William Raveis Jan 2020 Market Report Dustin Beard

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 was increased 7% 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 1% 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 from $381,000 in 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, 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, 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, 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 from $1,950,000.

* 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.

Matt Lane

Office: 239-293-6225 matt.lane@raveis.com

William Raveis Real Estate

Naples, Bonita Springs and Estero | Single Family Homes Rolling 12 Months

January New Listings

Naples

10K

Bonita Springs

Estero

7,808

8K

7,342

7,141

6K

4K

2K

1,378

1,537

1,079

Matt Lane

1,448

1,170

1,100 Office: 239-293-6225

0

+9.3%

William Raveis Real Estate 2018

+11.5%

+8.4%

-6.0%

2019

-5.8% matt.lane@raveis.com -6.0%

2020 Naples & Bonita Springs & Estero: Single Family Each data point is 12 months of activity. Data is from February 6, 2020.

All data from the Naples Area Board of REALTORSŽ MLS. Data deemed reliable but not guaranteed. InfoSparks Š 2020 ShowingTime.

January Total Sales

Naples

6K

Bonita Springs

Estero

5,054

5K

4,592

4,480 4K

3K

2K

1K

905

0

938 647

+2.5% 2018

+3.6% 2019

998

714

+10.4%

+10.1%

+6.4%

726

+1.7%

2020 Naples & Bonita Springs & Estero: Single Family

matt.lane@raveis.com

William Raveis Real Estate

Naples, Bonita Springs and Estero | Single Family Homes Rolling 12 Months

January Average Sales Price $1.0M

Naples

Bonita Springs

Estero

$806,888

$0.8M

$770,666 $732,435

$0.6M

$592,724

$575,411 $536,340 $459,240

$455,835 $424,440

$0.4M

$0.2M

$0

+10.2% 2018

+7.3% 2019

-0.7%

-4.5%

+3.0%

-6.9%

2020 Naples & Bonita Springs & Estero: Single Family Each data point is 12 months of activity. Data is from February 6, 2020.

All data from the Naples Area Board of REALTORSŽ MLS. Data deemed reliable but not guaranteed. InfoSparks Š 2020 ShowingTime.

* 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.

Matt Lane

Office: 239-293-6225 matt.lane@raveis.com

William Raveis Real Estate

Naples, Bonita Springs and Estero | Condominiums Rolling 12 Months

January New Listings

Naples

10K

8K

Bonita Springs

Estero

7,864

7,481

7,378

6K

4K

2K

1,315

1,488

1,093

Matt Lane

1,302

1,068

924 Office: 239-293-6225

0

+6.6%

William Raveis Real Estate 2018

+13.2%

-2.3%

-4.9%

2019

-12.5% matt.lane@raveis.com -13.5% 2020 Naples & Bonita Springs & Estero: Condo

Each data point is 12 months of activity. Data is from February 6, 2020.

All data from the Naples Area Board of REALTORSŽ MLS. Data deemed reliable but not guaranteed. InfoSparks Š 2020 ShowingTime.

January Total Sales

Naples

6K

Bonita Springs

Estero

5,170 5K

4,842

4,684

4K

3K

2K

1K

877

0

687

939

720

+3.4% +7.1% +4.8% 2018

2019

980

734

+6.8% +4.4% +1.9% 2020 Naples & Bonita Springs & Estero: Condo

matt.lane@raveis.com

William Raveis Real Estate

Naples, Bonita Springs and Estero | Condominiums Rolling 12 Months

January Average Sales Price

Naples

$500K

Bonita Springs

Estero

$449,769 $433,474

$432,592

$400K

$386,937 $364,317

$358,776

$300K $255,405

$253,842

$260,479

$200K

$100K

$0

-3.6% +1.5% -0.6% 2018

2019

-0.2% +6.2% +2.6% 2020 Naples & Bonita Springs & Estero: Condo

Each data point is 12 months of activity. Data is from February 6, 2020.

All data from the Naples Area Board of REALTORSŽ MLS. Data deemed reliable but not guaranteed. InfoSparks Š 2020 ShowingTime.

* 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 Rolling 12 Months

Single Family Homes Monthly Snapshot as of January 31, 2020

ACTIVE LISTINGS

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

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%

Lely Resort

$621,662 | -5.2%

Barefoot Beach

AVERAGE CLOSED PRICE $4,846,105 | +4.9%

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 Rolling 12 Months

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

10 | -23.1%

17 | +13.3%

6.4 | -16.9%

$219,837 | +19.6%

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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