NOVEMBER 2019 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 November 30, 2019 for the Naples, Bonita Springs and Estero Area was relatively unchanged year-over-year (7,395 vs 7,402).
•
There were 25 closed sales, priced above two million, in November 2019 compared to 22 in November 2018 a 13% increase. During the 12 months ending November 30, 2019, sales in this category decreased 7% over the same time period in 2018 (379 vs 409).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2019, a total of 11,335 new listings were added to the market, this is relatively unchanged vs the same time period 12 months ending November 30, 2018.
•
Available inventory as of November 30, 2019 consisted of 4,899 units, a decrease of 8% vs the same time period in 2018. 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 $653,840 which remained relatively the same with a decrease of 2% vs the same time period in 2018.
•
The median sales price for the area decreased less than 2% to $385,357 from $390,921 in 2018.
NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending November 30, 2019 for the Naples, Bonita Springs and Estero Area was unchanged year-over-year (5,872 vs 5,860).
•
There were 7 closed sales priced above two million in November 30, 2019, 30% fewer than November 2018. During the 12 months ending November 30, 2019, sales in this category were unchanged vs the same time period in 2018 (150 vs 149 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2019, a total of 8,725 new listings were added to the market, a 1% decrease vs the same time period 12 months ending November 30, 2018.
•
Available inventory as of November 30, 2019 consisted of 4,328 units, a decrease of 13% vs the same time period in 2018. 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 $407,000, a decrease of 4% vs the same time period in 2018.
•
The median sales price for the area remained relatively the same with a decrease of 1% to $245,209 vs 2018.
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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 November 30, 2019 for the luxury market from Port Royal to Bonita Beach Road Area decreased 7% year-over-year (361 vs 389).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2019, a total of 631 new listings were added to the market, this is approximately 8% fewer listings than the same time period 12 months ending November 30, 2018.
•
Available inventory as of November 30, 2019 consisted of 378 units, a decrease of 7% vs the same time period in 2018. Current inventory represents 18 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $3,729,491, which increased 10% vs the same time period in 2018.
•
The median sales price for the area increased 6% to $2,695,792 from $2,546,354.
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 November 30, 2019 for the luxury market from Port Royal to Bonita Beach Road Area decreased 19% year-over-year (374 vs 461).
NEW LISTINGS / INVENTORY •
During the 12 months ending November 30, 2019, a total of 607 new listings were added to the market, a decrease of 4% vs the same time period 12 months ending November 30, 2018.
•
Available inventory as of November 30, 2019 consisted of 485 units, unchanged vs the same time period in 2018. Current inventory represents 20 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $1,806,449, a decrease of 3% vs the same time period in 2018.
•
The median sales price for the area decreased 7% to $1,439,917 from $1,550,639.
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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
2015 ---------------- 10,807 2016 ---------------- 11,606 2017 ---------------- 10,673 2018 ---------------- 11,802 2019 ---------------- 11,335
8,000
6,000 Closed Units
4,000
2015 ---------------- 7,160 2016 ---------------- 6,616 2017 ---------------- 6,878 2018 ---------------- 7,090 2019 ---------------- 7,402
2,000 0
2015
2016
2017
2018
2019
Naples, Bonita Springs and Estero - Condominiums 10,000
New Listings 2015 ----------------- 8,174 2016 ----------------- 9,133 2017 ----------------- 8,773 2018 ----------------- 9,384 2019 ----------------- 8,725
8,000
6,000
Closed Units
4,000
2015 ----------------- 6,360 2016 ----------------- 5,335 2017 ----------------- 5,424 2018 ----------------- 5,933 2019 ----------------- 5,872
2,000
0
2015
2016
2017
2018
2019
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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
$628K
$605K
$632K
$667K
$653K
2018
2019
$500,000 $400,000 $300,000 $200,000 2015
$500,000
2016
2017
Naples, Bonita Springs and Estero - Condominiums
$400,000
$422K $376K
$382K
$390K
$407K
$300,000
$200,000
$100,000
0
2015
2016
2017
2018
2019
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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 2015 -----------------2016 -----------------2017 -----------------2018 -----------------2019 ------------------
700 600
636 687 595 650 631
500 400 Closed Units
300
2015 ------------------ 358 2016 ------------------ 289 2017 ------------------ 331 2018 ------------------ 365 2019 ------------------ 361
200
0
700
2015
2016
2017
2018
2019
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+
600
New Listings
500
2015 ------------------ 481 2016 ------------------ 582 2017 ------------------ 560 2018 ------------------ 643 2019 ------------------ 607
400 300
Closed Units 2015 ------------------ 339 2016 ------------------ 298 2017 ------------------ 337 2018 ------------------ 456 2019 ------------------ 367
200 100
2015
2016
2017
2018
2019
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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
$3.731M $3.232M
$3.145M
$3.208M
$3.385M
$2,500,000 $2,000,000 $1,500,000 0
2015
2016
2017
2018
2019
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000 $2,000,000 $2.046M
$1.956M
$1.856M
$1.940M
$1.927M
2018
2019
$1,500,000
$1,000,000
$500,000
0
2015
2016
2017
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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 12-Month Sold Comparison Report for Select Communities
Single Family Homes ACTIVE LISTINGS
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
Aqualane Shores
22
16
11
$4,628,987
Audubon
33
23
16
$880,000
Barefoot Beach
21
19
9
$4,683,526
Bonita Bay
41
66
7
$817,500
The Brooks
7
15
5
$470,255
Colliers Reserve
16
14
10
$1,347,500
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
98
107
12
$1,900,000
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
29
33
10
$3,469,470
Crossings
6
12
3
$770,167
Grey Oaks
55
38
15
$2,090,000
Kensington
12
18
6
$904,194
Lely Resort
95
101
11
$613,441
Mediterra
62
39
15
$2,000,000
Monterey
15
22
6
$757,722
Olde Naples
80
75
14
$3,300,000
Palmira Golf & Country Club
28
45
9
$574,164
Pelican Bay
48
47
11
$1,600,000
Pelican Landing
39
56
9
$814,435
Pelican Landing (The Colony)
14
6
13
$1,410,000
Pelican Marsh
35
44
10
$965,915
Pelican Sound
1
5
1
$675,000
Pine Ridge
35
27
11
$1,814,980
Port Royal
50
37
15
$7,800,000
Monthly Snapshot as of November 30, 2019
AVERAGE CLOSED PRICE
Quail Creek
18
24
7
$1,166,269
Quail West
62
54
13
$1,637,500
Royal Harbor
32
27
12
$2,097,185
8
10
4
$1,262,000
35
29
14
$1,819,276
Vineyards
48
67
8
$674,353
West Bay Club
20
14
10
$915,000
Tiburon Vanderbilt Beach
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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 12-Month Sold Comparison Report for Select Communities
CONDOMINIUMS ACTIVE LISTINGS
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
6
20
3
$1,661,425
Bonita Bay
89
134
8
$417,500
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
50
61
8
$400,846
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
227
297
9
$950,000
The Dunes
34
37
11
$1,159,122
Grey Oaks
7
12
5
$885,000
Monthly Snapshot as of November 30, 2019 Barefoot Beach
AVERAGE CLOSED PRICE
Kensington
12
17
5
$469,941
Lely Resort
133
192
10
$287,435
Mediterra
15
13
10
$596,833
Monterey
1
2
1
$311,000
Olde Naples
96
109
11
$1,052,041
Palmira Golf & Country Club
16
20
8
$312,152
200
247
9
$1,334,490
Pelican Bay Pelican Landing
42
83
8
$323,825
Pelican Marsh
58
90
9
$367,546
Pelican Sound
16
67
3
$292,996
Pine Ridge
10
16
7
$224,827
Tiburon
22
40
6
$728,904
Vanderbilt Beach
99
91
13
$809,640
Vineyards
93
126
9
$346,167
West Bay Club
10
18
5
$592,611
* The source of this market data is the Southwest Florida MLS, Copyright 2019. 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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