William Raveis Real Estate January 2021 Market Report

MANAGED BY BY MANAGED

JANUARY 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 January 31, 2021 for the Naples and Bonita Springs Area increased 29% year-over-year (8,859 vs 6,892).

•

There were 67 closed sales, priced above two million, in January 2021 compared to 38 in January 2020, a 76% increase. During the 12 months ending January 31, 2021, sales in this category increased 73% over the same time period in 2020 (662 vs 382).

NEW LISTINGS / INVENTORY •

During the 12 months ending January 31, 2021, a total of 10,065 new listings were added to the market, remaining relatively the same with a decrease of 1% vs the same time period 12 months ending January 31, 2020.

•

Available inventory as of January 31, 2021 consisted of 3,194 units, a decrease of 35% vs the same time period in 2020. Current inventory represents 4.9 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $786,153 a 14% increase vs the same time period in 2020.

•

The median sales price for the area in January 2021 increased 15% to $491,500 vs January 2020.

NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •

The number of closed sales in the 12 months ending January 31, 2021 for the Naples and Bonita Springs Area increased 16% year-over-year (6,402 vs 5,502).

•

There were 18 closed sales priced above two million compared to 17 in January 2020, a 6% increase.

During the 12 months ending January 31, 2021, sales in this category increased 63% vs the same time period in 2020 (239 vs 147 units).

NEW LISTINGS / INVENTORY •

During the 12 months ending January 31, 2021, a total of 8,114 new listings were added to the market, a 3% increase vs the same time period 12 months ending January 31, 2020.

•

Available inventory as of January 31, 2021 consisted of 2,945 units, a decrease of 25% vs the same time period in 2020. Current inventory represents 4.9 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $491,351 an increase of 13% vs the same time period in 2020.

•

The median sales price for the area in January 2021 increased 8% to $285,000 vs January 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 January 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 47% year-over-year (552 vs 376).

NEW LISTINGS / INVENTORY •

During the 12 months ending January 31, 2021, a total of 678 new listings were added to the market, an increase of 10% compared to the same time period 12 months ending January 31, 2020.

•

Available inventory as of January 31, 2021 consisted of 300 units, a decrease of 29% vs the same time period in 2020 (300 vs 425). Current inventory represents 6.7 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $3,717,347, 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 January 2021 decreased 24% to $2,500,000 vs January 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 January 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 52% year-over-year (574 vs 377).

NEW LISTINGS / INVENTORY •

During the 12 months ending January 31, 2021, a total of 754 new listings were added to the market, an increase of 22% vs the same time period 12 months ending January 31, 2020.

•

Available inventory as of January 31, 2021 consisted of 310 units, a 23% decrease vs the same time period in 2020. Current inventory represents 6.5 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE •

The year-over-year average sales price for the area was $2,097,549, remaining relatively the same with an increase of less than 1% vs the same time period in 2020.

•

The median sales price for the area in January 2021 decreased 9% to $1,646,250 vs January 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 ---------------- 10,386 2018 ---------------- 9,511 2019 ---------------- 10,441 2020 ---------------- 10,158

2021 --------------- 10,065

8,000

6,000

Closed Units

4,000

2017 ---------------- 5,848 2018 ---------------- 6,051 2019 ----------------- 6,309 2020 ---------------- 6,892

2021 --------------- 8,859

2,000

0 2017

2018

2019

2020

2021

Naples and Bonita Springs - Condominiums 10,000

New Listings 2017 ----------------- 8,329 2018 ----------------- 7,850 2019 ----------------- 8,508 2020 ----------------- 7,862

2021 ----------------- 8,114

8,000

6,000

Closed Units

4,000

2017 ----------------- 4,765 2018 ----------------- 4,938 2019 ----------------- 5,153 2020 ----------------- 5,502 2021 ----------------- 6,402

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 $800,000

$786K

$700,000

$710K $600,000

$624K

$689K

$653K

$500,000 $400,000 $300,000 $200,000

2017

2018

2019

2020

2021

Naples and Bonita Springs - Condominiums $500,000

$491K $400,000

$433K

$426K

$435K

2018

2019

2020

$398K $300,000

$200,000

$100,000

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 ---------------- 695 2018 ---------------- 614 2019 ---------------- 658 2020 ---------------- 618

2021 --------------- 678

600 500 400

Closed Units

300

2017 ---------------- 286 2018 ---------------- 323 2019 ----------------- 367 2020 ---------------- 376

2021 --------------- 552

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 ---------------- 563 2018 ---------------- 615 2019 ---------------- 637 2020 ---------------- 620

2021 --------------- 754

700 600 500 400

Closed Units 2017 ---------------- 281 2018 ---------------- 417 2019 ----------------- 357 2020 ---------------- 377

2021 --------------- 574

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

$3,500,000

$3,000,000

$3.199M

$3.751M

$3.719M

$3.717M

2019

2020

2021

$3.144M

$2,500,000

$2,000,000

$1,500,000 0 2017

2018

Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000

$2,000,000

$1.986M

$1.910M

$1.996M

2017

2018

2019

$2.094M

$2.098M

2020

2021

$1,500,000

$1,000,000

$500,000

0

* 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 January 31, 2021

ACTIVE LISTINGS

% CHANGE

CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY

% CHANGE

AVERAGE CLOSED PRICE

% CHANGE

Aqualane Shores

15

-57%

44

+159%

8.9

-30%

$5,081,054

+5%

Bonita Bay

18

-57%

70

+6%

6.2

no change

$1,429,006

+38%

1

-93%

18

+13%

5.2

-48%

$1,563,028

+9%

Grey Oaks

13

-75%

80

+95%

7.7

-50%

$2,533,000

-8%

Isles of Collier Preserve

4

-80%

60

+25%

5.4

-5%

$1,094,672

+14%

Kensington

2

-80%

14

-22%

3.6

-39%

$823,922

-1%

Lely Resort

28

-75%

157

+47%

8.6

-23%

$688,072

+11%

Mediterra

17

-73%

63

+29%

9.9

-31%

$1,951,387

-17%

Monterey

6

-33%

20

-13%

4.2

-29%

$765,375

-5%

Naples Park

14

-83%

203

+25%

4.6

-37%

$500,925

+14%

Naples Reserve

6

-91%

136

+58%

4.8

-42%

$588,356

+15%

Olde Naples

30

-56%

93

+21%

8.4

-33%

$4,194,323

+4%

Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront

32

-63%

146

+18%

8.4

-24%

$2,250,645

+8%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

10

-57%

36

no change

6.2

-40%

$4,064,168

+15%

Pelican Bay

17

-63%

72

+44%

7.9

-29%

$2,894,999

+1%

Pelican Landing

13

-70%

61

+2%

7

-15%

$775,689

-2%

Pelican Marsh

6

-87%

65

+28%

5.8

-43%

$1,105,017

+4%

Pine Ridge

17

-61%

55

+72%

9.6

-22%

$2,271,625

+20%

Port Royal

19

-63%

50

+52%

12.5

-18%

$9,797,500

+6%

Quail Creek

4

-77%

27

+29%

4.9

-36%

$1,281,648

+18%

Quail West

14

-74%

86

+69%

8.0

-37%

$2,252,155

+24%

Royal Harbor

7

-81%

56

+88%

8.6

-29%

$2,697,306

+25%

The Colony At Pelican Landing

2

-88%

15

+114%

-28%

$1,577,667

-9%

Tiburon

3

-70%

18

+64%

4.3

+16%

$1,920,500

+52%

Vanderbilt Beach

12

-63%

47

+47%

8.3

-38%

$1,933,199

+3%

Vineyards

8

-83%

84

+22%

5.5

-33%

$725,207

+11%

Collier’s Reserve

10.1

* 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 January 31, 2021

ACTIVE LISTINGS

% CHANGE

CLOSED PAST % 12 MONTHS CHANGE

MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE

% CHANGE

Bonita Bay

51

-51%

152

+23%

7.7

-6%

$770,396

+1%

Grey Oaks

4

no change

4

-33%

2.6

-44%

$995,718

+16%

Isles of Collier Preserve

9

-63%

40

+18%

5.1

-39%

$524,314

+4%

Kensington

13

-32%

20

+33%

12.3

+105%

$430,895

-5%

Lely Resort

41

-65%

192

-1%

6

-38%

$311,587

-1%

Mediterra

8

-58%

16

no change

10.8

-12%

$588,469

-3%

Olde Naples

53

-48%

138

+15%

8.4

-24%

$973,162

-1%

Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront

32

-39%

98

+29%

8.2

-2%

$465,718

+16%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

123

-53%

366

+18%

8.7

-7%

$1,396,957

+8%

Pelican Bay

91

-61%

347

+34%

7.4

-23%

$1,201,653

-19%

Pelican Landing

11

-77%

99

+8%

5.3

-21%

$344,268

+4%

Pelican Marsh

10

-83%

97

+9%

5.7

-34%

$408,920

+14%

Pine Ridge

3

-57%

20

+18%

3.6

-44%

$220,875

+1%

The Dunes of Naples

12

-63%

53

+23%

5

-62%

$1,131,938

-1%

Tiburon

8

-65%

42

+5%

6.9

+17%

$757,875

-3%

Vanderbilt Beach

37

-63%

112

+13%

9.5

-25%

$1,011,823

+21%

Vineyards

29

-57%

124

-5%

5.1

-38%

$361,137

+3%

* 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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