New Listings | Closed Units 12 Month Comparisons Naples and Bonita Springs - Single Family Properties 12,000
New Listings
10,000
2016 ---------------- 11,405 2017 ---------------- 11,354 2018 ---------------- 10,882 2019 ---------------- 11,701 2020 --------------- 10,722
8,000
6,000
Closed Units
4,000
2016 ---------------- 6,709 2017 ---------------- 6,969 2018 ----------------- 6,857 2019 ---------------- 7,171 2020 --------------- 7,491
2,000
0 2016
2017
2018
2019
2020
Naples and Bonita Springs - Condominiums 10,000
New Listings 2016 ----------------- 8,901 2017 ----------------- 9,006 2018 ----------------- 8,917 2019 ----------------- 9,067 2020 ----------------- 8,107
8,000
6,000
Closed Units
4,000
2016 ----------------- 5,612 2017 ----------------- 5,558 2018 ----------------- 5,567 2019 ----------------- 5,886 2020 ----------------- 5,609
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.
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Average Sales Price 12 Month Comparisons Naples and Bonita Springs - Single Family Properties $800,000 $700,000 $600,000
$638K
$654K
$667K
$644K
$611K
$500,000 $400,000 $300,000 $200,000
2016
$500,000
2017
2018
2019
2020
Naples and Bonita Springs - Condominiums
$400,000
$377K
$393K
$416K
$405K
$415K
$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.
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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 ---------------- 685 2017 ---------------- 666 2018 ---------------- 621 2019 ---------------- 656 2020 --------------- 626
600 500 400
Closed Units
300
2016 ---------------- 342 2017 ---------------- 319 2018 ----------------- 342 2019 ---------------- 368 2020 --------------- 353
200
0
700
2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+ New Listings
600
2016 ---------------- 585 2017 ---------------- 570 2018 ---------------- 649 2019 ---------------- 626 2020 --------------- 627
500
400
300
Closed Units
200
2016 ---------------- 306 2017 ---------------- 334 2018 ----------------- 450 2019 ---------------- 352 2020 --------------- 356
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.
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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
$3.717M $3.526M
$3,000,000
$3.274M
$3.261M
2016
2017
$3.162M
$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
$1.947M
$1.963M
2016
2017
$1.878M
$2.018M
$2.062M
2019
2020
$1,500,000
$1,000,000
$500,000
0
2018
* 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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Neighborhood Snapshot Report Single Family Properties
Monthly Snapshot as of May 31, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
25
-11%
21
-9%
11.9
-7%
$5,288,048
+9%
Bonita Bay
32
-32%
57
-20%
5.8
-23%
$1,229,372
+22%
Collier’s Reserve
13
-13%
15
+15%
8.8
+7%
$1,469,660
+23%
Grey Oaks
48
-8%
46
+18%
13.1
+4%
$2,554,743
+16%
Isles of Collier Preserve
21
+5%
45
+25%
5.5
-32%
$981,263
+4%
Kensington
10
+29%
14
-7%
4.9
-25%
$788,636
-19%
Lely Resort
90
-14%
105
+9%
10.4
-11%
$660,056
+5%
Mediterra
57
0%
38
-17%
13.1
-16%
$2,235,838
+1%
Monterey
12
-29%
22
-12%
5
-17%
$765,631
-5%
Naples Park
72
-27%
145
+7%
5.8
-28%
$451,740
+9%
Naples Reserve
54
0%
89
+7%
7.4
-25%
$520,719
-3%
Olde Naples
67
26%
64
-14%
10.8
-38%
$3,889,555
-4%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
85
-12%
100
-3%
9.2
-17%
$2,082,142
+4%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
24
-14%
35
+40%
8.1
-13%
$3,664,021
+8%
Pelican Bay
43
0%
51
+2%
10.3
+10%
$2,447,010
-6%
Pelican Landing
35
-13%
46
-22%
7.3
-33%
$752,885
-5%
Pelican Marsh
35
+3%
58
+87%
8.5
-11%
$ 1,000,866
0%
Pine Ridge
39
+15%
33
-8%
13
+23%
$1,894,709
+13%
Port Royal
48
-9%
31
-16%
14.4
-10%
$9,680,000
+1%
Quail Creek
15
-35%
26
-10%
6.3
-37%
$1,038,419
-9%
Quail West
51
-26%
50
-19%
11.8
-12%
$1,955,978
+4%
Royal Harbor
31
+7%
27
+4%
11.1
+7%
$2,297,815
+11%
The Colony At Pelican Landing
13
0%
7
0%
12.8
-2%
$1,398,429
-26%
Tiburon
8
-11%
12
+100%
3.9
-26%
$1,674,583
-1%
Vanderbilt Beach
32
0%
29
+12%
11.7
-3%
$1,780,08
-6%
Vineyards
40
-32%
58
-17%
7.1
-33%
$693,563
+6%
* 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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Neighborhood Snapshot Report Condominiums
Monthly Snapshot as of May 31, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE $748,182
% CHANGE
Bonita Bay
85
-7%
110
-16%
7.9
-11%
-5%
Grey Oaks
5
-44%
9
-40%
3.3
-44%
$803,444
-24%
Isles of Collier Preserve
21
+17%
32
-33%
7.6
-15%
$521,700
+6%
Kensington
13
+19%
9
-65%
8.4
+24%
$478,944
+11%
Lely Resort
113
-18%
178
+13%
7.4
-33%
$312,519
+1%
Mediterra
20
+67%
13
-13%
13.6
+123%
$567,910
+1%
Olde Naples
88
-15%
115
+7%
9.1
-20%
$949,934
-8%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
52
+2%
70
-10%
9.2
+35%
$396,601
-4%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
213
-8%
264
-10%
8.5
-131%
$1,372,025
+12%
Pelican Bay
194
+2%
256
-4%
8.9
+4%
$1,271,260
-2%
Pelican Landing
38
-19%
70
-10%
5.4
-43%
$348,322
+8%
Pelican Marsh
50
-18%
79
-3%
7
-23%
$369,355
-5%
Pine Ridge
8
-33%
17
+42%
4.5
-44%
$209,706
-1%
The Dunes of Naples
30
-25%
41
+28%
10
-25%
$1,064,075
-12%
Tiburon
21
-19%
38
-19%
6.2
-16%
$786,333
-1%
Vanderbilt Beach
88
-6%
91
-7%
11
-4%
$917,954
+8%
Vineyards
70
-36%
124
-2%
6.6
-38%
$343,876
-9%
* 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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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 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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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 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.
MANAGED MANAGED BY BY RREEA ALL EESSTTA ATTEE
For more information on single family homes and condominiums in Grey Oaks, please contact Grey Oaks Real Estate.
Grey Oaks Real Estate
Jeanne Lesch Onsite Sales Associate 203.858.4429 jeanne.lesch@raveis.com
Office Hours Monday - Friday 9AM-5PM Saturday 10AM-5PM Sunday 12PM-5PM 2394 Grey Oaks Drive North Naples, FL 34105 239.276.7103 realestate.greyoakscc.com