BONITA SPRINGS
LUXURY PROPERTIES MARKET
OCTOBER 2024
NAPLES & BONITA SPRINGS
Single-Family Properties
CLOSED SALES
• The number of closed sales in the 12 months ending October 31st, 2024 for the Naples and Bonita Springs Area decreased 11% year-over-year (5,763 vs 6,504).
• There were 33 closed sales priced above two million in October 2024 compared to 44 in October 2023; a 25% decrease. During the 12 months ending October 31st, 2024, sales in this category decreased 11% over the same time period in 2023 (669 vs 749 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending October 31st, 2024, a total of 10,064 new listings were added to the market, this is a 10% increase vs the same time period 12 months ending October 31st, 2023.
• Available inventory as of October 31st, 2024 consisted of 3,637 units, an increase of 17% vs the same time period in 2023. Current inventory represents 8 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $1,189,391, a 2% increase vs the same time period in 2023.
• The median sales price for the area in October 2024 increased .01% to $690,000 vs October 2023.
NAPLES & BONITA SPRINGS
Condominiums
CLOSED SALES
• The number of closed sales in the 12 months ending October 31st, 2024 for the Naples and Bonita Springs Area decreased 13% year-over-year (4,241 vs 4,856).
• There were 15 closed sales priced above two million in October 2024 compared to 17 in October 2023; a 12% decrease. During the 12 months ending October 31st, 2024, sales in this category increased 3% over the same time period in 2023 (462 vs 447 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending October 31st, 2024, a total of 7,891 new listings were added to the market, a 15% increase vs the same time period 12 months ending October 31st, 2023.
• Available inventory as of October 31st, 2024 consisted of 2,965 units, an increase of 28% vs the same time period in 2023. Current inventory represents 8 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $846,360, a 3% increase vs the same time period in 2023.
• The median sales price for the area in October 2024 decreased 12% to $396,450 vs October 2023.
William Raveis is named Top Brokerage by Inman1, the voice for REALTORS® across the country. We excel at pushing old ways aside, reinventing technology in partnership with Microsoft, and providing the most comprehensive services in the real estate industry to benefit all sales associates and customers.
We are proud of our 99% customer satisfaction ratings year over year.2
PORT ROYAL to BONITA BEACH ROAD AREA
Single-Family Properties
LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES
• The number of closed sales in the 12 months ending October 31st, 2024 for the luxury market from Port Royal to Bonita Beach Road Area decreased 23% year-over-year (291 vs 379).
NEW LISTINGS / INVENTORY
• During the 12 months ending October 31st, 2024, a total of 772 new listings were added to the market, a decrease of 4% compared to the same time period 12 months ending October 31st, 2023.
• Available inventory as of October 31st, 2024 consisted of 352 units, a 7% decrease vs the same time period in 2023 (352 vs 377). Current inventory represents 15 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $5,018,264 an increase of 11% vs the same time period in 2023.
• The median sales price for the area in October 2024 increased 14% to $2,900,000 vs October 2023.
PORT ROYAL to BONITA BEACH ROAD AREA
Condominiums
LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES
• The number of closed sales in the 12 months ending October 31st, 2024 for the luxury market from Port Royal to Bonita Beach Road Area decreased 2% year-over-year (620 vs 634).
NEW LISTINGS / INVENTORY
• During the 12 months ending October 31st, 2024, a total of 1,113 new listings were added to the market, an increase of 8% vs the same time period 12 months ending October 31st, 2023.
• Available inventory as of October 31st, 2024 consisted of 397 units, a 1% increase vs the same time period in 2023 (397 vs 392). Current inventory represents 8 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $2,644,312 increasing 8% vs the same time period in 2023.
• The median sales price for the area in October 2024 increased 66% to $2,650,000 vs October 2023.
NAPLES & BONITA SPRINGS
Single-Family Properties
YEAR-OVER-YEAR MARKET TRENDS
Condominium Properties
PORT ROYAL to BONITA BEACH ROAD AREA
We are honored to have won Top Brokerage by Inman1, the voice of Realtors® across the country. We are also grateful for these global and national luxury awards:
• #1 Luxury Broker in the World2
• Winner Best Luxury Real Estate Brokerage in CT, FL, MA & SC3
• Winner Top 100 Real Estate Brokers & Developers of the World3
• Overall Winner HGTV Ultimate House Hunt4
• 99% customer satisfaction rating5
WINNER
COMMUNITY SNAPSHOT REPORT
Single-Family Properties
12 MONTHS ENDING OCTOBER, 2024
SOUTHWEST FLORIDA COMMUNITY GUIDE
- City of Naples
- North Naples (North of Pine Ridge Road)
- South Naples (South of Pine Ridge Road)
- Bonita Springs
AQUALANE SHORES
City of Naples
BONITA BAY
Bonita Springs
COLLIER’S RESERVE
North Naples
GREY OAKS
South Naples & City of Naples
ISLE OF COLLIER
PRESERVE
South Naples
KENSINGTON
South Naples
LELY RESORT
South Naples
MEDITERRA
North Naples
MONTEREY
North Naples
MOORINGS
COQUINA SANDS
City of Naples
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
Bonita Springs
THE DUNES OF NAPLES
North Naples
TIBURON GOLF CLUB
North Naples
North Naples
