JULY 2020 LUXURY PROPERTIES MARKET REPORT Naples | Bonita Springs
NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending July 31, 2020 for the Naples and Bonita Springs Area increased 7% year-over-year (6,981 vs 6,498).
•
There were 50 closed sales, priced above two million, in July 2020 compared to 33 in July 2019, a 52% increase. During the 12 months ending July 31, 2020, sales in this category increased 12% over the same time period in 2019 (401 vs 359).
NEW LISTINGS / INVENTORY •
During the 12 months ending July 31, 2020, a total of 9,920 new listings were added to the market, this is a 4% decrease vs the same time period 12 months ending July 31, 2019.
•
Available inventory as of July 31, 2020 consisted of 3,936 units, a decrease of 12% vs the same time period in 2019. Current inventory represents 4.8 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $684,647, 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 in July 2020 increased 11% to $420,500 vs July 2019.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending July 31, 2020 for the Naples and Bonita Springs Area decreased 3% year-over-year (5,051 vs 5,227).
•
There were 9 closed sales priced above two million compared to 8 in July 2019, a 13% increase. During the 12 months ending July 31, 2020, sales in this category decreased 21% vs the same time period in 2019 (119 vs 151 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending July 31, 2020, a total of 7,795 new listings were added to the market, a 5% decrease vs the same time period 12 months ending July 31, 2019.
•
Available inventory as of July 31, 2020 consisted of 3,372 units, a decrease of 3% vs the same time period in 2019. Current inventory represents 6.9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $432,934, 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 in July 2020 increased 12% to $257,000 vs July 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 July 31, 2020 for the luxury market from Port Royal to Bonita Beach Road Area remained the same year-over-year (370 vs 370).
NEW LISTINGS / INVENTORY •
During the 12 months ending July 31, 2020, a total of 653 new listings were added to the market, remaining relatively the same with an increase of less than 1% compared to the same time period 12 months ending July 31, 2019.
•
Available inventory as of July 31, 2020 consisted of 363 units, a decrease of less than 1% vs the same time period in 2019. Current inventory represents 6.4 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $3,610,607, which decreased 4% vs the same time period in 2019.
•
The median sales price for the area in July 2020 increased 8% to $2,800,000 vs July 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 July 31, 2020 for the luxury market from Port Royal to Bonita Beach Road Area decreased 7% year-over-year (335 vs 362).
NEW LISTINGS / INVENTORY •
During the 12 months ending July 31, 2020, a total of 665 new listings were added to the market, an increase of 5% vs the same time period 12 months ending July 31, 2019.
•
Available inventory as of July 31, 2020 consisted of 369 units, an 18% increase 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 $2,047,473, decreasing 3% vs the same time period in 2019.
•
The median sales price for the area in July 2020 increased 11% to $1,657,500 vs July 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 and Bonita Springs - Single Family Properties 12,000
New Listings
10,000
2016 ---------------- 10,078 2017 ---------------- 10,153 2018 ---------------- 9,664 2019 ---------------- 10,322 2020 --------------- 9,920
8,000
6,000
Closed Units
4,000
2016 ---------------- 5,878 2017 ---------------- 6,300 2018 ----------------- 6,040 2019 ---------------- 6,498 2020 --------------- 6,981
2,000
0 2016
2017
2018
2019
2020
Naples and Bonita Springs - Condominiums 10,000
New Listings 2016 ----------------- 8,055 2017 ----------------- 8,077 2018 ----------------- 8,027 2019 ----------------- 8,221 2020 ----------------- 7,795
8,000
6,000
Closed Units
4,000
2016 ----------------- 4,969 2017 ----------------- 5,030 2018 ----------------- 4,990 2019 ----------------- 5,227 2020 ----------------- 5,051
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 and Bonita Springs - Single Family Properties $800,000 $700,000 $600,000
$663K
$701K
$689K
2018
2019
$685K
$630K
$500,000 $400,000 $300,000 $200,000
2016
2017
2020
Naples and Bonita Springs - Condominiums $500,000
$400,000
$393K
$412K
$435K
$436K
$433K
2018
2019
2020
$300,000
$200,000
$100,000
0
2016
2017
* 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
700
2016 ---------------- 678 2017 ---------------- 651 2018 ---------------- 608 2019 ---------------- 649 2020 --------------- 653
600 500 400
Closed Units
300
2016 ---------------- 323 2017 ---------------- 305 2018 ----------------- 352 2019 ---------------- 370 2020 --------------- 370
200
0
700
2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+ New Listings
600
2016 ---------------- 562 2017 ---------------- 556 2018 ---------------- 639 2019 ---------------- 631 2020 --------------- 665
500
400
300
Closed Units
200
2016 ---------------- 287 2017 ---------------- 329 2018 ----------------- 426 2019 ---------------- 362 2020 --------------- 335
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
$3,500,000
$3,000,000
$3.775M $3.323M
$3.256M
$3.611M
$3.355M
$2,500,000
$2,000,000
$1,500,000 0 2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$1.983M
$1.975M
$1.952M
2016
2017
2018
$2.109M
$2.047M
$1,500,000
$1,000,000
$500,000
0
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.
Neighborhood Snapshot Report Single Family Properties
Monthly Snapshot as of July 31, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
20
+11%
27
+23%
11.5
-8%
$5,100,262
+4%
Bonita Bay
21
-34%
55
-17%
5.9
-20%
$1,288,765
+24%
Collier’s Reserve
9
-40%
15
+25%
7.7
-17%
$1,486,993
+11%
Grey Oaks
29
-37%
52
+30%
11.9
+13%
$2,706,580
+23%
Isles of Collier Preserve
22
-16%
47
+27%
5.8
-26%
$984,080
+6%
Kensington
3
-70%
15
+7%
4.8
-27%
$804,627
-19%
Lely Resort
83
+3.8%
105
+9%
10.4
-12%
$667,056
+7%
Mediterra
42
-22%
38
-10%
12.6
-19%
$2,143,980
+2%
Monterey
7
-61%
19
-21%
4.7
-23%
$812,678
+14%
Naples Park
37
-54%
155
+13%
5.3
-36%
$452,592
+7%
Naples Reserve
31
-26%
99
+11%
7.2
-23%
$532,038
+2%
Olde Naples
44
-40%
74
+6%
10.2
-39%
$3,915,088
-7%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
76
-13%
104
-3%
9.5
-17%
$2,011,582
-5%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
17
-37%
31
-3%
7.7
-21%
$3,488,411
-5%
Pelican Bay
27
-23%
53
+10%
10.1
+2%
$2,816,670
+13%
Pelican Landing
25
-22%
40
-31%
7.7
-25%
$732,778
-9%
Pelican Marsh
26
-24%
59
+79%
7.7
-22%
$1,061,197
+16%
Pine Ridge
29
-15%
36
0%
12.9
+25%
$2,144,546
+32%
Port Royal
40
-15%
31
-23%
14.5
-11%
$9,367,581
+6%
Quail Creek
11
-27%
20
-20%
6.2
-32%
$1,009,550
-10%
Quail West
32
-37%
57
-10%
11.2
-15%
$1,891,875
-2%
Royal Harbor
25
-14%
30
+11%
11.2
+1%
$2,542,067
+18%
The Colony At Pelican Landing
11
+10%
6
0%
-3%
$1,475,667
-16%
Tiburon
9
+125%
11
+120%
4.6
+2%
$1,731,364
+45%
Vanderbilt Beach
18
-46%
35
+25%
11.1
-12%
$1,904,324
+7%
Vineyards
19
-47%
61
-8%
7.1
-27%
$668,935
-1%
12.8
* 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 Condominiums
Monthly Snapshot as of July 31, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE $793,988
% CHANGE
Bonita Bay
69
-12%
120
-9%
8.1
-7%
+1%
Grey Oaks
5
-38%
7
-56%
2.9
-47%
$811,571
-22%
Isles of Collier Preserve
8
-53%
36
+29%
7.4
-17%
$519,777
+5%
Kensington
13
+63%
10
-58%
10.2
+86%
$473,800
+7%
Lely Resort
73
-45%
174
+2%
7
-36%
$306,618
-2%
Mediterra
22
+22%
12
-8%
13.8
+89%
$561,069
-1%
Olde Naples
71
-1%
120
+12%
8.9
-23%
$930,682
-12%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
50
+14%
9
+125%
8.2
-1%
$327,222
-13%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
208
+13%
279
-4%
9
-7%
$1,348,384
+6%
Pelican Bay
133
-29%
246
-9%
8.7
-1%
$1,132,494
-21%
Pelican Landing
31
+15%
78
-3%
5.7
-35%
$339,935
+6%
Pelican Marsh
34
-35%
79
+4%
6.6
-31%
$377,390
-3%
Pine Ridge
3
-57%
17
+31%
4.3
-46%
$208,412
+6%
The Dunes of Naples
29
+20%
39
-15%
18
-6%
$1,121,512
-6%
Tiburon
19
-5%
35
-19%
6.6
0%
$786,669
-2%
Vanderbilt Beach
74
-27%
88
-6%
10.9
-9.2%
$967,047
+9%
Vineyards
46
-38%
118
-4%
6.4
-37%
$345,811
-6%
* 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 Guide LOCATIONS:
HOME STYLE:
City of Naples North Naples (North of Pine Ridge Rd.) South Naples (South of Pine Ridge Rd.) Marco Area
GOLF COURSES |
18 holes
PRICE RANGE:
| Single Family Home
| Dominant price less than $500,000
| Condominium
| Dominant price $500,000 - $1,000,000 | Dominant price over $1,000,000
27 holes
36 holes
54 holes
90 holes
BOATING | Many properties are boating oriented (have a dock or there is a community dock/marina) GATED | May or may not be manned by a security guard
COMMUNITY
HOME STYLE
GOLF COURSE
BOATING COMMUNITY
CLUB HOUSE
TENNIS
GATED
PRICE RANGE
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
* 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 Guide COMMUNITY
HOME STYLE
GOLF COURSE
BOATING COMMUNITY
CLUB HOUSE
TENNIS
GATED
PRICE RANGE
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 COLONY AT PELICAN LANDING Bonita Springs
THE DUNES OF NAPLES North Naples
TIBURON GOLF CLUB North Naples
VANDERBILT BEACH AREA North Naples
VINEYARDS North Naples
* 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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