William Raveis Real Estate Luxury Market Report December 2022

NAPLES & BONITA SPRINGS

Single-Family Properties

CLOSED SALES

• The number of closed sales in the 12 months ending December 31, 2022 for the Naples and Bonita Springs Area decreased 29% year-over-year (7,083 vs 10,028).

• There were 66 closed sales priced above two million in December 2022 compared to 83 in December 2021; a 20% decrease. During the 12 months ending December 31, 2022, sales in this category decreased 17% over the same time period in 2021 (803 vs 964 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending December 31, 2022, a total of 9,835 new listings were added to the market, this is a 3% decrease vs the same time period 12 months ending December 31, 2021.

• Available inventory as of December 31, 2022 consisted of 2,642 units, an increase of 36% 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 $1,160,716, a 17% increase vs the same time period in 2021.

• The median sales price for the area in December 2022 increased 12% to $699,498 vs December 2021.

*Source of this market data: Southwest Florida MLS © 2023. 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 December 31, 2022 for the Naples and Bonita Springs Area decreased 38% year-over-year (5,479 vs 8,842).

• There were 32 closed sales priced above two million in December 2022 compared to 27 in December 2021, a 19% increase. During the 12 months ending December 31, 2022, sales in this category increased 2% over the same time period in 2021 (360 vs 352 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending December 31, 2022, a total of 6,741 new listings were added to the market, a 13% decrease vs the same time period 12 months ending December 31, 2021.

• Available inventory as of December 31, 2022 consisted of 1,609 units, an increase of 31% vs the same time period in 2021. 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 $717,796, a 27% increase vs the same time period in 2021.

• The median sales price for the area in December 2022 increased 14% to $455,000 vs December 2021.

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 December 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 36% year-overyear (420 vs 658).

NEW LISTINGS / INVENTORY

• During the 12 months ending December 31, 2022, a total of 792 new listings were added to the market, a decrease of 24% compared to the same time period 12 months ending December 31, 2021.

• Available inventory as of December 31, 2022 consisted of 316 units, a 80% increase vs the same time period in 2021 (316 vs 176). Current inventory represents 9 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $5,165,473 an increase of 6% vs the same time period in 2021.

• The median sales price for the area in December 2022 decreased 16% to $3,250,000 vs December 2021.

*Source of this market data: Southwest Florida MLS © 2023. 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 December 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 27% year-overyear (576 vs 791).

NEW LISTINGS / INVENTORY

• During the 12 months ending December 31, 2022, a total of 715 new listings were added to the market, a decrease of 2% vs the same time period 12 months ending December 31, 2021.

• Available inventory as of December 31, 2022 consisted of 224 units, a 22% increase vs the same time period in 2021 (224 vs 183). 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 $2,590,811, increasing 13% vs the same time period in 2021.

• The median sales price for the area in December 2022 increased 17% to $2,110,000 vs December 2021.

COMMUNITY SNAPSHOT REPORT

Single-Family Properties

Neighborhood Active Listings

Closed Past 12 Months

Average Closed Price Months Of Supply % Change % Change % Change % Change

Aqualane Shores 20 150% 16 -67% 5.8 163% $9,239,688 47%

Bonita Bay 7 17% 41 -56% 1.0 -17% $2,157,067 26%

Collier’s Reserve 5 - 12 -14% 1.4 1300% $2,411,333 56%

Grey Oaks 9 50% 41 -38% 2.6 160% $4,619,805 45%

Isles of Collier Preserve 19 850% 35 -53% 2.7 350% $2,352,011 68%

Kensington 2 - 15 -25% 0.7 75% $1,335,677 30%

Lely Resort 23 188% 100 -50% 2.4 167% $1,341,905 57%

Mediterra 15 275% 42 -43% 2.6 100% $3,550,381 49%

Monterey 2 100% 17 -51% 1.3 44% $1,310,059 27%

Naples Park 83 337% 195 -24% 3.2 191% $1,030,014 57%

Naples Reserve 18 200% 54 -53% 2.2 214% $1,294,885 47%

Olde Naples 29 93% 51 -50% 4.2 83% $7,832,534 68%

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

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

44 63% 88 -41% 5.3 130% $3,754,821 28%

35 133% 25 -31% 7.5 134% $6,784,200 52%

Pelican Bay 15 88% 33 -60% 2.1 40% $4,927,242 29%

Pelican Landing 4 100% 44 -40% 1.3 86% $1,430,830 53%

Pelican Marsh 8 300% 37 -56% 1.4 75% $2,000,338 17%

Pine Ridge 13 44% 28 -28% 5.7 171% $5,694,036 70%

Port Royal 15 114% 22 -61% 4.3 115% $19,755,458 47%

Quail Creek 8 300% 28 -15% 2.7 80% $2,183,857 39%

Quail West 13 160% 37 -52% 2.3 109% $3,968,162 37%

Royal Harbor 13 18% 25 -41% 4.3 126% $5,360,280 61%

The Colony At Pelican Landing 2 0% 6 -63% 0.3 -63% $2,482,500 55%

Tiburon 3 - 7 -56% 1.1 83% $2,672,571 4%

Vanderbilt Beach 27 286% 23 -47% 5.0 178% $3,988,287 39%

Vineyards 11 57% 54 -32% 1.9 58% $1,264,709 40%

*Source of this market data: Southwest Florida MLS © 2023. 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 Active Listings

COMMUNITY

SNAPSHOT REPORT

Condominiums

Average Closed Price Months Of Supply % Change % Change % Change % Change

Closed Past 12 Months

Bonita Bay 27 69% 126 -34% 1.2 -25% $1,282,124 23%

Grey Oaks 1 - 15 -17% 0.5 -29% $1,850,333 56%

Isles of Collier Preserve 9 350% 38 -24% 1.4 100% $950,490 47%

Kensington 2 0% 14 -56% 0.9 -31% $753,536 50%

Lely Resort 30 88% 155 -46% 1.2 0% $551,873 53%

Mediterra 5 - 20 -36% 1.5 114% $1,338,200 100% Olde Naples 34 3100% 120 -43% 2.2 -21% $1,608,768 40%

Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 21 163% 93 -36% 1.9 46% $644,873 6%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 49 40% 241 -48% 1.6 7% $2,348,275 38%

Pelican Bay 48 167% 250 -48% 1.2 9% $1,913,530 30%

Pelican Landing 7 75% 51 -46% 0.8 100% $549,590 33%

Pelican Marsh 7 250% 56 -51% 1.0 67% $811,643 63%

The Dunes of Naples 12 200% 28 -53% 1.8 50% $2,021,242 58% Tiburon 3 - 27 -54% 1.4 180% $1,288,907 40% Vanderbilt Beach 16 0% 83 -57% 1.7 0% $1,484,754 19% Vineyards 11 120% 107 -36% 1.3 30% $621,170 38%

*Source of this market data: Southwest Florida MLS © 2023. 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.

SOUTHWEST FLORIDA COMMUNITY GUIDE

- City of Naples - North Naples (North of Pine Ridge Road) - South Naples (South of Pine Ridge Road) - Bonita Springs

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

GOLF COURSE

18 holes 27 holes 36 holes 54 holes 90 holes

KEY PRICE RANGE

Dominant price less than $500K

Dominant price $500K to $1M

Dominant price over $1M

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

*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.

Neighborhood Golf Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium