NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT MAY 2022
NAPLES & BONITA SPRI NG S Single-Family Properties
CLOSED SALES •
The number of closed sales in the 12 months ending May 31, 2022 for the Naples and Bonita Springs Area decreased 18% year-over-year (8,769 vs 10,664).
•
There were 128 closed sales priced above two million in May 2022 compared to 119 in May 2021, a 8% increase. During the 12 months ending May 31, 2022, sales in this category decreased 11% over the same time period in 2021 (874 vs 977 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2022, a total of 10,004 new listings were added to the market, this is an 8% decrease vs the same time period 12 months ending May 31, 2021.
•
Available inventory as of May 31, 2022 consisted of 2,687 units, a decrease of 0.3% 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 $1,077,479, a 20% increase vs the same time period in 2021.
•
The median sales price for the area in May 2022 increased 38% to $775,000 vs May 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 May 31, 2022 for the Naples and Bonita Springs Area decreased 20% year-over-year (7,029 vs 8,752).
•
There were 60 closed sales priced above two million in May 2022 compared to 49 in May 2021, a 22% increase. During the 12 months ending May 31, 2022, sales in this category increased 3% vs the same time period in 2021 (364 vs 354 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2022, a total of 7,449 new listings were added to the market, an 18% decrease vs the same time period 12 months ending May 31, 2021.
•
Available inventory as of May 31, 2022 consisted of 1,845 units, a decrease of 2% 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 $649,998, a 24% increase vs the same time period in 2021.
•
The median sales price for the area in May 2022 increased 47% to $470,000 vs May 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 May 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 33% year-over-year (508 vs 754).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2022, a total of 653 new listings were added to the market, a decrease of 14% compared to the same time period 12 months ending May 31, 2021.
•
Available inventory as of May 31, 2022 consisted of 277 units, a 14% increase vs the same time period in 2021 (277 vs 242). Current inventory represents 4 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $5,412,039 an increase of 31% vs the same time period in 2021.
•
The median sales price for the area in May 2022 decreased 13% to $2,950,000 vs May 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 May 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 18% year-over-year (693 vs 847).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2022, a total of 730 new listings were added to the market, a decrease of 19% vs the same time period 12 months ending May 31, 2021.
•
Available inventory as of May 31, 2022 consisted of 215 units, a 5% decrease vs the same time period in 2021 (215 vs 227). Current inventory represents 2 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,450,995, increasing 16% vs the same time period in 2021.
•
The median sales price for the area in May 2022 increased 12% to $2,079,998 vs May 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
$1,077,479 $900,139 $694,752
$681,068
$670,884
10,448
9,597
2019
10,664
10,004
8,769
6,787
6,397
6,073
2018
10,904
9,764
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$649,998 $523,633 $437,596
$423,618
9,062
8,239
8,018 4,954
2018
$434,207
8,752
7,466 5,271
2019
7,449
7,029
5,087
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
$5,412,039
$3,754,752 $3,253,029
$4,116,124 $3,636,641
755 647
613
754 653
626
508 362
330
2018
345
2019
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$2,450,995
$1,907,367
$2,058,928
$2,125,711
$2,119,918
902 636
616
610 439
2018
847
693
339
338 2019
730
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
11
10%
28
-52%
2.4
-63%
$7,766,429
37%
Bonita Bay
4
-64%
61
-32%
1.2
-76%
$1,888,635
14%
Collier’s Reserve
2
0%
9
-59%
0.3
-89%
$1,799,556
15%
Grey Oaks
7
17%
43
-53%
1.3
-72%
$4,327,302
51%
Isles of Collier Preserve
5
-38%
53
-32%
1.1
-71%
$1,878,413
65%
Kensington
1
-67%
17
-15%
1.2
-59%
$1,146,824
23%
Lely Resort
22
-35%
127
-42%
1.2
-81%
$1,111,459
50%
Mediterra
8
-39%
55
-38%
1.4
-80%
$2,970,124
39%
Monterey
3
-57%
22
-35%
0.8
-82%
$1,131,368
23%
60
77%
269
3%
2.1
-38%
$819,796
51%
Naples Reserve
11
10%
102
-51%
1.2
-57%
$978,595
58%
Olde Naples
38
-54%
219
-33%
2.3
-67%
$2,790,073
17%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
34
-26%
104
-45%
2.7
-59%
$3,725,965
52%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
17
31%
40
3%
4.5
-6%
$6,194,225
51%
Pelican Bay
5
-69%
50
-46%
1.7
-69%
$4,125,941
11%
Pelican Landing
4
-56%
45
-48%
0.7
-88%
$1,250,507
48%
Pelican Marsh
5
-71%
53
-40%
0.7
-85%
$2,038,461
41%
Pine Ridge
19
111%
29
-51%
3.2
-48%
$4,607,848
81%
Port Royal
9
-18%
26
-65%
2.2
-74%
$19,094,846
78%
Quail Creek
7
40%
34
17%
1.5
-67%
$1,968,206
39%
Quail West
6
-46%
49
-52%
1.5
-68%
$3,591,571
52%
Royal Harbor
10
-9%
27
-59%
3.3
-39%
$4,599,117
62%
The Colony At Pelican Landing
0
-100%
11
-50%
0.5
-93%
$2,034,545
29%
Tiburon
3
50%
12
-37%
1.5
-50%
$2,629,417
29%
Vanderbilt Beach
10
25%
30
-50%
2.4
-50%
$3,662,597
72%
Vineyards
6
-50%
67
-30%
1.3
-65%
$955,243
24%
Neighborhood
Naples Park
*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
12
-54%
160
-17%
1.4
-76%
$1,154,836
29%
Grey Oaks
3
-25%
16
7%
0.7
-77%
$1,483,438
40%
Isles of Collier Preserve
3
-25%
38
-38%
1.0
-71%
$883,213
65%
Kensington
1
-67%
16
-60%
0.3
-97%
$659,078
42%
Lely Resort
15
-52%
218
-21%
1.3
-75%
$460,767
44%
Mediterra
4
33%
27
-16%
1.5
-79%
$1,040,593
76%
Olde Naples
20
-62%
157
-20%
2.2
-71%
$1,244,195
12%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
15
-52%
120
-17%
1.2
-81%
$599,300
11%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
42
-46%
333
-35%
1.4
-80%
$2,074,599
35%
Pelican Bay
24
-64%
359
-24%
1.0
-83%
$1,717,367
29%
Pelican Landing
6
-40%
66
-45%
0.7
-81%
$500,789
42%
Pelican Marsh
6
-50%
76
-43%
0.6
-87%
$646,555
49%
The Dunes of Naples
5
-58%
41
-39%
1.2
-81%
$1,568,458
31%
Tiburon
5
0%
36
-41%
0.8
-86%
$1,126,507
49%
Vanderbilt Beach
21
-38%
150
-12%
1.5
-80%
$1,379,972
26%
Vineyards
16
-39%
131
-20%
0.9
-80%
$530,211
37%
*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 TH WE 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.
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