JUNE 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 June 30, 2020 for the Naples and Bonita Springs Area increased 5% year-over-year (6,726 vs 6,400).
•
There were 57 closed sales, priced above two million, in June 2020 compared to 35 in June 2019, a 63% increase. During the 12 months ending June 30, 2020, sales in this category increase 9% over the same time period in 2019 (383 vs 351).
NEW LISTINGS / INVENTORY •
During the 12 months ending June 30, 2020, a total of 9,802 new listings were added to the market, this is a 6% decrease vs the same time period 12 months ending June 30, 2019.
•
Available inventory as of June 30, 2020 consisted of 4,265 units, a decrease of 9% vs the same time period in 2019. 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 $682,691, 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 June 2020 increased 6% to $397,000 vs June 2019.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending June 30, 2020 for the Naples and Bonita Springs Area decreased 4% year-over-year (4,964 vs 5,194).
•
There were 8 closed sales priced above two million compared to 20 in June 2019, a 60% decrease. During the 12 months ending June 30, 2020, sales in this category decreased 20% vs the same time period in 2019 (118 vs 148 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending June 30, 2020, a total of 7,614 new listings were added to the market, a 7% decrease vs the same time period 12 months ending June 30, 2019.
•
Available inventory as of June 30, 2020 consisted of 3,470 units, a decrease of 6% 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 $432,783, 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 June 2020 increased 2% to $264,000 vs June 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 June 30, 2020 for the luxury market from Port Royal to Bonita Beach Road Area decreased 4% year-over-year (348 vs 360).
NEW LISTINGS / INVENTORY •
During the 12 months ending June 30, 2020, a total of 652 new listings were added to the market, remaining relatively the same with an increase of 1% compared to the same time period 12 months ending June 30, 2019.
•
Available inventory as of June 30, 2020 consisted of 407 units, an increase of 3% vs the same time period in 2019. Current inventory represents 9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $3,661,924, which decreased 2% vs the same time period in 2019.
•
The median sales price for the area in June 2020 remained the same at $3,250,000 vs June 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 June 30, 2020 for the luxury market from Port Royal to Bonita Beach Road Area decreased 7% year-over-year (327 vs 352).
NEW LISTINGS / INVENTORY •
During the 12 months ending June 30, 2020, a total of 642 new listings were added to the market, an increase of 3% vs the same time period 12 months ending June 30, 2019.
•
Available inventory as of June 30, 2020 consisted of 367 units, an 8% 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 $2,116,537, remaining relatvely the same with an increase of less than 1% vs the same time period in 2019.
•
The median sales price for the area in June 2020 decreased 17% to $1,600,000 vs June 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 ---------------- 10,188 2017 ---------------- 10,127 2018 ---------------- 9,589 2019 ---------------- 10,404 2020 --------------- 9,802
8,000
6,000
Closed Units
4,000
2016 ---------------- 5,958 2017 ---------------- 6,227 2018 ----------------- 6,052 2019 ---------------- 6,400 2020 --------------- 6,726
2,000
0 2016
2017
2018
2019
2020
Naples and Bonita Springs - Condominiums 10,000
New Listings 2016 ----------------- 8,047 2017 ----------------- 8,083 2018 ----------------- 8,022 2019 ----------------- 8,207 2020 ----------------- 7,614
8,000
6,000
Closed Units
4,000
2016 ----------------- 5,031 2017 ----------------- 5,043 2018 ----------------- 4,939 2019 ----------------- 5,194 2020 ----------------- 4,964
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
$665K
$697K
$687K
2018
2019
$682K
$634K
$500,000 $400,000 $300,000 $200,000
2016
$500,000
2017
2020
Naples and Bonita Springs - Condominiums
$400,000
$389K
$412K
$435K
$433K
$432K
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 ---------------- 671 2017 ---------------- 657 2018 ---------------- 606 2019 ---------------- 644 2020 --------------- 652
600 500 400
Closed Units
300
2016 ---------------- 341 2017 ---------------- 305 2018 ----------------- 349 2019 ---------------- 360 2020 --------------- 347
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 ---------------- 576 2017 ---------------- 550 2018 ---------------- 636 2019 ---------------- 626 2020 --------------- 642
500
400
300
Closed Units
200
2016 ---------------- 281 2017 ---------------- 328 2018 ----------------- 432 2019 ---------------- 352 2020 --------------- 327
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
$3.744M
$3,500,000
$3,000,000
$3.287M
$3.287M
$3.378M
2016
2017
2018
$3.665M
$2,500,000
$2,000,000
$1,500,000 0 2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$2.012M
$1.976M
$1.910M
2017
2018
$2.097M
$2.116M
2019
2020
$1,500,000
$1,000,000
$500,000
0
2016
* 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 June 30, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
25
-7.4%
26
+18%
11.5
-9%
$5,051,692
+2.5%
Bonita Bay
31
-34%
56
-19%
5.9
-20%
$1,278,072
+23%
Collier’s Reserve
13
-19%
16
+33%
8.2
-7%
$1,503,431
+19%
Grey Oaks
47
-11%
52
+30%
12.4
-7%
$2,696,965
+16%
Isles of Collier Preserve
22
+10%
46
+28%
5.8
-28%
$983,532
+6%
Kensington
10
-23%
13
-13%
5.0
-24%
$826,646
-17%
Lely Resort
91
-13%
108
+20%
10.3
-13%
$673,485
+9%
Mediterra
56
-3%
37
-8%
12.8
-18%
$2,251,671
+5%
Monterey
11
-35%
20
-13%
4.8
-20%
$801,819
+8%
Naples Park
70
-29%
145
+9%
5.5
+34%
$452,409
+9%
Naples Reserve
54
0%
89
+7%
7.4
-25%
$520,719
-3%
Olde Naples
65
-28%
69
-6%
10.6
-37%
$4,012,051
-4%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
86
-11%
96
-5%
9.4
-18%
$2,010,070
-3%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
23
-18%
32
+7%
7.9
-19%
$3,618,617
+6%
Pelican Bay
43
-2%
49
+4%
10.2
+6%
$2,782,276
+9%
Pelican Landing
35
-13%
42
-229%
7.5
-29%
$735,300
-9%
Pelican Marsh
34
0%
57
+73%
8.1
-15.6%
$1,035,004
+16%
Pine Ridge
39
+15%
33
-8%
13
+23%
$2,167,013
+36%
Port Royal
47
-11%
27
-31%
14.5
-10%
$10,263,519
+20%
Quail Creek
14
-36%
22
-21%
6.2
-35%
$999,950
-12%
Quail West
51
-26%
50
-19%
11.8
-12%
$1,955,978
+4%
Royal Harbor
31
+3%
28
+8%
11.2
+4%
$2,310,214
+10%
The Colony At Pelican Landing
13
0%
7
+17%
-2%
$1,398,429
-32%
Tiburon
8
-11%
12
+200%
4.2
-13%
$1,674,583
+36%
Vanderbilt Beach
32
0%
33
+22%
11.3
-8%
$1,895,949
+5%
Vineyards
39
-32%
57
-21%
7.1
-29%
$688,450
+5%
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 June 30, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Bonita Bay
84
-8%
114
-15%
8.0
-9%
$786,277
+2%
Grey Oaks
4
-56%
8
-47%
3.1
-45%
$830,750
-20%
Isles of Collier Preserve
21
+17%
35
+40%
7.6
-16%
$516,238
+4%
Kensington
14
-7%
9
-63%
9.1
+47%
$479,778
+9%
Lely Resort
110
-20%
171
+3%
7.2
-34%
$310,036
-1%
Mediterra
21
+75%
13
-7%
13.9
+111%
$567,910
+1%
Olde Naples
88
-15%
116
+7%
9.0
-21%
$900,740
-16%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
53
+6%
68
-6%
9.5
+42%
$411,262
+4%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
217
-6.5%
243
-8%
8.7
0%
$1,387,274
+14%
Pelican Bay
190
-2%
256
-4%
8.9
+4%
$1,206,500
-14%
Pelican Landing
39
-15%
72
-7%
5.6
-39%
$345,709
+8%
Pelican Marsh
48
-23%
79
+4%
6.7
-28%
$370,304
-6%
Pine Ridge
7
-42%
15
+15%
4.3
-47%
$204,333
-10%
The Dunes of Naples
37
+6%
39
+15%
19
+111%
$1,072,513
-12%
Tiburon
21
-16%
36
-18%
6.4
-7%
$766,268
-8%
Vanderbilt Beach
88
-8%
88
-9%
11.1
-5%
$976,598
+12%
Vineyards
69
-36%
119
-6%
6.6
-37%
$345,884
-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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