JANUARY 2020 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 January 31, 2020 for the Naples, Bonita Springs and Estero Area increased 8% year-over-year (7,663 vs 7,097).
•
There were 41 closed sales, priced above two million, in January 2020 compared to 30 in January 2019 a 37% increase. During the 12 months ending January 31, 2020, sales in this category decreased 2% over the same time period in 2019 (406 vs 414).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2020, a total of 11,258 new listings were added to the market, this is a 4% decrease vs the same time period 12 months ending January 31, 2019.
•
Available inventory as of January 31, 2020 consisted of 5,292 units, a decrease of 11% vs the same time period in 2019. 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 $660,307, a decrease of 3% vs the same time period in 2019.
•
The median sales price for the area increased 10% to $420,000 vs 2019.
NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending January 31, 2020 for the Naples, Bonita Springs and Estero Area increased 6% year-over-year (6,095 vs 5,772).
•
There were 16 closed sales priced above two million compared to 12 in January 31, 2019, a 33% increase. During the 12 months ending January 31, 2020, sales in this category increased 3% vs the same time period in 2019 (152 vs 147 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2020, a total of 8,539 new listings were added to the market, a 9% decrease vs the same time period 12 months ending January 31, 2019.
•
Available inventory as of January 31, 2020 consisted of 4,120 units, a decrease of 17% vs the same time period in 2019. Current inventory represents 10 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $411,607, remaining relatively the same with an increase of 1% vs the same time period in 2019.
•
The median sales price for the area increased 9% to $260,000 vs 2019.
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 January 31, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 4% year-over-year (387 vs 373).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2020, a total of 620 new listings were added to the market, this is a 2% decrease compared to the same time period 12 months ending January 31, 2019.
•
Available inventory as of January 31, 2020 consisted of 422 units, a decrease of 12% vs the same time period in 2019. 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 $3,605,503, which decreased 3% vs the same time period in 2019.
•
The median sales price for the area increased 6% to $3,187,500 vs 2019.
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 January 31, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 8% year-over-year (395 vs 366).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2020, a total of 640 new listings were added to the market, remaining relatively the same with a decrease of 1% vs the same time period 12 months ending January 31, 2019.
•
Available inventory as of January 31, 2020 consisted of 408 units, a 6% increase vs the same time period in 2019. Current inventory represents 11 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $1,966,163, remaining relatively the same with a decrease of less than 1% vs the same time period in 2019.
•
The median sales price for the area decreased 24% to $1,475,000 vs 2019.
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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
2016 ---------------- 10,834 2017 ---------------- 11,697 2018 ---------------- 10,759 2019 ---------------- 11,726 2020 ---------------- 11,268
8,000
6,000
Closed Units
4,000
2016 ---------------- 7,136 2017 ---------------- 6,641 2018 ----------------- 6,800 2019 ---------------- 7,097 2020 --------------- 7,665
2,000
0 2016
2017
2018
2019
2020
Naples, Bonita Springs and Estero - Condominiums 10,000
New Listings 2016 ----------------- 8,228 2017 ----------------- 9,202 2018 ----------------- 8,762 2019 ----------------- 9,348 2020 ----------------- 8,689
8,000
6,000
Closed Units
4,000
2016 ----------------- 6,260 2017 ----------------- 5,275 2018 ----------------- 5,549 2019 ----------------- 5,772 2020 ----------------- 6,096
2,000
0 2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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
$680K $631K
$599K
$629K
$660K
$500,000 $400,000 $300,000 $200,000
2016
$500,000
2017
2018
2019
2020
Naples, Bonita Springs and Estero - Condominiums
$400,000
$412K $377K
$407K
$412K
$382K
$300,000
$200,000
$100,000
0
2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 2016 -----------------2017 -----------------2018 -----------------2019 -----------------2020 ------------------
700 600
622 705 627 666 620
500 400
Closed Units 300
2016 ------------------ 349 2017 ------------------ 291 2018 ------------------ 337 2019 ------------------ 373 2020 ------------------ 387
200
0
700
2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+
600
New Listings
500
2016 ------------------ 507 2017 ------------------ 581 2018 ------------------ 626 2019 ------------------ 649 2020 ------------------ 640
400
300
Closed Units 2016 ------------------ 338 2017 ------------------ 296 2018 ------------------ 431 2019 ------------------ 366 2020 ------------------ 395
200
100
2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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
$3.707M
$3,500,000
$3.605M
$3,000,000
$3.033M
$3.169M
$3.043M
2017
2018
$2,500,000
$2,000,000
$1,500,000 0 2016
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$2.013M
$1.943M
$1.874M
$1.966M
$1.966M
2019
2020
$1,500,000
$1,000,000
$500,000
0
2016
2017
2018
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 Properties Monthly Snapshot as of January 31, 2020
ACTIVE LISTINGS
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Aqualane Shores
24 | -14.3%
17 | +26.1%
11.6 | -4.9%
Audubon
34 | +13.3%
21 | -22.2%
17.1 | +30.5%
$1,304,063 | +24.0%
20 | 0.0%
16 | 0.0%
7.8 | -39.5%
$3,500,000 | -13.3%
Bonita Bay
35 | -23.9%
66 | -14.3%
6 | -21.1%
$1,034,045 | -12.2%
The Brooks
6 | 0.0%
14 | +75%
4.6 | +31.4%
$467,273 | -1.9%
Colliers Reserve
16 | +6.7%
16 | -15.8%
9.9 | +16.5%
$1,439,994 | +27.8%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
93 | +2.2%
124 | +22.8%
10.9 | +12.4%
$2,080,874 | +.6%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
28 | +3.7%
36 | 0.0%
10.2 | +24.4%
$3,539,674 | +2.5%
Crossings
6 | -25.0%
12 | -25.0%
3.1 | -26.2%
$841,500 | +28.4%
Grey Oaks
53 | +15.2%
41 | -21.2%
15.2 | +60.0%
$2,780,748 | +17.2%
Kensington
12 | -7.7%
18 | 0.0%
5.9 | -4.8%
$834,417 | -18.0% $621,662 | -5.2%
Barefoot Beach
$4,846,105 | +4.9%
Lely Resort
92 | -12.4%
106 | -3.6%
11.0 | 0.0%
Mediterra
61 | +13.0%
49 | +63.3%
14.2 | -16.0%
$2,338,014 | +0.4%
Monterey
14 | -30.0%
23 | -32.4%
5.8 | -15.9%
$807,277 | +2.7%
Olde Naples
73 | -23.2%
78 | +23.8%
12.3 | -30.1
$4,009,531 | +5.4%
Palmira Golf & Country Club
27 | -10.0%
43 | +16.2%
8.8 | -2.2%
$562,779 | -3.0%
Pelican Bay
47 | +30.6%
50 | 0.0%
11.0 | +41.0%
Pelican Landing
38 | 0.0%
60 | +39.5%
8.1 | -27.7%
Pelican Landing (The Colony)
13 | +8.3%
7 | +40.0%
13.3 | +11.8%
Pelican Marsh
36 | +2.9%
51 | +37.8%
9.8 | -1.0%
$1,059,123 | -17.2%
Pelican Sound
1 | -50.0%
6 | -40.0%
0.6 | -53.8%
$683,333 | +12.5%
Pine Ridge
37 | +5.7%
32 | -8.6%
12.0 | +6.2%
$1,886,858 | +2.9%
Port Royal
50 | -3.8%
33 | -23.3%
15.0 | -9.6%
$9,209,432 | -10.9%
Quail Creek
16 | -36.0%
21 | -19.2%
6.9 | -38.9%
$1,090,043 | -0.4%
Quail West
59 | -13.2%
51 | -20.3%
12.5 | -11.3%
$1,816,246 | -12.7%
33 | +43.5%
31 | +34.8%
12.0 | +51.9%
$2,157,065 | +5.3%
8 | -11.1%
11 | +175.0%
3.7 | -44.8%
$1,259,909 | -33.6%
Vanderbilt Beach
33 | +17.9%
32 | +18.5%
12.9 | +30.3%
$1,876,625 | +14.8%
Vineyards
45 | -26.2%
69 | 0.0%
7.9 | -37.3%
$654,343 | +3.3%
21 | 0.0%
15 | -28.6%
10.5 | +59.1%
$1,137,976 | -8.2%
Royal Harbor Tiburon
West Bay Club
$2,879,291 | +22.3% $787,389 | +1.0% $1,742,000 | +30.9%
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 Monthly Snapshot as of January 31, 2020
ACTIVE LISTINGS
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Barefoot Beach
6 | -14.3%
21 | +40.0%
3.2 | -30.4%
$1,611,714 | +11.3%
Bonita Bay
87 | -2.2%
124 | -7.5%
8.0 | -13.0%
$762,736 | +2.3%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
50 | -13.8%
76 | -13.6%
8.3 | -5.7%
$401,357 | -7.4%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
224 | +1.4%
310 | +6.5%
9.1 | -3.2%
$1,294,822 | +7.9%
The Dunes
34 | +3.0%
44 | +22.2%
10.5 | +4.0%
$1,149,466 | +4.4%
Grey Oaks
6 | -45.5%
13 | 0.0%
4.4 | -33.3%
$858,000 | -20.9%
Kensington
13 | -40.9%
15 | -44.4%
5.9 | -49.6%
$451,933 | +2.6%
Lely Resort
129 | -4.4%
194 | +33.8%
9.3 | -13.9%
$316,168 | +4.8%
Mediterra
16 | +14.3%
16 | -33.3%
11.5 | +91.7%
$572,052 | -2.2%
Monterey
1 | -50.0%
2 | -33.3%
0.7 | -46.2%
$311,000 | -5.0%
Olde Naples
95 | -5.0%
120 | +9.1%
10.6 | +1.0%
$987,029 | +2.3%
16 | 0.0%
20 | -4.8%
8.1 | +24.6%
$313,152 | -3.5%
Palmira Golf & Country Club Pelican Bay
202 | +8.6%
257 | -4.8%
9.3 | +10.7%
$1,409,371 | +23.7%
Pelican Landing
40 | -14.9%
92 | +61.4%
6.6 | -29.8%
$331,135 | -1.6%
Pelican Marsh
58 | +1.8%
89 | +6.0%
8.5 | -2.3%
$358,743 | -5.8%
Pelican Sound
12 | -63.6%
64 | +12.3%
2.2 | -63.9%
$290,144 | -8.8%
Pine Ridge
6.4 | -16.9%
$219,837 | +19.6%
10 | -23.1%
17 | +13.3%
Tiburon
21 | -32.3%
40 | -16.7%
5.7 | -46.7%
$784,129 | +1.3%
Vanderbilt Beach
98 | +16.7%
99 | +3.1%
12.5 | +23.8%
$838,093 | -9.4%
Vineyards
85 | -25.4%
131 | -2.2%
8.1 | -32.5%
$350,073 | -6.2%
10 | +11.1%
24 | -14.3%
4.8 | +60.0%
$509,875 | -7.0%
West Bay Club
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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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