NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT SEPTEMBER 2021
NAPLES & BONITA SPRI NG S Single-Family Properties
CLOSED SALES •
The number of closed sales in the 12 months ending September 30, 2021 for the Naples and Bonita Springs Area increased 38% year-over-year (10,596 vs 7,702).
•
There were 42 closed sales, priced above two million in September 2021 compared to 45 in September 2020, a 7% decrease. During the 12 months ending September 30, 2021, sales in this category increased 120% over the same time period in 2020 (1,027 vs 467 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending September 30, 2021, a total of 10,542 new listings were added to the market, this is a 1% increase vs the same time period 12 months ending September 30, 2020.
•
Available inventory as of September 30, 2021 consisted of 2,259 units, a decrease of 41% vs the same time period in 2020. Current inventory represents 3.7 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $965,452 a 37% increase vs the same time period in 2020.
•
The median sales price for the area in September 2021 increased 23% to $545,000 vs September 2020.
*Source of this market data: Southwest Florida MLS © 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.
NAPLES & BONITA SPRI NG S Condominiums
CLOSED SALES •
The number of closed sales in the 12 months ending September 30, 2021 for the Naples and Bonita Springs Area increased 69% year-over-year (9,183 vs 5,422).
•
There were 20 closed sales priced above two million compared to 28 in September 2020, a 29% decrease. During the 12 months ending September 30, 2021, sales in this category increased 72% vs the same time period in 2020 (340 vs 198 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending September 30, 2021, a total of 8,244 new listings were added to the market, an increase of less than 1% vs the same time period 12 months ending September 30, 2020.
•
Available inventory as of September 30, 2021 consisted of 1,276 units, a decrease of 63% vs the same time period in 2020. Current inventory represents 2.8 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $535,194 an increase of 14% vs the same time period in 2020.
•
The median sales price for the area in September 2021 increased 22% to $335,000 vs September 2020.
*Source of this market data: Southwest Florida MLS © 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.
P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Single-Family Properties LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES •
The number of closed sales in the 12 months ending September 30, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 78% year-over-year (746 vs 420).
NEW LISTINGS / INVENTORY •
During the 12 months ending September 30, 2021, a total of 696 new listings were added to the market, an increase of less than 1% compared to the same time period 12 months ending September 30, 2020.
•
Available inventory as of September 30, 2021 consisted of 173 units, a decrease of 52% vs the same time period in 2020 (173 vs 357). Current inventory represents 5.2 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $4,489,909 an increase of 31% vs the same time period in 2020.
•
The median sales price for the area in September 2021 increased 8% to $2,700,000 vs September 2020.
*Source of this market data: Southwest Florida MLS © 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.
P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Condominiums LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES •
The number of closed sales in the 12 months ending September 30, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 77% year-over-year (807 vs 457).
NEW LISTINGS / INVENTORY •
During the 12 months ending September 30, 2021, a total of 764 new listings were added to the market, a decrease of 1% vs the same time period 12 months ending September 30, 2020.
•
Available inventory as of September 30, 2021 consisted of 160 units, a 52% decrease vs the same time period in 2020. Current inventory represents 4.4 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,244,996, increasing 8% vs the same time period in 2020.
•
The median sales price for the area in September 2021 decreased 17% to $1,712,500 vs September 2020.
*Source of this market data: Southwest Florida MLS © 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.
NAPLES & BONITA SPRI NG S YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price
New Listings
Closed Units
$965,000
$691,000
$654,000
$683,000
2017
2018
7,702
6,610
6,167
6,138
10,596
10,542
10,443
10,258
10,178
9,656
$704,000
2019
2020
2021
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$535,000
$413,000
$437,000
8,334
7,795 4,940
2017
$439,000
2018
8,244
8,215
8,198 5,137
$470,000
5,245
2019
9,183
5,422
2020
2021
*Source of this market data: Southwest Florida MLS © 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.
P O RT ROYA L t o B O N I TA BEACH ROAD AREA YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price
New Listings
Closed Units
$4,490,000 $3,924,000 $3,454,000
2017
420
360
355
309
2018
746
696
694
638
633
626
$3,430,000
$3,299,000
2019
2020
2021
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
$2,009,000
$2,124,000 $1,923,000
$2,084,000
$2,245,000
807
764
606 435
323 2017
Closed Units
772
648
573
New Listings
2018
457
366
2019
2020
2021
*Source of this market data: Southwest Florida MLS © 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.
NEIGHBORHO OD SNAP SHOT REP ORT Single-Family Properties Active Listings
% Change
Closed Past 12 Months
% Change
Months Of Supply
% Change
Average Closed Price
% Change
Aqualane Shores
9
-64%
58
+100%
4.3
-63%
$6,054,264
+22%
Bonita Bay
8
-74%
95
+61%
3.2
-50%
$1,660,232
+26%
Collier’s Reserve
0
-100%
20
+54%
0.9
-88%
$1,535,125
-2%
Grey Oaks
8
-78%
90
+67%
2.6
-76%
$2,926,889
+11%
Isles of Collier Preserve
7
-72%
88
+80%
2.1
-67%
$1,257,013
+20%
Kensington
1
-80%
18
+20%
2.0
-57%
$1,003,028
+25%
Lely Resort
8
-91%
233
+101%
3.1
-71%
$796,729
+15%
Mediterra
8
-82%
89
+98%
3.7
-70%
$2,264,537
+6%
Monterey
1
+0%
37
+85%
3.1
-31%
$961,589
+19%
26
-54%
256
+40%
2.3
-58%
$604,497
+27%
Naples Reserve
6
-83%
140
+26%
1.5
-79%
$788,074
+50%
Olde Naples
18
-65%
114
+44%
3.9
+61%
$4,637,925
+19%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
16
-79%
183
+50%
3.7
-62%
$2,650,000
+72%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
9
-40%
41
+24%
3.0
-61%
$4,195,000
+3%
Pelican Bay
7
-81%
90
+58%
3.3
-67%
$3,758,795
+33%
Pelican Landing
1
-97%
92
+124%
2.6
-70%
$884,456
+19%
Pelican Marsh
2
-93%
97
+64%
2.9
-60%
$1,620,699
+55%
Pine Ridge
8
-69%
53
+26%
3.4
-74%
$2,974,229
+37%
Port Royal
8
-78%
66
+94%
4.2
-71%
$11,700,197
+37%
Quail Creek
2
-86%
38
+81%
2.8
-56%
$1,538,724
+39%
Quail West
7
-72%
84
+27%
2.5
-77%
$2,597,077
+26%
Royal Harbor
12
-33%
51
+19%
2.8
-76%
$2,905,408
+9%
The Colony At Pelican Landing
0
-100%
23
+188%
2.9
-78%
$1,612,391
+9%
Tiburon
1
-88%
24
+140%
1.7
-67%
$2,134,552
+24%
Vanderbilt Beach
5
-77%
52
+30%
2.8
-74%
$2,509,681
+29%
Vineyards
8
-71%
92
+35%
1.8
-76%
$843,393
+25%
Neighborhood
Naples Park
*Source of this market data: Southwest Florida MLS © 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.
NEIGHBORHO OD SNAP SHOT REP ORT Condominiums Neighborhood
Active Listings
% Change
Closed Past 12 Months
% Change
Months Of Supply
% Change
Average Closed Price
% Change
Bonita Bay
15
-82%
197
+52%
3.7
-56%
$960,227
+21%
Grey Oaks
1
-83%
21
+200%
1.9
+35%
$1,051,948
+30%
Isles of Collier Preserve
1
-91%
55
+45%
2.1
-70%
$582,808
+13%
Kensington
0
-100%
38
+246%
4.6
-61%
$483,209
+7%
Lely Resort
22
-76%
285
+66%
3.2
-54%
$335,708
+10%
Mediterra
0
-100%
37
+236%
3.0
-78%
$625,257
+16%
Olde Naples
28
-66%
217
+84%
5.1
-48%
$1,110,057
+22%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
32
-44%
160
+82%
3.5
-64%
$400,000
+26%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
37
-83%
505
+75%
4.0
-58%
$1,120,000
+19%
Pelican Bay
36
-80%
503
+84%
3.5
-62%
$1,412,637
+24%
Pelican Landing
4
-87%
107
+27%
1.9
-68%
$388,807
+14%
Pelican Marsh
1
-97%
132
+81%
2.1
-70%
$452,456
The Dunes of Naples
6
-78%
68
+196%
3.5
-40%
$123,865
+15%
Tiburon
2
-90%
63
+54%
3.5
-49%
$865,333
+13%
Vanderbilt Beach
16
-79%
197
+110%
4.1
-63%
$1,228,829
+26%
Vineyards
7
-86%
179
+47%
2.7
-57%
$427,308
+20%
+14%
*Source of this market data: Southwest Florida MLS © 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.
KEY
NEIGHBORHO OD GUIDE
GOLF COURSE 18 holes 27 holes 36 holes
- City of Naples - North Naples (North of Pine Ridge Road) - South Naples (South of Pine Ridge Road) - Bonita Springs
54 holes 90 holes PRICE RANGE
$
Dominant price less than $500K
$$
Dominant price $500K to $1M
$$$
Dominant price over $1M
Neighborhood
Single-Family
Condominium
Golf Course
AQUALANE SHORES City of Naples
Boating*
Clubhouse
Tennis
Gated** Price Range
$$$
BONITA BAY Bonita Springs
90
$$$
COLLIER’S RESERVE North Naples
18
$$$
GREY OAKS South Naples & City of Naples
54
$$$
ISLE OF COLLIER PRESERVE South Naples
$$
KENSINGTON South Naples
18
$$
LELY RESORT South Naples
54
$
MEDITERRA North Naples
36
$$$
MONTEREY North Naples MOORINGS & COQUINA SANDS City of Naples
$$ 18
$$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
*Source of this market data: Southwest Florida MLS © 2021. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Neighborhood
Single-Family
Condominium
Golf Course
NAPLES PARK North Naples
Boating*
Clubhouse
Tennis
Gated** Price Range
$$
NAPLES RESERVE South Naples
$
OLD NAPLES City of Naples
$$$
PARK SHORE City of Naples
$$$
PELICAN BAY North Naples
27
$$$
PELICAN LANDING Bonita Springs
54
$
PELICAN MARSH North Naples
18
$$$
PINE RIDGE North Naples
$$$
PORT ROYAL City of Naples
$$$
QUAIL CREEK North Naples
18
$$$
QUAIL WEST North Naples
36
$$$
ROYAL HARBOR City of Naples THE COLONY AT PELICAN LANDING Bonita Springs
$$$ 54
THE DUNES OF NAPLES North Naples TIBURON GOLF CLUB North Naples
$$$ 36
VANDERBILT BEACH AREA North Naples VINEYARDS North Naples
$$
$$$ $$$
36
$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
*Source of this market data: Southwest Florida MLS © 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.
239.289.2650 DustinBeard.com Dustin@DustinBeard.com