MANAGED BY BY MANAGED
AUGUST 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 August 31, 2021 for the Naples and Bonita Springs Area increased 45% year-over-year (10,726 vs 7,382).
•
There were 50 closed sales, priced above two million in August 2021 compared to 49 in August 2020, a 2% increase. During the 12 months ending August 31, 2021, sales in this category increased 136% over the same time period in 2020 (1,031 vs 437 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending August 31, 2021, a total of 10,723 new listings were added to the market, this is a 5% increase vs the same time period 12 months ending August 31, 2020.
•
Available inventory as of August 31, 2021 consisted of 2,228 units, a decrease of 42% vs the same time period in 2020. Current inventory represents 3.3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $951,206 a 37% increase vs the same time period in 2020.
•
The median sales price for the area in August 2021 decreased 30% to $558,275 vs August 2020.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending August 31, 2021 for the Naples and Bonita Springs Area increased 76% year-over-year (9,223 vs 5,249).
•
There were 21 closed sales priced above two million compared to 60 in August 2020, a 65% decrease. During the 12 months ending August 31, 2021, sales in this category increased 97% vs the same time period in 2020 (347 vs 176 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending August 31, 2021, a total of 8,431 new listings were added to the market, a 4% increase vs the same time period 12 months ending August 31, 2020.
•
Available inventory as of August 31, 2021 consisted of 1,302 units, a decrease of 62% vs the same time period in 2020. Current inventory represents 2.6 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $530,784 an increase of 15% vs the same time period in 2020.
•
The median sales price for the area in August 2021 decreased 14% to $325,000 vs August 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 August 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 88% year-over-year (751 vs 400).
NEW LISTINGS / INVENTORY •
During the 12 months ending August 31, 2021, a total of 716 new listings were added to the market, an increase of 5% compared to the same time period 12 months ending August 31, 2020.
•
Available inventory as of August 31, 2021 consisted of 174 units, a decrease of 51% vs the same time period in 2020 (174 vs 357). 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 $4,376,377 an increase of 27% vs the same time period in 2020.
•
The median sales price for the area in August 2021 decreased 15% to $2,450,000 vs August 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 August 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 96% year-over-year (823 vs 419).
NEW LISTINGS / INVENTORY •
During the 12 months ending August 31, 2021, a total of 775 new listings were added to the market, an increase of 4% vs the same time period 12 months ending August 31, 2020.
•
Available inventory as of August 31, 2021 consisted of 158 units, a 55% decrease vs the same time period in 2020. Current inventory represents 4.4 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,211,724, increasing 6% vs the same time period in 2020.
•
The median sales price for the area in August 2021 decreased 7% to $1,924,750 vs August 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 ---------------- 10,143 2018 ---------------- 9,695 2019 ---------------- 10,264 2020 --------------- 10,250 2021 ---------------- 10,723
8,000
6,000
Closed Units
4,000
2017 ---------------- 6,311 2018 ---------------- 6,013 2019 ----------------- 6,549 2020 --------------- 7,382 2021 ---------------- 10,726
2,000
0 2017
2018
2019
2020
2021
Naples and Bonita Springs - Condominiums 10,000
New Listings 2017 ----------------- 8,121 2018 ----------------- 8,020 2019 ----------------- 8,187 2020 ---------------- 8,105 2021 ------------------ 8,431
8,000
6,000
Closed Units
4,000
2017 ----------------- 5,027 2018 ----------------- 5,049 2019 ----------------- 5,222 2020 ---------------- 5,249 2021 ------------------ 9,223
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
$951K
$800,000
$600,000
$691K
$690K
$693K
2018
2019
2020
$643K $400,000
$200,000
$0 2017
2021
Naples and Bonita Springs - Condominiums $1,00,000
$800,000
$600,000 $531K
$400,000 $414K
$435K
$438K
$460K
2017
2018
2019
2020
$200,000
$0 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 ---------------- 650 2018 ---------------- 602 2019 ---------------- 645 2020 --------------- 682 2021 ---------------- 716
700 600 500
Closed Units
400
2017 ---------------- 306 2018 ---------------- 345 2019 ----------------- 364 2020 --------------- 400 2021 ---------------- 751
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 ---------------- 588 2018 ---------------- 633 2019 ---------------- 615 2020 --------------- 746 2021 ---------------- 775
800 700 600 500
Closed Units 2017 ---------------- 329 2018 ---------------- 429 2019 ----------------- 368 2020 --------------- 419 2021 ---------------- 823
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
$4.376M
$3,500,000
$3,000,000
$3.919M $3.411M
$3.310M
2017
2018
$3.447M
$2,500,000
$2,000,000
$1,500,000 0 2019
2020
2021
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000 $1.985M
$1.929M
2017
2018
$2.110M
$2.091M
2019
2020
$2.212M
$1,500,000
$1,000,000
$500,000
0
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.
Neighborhood Snapshot Report Single Family Properties
Monthly Snapshot as of August 31, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
10
-52%
59
+111%
4.9
-59%
$6,000,463
+20%
Bonita Bay
6
-79%
96
+55%
3.7
-41%
$1,654,813
+29%
Collier’s Reserve
0
-100%
20
+33%
1.3
-83%
$1,535,125
-1%
Grey Oaks
4
-88%
88
+69%
3.2
-72%
$2,908,466
+9%
Isles of Collier Preserve
8
-68%
85
+70%
2.5
-60%
$1,240,323
+23%
2.0
-58%
$991,441
+21%
Kensington
0
-100%
17
no change
Lely Resort
9
-91%
241
+125%
3.7
-65%
$781,132
+15%
Mediterra
6
-86%
91
+117%
4.4
-65%
$2,258,195
+7%
Monterey
2
-82%
38
+81%
3.5
-24%
$956,021
+15%
Naples Park
27
-60%
257
+54%
2.4
-57%
$592,357
+28%
Naples Reserve
4
-89%
143
+34%
1.8
-75%
$767,114
+46%
Olde Naples
15
-73%
122
+58%
4.4
-57%
$4,576,750
+16%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
19
-77%
183
+58%
4.2
-57%
$2,719,880
+38%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
6
-65%
41
+32%
3.3
-58%
$4,473,720
+20%
Pelican Bay
7
-78%
89
+62%
3.9
-62%
$3,752,271
+30%
Pelican Landing
2
-94%
95
+150%
3.3
-61%
$873,905
+17%
Pelican Marsh
1
-96%
102
+79%
3.4
-55%
$1,586,880
+49%
Pine Ridge
7
-79%
58
+61%
3.9
-71%
$2,826,451
+28%
Port Royal
8
-81%
66
+100%
5.1
-65%
$11,669,894
+39%
Quail Creek
3
-75%
36
+71%
3.2
-50%
$1,503,653
+39%
Quail West
7
-80%
94
+59%
2.7
-76%
$2,539,143
+31%
Royal Harbor
8
-68%
59
+74%
2.9
-76%
$2,823,743
+4%
The Colony At Pelican Landing
0
-100%
24
+243%
3.8
-71%
$1,597,292
+6%
Tiburon
1
-90%
23
+156%
1.9
-62%
$2,138,228
+22%
Vanderbilt Beach
5
-77%
51
+28%
3.1
-72%
$2,387,332
+22%
Vineyards
8
-76%
95
+48%
2.1
-73%
$841,328
+28%
* 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 August 31, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % 12 MONTHS CHANGE
MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE
% CHANGE
Bonita Bay
16
-80%
199
+60%
4.2
-50%
$936,833
+18%
Grey Oaks
0
-100%
20
+186%
2.1
-28%
$1,050.795
+30%
Isles of Collier Preserve
1
-94%
56
+51%
2.4
-67%
$570,223
+10%
Kensington
0
-100%
38
+246%
5.8
-48%
$475,709
+1%
Lely Resort
20
-80%
288
+66%
3.6
-49%
$333,303
+8%
2
-91%
36
+200%
3.8
-72%
$619,292
+15%
Olde Naples
30
-67%
217
+82%
5.6
-43%
$1,088,633
+18%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
10
-83%
106
+126%
4.2
-59%
$644,276
+36%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
30
-87%
266
+77%
4.7
-47%
$2,041,622
+25%
Pelican Bay
25
-85%
500
+94%
4.0
-57%
$1,356,212
+14%
Pelican Landing
0
-100%
117
+46%
2.2
-63%
$385,145
14%
Pelican Marsh
1
-98%
132
+65%
2.5
-64%
$450,457
+17%
The Dunes of Naples
3
-91%
68
+258%
4.0
----
$1,209,365
+9%
1
-96%
65
+86%
3.9
44%
$815,323
+4%
Vanderbilt Beach
14
-83%
199
+126%
4.7
-58%
$1,181,231
+20%
Vineyards
5
-91%
179
+48%
3.1
-52%
$416,392
+17%
Mediterra
Tiburon
* 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.