NAPLES BONITA SPRINGS&
PROPERTIES MARKET REPORT JANUARY 2023
LUXURY
NAPLES & BONITA SPRINGS
Single-Family Properties
CLOSED SALES
• The number of closed sales in the 12 months ending December 31, 2022 for the Naples and Bonita Springs Area decreased 29% year-over-year (7,083 vs 10,028).
• There were 66 closed sales priced above two million in December 2022 compared to 83 in December 2021; a 20% decrease. During the 12 months ending December 31, 2022, sales in this category decreased 17% over the same time period in 2021 (803 vs 964 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending December 31, 2022, a total of 9,835 new listings were added to the market, this is a 3% decrease vs the same time period 12 months ending December 31, 2021.
• Available inventory as of December 31, 2022 consisted of 2,642 units, an increase of 36% vs the same time period in 2021. 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 $1,160,716, a 17% increase vs the same time period in 2021.
• The median sales price for the area in December 2022 increased 12% to $699,498 vs December 2021.
*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 December 31, 2022 for the Naples and Bonita Springs Area decreased 38% year-over-year (5,479 vs 8,842).
• There were 32 closed sales priced above two million in December 2022 compared to 27 in December 2021, a 19% increase. During the 12 months ending December 31, 2022, sales in this category increased 2% over the same time period in 2021 (360 vs 352 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending December 31, 2022, a total of 6,741 new listings were added to the market, a 13% decrease vs the same time period 12 months ending December 31, 2021.
• Available inventory as of December 31, 2022 consisted of 1,609 units, an increase of 31% vs the same time period in 2021. 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 $717,796, a 27% increase vs the same time period in 2021.
• The median sales price for the area in December 2022 increased 14% to $455,000 vs December 2021.
*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.
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PORT ROYAL to BONITA BEACH ROAD AREA
Single-Family Properties
• The number of closed sales in the 12 months ending December 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 36% year-overyear (420 vs 658).
NEW LISTINGS / INVENTORY
• During the 12 months ending December 31, 2022, a total of 792 new listings were added to the market, a decrease of 24% compared to the same time period 12 months ending December 31, 2021.
• Available inventory as of December 31, 2022 consisted of 316 units, a 80% increase vs the same time period in 2021 (316 vs 176). Current inventory represents 9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $5,165,473 an increase of 6% vs the same time period in 2021.
• The median sales price for the area in December 2022 decreased 16% to $3,250,000 vs December 2021.
CLOSED SALES LUXURY MARKET $1M+ (WEST OF 41)*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.
PORT ROYAL to BONITA BEACH ROAD AREA
Condominiums
• The number of closed sales in the 12 months ending December 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 27% year-overyear (576 vs 791).
NEW LISTINGS / INVENTORY
• During the 12 months ending December 31, 2022, a total of 715 new listings were added to the market, a decrease of 2% vs the same time period 12 months ending December 31, 2021.
• Available inventory as of December 31, 2022 consisted of 224 units, a 22% increase vs the same time period in 2021 (224 vs 183). 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 $2,590,811, increasing 13% vs the same time period in 2021.
• The median sales price for the area in December 2022 increased 17% to $2,110,000 vs December 2021.
CLOSED SALES LUXURY MARKET $1M+ (WEST OF 41)*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
*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 Average Sales Price New Listings Closed Units YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price New Listings Closed Units 10,442 10,182 10,395 10,115 9,835 6,274 6,834 8,714 10,028 7,083 $698,804 $686,812 $771,734 $996,048 $1,160,716 2018 2019 2020 2021 2022 8,462 8,005 8,387 7,786 6,741 5,286 5,423 6,194 8,842 5,479 $444,498 $431,057 $493,615 $565,309 $717,796 2018 2019 2020 2021 2022
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 651 631 703 640 792 356 373 539 658 420 $3,589,656 $3,785,698 $3,686,948 $4,855,192 $5,165,473 2018 2019 2020 2021 2022 643 623 796 732 715 436 367 563 791 576 $1,977,290 $2,076,565 $2,129,631 $2,300,837 $2,590,811 2018 2019 2020 2021 2022
In U.S. Home Sales
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COMMUNITY SNAPSHOT REPORT
Single-Family Properties
*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.
Neighborhood Active Listings Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change Aqualane Shores 20 150% 16 -67% 5.8 163% $9,239,688 47% Bonita Bay 7 17% 41 -56% 1.0 -17% $2,157,067 26% Collier’s Reserve 5 - 12 -14% 1.4 1300% $2,411,333 56% Grey Oaks 9 50% 41 -38% 2.6 160% $4,619,805 45% Isles of Collier Preserve 19 850% 35 -53% 2.7 350% $2,352,011 68% Kensington 2 - 15 -25% 0.7 75% $1,335,677 30% Lely Resort 23 188% 100 -50% 2.4 167% $1,341,905 57% Mediterra 15 275% 42 -43% 2.6 100% $3,550,381 49% Monterey 2 100% 17 -51% 1.3 44% $1,310,059 27% Naples Park 83 337% 195 -24% 3.2 191% $1,030,014 57% Naples Reserve 18 200% 54 -53% 2.2 214% $1,294,885 47% Olde Naples 29 93% 51 -50% 4.2 83% $7,832,534 68% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 44 63% 88 -41% 5.3 130% $3,754,821 28% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 35 133% 25 -31% 7.5 134% $6,784,200 52% Pelican Bay 15 88% 33 -60% 2.1 40% $4,927,242 29% Pelican Landing 4 100% 44 -40% 1.3 86% $1,430,830 53% Pelican Marsh 8 300% 37 -56% 1.4 75% $2,000,338 17% Pine Ridge 13 44% 28 -28% 5.7 171% $5,694,036 70% Port Royal 15 114% 22 -61% 4.3 115% $19,755,458 47% Quail Creek 8 300% 28 -15% 2.7 80% $2,183,857 39% Quail West 13 160% 37 -52% 2.3 109% $3,968,162 37% Royal Harbor 13 18% 25 -41% 4.3 126% $5,360,280 61% The Colony At Pelican Landing 2 0% 6 -63% 0.3 -63% $2,482,500 55% Tiburon 3 - 7 -56% 1.1 83% $2,672,571 4% Vanderbilt Beach 27 286% 23 -47% 5.0 178% $3,988,287 39% Vineyards 11 57% 54 -32% 1.9 58% $1,264,709 40%
*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. COMMUNITY SNAPSHOT
Condominiums Neighborhood Active Listings Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change Bonita Bay 27 69% 126 -34% 1.2 -25% $1,282,124 23% Grey Oaks 1 - 15 -17% 0.5 -29% $1,850,333 56% Isles of Collier Preserve 9 350% 38 -24% 1.4 100% $950,490 47% Kensington 2 0% 14 -56% 0.9 -31% $753,536 50% Lely Resort 30 88% 155 -46% 1.2 0% $551,873 53% Mediterra 5 - 20 -36% 1.5 114% $1,338,200 100% Olde Naples 34 3100% 120 -43% 2.2 -21% $1,608,768 40% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 21 163% 93 -36% 1.9 46% $644,873 6% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 49 40% 241 -48% 1.6 7% $2,348,275 38% Pelican Bay 48 167% 250 -48% 1.2 9% $1,913,530 30% Pelican Landing 7 75% 51 -46% 0.8 100% $549,590 33% Pelican Marsh 7 250% 56 -51% 1.0 67% $811,643 63% The Dunes of Naples 12 200% 28 -53% 1.8 50% $2,021,242 58% Tiburon 3 - 27 -54% 1.4 180% $1,288,907 40% Vanderbilt Beach 16 0% 83 -57% 1.7 0% $1,484,754 19% Vineyards 11 120% 107 -36% 1.3 30% $621,170 38%
REPORT
SOUTHWEST FLORIDA COMMUNITY GUIDE
- City of Naples
- North Naples (North of Pine Ridge Road)
- South Naples (South of Pine Ridge Road)
BONITA BAY Bonita
COLLIER’S RESERVE North
GREY OAKS
South Naples & City of Naples
ISLE OF COLLIER PRESERVE South Naples
LELY
AQUALANE SHORES City of Naples
Springs
Naples
KENSINGTON South Naples
Naples MONTEREY North Naples
& COQUINA SANDS City of Naples
RESORT South Naples MEDITERRA North
MOORINGS
COURSE KEY
RANGE
holes 27 holes 36 holes 54 holes 90 holes
price less than $500K
price $500K to $1M Dominant price over $1M $ $$ $$$ $$ $$ 18 $ 54 $$$ 36 $$ $$$ 18 $$$ 54 $$$ 18 $$$ 90 $$$ *Source of this market data: Southwest Florida MLS © 2023. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
- Bonita Springs GOLF
PRICE
18
Dominant
Dominant
Neighborhood
Golf
Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium *Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
Neighborhood Golf Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium NAPLES PARK North Naples NAPLES RESERVE South Naples OLD NAPLES City of Naples PARK SHORE City of Naples PELICAN BAY North Naples PELICAN LANDING Bonita Springs PELICAN MARSH North Naples PINE RIDGE North Naples PORT ROYAL City of Naples QUAIL CREEK North Naples QUAIL WEST North Naples ROYAL HARBOR City of Naples THE COLONY AT PELICAN LANDING Bonita Springs THE DUNES OF NAPLES North Naples TIBURON GOLF CLUB North Naples VANDERBILT BEACH AREA North Naples VINEYARDS North Naples $$$ $$$ $$$ $$$ $ $$$ $$$ $$$ $$$ $$$ $$ $$ $$ $ 54 $$$ 27 $$$ $$$ 18 18 36 36 36 54 *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
oriented (have a
or has a community
**May or may not be
by a
boating
dock
dock/marina).
manned
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. 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.
Raveis
the highest average sales price per property of
five largest brokerages in
Naples Area according to the Naples Area Board of REALTORS® for the time period 1/1/2022 - 12/13/2022. 4. According to the Naples Area Board of REALTORS® for the time period 1/1/2022 - 1/1/2023. Non-MLS listings are not included in these tabulations. FL
William
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