THERESOPTEAM RESULTS DRIVEN REAL ESTATE
JANUARY 2021 LUXURY PROPERTIES MARKET REPORT Naples | Bonita Springs
NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending January 31, 2021 for the Naples and Bonita Springs Area increased 29% year-over-year (8,859 vs 6,892).
•
There were 67 closed sales, priced above two million, in January 2021 compared to 38 in January 2020, a 76% increase. During the 12 months ending January 31, 2021, sales in this category increased 73% over the same time period in 2020 (662 vs 382).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2021, a total of 10,065 new listings were added to the market, remaining relatively the same with a decrease of 1% vs the same time period 12 months ending January 31, 2020.
•
Available inventory as of January 31, 2021 consisted of 3,194 units, a decrease of 35% vs the same time period in 2020. Current inventory represents 4.9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $786,153 a 14% increase vs the same time period in 2020.
•
The median sales price for the area in January 2021 increased 15% to $491,500 vs January 2020.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending January 31, 2021 for the Naples and Bonita Springs Area increased 16% year-over-year (6,402 vs 5,502).
•
There were 18 closed sales priced above two million compared to 17 in January 2020, a 6% increase. During the 12 months ending January 31, 2021, sales in this category increased 63% vs the same time period in 2020 (239 vs 147 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2021, a total of 8,114 new listings were added to the market, a 3% increase vs the same time period 12 months ending January 31, 2020.
•
Available inventory as of January 31, 2021 consisted of 2,945 units, a decrease of 25% vs the same time period in 2020. Current inventory represents 4.9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $491,351 an increase of 13% vs the same time period in 2020.
•
The median sales price for the area in January 2021 increased 8% to $285,000 vs January 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.
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 January 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 47% year-over-year (552 vs 376).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2021, a total of 678 new listings were added to the market, an increase of 10% compared to the same time period 12 months ending January 31, 2020.
•
Available inventory as of January 31, 2021 consisted of 300 units, a decrease of 29% vs the same time period in 2020 (300 vs 425). Current inventory represents 6.7 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $3,717,347, remaining relatively the same with a decrease of less than 1% vs the same time period in 2020.
•
The median sales price for the area in January 2021 decreased 24% to $2,500,000 vs January 2020.
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 January 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 52% year-over-year (574 vs 377).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2021, a total of 754 new listings were added to the market, an increase of 22% vs the same time period 12 months ending January 31, 2020.
•
Available inventory as of January 31, 2021 consisted of 310 units, a 23% decrease vs the same time period in 2020. Current inventory represents 6.5 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,097,549, remaining relatively the same with an increase of less than 1% vs the same time period in 2020.
•
The median sales price for the area in January 2021 decreased 9% to $1,646,250 vs January 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 Naples and Bonita Springs - Single Family Properties 12,000
New Listings
10,000
2017 ---------------- 10,386 2018 ---------------- 9,511 2019 ---------------- 10,441 2020 ---------------- 10,158 2021 --------------- 10,065
8,000
6,000
Closed Units
4,000
2017 ---------------- 5,848 2018 ---------------- 6,051 2019 ----------------- 6,309 2020 ---------------- 6,892 2021 --------------- 8,859
2,000
0 2017
2018
2019
2020
2021
Naples and Bonita Springs - Condominiums 10,000
New Listings 2017 ----------------- 8,329 2018 ----------------- 7,850 2019 ----------------- 8,508 2020 ----------------- 7,862 2021 ----------------- 8,114
8,000
6,000
Closed Units
4,000
2017 ----------------- 4,765 2018 ----------------- 4,938 2019 ----------------- 5,153 2020 ----------------- 5,502 2021 ----------------- 6,402
2,000
0 2017
2018
2019
2020
2021
* 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
$786K
$700,000
$710K $600,000
$624K
$689K
$653K
$500,000 $400,000 $300,000 $200,000
2017
2018
2019
2020
2021
Naples and Bonita Springs - Condominiums $500,000
$491K $400,000
$433K
$426K
$435K
2018
2019
2020
$398K $300,000
$200,000
$100,000
0
2017
2021
* 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
2017 ---------------- 695 2018 ---------------- 614 2019 ---------------- 658 2020 ---------------- 618 2021 --------------- 678
600 500 400
Closed Units
300
2017 ---------------- 286 2018 ---------------- 323 2019 ----------------- 367 2020 ---------------- 376 2021 --------------- 552
200
0
2017
2018
2019
2020
2021
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+ New Listings
800
2017 ---------------- 563 2018 ---------------- 615 2019 ---------------- 637 2020 ---------------- 620 2021 --------------- 754
700 600 500 400
Closed Units 2017 ---------------- 281 2018 ---------------- 417 2019 ----------------- 357 2020 ---------------- 377 2021 --------------- 574
300 200
0
2017
2018
2019
2020
2021
* 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
$3,000,000
$3.199M
$3.751M
$3.719M
$3.717M
2019
2020
2021
$3.144M
$2,500,000
$2,000,000
$1,500,000 0 2017
2018
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$1.986M
$1.910M
$1.996M
2017
2018
2019
$2.094M
$2.098M
2020
2021
$1,500,000
$1,000,000
$500,000
0
* 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 January 31, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
15
-57%
44
+159%
8.9
-30%
$5,081,054
+5%
Bonita Bay
18
-57%
70
+6%
6.2
no change
$1,429,006
+38%
1
-93%
18
+13%
5.2
-48%
$1,563,028
+9%
Grey Oaks
13
-75%
80
+95%
7.7
-50%
$2,533,000
-8%
Isles of Collier Preserve
4
-80%
60
+25%
5.4
-5%
$1,094,672
+14%
Kensington
2
-80%
14
-22%
3.6
-39%
$823,922
-1%
Lely Resort
28
-75%
157
+47%
8.6
-23%
$688,072
+11%
Mediterra
17
-73%
63
+29%
9.9
-31%
$1,951,387
-17%
Monterey
6
-33%
20
-13%
4.2
-29%
$765,375
-5%
Naples Park
14
-83%
203
+25%
4.6
-37%
$500,925
+14%
Naples Reserve
6
-91%
136
+58%
4.8
-42%
$588,356
+15%
Olde Naples
30
-56%
93
+21%
8.4
-33%
$4,194,323
+4%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
32
-63%
146
+18%
8.4
-24%
$2,250,645
+8%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
10
-57%
36
no change
6.2
-40%
$4,064,168
+15%
Pelican Bay
17
-63%
72
+44%
7.9
-29%
$2,894,999
+1%
Pelican Landing
13
-70%
61
+2%
7
-15%
$775,689
-2%
Pelican Marsh
6
-87%
65
+28%
5.8
-43%
$1,105,017
+4%
Pine Ridge
17
-61%
55
+72%
9.6
-22%
$2,271,625
+20%
Port Royal
19
-63%
50
+52%
12.5
-18%
$9,797,500
+6%
Quail Creek
4
-77%
27
+29%
4.9
-36%
$1,281,648
+18%
Quail West
14
-74%
86
+69%
8.0
-37%
$2,252,155
+24%
Royal Harbor
7
-81%
56
+88%
8.6
-29%
$2,697,306
+25%
The Colony At Pelican Landing
2
-88%
15
+114%
-28%
$1,577,667
-9%
Tiburon
3
-70%
18
+64%
4.3
+16%
$1,920,500
+52%
Vanderbilt Beach
12
-63%
47
+47%
8.3
-38%
$1,933,199
+3%
Vineyards
8
-83%
84
+22%
5.5
-33%
$725,207
+11%
Collier’s Reserve
10.1
* 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 Snapshot Report Condominiums
Monthly Snapshot as of January 31, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % 12 MONTHS CHANGE
MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE
% CHANGE
Bonita Bay
51
-51%
152
+23%
7.7
-6%
$770,396
+1%
Grey Oaks
4
no change
4
-33%
2.6
-44%
$995,718
+16%
Isles of Collier Preserve
9
-63%
40
+18%
5.1
-39%
$524,314
+4%
Kensington
13
-32%
20
+33%
12.3
+105%
$430,895
-5%
Lely Resort
41
-65%
192
-1%
6
-38%
$311,587
-1%
Mediterra
8
-58%
16
no change
10.8
-12%
$588,469
-3%
Olde Naples
53
-48%
138
+15%
8.4
-24%
$973,162
-1%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
32
-39%
98
+29%
8.2
-2%
$465,718
+16%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
123
-53%
366
+18%
8.7
-7%
$1,396,957
+8%
Pelican Bay
91
-61%
347
+34%
7.4
-23%
$1,201,653
-19%
Pelican Landing
11
-77%
99
+8%
5.3
-21%
$344,268
+4%
Pelican Marsh
10
-83%
97
+9%
5.7
-34%
$408,920
+14%
Pine Ridge
3
-57%
20
+18%
3.6
-44%
$220,875
+1%
The Dunes of Naples
12
-63%
53
+23%
5
-62%
$1,131,938
-1%
Tiburon
8
-65%
42
+5%
6.9
+17%
$757,875
-3%
Vanderbilt Beach
37
-63%
112
+13%
9.5
-25%
$1,011,823
+21%
Vineyards
29
-57%
124
-5%
5.1
-38%
$361,137
+3%
* 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.
THERESOPTEAM RESULTS DRIVEN REAL ESTATE Chris & Kara Resop 239.231.6164 Chris.Resop@Raveis.com | ChrisResop.com 800 Seagate Drive | Naples | FL 34103
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