BONITA SPRINGS
NAPLES
SEPTEMBER 2022 LUXURY PROPERTIES MARKET REPORT
NAPLES & BONITA SPRINGS
Single-Family Properties
CLOSED SALES
• The number of closed sales in the 12 months ending September 30, 2022 for the Naples and Bonita Springs Area decreased 28% year-over-year (7,648 vs 10,661).
• There were 29 closed sales priced above two million in September 2022 compared to 44 in September 2021; a 34% decrease. During the 12 months ending September 30, 2022, sales in this category decreased 22% over the same time period in 2021 (807 vs 1,032 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending September 30, 2022, a total of 9,758 new listings were added to the market, this is an 8% decrease vs the same time period 12 months ending September 30, 2021.
• Available inventory as of September 30, 2022 consisted of 2,590 units, an increase of 12% vs the same time period in 2021. 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 $1,123,909, a 16% increase vs the same time period in 2021.
• The median sales price for the area in September 2022 increased 19% to $650,000 vs September 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 SPRINGS
Condominiums
CLOSED SALES
• The number of closed sales in the 12 months ending September 30, 2022 for the Naples and Bonita Springs Area decreased 35% year-over-year (6,043 vs 9,318).
• There were 15 closed sales priced above two million in September 2022 compared to 21 in September 2021, a 29% decrease. During the 12 months ending September 30, 2022, sales in this category increased 2% vs the same time period in 2021 (357 vs 350 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending September 30, 2022, a total of 7,033 new listings were added to the market, a 17% decrease vs the same time period 12 months ending September 30, 2021.
• Available inventory as of September 30, 2022 consisted of 1,564 units, an increase of 16% vs the same time period in 2021. Current inventory represents 6 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $694,037, a 29% increase vs the same time period in 2021.
•
The median sales price for the area in September 2022 increased 25% to $420,000 vs September 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.
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 30, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 41% yearover-year (433 vs 740).
NEW LISTINGS / INVENTORY
• During the 12 months ending September 30, 2022, a total of 662 new listings were added to the market, a decrease of 5% compared to the same time period 12 months ending September 30, 2021.
• Available inventory as of September 30, 2022 consisted of 230 units, a 24% increase vs the same time period in 2021 (230 vs 185). Current inventory represents 33 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $5,381,308 an increase of 19% vs the same time period in 2021.
• The median sales price for the area in September 2022 decreased 19% to $2,200,000 vs September 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.
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 30, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 22% yearover-year (636 vs 819).
• During the 12 months ending September 30, 2022, a total of 741 new listings were added to the market, a decrease of 5% vs the same time period 12 months ending September 30, 2021.
• Available inventory as of September 30, 2022 consisted of 201 units, an 18% increase vs the same time period in 2021 (201 vs 171). Current inventory represents 8 months of supply based on current absorption rates.
NEW LISTINGS / INVENTORY AVERAGE & MEDIAN SALES PRICE
•
The year-over-year average sales price for the area was $2,507,196, increasing 11% vs the same time period in 2021.
•
The median sales price for the area in September 2022 increased 2% to $1,750,000 vs September 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.
YEAR-OVER-YEAR MARKET TRENDS
MARKET
*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 SPRINGS Single-Family Properties Average Sales Price New Listings Closed Units YEAR-OVER-YEAR
TRENDS Condominium Properties Average Sales Price New Listings Closed Units 10,178 10,257 10,437 10,592 9,758 6,167 6,610 7,708 10,661 7,648 $690,591 $683,193 $704,019 $967,043 $1,123,909 2018 2019 2020 2021 2022 8,334 8,199 8,225 8,429 7,033 5,137 5,245 5,422 9,318 6,043 $437,442 $439,097 $470,102 $536,485 $694,037 2018 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. Average Sales Price New Listings Closed Units Average Sales Price New Listings Closed Units PORT ROYAL to BONITA BEACH ROAD AREA YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties YEAR-OVER-YEAR MARKET TRENDS Condominium Properties 633 638 692 696 662 355 360 420 740 433 $3,298,768 $3,923,766 $3,429,843 $4,532,543 $5,381,308 2018 2019 2020 2021 2022 648 606 772 783 741 435 366 456 819 636 $1,922,794 $2,124,154 $2,083,834 $2,256,969 $2,507,196 2018 2019 2020 2021 2022
SNAPSHOT REPORT
Single-Family Properties
Aqualane Shores 13 44% 19 -68% 4.1 17% $8,977,368 49%
Bonita Bay 8 -11% 48 -50% 1.0 -58% $2,185,484 32%
Collier’s Reserve 1 0% 12 -40% 0.7 40% $2,149,667 40%
Grey Oaks 12 50% 35 -61% 2.0 11% $4,830,800 65%
Isles of Collier Preserve 12 100% 38 -57% 1.3 8% $2,231,566 78%
Kensington 0 -100% 16 -11% 0.5 -44% $1,159,384 16%
Lely Resort 26 160% 97 -58% 1.6 -11% $1,267,446 59%
Mediterra 15 114% 44 -51% 1.8 -36% $3,334,295 47%
Monterey 3 50% 16 -57% 0.9 -47% $1,303,131 36%
Naples Park 72 157% 225 -13% 2.3 53% $941,707 56%
Naples Reserve 13 117% 66 -53% 1.2 20% $1,205,834 53%
Olde Naples 13 -32% 56 -51% 3.0 -3% $7,390,365 59%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
33 50% 76 -59% 3.8 36% $4,183,090 50%
19 58% 28 -32% 5.5 96% $6,836,429 56%
Pelican Bay 8 -11% 38 -58% 1.4 -44% $4,703,013 25%
Pelican Landing 4 300% 46 -50% 1.0 -33% $1,409,598 59%
Pelican Marsh 6 200% 35 -64% 0.9 -47% $2,044,214 26%
Pine Ridge 15 88% 23 -57% 5.0 7900% $4,830,144 62%
Port Royal 11 0% 25 -62% 3.2 -14% $19,515,803 67%
Quail Creek 9 350% 29 -24% 1.8 -18% $2,112,862 37%
Quail West 7 0% 45 -46% 1.5 -6% $3,790,911 46%
Royal Harbor 9 -25% 25 -51% 3.5 59% $5,258,280 81%
The Colony At Pelican Landing 0 0% 7 -70% 0.3 -86% $2,310,714 43%
Tiburon 1 -50% 6 -54% 0.8 0% $2,659,667 12%
Vanderbilt Beach 12 100% 23 -56% 2.9 32% $3,938,221 57%
Vineyards 8 -20% 58 -38% 1.4 25% $1,167,720 38%
*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
Neighborhood Active Listings Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change
SNAPSHOT REPORT
Condominiums
Bonita Bay 15 -12% 150 -24% 1.0 -64% $1,183,711 23%
Grey Oaks 0 -100% 15 -29% 0.6 -46% $1,772,667 69%
Isles of Collier Preserve 4 300% 40 -27% 0.9 -25% $958,059 64%
Kensington 0 -100% 17 -55% 0.6 -84% $715,706 48%
Lely Resort 25 9% 196 -31% 0.9 -59% $511,067 52%
Mediterra 4 100% 21 -43% 1.0 -52% $1,195,143 91%
Olde Naples 26 -13% 134 -38% 1.8 -58% $1,516,079 37%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 22 175% 93 -42% 1.3 -46% $639,056 11%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 37 6% 283 -44% 1.2 -60% $2,220,915 38%
Pelican Bay 20 -23% 301 -40% 0.7 -71% $1,799,487 27%
Pelican Landing 1 -67% 57 -47% 0.5 -58% $529,956 36%
Pelican Marsh 4 100% 64 -51% 0.6 -57% $737,023 62%
The Dunes of Naples 9 200% 36 -47% 1.1 -52% $1,856,105 51%
Tiburon 6 200% 23 -56% 1.2 7100% $1,205,457 34%
Vanderbilt Beach 22 16% 110 -44% 1.4 -56% $1,351,832 10%
Vineyards 13 44% 112 -37% 1.0 -41% $594,809 39%
*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
Neighborhood Active Listings Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change
SOUTHWEST
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
& COQUINA SANDS City of Naples
MOORINGS
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
FLORIDA COMMUNITY GUIDE - City of Naples - North Naples (North of Pine Ridge Road) - South Naples (South of Pine Ridge Road) - Bonita Springs GOLF COURSE KEY PRICE RANGE 18 holes 27 holes 36 holes 54 holes 90 holes Dominant price less than $500K Dominant price $500K to $1M Dominant price over $1M $ $$ $$$ $$ $$18 $54 $$$36 $$ $$$18 $$$54 $$$18 $$$90 $$$ *Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified. Neighborhood Golf Course Clubhouse Tennis Gated** Price RangeBoating*Single-Family Condominium
NAPLES PARK
North Naples
NAPLES RESERVE
South Naples
OLD NAPLES City of Naples PARK SHORE City of Naples
PELICAN BAY North Naples
PELICAN LANDING
Bonita Springs
PELICAN MARSH North Naples
PINE RIDGE North Naples
PORT ROYAL City of Naples
QUAIL CREEK North Naples QUAIL WEST North Naples
ROYAL HARBOR City of Naples
THE COLONY AT PELICAN LANDING Bonita Springs
THE DUNES OF NAPLES
North Naples
TIBURON GOLF CLUB North Naples
VANDERBILT BEACH AREA
North Naples
VINEYARDS
North Naples
Neighborhood Golf Course Clubhouse Tennis Gated** Price RangeBoating*Single-Family Condominium
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard. $$$ $$$ $$$ $$$ $ $$$ $$$ $$$ $$$ $$$ $$ $$ $$ $54 $$$27 $$$ $$$ 18 18 36 36 36 54 *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.
| RAVEIS.COM | 239.289.2650 DustinBeard.com Dustin@DustinBeard.com