BONITA SPRINGS
LUXURY PROPERTIES MARKET REPORT
SEPTEMBER 2024
NAPLES & BONITA SPRINGS
Single-Family Properties
CLOSED SALES
• The number of closed sales in the 12 months ending September 30th, 2024 for the Naples and Bonita Springs Area decreased 10% year-over-year (5,863 vs 6,526).
• There were 32 closed sales priced above two million in September 2024 compared to 44 in September 2023; a 27% decrease. During the 12 months ending September 30th, 2024, sales in this category decreased 10% over the same time period in 2023 (677 vs 756 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending September 30th, 2024, a total of 10,115 new listings were added to the market, this is a 12% increase vs the same time period 12 months ending September 30th, 2023.
• Available inventory as of September 30th, 2024 consisted of 3,428 units, an increase of 22% vs the same time period in 2023. 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 $1,190,771, a 2% increase vs the same time period in 2023.
• The median sales price for the area in September 2024 increased 1% to $710,000 vs September 2023.
NAPLES & BONITA SPRINGS
Condominiums
CLOSED SALES
• The number of closed sales in the 12 months ending September 30th, 2024 for the Naples and Bonita Springs Area decreased 12% year-over-year (4,302 vs 4,880).
• There were 15 closed sales priced above two million in September 2024 compared to 12 in September 2023; a 25% increase. During the 12 months ending September 30th, 2024, sales in this category increased 4% over the same time period in 2023 (463 vs 444 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending September 30th, 2024, a total of 7,944 new listings were added to the market, a 21% increase vs the same time period 12 months ending September 30th, 2023.
• Available inventory as of September 30th, 2024 consisted of 2,771 units, an increase of 36% 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 $851,202, a 5% increase vs the same time period in 2023.
• The median sales price for the area in September 2024 decreased 115% to $403,750 vs September 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 September 30th, 2024 for the luxury market from Port Royal to Bonita Beach Road Area decreased 24% yearover-year (293 vs 387).
NEW LISTINGS / INVENTORY
• During the 12 months ending September 30th, 2024, a total of 772 new listings were added to the market, a decrease of 8% compared to the same time period 12 months ending September 30th, 2023.
• Available inventory as of September 30th, 2024 consisted of 329 units, a 3% decrease vs the same time period in 2023 (329 vs 339). 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 $4,979,210 an increase of 7% vs the same time period in 2023.
• The median sales price for the area in September 2024 increased 23% to $4,325,000 vs September 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 September 30th, 2024 for the luxury market from Port Royal to Bonita Beach Road Area increased 2% year-overyear (634 vs 622).
NEW LISTINGS / INVENTORY
• During the 12 months ending September 30th, 2024, a total of 1,141 new listings were added to the market, an increase of 20% vs the same time period 12 months ending September 30th, 2023.
• Available inventory as of September 30th, 2024 consisted of 359 units, an 8% increase vs the same time period in 2023 (359 vs 332). 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 $2,615,042 increasing 7% vs the same time period in 2023.
• The median sales price for the area in September 2024 increased 26% to $2,025,000 vs September 2023.
NAPLES & BONITA SPRINGS
MARKET TRENDS
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 SEPTEMBER, 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 COLONY AT PELICAN LANDING
Bonita Springs
THE DUNES OF NAPLES
North Naples
TIBURON GOLF CLUB
North Naples
North Naples
