William Raveis Market Report September 2021

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NAPLES BONITA SPRINGS LUXU RY P R O P E RT IE S MAR KE T R E PORT SE P T E MB E R 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.

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