MANAGED BY BY MANAGED
JULY 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 July 31, 2021 for the Naples and Bonita Springs Area increased 51% year-over-year (10,752 vs 7,113).
•
There were 61 closed sales, priced above two million in July 2021 compared to 50 in July 2020, a 22% increase. During the 12 months ending July 31, 2021, sales in this category increased 154% over the same time period in 2020 (1,020 vs 402).
NEW LISTINGS / INVENTORY •
During the 12 months ending July 31, 2021, a total of 10,796 new listings were added to the market, this is a 7% increase vs the same time period 12 months ending July 31, 2020.
•
Available inventory as of July 31, 2021 consisted of 2,306 units, a decrease of 44% 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 $938,464 a 38% increase vs the same time period in 2020.
•
The median sales price for the area in July 2021 increased 34% to $564,250 vs July 2020.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending July 31, 2021 for the Naples and Bonita Springs Area increased 80% year-over-year (9,194 vs 5,101).
•
There were 27 closed sales priced above two million compared to 9 in July 2020, a 200% increase. During the 12 months ending July 31, 2021, sales in this category increased 215% vs the same time period in 2020 (384 vs 122 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending July 31, 2021, a total of 8,643 new listings were added to the market, a 9% increase vs the same time period 12 months ending July 31, 2020.
•
Available inventory as of July 31, 2021 consisted of 1,368 units, a decrease of 61% vs the same time period in 2020. Current inventory represents 2.5 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $542,850 an increase of 25% vs the same time period in 2020.
•
The median sales price for the area in July 2021 increased 29% to $339,000 vs July 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 July 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 103% year-over-year (759 vs 373).
NEW LISTINGS / INVENTORY •
During the 12 months ending July 31, 2021, a total of 736 new listings were added to the market, an increase of 12% compared to the same time period 12 months ending July 31, 2020.
•
Available inventory as of July 31, 2021 consisted of 185 units, a decrease of 50% vs the same time period in 2020 (185 vs 369). Current inventory represents 4.7 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $4,315,320 an increase of 20% vs the same time period in 2020.
•
The median sales price for the area in July 2021 increased 31% to $3,600,000 vs July 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 July 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 162% year-over-year (887 vs 338).
NEW LISTINGS / INVENTORY •
During the 12 months ending July 31, 2021, a total of 827 new listings were added to the market, an increase of 22% vs the same time period 12 months ending July 31, 2020.
•
Available inventory as of July 31, 2021 consisted of 153 units, a 60% decrease 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 $2,182,754, increasing 7% vs the same time period in 2020.
•
The median sales price for the area in July 2021 increased 10% to $1,825,000 vs July 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 ---------------- 10,153 2018 ---------------- 9,664 2019 ---------------- 10,322 2020 --------------- 10,084 2021 ---------------- 10,796
8,000
6,000
Closed Units
4,000
2017 ---------------- 6,301 2018 ---------------- 6,041 2019 ----------------- 6,499 2020 --------------- 7,113 2021 ---------------- 10,752
2,000
0 2017
2018
2019
2020
2021
Naples and Bonita Springs - Condominiums 10,000
New Listings 2017 ----------------- 8,077 2018 ----------------- 8,028 2019 ----------------- 8,222 2020 ---------------- 7,894 2021 ------------------ 8,643
8,000
6,000
Closed Units
4,000
2017 ----------------- 5,030 2018 ----------------- 4,992 2019 ----------------- 5,229 2020 ---------------- 5,101 2021 ------------------ 9,194
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
$938K
$800,000
$600,000
$701K
$689K
$682K
2018
2019
2020
$630K $400,000
$200,000
$0 2017
2021
Naples and Bonita Springs - Condominiums $1,00,000
$800,000
$600,000 $543K
$400,000 $412K
$435K
$436K
$434K
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 ---------------- 651 2018 ---------------- 608 2019 ---------------- 649 2020 --------------- 657 2021 ---------------- 736
700 600 500
Closed Units
400
2017 ---------------- 305 2018 ---------------- 352 2019 ----------------- 370 2020 --------------- 373 2021 ---------------- 759
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 ---------------- 556 2018 ---------------- 639 2019 ---------------- 630 2020 --------------- 678 2021 ---------------- 827
800 700 600 500
Closed Units 2017 ---------------- 329 2018 ---------------- 426 2019 ----------------- 362 2020 --------------- 338 2021 ---------------- 887
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
$4.315M
$3,500,000
$3,000,000
$3.775M $3.256M
$3.600M
$3.355M
$2,500,000
$2,000,000
$1,500,000 0 2017
2018
2019
2020
2021
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000 $1.975M
$1.952M
2017
2018
$2.109M
$2.047M
2019
2020
$2.183M
$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 July 31, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
9
-57%
60
+122%
5.3
-56%
$5,947,122
+17%
Bonita Bay
4
-88%
101
+84%
4.1
-34%
$1,637,792
+27%
Collier’s Reserve
0
-100%
22
+47%
1.7
-79%
$1,530,795
+3%
Grey Oaks
2
-94%
89
+71%
3.7
-70%
$2,841,371
+5%
Isles of Collier Preserve
8
-71%
86
+83%
2.8
-55%
$1,230,855
+25%
Kensington
1
-80%
18
+20%
2.3
-53%
$906,861
+7%
Lely Resort
7
-93%
243
+131%
4.6
-57%
$781,221
+17%
Mediterra
10
-80%
93
+144%
5.1
-60%
$2,264,645
+6%
Monterey
1
-90%
38
+100%
3.7
-23%
$947,205
+17%
27
-60%
262
+80%
2.9
-50%
$572,897
+26%
Naples Reserve
5
-89%
155
+55%
2.1
-72%
$741,313
+39%
Olde Naples
19
-65%
124
+68%
4.9
-53%
$4,453,177
+14%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
20
-78%
193
+84%
4.8
-51%
$2,657,448
+33%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
7
-65%
41
+32%
3.6
-54%
$4,295,062
+23%
Pelican Bay
9
-72%
89
+68%
4.3
-58%
$3,770,293
+34%
Pelican Landing
2
-94%
98
+145%
4.1
-49%
$872,153
+19%
Pelican Marsh
3
-90%
98
+66%
3.8
-51%
$1,443,539
+36%
Pine Ridge
9
-74%
62
+72
4.7
-64%
$2,782,406
+30%
Port Royal
8
-81%
69
+123%
6.0
-59%
$11,269,029
+20%
Quail Creek
4
-74%
37
+85%
3.5
-46%
$1,556,257
+54%
Quail West
6
-86%
98
+69%
3.2
-73%
$2,516,780
+33%
Royal Harbor
5
-84%
62
+107
3.4
-72%
$2,844,981
+12%
The Colony At Pelican Landing
0
-100%
26
+333%
4.6
-65%
$1,577,500
+7%
Tiburon
3
-67%
21
+91%
2.4
-48%
$2,006,155
+16%
Vanderbilt Beach
6
-76%
55
+57%
3.5
-70%
$2,381,799
+25%
Vineyards
3
-91%
97
+59%
2.5
-68%
$795,693
+19%
Naples Park
* 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 July 31, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % 12 MONTHS CHANGE
MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE
% CHANGE
Bonita Bay
16
-80%
190
+57%
4.7
-43%
$923,547
+15%
Grey Oaks
0
-100%
19
+171%
2.6
-10%
$1,062,679
+29%
Isles of Collier Preserve
1
-92%
54
+50%
2.7
-64%
$556,875
+7%
Kensington
0
-100%
40
+300%
6.8
-34%
$471,924
-1%
Lely Resort
17
-82%
290
+66%
4.0
-45%
$327,510
+7%
1
-96%
35
+192%
4.7
-66%
$603,514
+5%
35
-60%
212
+77%
6.6
-33%
$1,079,606
+16%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
9
-85%
160
+119%
4.6
-53%
$548,854
+36%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
30
-87%
523
+87%
5.4
-41%
$1,606,932
+19%
Pelican Bay
26
-85%
502
+103%
4.6
-51%
$1,369,620
+21%
Pelican Landing
1
-97%
116
+49%
2.7
-54%
$377,556
11%
Pelican Marsh
4
-91%
132
+67%
2.9
-59%
$445,984
+18%
The Dunes of Naples
3
-91%
72
+80%
4.8
-35%
$1,190,650
+4%
1
-96%
66
+89%
4.5
33%
$802,258
+2
Vanderbilt Beach
16
-81%
199
+126%
5.5
-51%
$1,121,817
+16%
Vineyards
3
-95%
176
+49%
3.4
-48%
$412,664
+19%
Mediterra Olde Naples
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.