MANAGED BY BY MANAGED
APRIL 2021 LUXURY PROPERTIES MARKET REPORT RE EA AL L E ES ST TA AT TE E R
Naples | Bonita Springs
NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending April 30, 2021 for the Naples and Bonita Springs Area increased 39% year-over-year (9,918 vs 7,129).
•
There were 119 closed sales, priced above two million in April 2021 compared to 28 in April 2020, a 325% increase. During the 12 months ending April 30, 2021, sales in this category increased 123% over the same time period in 2020 (859 vs 385).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2021, a total of 10,649 new listings were added to the market, this is a 9% increase vs the same time period 12 months ending April 30, 2020.
•
Available inventory as of April 30, 2021 consisted of 2,923 units, a decrease of 35% vs the same time period in 2020. Current inventory represents 2.9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $868,704 a 28% increase vs the same time period in 2020.
•
The median sales price for the area in April 2021 increased 33% to $550,000 vs April 2020.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending April 30, 2021 for the Naples and Bonita Springs Area increased 46% year-over-year (7,930 vs 5,446).
•
There were 45 closed sales priced above two million compared to 7 in April 2020, a 543% increase. During the 12 months ending April 30, 2021, sales in this category increased 100% vs the same time period in 2020 (306 vs 153 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2021, a total of 8,863 new listings were added to the market, a 20% increase vs the same time period 12 months ending April 30, 2020.
•
Available inventory as of April 30, 2021 consisted of 2,311 units, a decrease of 35% vs the same time period in 2020. Current inventory represents 2.2 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $511,473 an increase of 17% vs the same time period in 2020.
•
The median sales price for the area in April 2021 increased 12% to $299,500 vs April 2020.
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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 April 30, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 87% year-over-year (693 vs 371).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2021, a total of 752 new listings were added to the market, an increase of 23% compared to the same time period 12 months ending April 30, 2020.
•
Available inventory as of April 30, 2021 consisted of 280 units, a decrease of 33% vs the same time period in 2020 (280 vs 420). Current inventory represents 2.9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $4,089,541, an increase of 13% vs the same time period in 2020.
•
The median sales price for the area in April 2021 increased 8% to $3,050,000 vs April 2020.
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 April 30, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 99% year-over-year (750 vs 377).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2021, a total of 873 new listings were added to the market, an increase of 47% vs the same time period 12 months ending April 30, 2020.
•
Available inventory as of April 30, 2021 consisted of 271 units, a 26% decrease vs the same time period in 2020. Current inventory represents 2.4 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,140,010, an increase of 2% vs the same time period in 2020.
•
The median sales price for the area in April 2021 increased 16% to $1,680,000 vs April 2020.
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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
2017 ---------------- 10,138 2018 ---------------- 9,626 2019 ---------------- 10,400 2020 --------------- 9,757 2021 ---------------- 10,649
8,000
6,000
Closed Units
4,000
2017 ---------------- 6,052 2018 ---------------- 6,062 2019 ----------------- 6,283 2020 --------------- 7,129 2021 ---------------- 9,918
2,000
0 2017
2018
2019
2020
2021
Naples and Bonita Springs - Condominiums 10,000
New Listings 2017 ----------------- 8,090 2018 ----------------- 7,976 2019 ----------------- 8,300 2020 ---------------- 7,405 2021 ------------------ 8,863
8,000
6,000
Closed Units
4,000
2017 ----------------- 4,880 2018 ----------------- 4,989 2019 ----------------- 5,197 2020 ---------------- 5,446 2021 ------------------ 7,930
2,000
0 2017
2018
2019
2020
2021
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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 $1,00,000
$800,000
$869K
$600,000
$628K
$679K
$702K
$676K
$400,000
$200,000
$0 2017
2018
2019
2020
2021
Naples and Bonita Springs - Condominiums $1,00,000
$800,000
$600,000
$400,000
$402K
$511K
$442K
$423K
$438K
2018
2019
2020
$200,000
$0 2017
2021
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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+ 900
New Listings
800
2017 ---------------- 649 2018 ---------------- 622 2019 ---------------- 656 2020 --------------- 612 2021 ---------------- 752
700 600 500
Closed Units
400
2017 ---------------- 304 2018 ---------------- 323 2019 ----------------- 372 2020 --------------- 371 2021 ---------------- 693
300 200 0
2017
2018
2019
2020
2021
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+ 900
New Listings 2017 ---------------- 562 2018 ---------------- 629 2019 ---------------- 621 2020 --------------- 592 2021 ---------------- 873
800 700 600 500
Closed Units 2017 ---------------- 281 2018 ---------------- 458 2019 ----------------- 332 2020 --------------- 377 2021 ---------------- 750
400 300 200 0
2017
2018
2019
2020
2021
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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
$4.090M $3,500,000
$3,000,000
$3.757M
$3.614M
$3.300M $3.206M
$2,500,000
$2,000,000
$1,500,000 0 2017
2018
2019
2020
2021
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$1.992M $1,500,000
$1.890M
$2.055M
$2.105M
$2.140M
2020
2021
$1,000,000
$500,000
0
2017
2018
2019
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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 April 30, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
9
-67%
53
+141%
6.6
-48%
$5,473,988
-1%
Bonita Bay
5
-82%
82
+34%
5.2
-13%
$1,680,516
+41%
Collier’s Reserve
1
-93%
23
+53%
3.4
-64%
$1,556,283
+7%
Grey Oaks
5
-89%
84
+83%
5.4
-62%
$2,802,417
+10%
Isles of Collier Preserve
1
-97%
74
+54%
3.9
-30%
$1,145,880
+17%
Kensington
1
-89%
21
+62%
2.9
-45%
$850,067
+3%
Lely Resort
2
-76%
196
+65%
6.8
-35%
$728,130
+10%
Mediterra
8
-39%
83
+98%
7.7
-42%
$2,084,338
-8%
Monterey
1
-88%
29
+20%
4.4
-19%
$873,631
+17%
Naples Park
14
-82%
250
+62%
3.7
-39%
$532,379
+18%
Naples Reserve
6
-90%
152
+52%
3.5
-53%
$671,812
+31%
Olde Naples
20
-70%
118
+62%
6.9
-37%
$4,326,817
+13%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
35
-63%
179
+60%
7.1
-26%
$2,412,975
+18%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
5
-80%
37
+2.8%
4.9
-45%
$4,077,528
+18%
Pelican Bay
8
-84%
84
+65%
5.9
-43%
$3,610,959
+48%
Pelican Landing
4
-88%
78
+40%
6.2
-15%
$852,979
+12%
Pelican Marsh
9
-67%
81
+50%
4.7
-50%
$1,336,600
+31%
Pine Ridge
6
-84%
55
+62%
7.0
-47%
$2,489,094
+19%
Port Royal
11
-79%
73
+128%
9.3
-37%
$10,527,329
+4%
Quail Creek
5
-55%
25
-11%
4.8
-26%
$1,368,660
+26%
Quail West
8
-85%
92
+84%
5.5
-55%
$2,311,440
+19%
Royal Harbor
8
-77%
64
+113%
6.3
-46%
$2,788,979
+18%
The Colony At Pelican Landing
3
-70%
20
+150%
7.7
-40%
$1,574,750
-1%
Tiburon
0
-100%
18
+13%
3.3
-8%
$1,862,792
+19%
Vanderbilt Beach
4
-90%
56
+70%
5.6
-55%
$2,111,982
+20%
Vineyards
2
-96%
89
+39%
4.1
-45%
$773,712
+9%
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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 April 30, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % 12 MONTHS CHANGE
MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE
% CHANGE
Bonita Bay
17
-81%
178
+44%
6.4
-21%
$854,383
+10%
Grey Oaks
2
+100%
14
+27%
2.8
-20%
$1,045,779
+29%
Isles of Collier Preserve
10
-48%
58
+71%
4.1
-47%
$534,485
+3%
Kensington
1
-93%
36
+227%
10.3
+32%
$460,769
-1%
Lely Resort
16
-83%
244
+27%
5.4
-33%
$316,107
-1%
Mediterra
0
-100%
31
+107%
8.2
-38%
$590,806
+2%
Olde Naples
47
-54%
182
+43%
7.6
-24%
$1,112,137
+15%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
16
-72%
135
+80%
6.6
-28%
$536,334
+39%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
49
-77%
470
+60%
7.4
-15%
$1,492,382
+9%
Pelican Bay
45
-76%
428
+55%
6.4
-33%
$1,311,485
-4%
Pelican Landing
4
-91%
118
+42%
4.1
-25%
$352,305
+3%
Pelican Marsh
2
-96%
120
+40%
4.3
-43%
$422,534
+15%
The Dunes of Naples
7
-76%
65
+80%
7.2
-35%
$$1,196,699
+17%
Tiburon
3
-87%
54
+42%
6.0
-5%
$721,921
-9%
24
-72%
143
+43%
8.0
-29%
$997,216
+18%
6
-90%
142
+8%
4.4
-37%
$382,245
+12%
Vanderbilt Beach Vineyards
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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 2021. 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 2021. 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.