DECEMBER 2019 LUXURY PROPERTIES MARKET REPORT Naples / Bonita Springs / Estero
NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending December 31, 2019 for the Naples, Bonita Springs and Estero Area was relatively unchanged year-over-year (7,596 vs 7,074).
•
There were 37 closed sales, priced above two million, in December 2019 compared to 22 in December 2018 a 68% increase. During the 12 months ending December 31, 2019, sales in this category decreased 3% over the same time period in 2018 (409 vs 396).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31, 2019, a total of 11,307 new listings were added to the market, this is a 4% decrease vs the same time period 12 months ending December 31, 2018.
•
Available inventory as of December 31, 2019 consisted of 4,700 units, a decrease of 11% vs the same time period in 2018. Current inventory represents 7 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $660,112 which remained relatively the same with a decrease of 2% vs the same time period in 2018.
•
The median sales price for the area decreased less than 2% to $386,940 from $391,317 in 2018.
NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending December 31, 2019 for the Naples, Bonita Springs and Estero Area was relatively unchanged year-over-year (5,991 vs 5,926).
•
There were 8 closed sales priced above two million in December 31, 2019, 27% fewer than December 2018. During the 12 months ending December 31, 2019, sales in this category were relatively unchanged vs the same time period in 2018 (152 vs 147 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31, 2019, a total of 8,689 new listings were added to the market, a 7% decrease vs the same time period 12 months ending December 31, 2018.
•
Available inventory as of December 31, 2019 consisted of 3,694 units, a decrease of 14% vs the same time period in 2018. Current inventory represents 7 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $405,000, a decrease of 4% vs the same time period in 2018.
•
The median sales price for the area increased 3% to $256,500 vs 2018.
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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 December 31, 2019 for the luxury market from Port Royal to Bonita Beach Road Area increased 5% year-over-year (371 vs 352).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31, 2019, a total of 624 new listings were added to the market, this is less than 2% fewer listings than the same time period 12 months ending December 31, 2018.
•
Available inventory as of December 31, 2019 consisted of 373 units, a decrease of 10% vs the same time period in 2018. Current inventory represents 12 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $3,600,000, which increased 5% vs the same time period in 2018.
•
The median sales price for the area was relatively unchanged at $2,666,792 vs $2,652,813 in 2018.
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 December 31, 2019 for the luxury market from Port Royal to Bonita Beach Road Area decreased 14% year-over-year (379 vs 442).
NEW LISTINGS / INVENTORY •
During the 12 months ending December 31, 2019, a total of 622 new listings were added to the market, a decrease of 2% vs the same time period 12 months ending December 31, 2018.
•
Available inventory as of December 31, 2019 consisted of 376 units, a 3% increase vs the same time period in 2018. Current inventory represents 13 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $1,916,369, a decrease of less than 2% vs the same time period in 2018.
•
The median sales price for the area decreased 5% to $1,544,792 from $1,626,625.
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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, Bonita Springs and Estero - Single Family Properties 12,000
New Listings
10,000
2015 ---------------- 10,834 2016 ---------------- 11,629 2017 ---------------- 10,715 2018 ---------------- 11,749 2019 ---------------- 11,307
8,000
6,000
Closed Units
4,000
2015 ---------------- 7,136 2016 ---------------- 6,607 2017 ---------------- 6,833 2018 ---------------- 7,074 2019 ---------------- 7,596
2,000
0 2015
2016
2017
2018
2019
Naples, Bonita Springs and Estero - Condominiums 10,000
New Listings 2015 ----------------- 8,228 2016 ----------------- 9,202 2017 ----------------- 8,762 2018 ----------------- 9,348 2019 ----------------- 8,689
8,000
6,000
Closed Units
4,000
2015 ----------------- 6,260 2016 ----------------- 5,276 2017 ----------------- 5,425 2018 ----------------- 5,926 2019 ----------------- 5,991
2,000
0 2015
2016
2017
2018
2019
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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, Bonita Springs and Estero - Single Family Properties $800,000 $700,000 $600,000
$671K $631K
$610K
$629K
2015
2016
2017
$660K
$500,000 $400,000 $300,000 $200,000
$500,000
2018
2019
Naples, Bonita Springs and Estero - Condominiums
$400,000
$423K $377K
$384K
$393K
$405K
$300,000
$200,000
$100,000
0
2015
2016
2017
2018
2019
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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 2015 -----------------2016 -----------------2017 -----------------2018 -----------------2019 ------------------
700 600
622 699 599 631 624
500 400
Closed Units 300
2015 ------------------ 349 2016 ------------------ 284 2017 ------------------ 332 2018 ------------------ 352 2019 ------------------ 371
200
0
700
2015
2016
2017
2018
2019
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+
600
New Listings
500
2015 ------------------ 507 2016 ------------------ 598 2017 ------------------ 593 2018 ------------------ 635 2019 ------------------ 622
400
300
Closed Units 2015 ------------------ 338 2016 ------------------ 298 2017 ------------------ 348 2018 ------------------ 442 2019 ------------------ 379
200
100
2015
2016
2017
2018
2019
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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
$3.600M
$3,000,000
$3.033M
$3.421M
$3.174M
$3.103M
2016
2017
$2,500,000
$2,000,000
$1,500,000 0 2015
2018
2019
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$2.013M
$1.953M
$1.870M
$1.952M
$1.916M
2018
2019
$1,500,000
$1,000,000
$500,000
0
2015
2016
2017
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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 Naples, Bonita Springs and Estero Market Area
Single Family Homes ACTIVE LISTINGS
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
22
17
11
$4,921,399
Audubon
34
22
17
$940,000
Barefoot Beach
20
17
8
$4,790,412
Bonita Bay
38
68
6
$847,500
The Brooks
7
14
5
$467,273
Colliers Reserve
16
17
10
$1,315,000
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
96
114
11
$2,091,257
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
29
34
10
$3,275,000
Crossings
6
12
3
$841,500
Grey Oaks
54
42
15
$2,150,000
Kensington
12
18
6
$831,361
Lely Resort
93
111
11
$530,000
Mediterra
62
45
15
$2,420,838
Monterey
15
23
6
$775,000
Olde Naples
77
78
13
$4,017,672
Palmira Golf & Country Club
28
46
9
$470,000
Pelican Bay
47
47
11
$2,581,405
Pelican Landing
38
61
9
$700,000
Pelican Landing (The Colony)
14
7
13
$1,742,000
Pelican Marsh
36
48
10
$862,500
Pelican Sound
1
5
1
$684,000
Pine Ridge
36
27
11
$1,275,000
Port Royal
51
38
15
$9,312,401
Monthly Snapshot as of December 31, 2019 Aqualane Shores
AVERAGE CLOSED PRICE
Quail Creek
17
22
7
$1,109,950
Quail West
61
52
13
$1,804,876
Royal Harbor
33
28
12
$1,925,000
8
10
4
$1,270,000
Vanderbilt Beach
34
32
14
$1,300,000
Vineyards
48
69
8
$663,604
West Bay Club
21
14
10
$955,000
Tiburon
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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 Naples, Bonita Springs and Estero Market Area
CONDOMINIUMS ACTIVE LISTINGS
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
6
20
3
$1,579,800
Bonita Bay
88
124
8
$432,500
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
50
69
8
$395,270
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
226
304
9
$949,500
The Dunes
35
41
11
$1,159,646
Grey Oaks
7
13
5
$889,923
Monthly Snapshot as of December 31, 2019 Barefoot Beach
AVERAGE CLOSED PRICE
Kensington
12
15
5
$465,267
Lely Resort
133
193
10
$314,891
Mediterra
16
15
11
$585,856
Monterey
1
2
1
$311,000
Olde Naples
99
117
11
$1,054,679
Palmira Golf & Country Club
16
19
8
$313,054
202
247
9
$890,000
Pelican Landing
41
90
7
$323,283
Pelican Marsh
59
90
9
$368,607
Pelican Sound
14
66
3
$289,534
Pine Ridge
10
17
7
$218,837
Tiburon
22
43
6
$759,306
Pelican Bay
Vanderbilt Beach
98
97
13
$841,714
Vineyards
90
131
9
$358,525
West Bay Club
10
21
5
$516,762
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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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