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.

Luxury Broker in the World

by Luxury Portfolio International | 2018

William Raveis is honored to be recognized as the #1 Luxury Broker in the World by Luxury Portfolio International in 2018