NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT APRIL 2022
NAPLES & BONITA SPRI NG S Single-Family Properties
CLOSED SALES •
The number of closed sales in the 12 months ending April 30, 2022 for the Naples and Bonita Springs Area decreased 12% year-over-year (8,933 vs 10,104).
•
There were 102 closed sales priced above two million in April 2022 compared to 131 in April 2021, a 22% decrease. During the 12 months ending April 30, 2022, sales in this category decreased 2% over the same time period in 2021 (861 vs 875 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2022, a total of 9,896 new listings were added to the market, this is an 8% decrease vs the same time period 12 months ending April 30, 2021.
•
Available inventory as of April 30, 2022 consisted of 2,595 units, a decrease of 13% vs the same time period in 2021. Current inventory represents 3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $1,049,965, a 21% increase vs the same time period in 2021.
•
The median sales price for the area in April 2022 increased 36% to $747,000 vs April 2021.
*Source of this market data: Southwest Florida MLS © 2022. 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.
NAPLES & BONITA SPRI NG S Condominiums
CLOSED SALES •
The number of closed sales in the 12 months ending April 30, 2022 for the Naples and Bonita Springs Area decreased 10% year-over-year (7,280 vs 8,070).
•
There were 47 closed sales priced above two million in April 2022 compared to 48 in April 2021, a 2% decrease. During the 12 months ending April 30, 2022, sales in this category increased 13% vs the same time period in 2021 (351 vs 312 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2022, a total of 7,375 new listings were added to the market, an 18% decrease vs the same time period 12 months ending April 30, 2021.
•
Available inventory as of April 30, 2022 consisted of 1,863 units, a decrease of 23% vs the same time period in 2021. Current inventory represents 3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $631,703, a 24% increase vs the same time period in 2021.
•
The median sales price for the area in April 2022 increased 52% to $462,500 vs April 2021.
*Source of this market data: Southwest Florida MLS © 2022. 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.
P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Single-Family Properties LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES •
The number of closed sales in the 12 months ending April 30, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 27% year-over-year (509 vs 698).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2022, a total of 623 new listings were added to the market, a decrease of 17% compared to the same time period 12 months ending April 30, 2021.
•
Available inventory as of April 30, 2022 consisted of 286 units, no change vs the same time period in 2021 (286 vs 286). Current inventory represents 5 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $5,371,559 an increase of 31% vs the same time period in 2021.
•
The median sales price for the area in April 2022 increased 8% to $3,395,000 vs April 2021.
*Source of this market data: Southwest Florida MLS © 2022. 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.
P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Condominiums LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES •
The number of closed sales in the 12 months ending April 30, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 8% year-over-year (700 vs 762).
NEW LISTINGS / INVENTORY •
During the 12 months ending April 30, 2022, a total of 733 new listings were added to the market, a decrease of 16% vs the same time period 12 months ending April 30, 2021.
•
Available inventory as of April 30, 2022 consisted of 249 units, a 15% decrease vs the same time period in 2021 (249 vs 294). Current inventory represents 3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,429,607, increasing 13% vs the same time period in 2021.
•
The median sales price for the area in April 2022 increased 12% to $1,875,000 vs April 2021.
*Source of this market data: Southwest Florida MLS © 2022. 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.
NAPLES & BONITA SPRI NG S YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price
New Listings
Closed Units
$1,049,965 $867,313 $701,749
$679,268
$676,211
10,400
9,626
2019
10,104
9,896
8,933
7,134
6,283
6,062
2018
10,756
9,757
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$631,703 $511,210 $441,522
$422,989
9,026
8,301
7,976 4,990
2018
$438,032
7,408 5,197
2019
8,070
7,375
7,280
5,447
2020
2021
2022
*Source of this market data: Southwest Florida MLS © 2022. 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.
P O RT ROYA L t o B O N I TA BEACH ROAD AREA YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price
New Listings
Closed Units
$5,371,559
$3,757,023
$4,092,998 $3,613,678
$3,205,507
754 656
622
698
612
623 509
372
323
2018
371
2019
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$2,429,607
$1,889,589
$2,055,365
$2,104,792
$2,144,306
898 762 629
621 458
2018
733
700
591 376
332 2019
2020
2021
2022
*Source of this market data: Southwest Florida MLS © 2022. 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.
COMMUNITY SNAP SHOT REP ORT Single-Family Properties Active Listings
% Change
Closed Past 12 Months
% Change
Months Of Supply
% Change
Average Closed Price
% Change
Aqualane Shores
12
-25%
33
-38%
2.2
-69%
$7,478,455
37%
Bonita Bay
3
-70%
65
-21%
1.1
-79%
$1,861,262
11%
Collier’s Reserve
2
100%
8
-65%
0.2
-94%
$1,808,250
16%
Grey Oaks
5
-50%
45
-46%
1.2
-78%
$3,872,600
38%
Isles of Collier Preserve
6
-54%
54
-29%
1.0
-77%
$1,731,323
53%
Kensington
1
-75%
16
-24%
1.2
-63%
$1,174,438
38%
Lely Resort
16
-67%
140
-29%
1.0
-86%
$1,016,641
40%
Mediterra
5
-62%
54
-34%
1.6
-83%
$2,827,746
35%
Monterey
0
-100%
24
-17%
0.7
-85%
$1,151,150
32%
46
35%
258
3%
1.9
-50%
$777,508
46%
9
-44%
89
-42%
1.0
-72%
$1,019,089
52%
Olde Naples
20
-38%
68
-43%
2.5
-65%
$6,166,980
43%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
32
-39%
106
-41%
2.5
-65%
$3,499,141
45%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
14
56%
40
8%
4.0
-20%
$6,051,050
48%
Pelican Bay
2
-67%
23
-21%
1.3
-71%
$4,794,894
0%
Pelican Landing
0
100%
15
-63%
0.6
-90%
$1,275,253
31%
Pelican Marsh
1
-86%
29
-37%
0.6
-88%
$1,901,233
35%
Pine Ridge
3
200%
2
-67%
2.4
9%
$3,650,000
14%
Port Royal
7
-59%
28
-62%
2.0
-79%
$17,337,357
65%
Quail Creek
4
-33%
37
48%
1.4
-71%
$1,876,432
37%
Quail West
4
-78%
53
-43%
1.4
-75%
$3,364,377
45%
Royal Harbor
13
30%
29
-55%
3.1
-51%
$4,572,454
65%
The Colony At Pelican Landing
0
-100%
11
-45%
0.6
-92%
$1,799,545
14%
Tiburon
2
0%
12
-33%
1.5
-56%
$2,829,333
52%
Vanderbilt Beach
8
0%
27
-52%
2.2
-62%
$3,457,793
64%
Vineyards
6
-46%
72
-19%
1.4
-68%
$940,965
22%
Neighborhood
Naples Park Naples Reserve
*Source of this market data: Southwest Florida MLS © 2022. 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.
COMMUNITY SNAP SHOT REP ORT Condominiums Neighborhood
Active Listings
% Change
Closed Past 12 Months
% Change
Months Of Supply
% Change
Average Closed Price
% Change
Bonita Bay
9
-69%
162
-10%
1.4
-79%
$1,154,084
35%
Grey Oaks
1
-75%
14
0%
0.7
-77%
$1,347,500
29%
Isles of Collier Preserve
6
-50%
36
-40%
1.0
-76%
$843,919
58%
Kensington
1
-67%
17
-53%
0.3
-97%
$594,515
29%
Lely Resort
9
-90%
244
0%
1.3
-77%
$433,629
37%
Mediterra
5
150%
25
-19%
1.4
-83%
$942,000
59%
Olde Naples
14
-81%
162
-12%
2.2
-73%
$1,138,355
3%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
6
-81%
118
-13%
1.2
-82%
$583,152
9%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
36
-68%
341
-28%
1.3
-83%
$2,022,941
36%
Pelican Bay
13
-66%
172
-12%
1.1
-86%
$2,114,523
30%
Pelican Landing
1
-67%
26
-38%
0.5
-87%
$488,342
36%
Pelican Marsh
1
-91%
40
-43%
0.5
-90%
$566,760
33%
The Dunes of Naples
1
-94%
43
-34%
1.2
-84%
$1,468,644
23%
Tiburon
4
-60%
43
-22%
0.7
-89%
$1,066,564
47%
Vanderbilt Beach
9
-80%
167
16%
1.5
-82%
$1,421,015
42%
Vineyards
7
-79%
144
-1%
0.9
-81%
$511,070
34%
*Source of this market data: Southwest Florida MLS © 2022. 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.
KEY
S OU THWE ST FL O R I DA COMM U NI T Y GU I D E
GOLF COURSE 18 holes 27 holes 36 holes
- City of Naples - North Naples (North of Pine Ridge Road) - South Naples (South of Pine Ridge Road) - Bonita Springs
54 holes 90 holes PRICE RANGE
$
Dominant price less than $500K
$$
Dominant price $500K to $1M
$$$
Dominant price over $1M
Neighborhood
Single-Family
Condominium
Golf Course
AQUALANE SHORES City of Naples
Boating*
Clubhouse
Tennis
Gated** Price Range
$$$
BONITA BAY Bonita Springs
90
$$$
COLLIER’S RESERVE North Naples
18
$$$
GREY OAKS South Naples & City of Naples
54
$$$
ISLE OF COLLIER PRESERVE South Naples
$$
KENSINGTON South Naples
18
$$
LELY RESORT South Naples
54
$
MEDITERRA North Naples
36
$$$
MONTEREY North Naples MOORINGS & COQUINA SANDS City of Naples
$$ 18
$$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Neighborhood
Single-Family
Condominium
Golf Course
NAPLES PARK North Naples
Boating*
Clubhouse
Tennis
Gated** Price Range
$$
NAPLES RESERVE South Naples
$
OLD NAPLES City of Naples
$$$
PARK SHORE City of Naples
$$$
PELICAN BAY North Naples
27
$$$
PELICAN LANDING Bonita Springs
54
$
PELICAN MARSH North Naples
18
$$$
PINE RIDGE North Naples
$$$
PORT ROYAL City of Naples
$$$
QUAIL CREEK North Naples
18
$$$
QUAIL WEST North Naples
36
$$$
ROYAL HARBOR City of Naples THE COLONY AT PELICAN LANDING Bonita Springs
$$$ 54
THE DUNES OF NAPLES North Naples TIBURON GOLF CLUB North Naples
$$$ 36
VANDERBILT BEACH AREA North Naples VINEYARDS North Naples
$$
$$$ $$$
36
$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
*Source of this market data: Southwest Florida MLS © 2022. 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.
239.289.2650 DustinBeard.com Dustin@DustinBeard.com
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