NAPLES & BONITA SPRINGS
Single-Family Properties
CLOSED SALES
• The number of closed sales in the 12 months ending June 30, 2023 for the Naples and Bonita Springs Area decreased 24% year-over-year (6,532 vs 8,547).
• There were 62 closed sales priced above two million in June 2023 compared to 60 in June 2022; a 3% increase. During the 12 months ending June 30, 2023, sales in this category decreased 15% over the same time period in 2022 (724 vs 847 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending June 30, 2023, a total of 8,904 new listings were added to the market, this is a 13% decrease vs the same time period 12 months ending June 30, 2022.
• Available inventory as of June 30, 2023 consisted of 2,781 units, a decrease of 1% vs the same time period in 2022. 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 $1,168,720, an 8% increase vs the same time period in 2022.
• The median sales price for the area in June 2023 increased 3% to $715,000 vs June 2022.
*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 June 30, 2023 for the Naples and Bonita Springs Area decreased 29% year-over-year (4,798 vs 6,762).
• There were 30 closed sales priced above two million in June 2023 compared to 53 in June 2022; a 43% decrease. During the 12 months ending June 30, 2023, sales in this category increased 7% over the same time period in 2022 (420 vs 393 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending June 30, 2023, a total of 6,262 new listings were added to the market, a 16% decrease vs the same time period 12 months ending June 30, 2022.
• Available inventory as of June 30, 2023 consisted of 2,002 units, an increase of 13% vs the same time period in 2022. 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 $792,400, a 17% increase vs the same time period in 2022.
• The median sales price for the area in June 2023 decreased 3% to $480,000 vs June 2022.
*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.
Luxury Broker in the World
by Luxury Portfolio International | 2018
William Raveis is honored to be recognized as the #1 Luxury Broker in the World by Luxury Portfolio International in 2018
550 COMPANIES | 4,300 OFFICES
135,000 ASSOCIATES 1 WINNER
|
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 June 30, 2023 for the luxury market from Port Royal to Bonita Beach Road Area decreased 21% year-over-year (374 vs 476).
NEW LISTINGS / INVENTORY
• During the 12 months ending June 30, 2023, a total of 805 new listings were added to the market, an increase of 21% compared to the same time period 12 months ending June 30, 2022.
• Available inventory as of June 30, 2023 consisted of 340 units, a 26% increase vs the same time period in 2022 (340 vs 270). Current inventory represents 10 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $4,882,057 a decrease of 10% vs the same time period in 2022.
• The median sales price for the area in June 2023 decreased 37% to $2,100,000 vs June 2022.
*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
• The number of closed sales in the 12 months ending June 30, 2023 for the luxury market from Port Royal to Bonita Beach Road Area decreased 13% year-over-year (604 vs 694).
NEW LISTINGS / INVENTORY
• During the 12 months ending June 30, 2023, a total of 900 new listings were added to the market, an increase of 19% vs the same time period 12 months ending June 30, 2022.
• Available inventory as of June 30, 2023 consisted of 336 units, a 66% increase vs the same time period in 2022 (336 vs 202). Current inventory represents 7 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $2,497,106, decreasing 1% vs the same time period in 2022.
• The median sales price for the area in June 2023 decreased 21% to $1,900,000 vs June 2022.
CLOSED SALES LUXURY MARKET $1M+ (WEST OF 41)*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
*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. YEAR-OVER-YEAR
MARKET TRENDS
Single-Family Properties Average Sales PriceNew ListingsClosed Units
Condominium Properties Average Sales PriceNew ListingsClosed Units 10,404 9,963 10,883 10,223 8,904 6,402 6,854 11,003 8,547 6,352 $687,240 $679,710 $910,709 $1,080,516 $1,168,720 20192020202120222023 8,211 7,706 8,958 7,469 6,262 5,196 5,007 9,258 6,762 4,798 $434,276 $432,818 $528,325 $675,006 $792,400 20192020202120222023
YEAR-OVER-YEAR MARKET TRENDS
PORT ROYAL to BONITA BEACH ROAD AREA
Average Sales PriceNew ListingsClosed Units Average Sales PriceNew ListingsClosed Units *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.
YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties YEAR-OVER-YEAR MARKET TRENDS Condominium Properties 644 653 742 666 805 360 349 775 476 374 $3,744,426 $3,656,086 $4,096,623 $5,402,784 $4,882,057 20192020202120222023 625 651 870 754 900 352 330 882 694 604 $2,097,587 $2,114,199 $2,118,172 $2,521,537 $2,497,106 20192020202120222023
In U.S. Home Sales
William Raveis is a member of Leading Real Estate Companies of the World, an invitation-only network and home of the world’s market-leading independent residential brokerages.
136,000
ASSOCIATES | 550
COMPANIES | 70 COUNTRIES
COMMUNITY SNAPSHOT REPORT
Single-Family Properties
*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 Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change Aqualane Shores2567%13-38%10.2278%$9,303,65410% Bonita Bay121100%41-21%2.9314%$2,129,1658% Collier’s Reserve4100%1567%1.9375%$2,533,00041% Grey Oaks1633%35-15%4.0208%$3,879,157-14% Isles of Collier Preserve19138%455%6.3600%$2,254,99813% Kensington20%2124%1.1175%$1,656,98345% Lely Resort20-26%95-14%2.9222%$1,373,40313% Mediterra9-18%30-36%4.1273%$3,879,00027% Monterey3-50%14-30%2.5400%$1,533,92940% Naples Park72-18%111-59%6.1259%$1,065,68024% Naples Reserve1679%49-37%4.2425%$1,398,02925% Olde Naples3470%49-18%7.4164%$7,394,4291% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 513%926%8.1170%$3,683,778-3% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 254%28-20%11.1131%$4,658,843-28% Pelican Bay18157%33-33%4.6254%$3,937,732-5% Pelican Landing1025%465%1.8157%$1,377,4299% Pelican Marsh833%31-33%2.7440%$1,980,210-11% Pine Ridge200%25-11%6.9109%$5,541,08021% Port Royal29123%23-4%9.2268%$18,083,351-7% Quail Creek6-40%18-42%3.1139%$2,158,5445% Quail West1515%31-34%4.7292%$4,061,9769% Royal Harbor1646%23-18%7.5127%$4,346,893-7% The Colony At Pelican Landing2-8-11%0.7133%$2,589,37526% Tiburon4100%7-42%2.6271%$4,052,85745% Vanderbilt Beach2485%14-53%10.4352%$3,746,114-2% Vineyards6-54%688%2.175%$1,385,58140%
*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. COMMUNITY SNAPSHOT REPORT Condominiums Neighborhood Active Listings Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change Bonita Bay40167%111-32%2.8180%$2,040,68473% Grey Oaks0-100%10-38%0.4-20%$2,131,90032% Isles of Collier Preserve13117%410%3.2357%$884,021-4% Kensington20%14-18%1.3117%$811,03619% Lely Resort2971%122-43%2.5213%$563,80316% Mediterra40%12-52%2.0150%$1,551,66745% Olde Naples4033%97-38%4.0122%$1,711,97121% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 44132%66-42%4.7422%$647,1412% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 103110%186-39%4.1310%$2,300,9183% Pelican Bay74100%242-30%2.9383%$1,900,7958% Pelican Landing833%58-11%1.6220%$578,48514% Pelican Marsh70%58-16%1.4180%$798,29318% The Dunes of Naples11175%21-46%4.4450%$1,980,95219% Tiburon9125%29-22%2.6420%$1,466,72422% Vanderbilt Beach47147%38-73%5.7375%$1,455,8924% Vineyards14-26%89-29%1.9171%$671,09021%
SOUTHWEST FLORIDA COMMUNITY GUIDE
- City of Naples
- North Naples (North of Pine Ridge Road)
- South Naples (South of Pine Ridge Road)
GOLF
PRICE
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
MONTEREY North Naples
& COQUINA SANDS City of Naples
MEDITERRA North Naples
MOORINGS
COURSE KEY
- Bonita Springs RANGE
18 holes 27 holes 36 holes 54 holes 90 holes
$1M
$2M
$$$
18
54 $$$ 36
$$$ 18
54
18
90
*Source of this market data: Southwest Florida MLS © 2023. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified. NeighborhoodGolf CourseClubhouseTennisGated** Price RangeBoating * Single-FamilyCondominium
Dominant price less than $1M Dominant price
to $2M Dominant price over
$ $$
$$ $$
$
$$
$$$
$$$
$$
$$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
NeighborhoodGolf CourseClubhouseTennisGated** Price RangeBoating * Single-FamilyCondominium NAPLES PARK North Naples NAPLES RESERVE South Naples OLD NAPLES City of Naples PARK SHORE City of Naples PELICAN BAY North Naples PELICAN LANDING Bonita Springs PELICAN MARSH North Naples PINE RIDGE North Naples PORT ROYAL City of Naples QUAIL CREEK North Naples QUAIL WEST North Naples ROYAL HARBOR City of Naples THE COLONY AT PELICAN LANDING Bonita Springs THE DUNES OF NAPLES North Naples TIBURON GOLF CLUB North Naples VANDERBILT BEACH AREA North Naples VINEYARDS North Naples $$ $$$ $$$ $$$ $ $$$ $$ $$$ $$$ $$$ $$ $$ $ $ 36 $$$ 27 $$$ $$$ 36 18 36 36 36 18 *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.
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
NY RI CT MA VT NH ME #1 Independent Luxury Broker, in Florida and the Northeast1 #1 Luxury Broker by Luxury Portfolio International | 2018 #1 Luxury Lifestyle Award Winner | 20222 #1 Overall Winner of HGTV’s 2022 Ultimate House Hunt #1 Average Sales Price in Naples, FL3 #1 Market Share in Port Royal and Grey Oaks4 Number One Luxury Broker
1/1/2022
12/13/2022. 4.
REALTORS®
1/1/2022 - 1/1/2023. Non-MLS
not included in these
FL
1. William Raveis is the largest independent brokerage by total sales volume ($21.5 billion) according to RISMedia, 2021. 2. Winner of Best Luxury Real Estate Agency Award in FL, CT & MA in 2022 by Luxury Lifestyle Awards. 3. William Raveis has the highest average sales price per property of the five largest brokerages in the Naples Area according to the Naples Area Board of REALTORS® for the time period
-
According to the Naples Area Board of
for the time period
listings are
tabulations.