MANAGED BY BY MANAGED
FEBRUARY 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 February 28, 2021 for the Naples and Bonita Springs Area increased 29% year-over-year (9,091 vs 7,062).
•
There were 68 closed sales, priced above two million in February 2021 compared to 37 in February 2020, an 84% increase. During the 12 months ending February 28, 2021, sales in this category increased 78% over the same time period in 2020 (695 vs 390).
NEW LISTINGS / INVENTORY •
During the 12 months ending February 28, 2021, a total of 9,964 new listings were added to the market, a decrease of 2% vs the same time period 12 months ending February 29, 2020.
•
Available inventory as of February 28, 2021 consisted of 3,252 units, a decrease of 36% 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 $812,857 a 19% increase vs the same time period in 2020.
•
The median sales price for the area in February 2021 increased 22% to $495,000 vs February 2020.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending February 28, 2021 for the Naples and Bonita Springs Area increased 20% year-over-year (6,725 vs 5,605).
•
There were 30 closed sales priced above two million compared to 11 in February 2020, a 173% increase. During the 12 months ending February 28, 2021, sales in this category increased 72% vs the same time period in 2020 (258 vs 150 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending February 28, 2021, a total of 8,064 new listings were added to the market, a 2% increase vs the same time period 12 months ending February 29, 2020.
•
Available inventory as of February 28, 2021 consisted of 2,877 units, a decrease of 30% vs the same time period in 2020. Current inventory represents 3.9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $498,094 an increase of 14% vs the same time period in 2020.
•
The median sales price for the area in February 2021 increased 12% to $297,250 vs February 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 February 28, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 48% year-over-year (574 vs 388).
NEW LISTINGS / INVENTORY •
During the 12 months ending February 28, 2021, a total of 663 new listings were added to the market, an increase of 4% compared to the same time period 12 months ending February 29, 2020.
•
Available inventory as of February 28, 2021 consisted of 310 units, a decrease of 33% vs the same time period in 2020 (310 vs 466). 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 $3,922,354, an increase of 9% vs the same time period in 2020.
•
The median sales price for the area in February 2021 increased 26% to $3,470,000 vs February 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 February 28, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 59% year-over-year (607 vs 381).
NEW LISTINGS / INVENTORY •
During the 12 months ending February 28, 2021, a total of 762 new listings were added to the market, an increase of 22% vs the same time period 12 months ending February 29, 2020.
•
Available inventory as of February 28, 2021 consisted of 328 units, a 25% decrease vs the same time period in 2020. 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 $2,117,255, remaining relatively the same with a decrease of less than 1% vs the same time period in 2020.
•
The median sales price for the area in February 2021 increased 17% to $1,880,000 vs February 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 ---------------- 10,271 2018 ---------------- 9,553 2019 ---------------- 10,439 2020 ---------------- 10,167 2021 --------------- 9,964
8,000
6,000
Closed Units
4,000
2017 ---------------- 5,929 2018 ---------------- 6,003 2019 ----------------- 6,286 2020 ---------------- 7,062 2021 --------------- 9,091
2,000
0 2017
2018
2019
2020
2021
Naples and Bonita Springs - Condominiums 10,000
New Listings 2017 ----------------- 8,228 2018 ----------------- 7,883 2019 ----------------- 8,392 2020 ----------------- 7,940 2021 ----------------- 8,064
8,000
6,000
Closed Units
4,000
2017 ----------------- 4,853 2018 ----------------- 4,958 2019 ----------------- 5,082 2020 ----------------- 5,605 2021 ----------------- 6,725
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
$813K
$800,000
$600,000
$621K
$665K
2017
2018
$706K
$683K
$400,000
$200,000
$0 2019
2020
2021
Naples and Bonita Springs - Condominiums $1,00,000
$800,000
$600,000
$400,000
$396K
$498K
$445K
$421K
$437K
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+ 800
New Listings
700
2017 ---------------- 681 2018 ---------------- 608 2019 ---------------- 666 2020 ---------------- 636 2021 --------------- 663
600 500 400
Closed Units
300
2017 ---------------- 287 2018 ---------------- 337 2019 ----------------- 354 2020 ---------------- 388 2021 --------------- 574
200
0
2017
2018
2019
2020
2021
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+ New Listings
800
2017 ---------------- 569 2018 ---------------- 628 2019 ---------------- 626 2020 ---------------- 625 2021 --------------- 762
700 600 500 400
Closed Units 2017 ---------------- 278 2018 ---------------- 451 2019 ----------------- 333 2020 ---------------- 381 2021 --------------- 607
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
$3,000,000
$3.922M
$3.860M
$3,500,000
$3.610M $3.184M
$3.126M
2017
2018
$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
$1.968M
$1.943M
2017
2018
$1.999M
$2.125M
$2.117M
2020
2021
$1,500,000
$1,000,000
$500,000
0
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 February 28, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
16
-56%
47
+194%
8.1
-38%
$5,383,593
+7%
Bonita Bay
13
-69%
70
+3%
5.8
-5%
$1,401,049
+21%
1
-93%
20
+43%
4.6
-54%
$1,578,725
+10%
Grey Oaks
10
-83%
85
+98%
6.8
-55%
$2,574,129
-7%
Isles of Collier Preserve
0
-100%
70
+67%
4.9
-11%
$1,118,317
+16%
Kensington
2
-83%
15
-17%
3.3
-43%
$815,327
-2%
Lely Resort
30
-75%
170
+62%
7.9
-30%
$696,496
+13%
Mediterra
14
-77%
67
+46%
9.1
-35%
$2,054,812
-11%
Monterey
5
-44%
19
-27%
4.3
-27%
$810,132
+5%
Naples Park
15
-81%
223
+38%
4.3
-38%
$511,453
+15%
Naples Reserve
8
-87%
143
+68%
4.2
-48%
$603,099
+18%
Olde Naples
27
-60%
99
+30%
8.0
-33%
$4,121,192
+1%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
40
-60%
149
+16%
7.9
-24%
$2,311,484
+13%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
9
-64%
33
-13%
5.8
-42%
$4,061,668
+12%
Pelican Bay
13
-73%
72
+33%
7.2
-33%
$3,157,832
+21%
Pelican Landing
9
-81%
69
+13%
6.5
-17%
$791,934
+3%
Pelican Marsh
8
-81%
70
+32%
5.3
-48%
$1,124,623
+12%
Pine Ridge
16
-66%
54
+69%
8.7
-32%
$2,316,470
+26%
Port Royal
11
-79%
56
+60%
11.4
-25%
$10,412,054
+12%
Quail Creek
6
-60%
26
+4%
4.7
-37%
$1,282,788
+16%
Quail West
10
-82%
88
+76%
7.1
-43%
$2,313,413
+25%
Royal Harbor
6
-85%
60
+94%
8.0
-33%
$2,665,452
+16%
The Colony At Pelican Landing
3
-80%
18
+157%
9.1
-34%
$1,606,944
-10%
Tiburon
0
-100%
18
+50%
3.8
+3%
$1,755,778
+16%
Vanderbilt Beach
7
-83%
45
+32%
7.4
-42%
$1,841,674
+4%
Vineyards
7
-85%
78
+5%
5.0
-36%
$737,459
+12%
Collier’s Reserve
* 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 February 28, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % 12 MONTHS CHANGE
MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE
% CHANGE
Bonita Bay
39
-64%
149
+12%
7.2
-11%
$786,839
+3%
Grey Oaks
3
+50%
12
-8%
2.7
-36%
$1,017,158
+17%
Isles of Collier Preserve
8
-65%
44
+29%
4.7
-43%
$536,498
+7%
Kensington
5
-71%
20
+33%
11.7
+83%
$426,645
-7%
Lely Resort
33
-72%
205
+4%
5.7
-37%
$307,160
-4%
1
-95%
19
+27%
10.1
-19%
$585,816
+3%
Olde Naples
55
-47%
149
+16%
8.3
-23%
$998,734
+1%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
19
-70%
102
+36%
7.6
-12%
$466,160
+17%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
91
-67%
395
+26%
8.3
-9%
$1,403,673
+4%
Pelican Bay
75
-70%
366
+36%
7.2
-28%
$1,252,612
-13%
Pelican Landing
6
-89%
107
+16%
4.9
-21%
$346,544
+4%
Pelican Marsh
12
-81%
102
+11%
5.2
-37%
$409,458
+14%
Pine Ridge
2
-75%
21
+17%
3.3
-44%
$224,167
+4%
The Dunes of Naples
11
-72%
49
+7%
8.0
-47%
$1,161,869
+6%
Tiburon
6
-78%
49
+26%
6.7
+10%
$765,240
-6%
Vanderbilt Beach
27
-72%
123
+24%
8.9
-28%
$1,019,802
+21%
Vineyards
26
-68%
130
-7%
5.0
-36%
$373,326
+8%
Mediterra
* 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.
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